Applied Materials forecasts strong semiconductor recovery. The chipmaking equipment giant projects Q3 revenue of $8.95 billion and non-GAAP earnings per share of $3.36, signaling robust demand ahead. Management expects semiconductor equipment industry growth exceeding 30 percent in 2026, reflecting accelerating AI infrastructure investments and data center expansion globally. The company just delivered record Q2 revenue and earnings with gross margins hitting their highest level in over 25 years, demonstrating pricing power and operational excellence during a pivotal industry cycle. This guidance underscores strengthening fundamentals across semiconductor manufacturing as companies race to build AI capacity and upgrade production capabilities.
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