Applied Materials reported fiscal third-quarter revenue ending in July 2026 of nearly $9 billion, up roughly 25% from a year earlier and broadly in line with analyst expectations of about $9.04 billion. The company also raised its revenue and profit forecasts for calendar 2026 and 2027, signaling confidence that chip industry demand will extend beyond the current AI-led spending cycle. Earlier guidance issued in May had pointed to Q3 revenue of $8.95 billion, plus or minus $500 million, and non-GAAP earnings per share of $3.36, plus or minus $0.20, compared with EPS expectations around $3.40. Applied Materials also lifted its 2026 semiconductor equipment growth outlook to more than 30% from around 20%. The company sells the deposition, etching and inspection tools used by chipmakers including TSMC, Samsung and Intel, positioning it to benefit from rising semiconductor capital expenditure (industry spending on chipmaking tools and plants) tied to AI infrastructure. Analysts said margins are at their highest level in 25 years, though the company remains exposed to China demand and to potential changes in export controls and trade policy.