Applied Materials Lifts Growth Outlook Toward Nearly 40% on AI Demand
Applied Materials has raised its expected growth rate, moving from projections of more than 20% in February to more than 30% in May and toward nearly 40%. Management points to data-center AI as the key driver, with leading-edge logic, DRAM and advanced packaging supporting about 80% of wafer fab equipment growth. The company expects a similar mix in 2027, is applying AI to services, and reports strong year-over-year services growth and improved margins.