Applied Materials Reports Higher Profit as AI Demand Continues
Listen to the story
Applied Materials shared its money results for the third part of 2026. The company makes machines for computer chips. It said profit and money from sales both went up. The reason is strong demand for artificial intelligence, or AI.
Applied Materials also told people what it thinks will happen next. This is called a forecast. But people who buy and sell stocks did not feel excited about it. The company's stock price had gone up a lot before this news. So the forecast felt small, or tepid, to them.
Chip machines from Applied Materials help make parts for phones, computers, and AI systems. More AI use means more need for these chips. This has helped the company sell more and earn more money.
Vocabulary15 words
- profit
- money a company keeps after all costs
- revenue
- all the money a company gets from sales
- AI
- computer systems that can think and learn like humans
- forecast
- a guess about what will happen in the future
- tepid
- not very excited or strong
- stock
- a small part of a company that people can buy
- rally
- a fast rise in price
- demand
- how much people want to buy something
- chip
- a small part inside computers that helps them work
- quarter
- three months of the year
- investor
- a person who puts money into a company
- company
- a business that sells things or services
- results
- the numbers that show how a company did
- sales
- when a company sells things to people
- machines
- tools that help make or build things
Quiz
Answer key
1. Higher profit and revenue 2. Demand for AI 3. With a tepid, or weak, reaction
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Applied Materials shared its money results for the third part of 2026. The company makes _____ for computer chips. It said _____ and money from sales both went up. The reason is strong _____ for artificial intelligence, or AI.
Applied Materials also told people what it thinks will happen next. This is called a _____. But people who buy and sell _____ did not feel excited about it. The company's stock price had gone up a lot before this news. So the forecast felt small, or _____, to them.
Chip machines from Applied Materials help make parts for phones, computers, and AI systems. More AI use means more need for these _____. This has helped the company sell more and earn more money.
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