{
  "id": 19708831,
  "title": "Applied Materials forecasts quarterly revenue above estimates on strong AI chip demand",
  "url": "https://urgent.news/2026/11/12/applied-materials-forecasts-quarterly-revenue-above-estimates-on-19708831",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-12T21:07:25.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/applied-materials-forecasts-quarterly-revenue-above-estimates-strong-ai-chip-demand-6547501"
  },
  "original_language": "en",
  "account": "Applied Materials anticipates first-quarter revenue surpassing Wall Street forecasts, driven by robust demand for AI chips, according to a report on November 12. The Santa Clara, California-based firm's shares rose 3% in extended trading following the forecast. The company, which provides equipment for critical wafer-fabrication processes, anticipates quarterly revenue of approximately $11.10 billion, with a margin of error of $500 million. This outlook contrasts with analysts' average estimate of $10.89 billion. In the previous quarter, Applied Materials reported revenue of $10.41 billion, outperforming analysts' average estimate of $10.30 billion.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}