Future Tech

Applied Materials forecasts quarterly revenue above estimates

Tan KW
Publish date: Fri, 16 Feb 2024, 10:36 AM
Tan KW
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Future Tech

 Semiconductor equipment supplier Applied Materials forecast second-quarter revenue above Wall Street estimates on Thursday, as it benefits from a recovery in the personal computer market and an artificial intelligence boom.

The Santa Clara, California-based company expects second-quarter revenue of $6.5 billion, plus or minus $400 million, compared with analysts' average estimate of $5.92 billion, according to LSEG data.

 


  - Reuters

 

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