{"id":1615348,"date":"2022-08-18T18:08:50","date_gmt":"2022-08-18T22:08:50","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1615348"},"modified":"2022-08-18T18:08:54","modified_gmt":"2022-08-18T22:08:54","slug":"applied-materials-gives-upbeat-revenue-forecast-as-chipmakers-build-capacity","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/applied-materials-gives-upbeat-revenue-forecast-as-chipmakers-build-capacity\/","title":{"rendered":"Applied Materials gives upbeat revenue forecast as chipmakers build capacity"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fapplied-materials-gives-upbeat-revenue-forecast-as-chipmakers-build-capacity%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1615348&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/oan-1.jpg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>(Reuters) -Semiconductor equipment maker Applied Materials Inc on Thursday assuaged fears of a slowdown with a strong revenue forecast as chipmakers rush to add capacity, sending its shares 4% higher in extended trading.<\/p>\n<p>The company expects current-quarter revenue of $6.65 billion, plus or minus $400 million, compared with the $6.57 billion estimated by analysts, according to Refinitiv IBES data.<\/p>\n<p>Chipmakers have been flooding Applied Materials \u2013 the largest maker of semiconductor equipment \u2013 with orders as they try to build capacity to ease a widespread supply crunch. <\/p>\n<p>But the same shortage has left the company without the components needed to make its products, while recent COVID-19 flare-ups in China have worsened the supply chain bottlenecks.<\/p>\n<p>That has forced Applied Materials to spend more on logistics, hitting its margins. In the third quarter, gross margin fell to 46% from 47.9%, pushing the profit down by 6%. <\/p>\n<p>\u201cOngoing supply chain challenges constrained our ability to meet demand, and our top priority remains increasing shipments to our customers,\u201d said Chief Executive Officer Gary Dickerson.<\/p>\n<p>Still, the company posted a record quarterly revenue of $6.52 billion, which was higher than expectations of $6.28 billion.<\/p>\n<p> (Reporting by Chavi Mehta and Tiyashi Datta in Bengaluru; Editing by Aditya Soni)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -Semiconductor equipment maker Applied Materials Inc on Thursday assuaged fears of a slowdown with a strong revenue forecast as chipmakers rush to add capacity, sending its shares 4% higher<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1615348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1615348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1615348"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1615348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1615348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1615348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1615348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}