Future Tech

Applied Materials forecasts fourth-quarter revenue above estimates

Tan KW
Publish date: Fri, 16 Aug 2024, 07:24 AM
Tan KW
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Future Tech

  Applied Materials forecast fourth-quarter revenue above Wall Street estimates on Thursday, anticipating a surge in demand for its chip-making equipment, fueled by the AI boom.

The largest U.S. semiconductor equipment maker expects fourth-quarter revenue of about $6.93 billion, plus or minus $400 million, compared with analysts' average estimate of $6.92 billion, according to LSEG data.

 


  - Reuters

 

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