"While we're mindful of potential macroeconomic headwinds, semiconductor equipment demand is strengthening and the longer-term industry growth drivers remain firmly in place," Chief Executive Officer Gary Dickerson said on a post-earnings call.
Applied Materials Inc forecast fourth-quarter revenue above analysts' estimates on Thursday as demand rebounds for semiconductor equipment and services from the coronavirus-driven slump, and predicted sustained spending into 2021.
Shares of the chip industry bellwether rose more than 3% in extended trading.
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