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Applied Materials Faces Revenue Hit Amid China Export Rules

10/3/2025

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Summary

Story summary

Applied Materials, Inc. (AMAT) stock fell 3.46% after U.S. export rules targeting China, though it is up 39% year-to-date.
BIS rules may cut Q4 FY2025 revenue by $110 million and FY2026 by $600 million.
The rules restrict exports to foreign affiliates of U.S. Entity List companies, complicating AMAT's China operations.
Analysts expect AMAT to stay within guided ranges despite headwinds.

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Story summary

Applied Materials, Inc. (AMAT) stock fell 3.46% after U.S. export rules targeting China, though it is up 39% year-to-date.
BIS rules may cut Q4 FY2025 revenue by $110 million and FY2026 by $600 million.
The rules restrict exports to foreign affiliates of U.S. Entity List companies, complicating AMAT's China operations.
Analysts expect AMAT to stay within guided ranges despite headwinds.