“Beat and sell”: Cisco and Applied Materials top estimates and raise guides, yet fall about 3%–6.5% Friday; Cerebras’ strong outlook draws bids (earnings)

Financedesk view

“Beat and sell”: Cisco and Applied Materials top estimates and raise guides, yet fall about 3%–6.5% Friday; Cerebras’ strong outlook draws bids (earnings)

Cisco (CSCO) reported FY2027 Q1 revenue of about $18.52 billion (+24% YoY) and adjusted EPS of about $1.40, both above estimates, and raised full-year revenue t…

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Supply chaindesk view

Applied Materials posts record quarter: aims to double systems output by 2028 as 2027 WFE demand seen up more than 30% (Equipment)

Applied Materials reported on Nov 12–13 record fiscal fourth-quarter revenue of about $10.41 billion, up about 53% year on year, and full-year revenue of about …

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