Applied Materials flags $600 mln revenue hit in 2026 on broader chip export curbs

Chip equipment maker Applied Materials forecast a $600 million hit to fiscal 2026 revenue after the U.S. expanded its restricted export list in a blow to sectors such as semiconductors, aircraft and medical equipment.

Shares of Applied Materials fell about 3% in extended trading on Thursday after the company said in a filing the new rule would make it more difficult to export some products and supply specific parts and services to select China-based customers without a license.