Core Viewpoint - Applied Materials forecasts second-quarter revenue and profit above market estimates, driven by demand for AI processors and a global memory shortage [1][2] Group 1: Financial Performance - The company expects second-quarter sales of approximately $7.65 billion, with a margin of plus or minus $500 million, compared to market estimates of $7.01 billion [2] - Applied Materials reported first-quarter revenue of $7.01 billion, exceeding estimates of $6.87 billion, with record DRAM sales year-on-year [6] - The first-quarter profit was reported at $2.38 per share, excluding items, surpassing analyst expectations of $2.20 per share [8] Group 2: Market Drivers - The rapid expansion of AI infrastructure is significantly boosting demand for chipmaking equipment, which is a major driver for Applied Materials [1][2] - The need for higher performance and energy-efficient chips is leading to high growth rates in leading-edge logic, high-bandwidth memory, and advanced packaging [3] - Memory and logic-foundry capital expenditure growth are both significant, with memory being a greater growth driver in the near term [4] Group 3: Future Outlook - Applied Materials anticipates that DRAM will be its fastest-growing segment by 2026, alongside 3D chiplet stacking technology used in AI processors [5] - The company forecasts an adjusted profit of about $2.64 per share for the second quarter, with a margin of plus or minus 20 cents, compared to estimates of $2.28 [3]