Applied Materials (AMAT) forecasts third-quarter revenue above estimates on AI chip-equipment demand

Applied Materials Inc. (AMAT) on May 14, 2026, forecast fiscal third-quarter revenue above Wall Street estimates, citing sustained demand for chip-making equipment tied to data center and artificial intelligence infrastructure spending. The company expects revenue of about $8.95 billion, plus or minus $500 million, for the current quarter. Analysts polled by LSEG expected $8.09 billion.