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U.S. Sanctions Cut Huawei’s Revenue for Fourth Straight Quarter

U.S. Sanctions Cut Huawei’s Revenue for Fourth Straight Quarter

HONG KONG—Huawei Technologies Co. said its revenue fell 38% in the most recent quarter, as U.S. restrictions on its access to global chip supplies continued to take a toll on the Chinese company.

Revenue at Huawei, the world’s largest maker of telecommunications equipment, fell 38% to 135.4 billion yuan, or about $21.2 billion, from a year ago in the three months to Sept. 30, according to calculations based on figures disclosed Friday. It marked the fourth straight quarter of sliding revenue at the Shenzhen-based technology giant, though the pace of the decline held steady with the previous quarter.

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