Applied Materials forecasts quarterly revenue above estimates on strong AI chip demand

Applied Materials reported quarterly revenue that topped analyst estimates, posting a record $10.41 billion as strong AI chip demand fuels growth. The company also highlighted over 40 % expansion in its Semiconductor Systems segment, signaling robust demand across the tech industry and reinforcing its leadership in advanced manufacturing. The performance reflects accelerating adoption of AI hardware and positions the firm for continued innovation in next‑generation chip fabrication.