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Chip equipment giant Applied Materials has issued a warning for its fourth-quarter earnings, citing weak demand, which has sent its share price tumbling by almost 14% in pre-market trading. The company emphasized that the dynamic policy environment has exerted a wide-ranging influence on the semiconductor industry. Applied Materials now anticipates fourth-quarter revenue to be $6.7 billion, with a margin of $500 million, falling short of analysts' average estimate of $7.33 billion. Nevertheless, the company's third-quarter revenue surged 8% year-on-year to $7.3 billion, surpassing expectations. Some analysts opine that the fluctuations in orders primarily stem from timing issues in spending rather than indicating a deeper structural problem.
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