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Applied Materials projects China revenue to grow in 2026 despite US curbs

Created at 13 Aug · 10:46 PM1 source↑ Market-relevant
IN SHORT

Applied Materials, a leading U.S. chip equipment supplier, reported record earnings and raised its 2026 revenue outlook, driven by strong AI demand. The company anticipates revenue growth in China by 2026, even amidst U.S. export restrictions.

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Key Numbers

$9.12 billionMay-July quarter revenue
2026projected China revenue growth year

Who's Involved

Applied Materials
U.S. chip equipment maker reporting record earnings
Applied Materials projects China revenue to grow in 2026 despite US curbs

↳ Why This Matters

The projection indicates that demand for AI-driven semiconductor manufacturing equipment remains strong globally, even in the face of geopolitical tensions and U.S. export controls aimed at limiting China's access to advanced technology.

Key facts

  • Applied Materials reported record revenue of $9.12 billion for the May-July quarter.
  • The company's earnings were driven by strong demand for semiconductors used in AI infrastructure.
  • Applied Materials anticipates its revenue from China will increase in 2026.
  • This projection comes despite existing U.S. export restrictions.

Applied Materials, a significant U.S. supplier of chipmaking equipment, announced record earnings for the May-July quarter, with total revenue reaching $9.12 billion. This performance was largely fueled by robust demand for semiconductors essential for the expansion of AI infrastructure. Despite ongoing U.S. export restrictions impacting China, the company projects that its revenue from China will experience growth by 2026. This outlook suggests resilience in its Chinese market presence and a continued demand for its products globally.

Frequently asked questions

Applied Materials reported a record $9.12 billion in total revenue for the May-July quarter.

The demand is primarily driven by the need for semiconductors used in building AI infrastructure.

The company projects that its revenue from China will grow in 2026.

While U.S. export curbs are in place, Applied Materials still anticipates revenue growth in China by 2026.

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Cadence

How It Developed

Applied Materials reported record earnings and revenue for the May-July quarter.
The company raised its revenue expectations for 2026.
Applied Materials projects its China revenue will grow in 2026.

Sources

T1
Applied Materials projects China revenue to grow in 2026 despite US curbsNikkei Asia

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