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Applied Materials forecasts quarterly results above estimates; shares jump
Applied Materials forecasts quarterly results above estimates; shares jump
Illustration shows Applied Materials logo · Reuters
Reuters
Fri, February 13, 2026 at 6:06 AM GMT+9 1 min read
In this article:
AMAT
-3.38%
Feb 12 (Reuters) - Applied Materials forecast second-quarter revenue and profit above market estimates on Thursday, betting on a boom in demand for AI processors to help drive sales of its chipmaking equipment, sending its shares up 9% in extended trading.
The largest U.S. semiconductor equipment maker, Applied Materials, has benefited from relentless demand for AI chips, as chip manufacturers expand production capacity.
The company is also expected to cash in on a worldwide memory shortage, with memory providers boosting investment in increasing their manufacturing capacity.
Applied Materials expects second-quarter sales of about $7.65 billion, plus or minus $500 million, compared with estimates of $7.01 billion, according to data compiled by LSEG.
The company expects second-quarter adjusted profit of about $2.64 per share, plus or minus 20 cents, compared with estimates of profit of $2.28.
(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Alan Barona and Sriraj Kalluvila)
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