Key facts
- Applied Materials forecast first-quarter revenue of about $11.10 billion, plus or minus $500 million.
- The forecast compares with an average analyst estimate of $10.89 billion, according to LSEG data.
- The company said it expects AI chip demand to keep driving spending on its manufacturing equipment.
Applied Materials forecast first-quarter revenue of about $11.10 billion, plus or minus $500 million, on November 12, above the average analyst estimate of $10.89 billion compiled by LSEG.
The semiconductor manufacturing equipment maker said it expects strong demand for advanced AI chips to continue to fuel spending on its tools. The forecast was reported by Reuters.