Reported about 23 hours ago
Applied Materials reported a lower-than-expected Q4 revenue and profit forecast, primarily due to weak demand in China and unpredictable customer orders amid tariff uncertainties, leading to a nearly 13% drop in shares during after-hours trading. The company’s CFO pointed to a decline in revenue linked to capacity absorption in China and irregular demand from key customers, while tightened export controls on advanced semiconductor equipment further complicated the situation. Despite a strong third-quarter performance, the outlook remains cautious, especially with pending export license applications.
Source: YAHOO