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Applied Materials Predicts $600M Loss Amid China Chip Controls

11/15/2025

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Summary

Story summary

Applied Materials, Inc., a U.S. semiconductor equipment maker, expects China chipmaking spending to fall in 2026 due to export controls.
The restrictions would cost $600 million in revenue and block $110 million in shipments.
The company reported Q4 earnings of $2.17 per share on $6.8 billion in revenue and projected $6.85 billion for the next quarter, and the stock fell over 4%.

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Story summary

Applied Materials, Inc., a U.S. semiconductor equipment maker, expects China chipmaking spending to fall in 2026 due to export controls.
The restrictions would cost $600 million in revenue and block $110 million in shipments.
The company reported Q4 earnings of $2.17 per share on $6.8 billion in revenue and projected $6.85 billion for the next quarter, and the stock fell over 4%.