Applied Materials on Thursday forecast third-quarter revenue above Wall Street estimates, driven by sustained AI spending on data centers and complex chip manufacturing.
Shares of the Santa Clara, California-based company rose 6% in extended trading.
The company expects revenue of about $8.95 billion for the current quarter, above analysts' estimate of $8.09 billion.
For the second quarter ended April 26, revenue was $7.91 billion, beating estimates of $7.65 billion.
