APPLIED MATERIALS INC /DE (AMAT) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that APPLIED MATERIALS INC /DE surfaced in its latest filing.

• In the three-month period ended April 26, 2026, approximately 88% of our revenue was from customers in regions outside the United States.April 26, 2026
• On February 11, 2026, entered into a settlement agreement with BIS and agreed to pay $253 million, conduct internal audits, and maintain export compliance training.February 11, 2026
• In 2025 the Chinese government implemented export controls on rare earth minerals used in certain of our products and may implement additional controls in the future.2025
• U.S. government announced additional export regulations for semiconductor technology sold in China, including wafer fabrication equipment and related parts and services.
• U.S. Department of Commerce expanded export license requirements for sales to entities in China supporting military end uses, eliminated certain export license exceptions for exports to China, added certain Chinese companies to its Entity List, and expanded licensing requirements for exports to China for items used in development or production of integrated circuits.
• Global minimum tax laws materially increase foreign taxes beginning in the first quarter of fiscal 2026.first quarter of fiscal 2026
• The One Big Beautiful Bill Act contains provisions that have had and may in the future have a detrimental impact on our ability to use certain deferred tax assets, including our corporate alternative minimum tax credit deferred tax asset.
• Additional conditional reduced tax rates granted in Singapore expire beginning in fiscal 2030 and may not be renewed.fiscal 2030
• We have $6.5 billion of senior unsecured notes outstanding as of April 26, 2026. We may be required to offer to repurchase the notes at 101% of principal plus accrued and unpaid interest upon a change of control and contemporaneous downgrade of the notes below investment grade.April 26, 2026
• We have revolving credit facilities allowing us to borrow up to approximately $4.1 billion. A default under our debt obligations or covenants may accelerate borrowings and may constitute a default under our other obligations.
• We are or may become subject to the State of California’s climate change disclosure rules, the European Union’s Corporate Sustainability Reporting Directive, and International Sustainability Standards Board standards.