Applied Materials' Q3 Revenue Surpasses Estimates, AI Demand Drives Growth

The semiconductor equipment giant forecasts continued strong performance, despite a mixed outlook for Q4.

Applied Materials reported a record Q3 revenue of $6.78 billion, beating estimates.
The company anticipates Q4 revenue around $6.93 billion, slightly above Wall Street expectations.
AI-driven demand for chip-making equipment is a significant growth factor for the company.
Despite positive results, shares fell in extended trading due to a mixed regional sales report.
Applied Materials has outperformed its market, driven by high demand for AI and high-performance computing.