Applied Materials (AMAT) Stock: China Export Restrictions Push Shares Lower Despite Earnings Beat

TLDR Applied Materials stock declined over 4% Friday after projecting lower China chipmaking equipment sales in 2026 Export restrictions prevented $110 million in Q4 shipments before temporary suspension following Trump-Xi summit Company expects $600 million fiscal 2026 revenue impact from expanded U.S. chip equipment export controls Q4 earnings of $2.17 per share on $6.8 billion [...]

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