U.S. VICE PRESIDENT JD VANCE SAYS THE FIRST GOAL IN THE WAR WITH IRAN IS KEEPING THE PRICE OF OIL AND GASOLINE CHEAP FOR AMERICANS, IN A PRE-RECORDED INTERVIEW ON FOX NEWS, ADDING THAT THE U.S. HAS 'A LOT OF TOOLS AT OUR DISPOSAL TO COMPEL ACTION' FROM IRAN SubscribeEarnings News on a Ticker List Applied Materials Forecast Gets Tepid Reaction After Stock Rally Summary by Bloomberg AI Applied Materials Inc. delivered an estimate-beating forecast, with revenue expected to be approximately $10.3 billion in the fiscal fourth quarter. The company's shares fell about 3% in late trading after the results were released, a sign of the lofty hopes surrounding the company. Applied Materials makes tools used for dynamic random access memory, or DRAM, a key component in the high-bandwidth memory used by AI accelerators. By Dina Bass (Bloomberg) -- Applied Materials Inc. delivered an estimate-beating forecast that still got a lukewarm reaction from investors, a sign of the lofty hopes surrounding a company that’s key to the AI boom. Revenue will be approximately $10.3 billion in the fiscal fourth quarter, which runs through October, Applied Materials said in a statement Thursday. Though analysts estimated $9.62 billion on average, some projections were closer to $10 billion, according to data compiled by Bloomberg. Investors have embraced Applied Materials this year, betting that it will be a key winner in the AI economy. The company is the biggest US maker of chip equipment, making it central to a surge in demand for semiconductors. But after a rally that more than doubled the stock price, it’s now harder for Applied Materials to meet expectations. The shares fell about 3% in late trading after the results were released. Last month, Applied Materials rival KLA Corp. also suffered a stock decline in the wake of its results. The results generally met analysts’ estimates, but missed on free cash flow. Applied Materials is a barometer for chip-industry health because semiconductor makers buy its gear when they need to ramp up production. As the industry confronts shortages of memory chips and other components, Applied Materials customers such as SK Hynix Inc. and Micron Technology Inc. are racing to build new manufacturing facilities. Applied Materials, based in Santa Clara, California, makes tools used for dynamic random access memory, or DRAM. That’s the key component in the high-bandwidth memory used by AI accelerators, the chips from Nvidia Corp. and others that help train artificial intelligence software. Earnings will be $4.02 a share in the fourth quarter, excluding some items, the company said. That compared with a projection of $3.72. Sales rose 25% to $9.12 billion in the third quarter, which ended July 26. Earnings increased to $3.50 a share, excluding certain items. Analysts had projected revenue of $9 billion and profit of $3.42 a share.To contact the reporter on this story: Dina Bass in Seattle at [email protected] To contact the editors responsible for this story: Lynn Doan at [email protected] Nick Turner, Andrew Pollack AMAT US Equity Graphic Dashboard » Securities Applied Materials IncAMAT USRecommended Stories Applied Materials Report to Show Strong AI Tailwind: Preview (1) BFW 08/12Lenovo’s AI-Driven Revenue Boost Sends Stock to New Record (1) BN 08/13Tencent’s Shares Slide After AI Cost Concerns Overshadow Growth BN 08/13Cisco Shares Climb After Encouraging Results and Forecast (1) BFW 08/13JD.com Logs First Sales Fall in Latest Sign of Consumer Malaise BN 08/13Cisco Falls on Tepid AI Outlook, Margin Weakness: Street Wrap BFW 08/13Topics More ERNBFWFirst Word Earnings NewsITSVCComputer, Info Tech ServicesTECTechnologySEQSemiconductor EquipmentCPRComputersESTEarnings Estimates

U.S. VICE PRESIDENT JD VANCE SAYS THE FIRST GOAL IN THE WAR WITH IRAN IS KEEPING THE PRICE OF OIL AND GASOLINE CHEAP FOR AMERICANS, IN A PRE-RECORDED INTERVIEW ON FOX NEWS, ADDING THAT THE U.S. HAS 'A LOT OF TOOLS AT OUR DISPOSAL TO COMPEL ACTION' FROM IRAN SubscribeEarnings News on a Ticker List Applied Materials Forecast Gets Tepid Reaction After Stock Rally Summary by Bloomberg AI Applied Materials Inc. delivered an estimate-beating forecast, with revenue expected to be approximately $10.3 billion in the fiscal fourth quarter. The company's shares fell about 3% in late trading after the results were released, a sign of the lofty hopes surrounding the company. Applied Materials makes tools used for dynamic random access memory, or DRAM, a key component in the high-bandwidth memory used by AI accelerators. By Dina Bass (Bloomberg) -- Applied Materials Inc. delivered an estimate-beating forecast that still got a lukewarm reaction from investors, a sign of the lofty hopes surrounding a company that’s key to the AI boom. Revenue will be approximately $10.3 billion in the fiscal fourth quarter, which runs through October, Applied Materials said in a statement Thursday. Though analysts estimated $9.62 billion on average, some projections were closer to $10 billion, according to data compiled by Bloomberg. Investors have embraced Applied Materials this year, betting that it will be a key winner in the AI economy. The company is the biggest US maker of chip equipment, making it central to a surge in demand for semiconductors. But after a rally that more than doubled the stock price, it’s now harder for Applied Materials to meet expectations. The shares fell about 3% in late trading after the results were released. Last month, Applied Materials rival KLA Corp. also suffered a stock decline in the wake of its results. The results generally met analysts’ estimates, but missed on free cash flow. Applied Materials is a barometer for chip-industry health because semiconductor makers buy its gear when they need to ramp up production. As the industry confronts shortages of memory chips and other components, Applied Materials customers such as SK Hynix Inc. and Micron Technology Inc. are racing to build new manufacturing facilities. Applied Materials, based in Santa Clara, California, makes tools used for dynamic random access memory, or DRAM. That’s the key component in the high-bandwidth memory used by AI accelerators, the chips from Nvidia Corp. and others that help train artificial intelligence software. Earnings will be $4.02 a share in the fourth quarter, excluding some items, the company said. That compared with a projection of $3.72. Sales rose 25% to $9.12 billion in the third quarter, which ended July 26. Earnings increased to $3.50 a share, excluding certain items. Analysts had projected revenue of $9 billion and profit of $3.42 a share.To contact the reporter on this story: Dina Bass in Seattle at [email protected] To contact the editors responsible for this story: Lynn Doan at [email protected] Nick Turner, Andrew Pollack AMAT US Equity Graphic Dashboard » Securities Applied Materials IncAMAT USRecommended Stories Applied Materials Report to Show Strong AI Tailwind: Preview (1) BFW 08/12Lenovo’s AI-Driven Revenue Boost Sends Stock to New Record (1) BN 08/13Tencent’s Shares Slide After AI Cost Concerns Overshadow Growth BN 08/13Cisco Shares Climb After Encouraging Results and Forecast (1) BFW 08/13JD.com Logs First Sales Fall in Latest Sign of Consumer Malaise BN 08/13Cisco Falls on Tepid AI Outlook, Margin Weakness: Street Wrap BFW 08/13Topics More ERNBFWFirst Word Earnings NewsITSVCComputer, Info Tech ServicesTECTechnologySEQSemiconductor EquipmentCPRComputersESTEarnings Estimates

Source:https://x.com/FirstSquawk/status/2087999428678570312