#applied materials Tech News.
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Applied Materials reported Q3 revenue up 25% year over year to $9.12B, beating the $8.99B estimate. Net income rose 43% to $2.54B. The company forecasts Q4 revenue above estimates and is ramping manufacturing capacity for semiconductor demand.
Applied Materials reported higher profit and revenue, driven by continued demand for AI-related semiconductor equipment. The company's financial results reflect sustained strength in the AI chip manufacturing market.
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