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Applied Materials forecast third-quarter revenue and adjusted profit above Wall Street estimates.
Applied Materials forecasted Q3 revenue of $8.95 billion, surpassing analysts' $8.09 billion consensus.
KEY POINTS
- The company predicts over 30% growth in semiconductor equipment and 50% growth in packaging revenue by 2026.
- Applied Materials increased its build plan, inventory, and logistics capacity to support higher demand.
- Q2 revenue and profit significantly beat estimates, driven by soaring AI data center and infrastructure investments.
COMPANIES
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