BUZZ-Applied Materials falls after flagging $600 mln revenue hit in 2026

Reuters
Oct 03
BUZZ-<a href="https://laohu8.com/S/AMAT">Applied</a> Materials falls after flagging $600 mln revenue hit in 2026

** Shares of chip equipment maker Applied Materials AMAT.O down 3.25% at $216.3 in premarket trading

** Co flags $600 mln revenue hit in fiscal 2026, on broader chip export curbs

** The U.S. Department of Commerce on Monday widened the export blacklist to include majority-owned subsidiaries of listed companies, cracking down on companies in China and other countries that use units and affiliates to circumvent certain U.S. export curbs

** AMAT says 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

** Co also expects an impact of about $110 million on Q4 revenue

** Shares of peer Lam Research LRCX.O down 1.5%

** AMAT stock up 37.5% YTD

(Reporting by Joel Jose in Bengaluru)

(( Joeljose@thomsonreuters.com;))

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