Prediction: Applied Materials Books Its First $10 Billion Quarter This Fall
The company's own forecast leaves room to miss the milestone. I don't expect that to happen.
Overview
Applied Materials (NASDAQ:AMAT) has never generated $10 billion of revenue in a single quarter. Management expects the current one (the chip-equipment maker's fiscal fourth quarter of 2026, which runs through late October) to be the first. Alongside its fiscal third-quarter report last month, the company put a midpoint of $10.25 billion on fourth-quarter revenue, plus or minus $500 million, about 51% above the year-ago period.
But the milestone isn't a formality. That guidance range bottoms out at $9.75 billion, so management's own forecast leaves room to fall short of the mark.
Details
And shares trade around $462 as of this writing, down about 38% from their 52-week high of $739.67. Plenty of investors, it seems, still doubt how long growth like this can last.
Source
Originally published at www.fool.com.