Chief Financial Officer Brice Hill said the company was “taking into account export control related headwinds.” China makes up roughly a third of the company’s sales, and stricter trade curbs from the US have made it harder to sell in that country.
Applied Materials Inc, the largest US maker of chip-manufacturing equipment, gave a lukewarm revenue forecast for the current period, citing the risk of export controls crimping its business.
Sales will be about US$7.1 billion in the fiscal second quarter, which runs through April, the company said in a statement Thursday. That compares with an average Wall Street estimate of US$7.22 billion. Profit will be US$2.30 a share, Applied Materials said, in line with projections.
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