Applied Materials Inc., the largest U.S. maker of chip-manufacturing equipment, reported mixed second-quarter results. The company posted earnings of $2.39 per share, beating Wall Street’s consensus estimate by $0.08, while revenue reached $7.1 billion, slightly below the expected $7.13 billion. Net profit for the quarter was $2.13 billion, up from $1.72 billion a year earlier. The revenue miss was attributed to weaker-than-expected sales in its largest segment, amid ongoing uncertainties related to U.S. export curbs and trade tensions with China, which remains the company’s largest market. Despite these challenges, CEO Gary Dickerson stated that customer demand remains unchanged, with continued investments in AI-driven semiconductor products. For the upcoming quarter, Applied Materials issued a cautious outlook, guiding for revenue of $7.2 billion at the midpoint and Q3 EPS in-line with expectations. The company’s shares declined more than 4% in pre-market trading and over 5% after-hours following the announcement. Analyst price targets for Applied Materials currently range from $160 to $210.