Applied Materials (AMAT) Financial History

We periodically communicate our strategies and targets related to sustainability matters.

We are subject to the laws of the United States and multiple foreign jurisdictions and the rules and regulations of various governing bodies, including those related to financial and other disclosures, accounting stan…

From time to time we are, and in the future may be, involved in legal proceedings or claims regarding patent infringement, trade secret misappropriation, other intellectual property rights, trade compliance, including…

We have a significant amount of goodwill and other acquired intangible assets related to acquisitions.

101% of the principal amount, plus accrued and unpaid interest, if we experience a change of control and a contemporaneous downgrade of the notes below investment grade.

timely manner or at all, disruption to other parts of the businesses and distraction of management, allocation of internal resources that would otherwise be devoted to completing strategic acquisitions or other strate…

•the risk of litigation, government enforcement actions or claims associated with a proposed or completed transaction;

•inadequacy or ineffectiveness of an acquired company’s internal financial controls, disclosure controls and procedures, cybersecurity, privacy policies and compliance programs, trade control processes or programs, or…

•requirements imposed by government regulators in connection with their review of a transaction, including post-closing investigations of non-notified transactions, which may include, among other things, divestitures…

In the conduct of our business, we collect, use, transmit, store and otherwise process data using information technology systems, including systems owned and maintained by us or our third-party providers.

Our success depends on the protection of our technology using patents, trade secrets, copyrights and other intellectual property rights.

We are increasingly incorporating AI capabilities into the development of technologies, our business operations and our products and services.

We are exposed to risks related to the use of AI by us and our competitors.

We are a supplier to the global display industry, which has experienced considerable volatility in capital equipment investment levels, due in part to the limited number of display manufacturers, the concentrated natu…

•implement changes in our design engineering methodology to reduce material costs and cycle time and improve product life cycle management.

•accurately forecast demand, work with suppliers and meet production schedules for our products, improve our manufacturing processes and achieve cost efficiencies across product offerings; and

•improve the productivity of capital invested in research and development activities;

•differentiate our products from those of competitors, meet customers’ performance specifications, and successfully commercialize our products and achieve market acceptance;

•complete our new Equipment and Process Innovation and Commercialization Center and other major infrastructure projects on schedule and on budget, and realize the anticipated benefits of those projects;

•identify and address technology inflections, market changes, competitor innovations, new applications, customer requirements and end-use demand;

support of products in a geographically diverse and competitive environment requires collaboration with customers and other industry participants, which has grown more complex and expensive over time.

•the importance of advanced packaging to AI computing.

•the fragmentation of semiconductor markets, leading certain markets to become too small to support the cost of a new fabrication plant, while others require less technologically advanced products;

•competitive factors that make it difficult to enhance position, including total cost of manufacturing system ownership and other challenges in securing development-tool-of-record (DTOR) and production-tool-of-record…

•system reliability and productivity and the effect on demand for fabrication systems as a result of their increasing productivity, device yield and reliability;

•changes in growth rates among the semiconductor and other industries in which we operate;

•the cost and complexity for customers to move from product design to volume manufacturing, and the impact on investment in capital equipment;

•trade, regulatory, tax or government incentives impacting customers’ investment in new or expanded fabrication plants and semiconductor research and development;

•changes in demand for semiconductor chips and electronic devices, including those related to fluctuations in consumer buying patterns tied to general economic or geopolitical conditions, seasonality or the introducti…

The industries in which we operate are characterized by factors that impact demand for and the profitability of our products and services and our operating results.

We are exposed to various factors that impact the industries in which we operate, including factors specific to the semiconductor industry.

If a supplier fails to meet our requirements concerning quality, cost, intellectual property protection or other performance factors, or does not meet regulatory requirements applicable to our supply chain, we may tra…

•limited availability of critical materials and minerals, including due to Chinese government restrictions on the export of certain rare earth minerals implemented in 2025, which could be expanded in the future, and l…

•volatility in the availability and cost of parts, commodities, energy and shipping related to our products, including increased costs due to rising inflation or interest rates or other market conditions, as well as u…

•political instability, social unrest, terrorism, acts of war or other geopolitical turmoil in locations where we or our customers or suppliers have operations;

Our business depends on our timely supply of products and services to meet the changing requirements of our customers, which depends in part on the timely delivery of parts, materials and services from suppliers and c…

A relatively limited number of customers account for a substantial portion of our business.

Our investment portfolio is subject to general credit, liquidity, market and interest rate risks, which may be exacerbated by rising inflation, rising interest rates, bank failures or economic recession and the value…

These conditions make it more difficult to accurately forecast operating and financial results and make business and investment decisions.

Our business and the industries in which we operate can be impacted by uncertain or adverse economic and business conditions, including uncertainties and volatility in the financial markets, national debt, fiscal or m…

The industries in which we operate, including the global semiconductor industry, have historically been cyclical and are subject to volatility in customer demand.

We periodically communicate our strategies and targets related to sustainability matters, including greenhouse gas emissions, the sustainability of our products, diversity and inclusion, and human rights.

economic trends, reduced estimates of future cash flows, declines in the market price of our common stock, changes in our strategies or product portfolio, and restructuring activities.

Our conditional reduced tax rates in Singapore will expire in fiscal 2025, excluding potential renewal and subject to certain conditions with which we expect to comply.

income taxes and effective tax rate.

There have been a number of proposed changes in the tax laws that could have a material impact on our provision for

In the conduct of our business, we collect, use, transmit, store, and otherwise process data using information technology systems, including systems owned and maintained by us or our third-party providers.

•new materials, processes and technologies;

•qualify products for evaluation and volume manufacturing with our customers; and

•adapt to changes in value offered by companies in different parts of the supply chain;

•improve our manufacturing processes and achieve cost efficiencies across product offerings;

The display industry has experienced decreased levels of investment in display fabrication equipment.

•the dependence on a limited number of display manufacturer customers’ selection of new technologies, and their ability to successfully commercialize new products and technologies, and uncertainty with respect to futu…

•the concentration of display manufacturer customers, and fluctuations in customer spending quarter over quarter and year over year for display fabrication equipment; and

•the rate of transition to new display technologies for TVs, information technology products and mobile applications, and augmented and virtual reality applications, and the resulting effect on capital intensity in th…

•the importance of increasing market positions in products and technologies with growing demand;

•the timing and extent of an expansion of manufacturing facilities in China, which may be affected by changes in economic conditions and governmental regulations, including trade policies and export regulations;

•the increasing cost of research and development, and complexity of technology transitions and inflections, and our ability to timely and effectively anticipate and adapt to these changes;

•the importance of new types of display technologies, such as organic light-emitting diode (OLED), low temperature polysilicon (LTPS) and metal oxide transistor backplanes, flexible displays, and new touch panel films;

•the concentration of new wafer starts in Korea and Taiwan, where our service penetration and service-revenue-per-wafer-start have been lower than in other regions;

We are exposed to factors specific to the semiconductor industry.

If we do not effectively address these factors, our business and results of operations may be materially and adversely impacted.

•government incentives for local suppliers and domestic semiconductor research and development, and increased investment in manufacturing capabilities;

•price and performance trends for semiconductor devices and displays, and the impact on demand for such products;

•requirements for shorter cycle times for the development, manufacture and installation of our equipment;

•the importance of developing products with sufficient differentiation to influence customers’ purchasing decisions;

•manufacturers’ ability to reconfigure and re-use fabrication systems which can reduce demand for new equipment;

•the importance of reducing the total cost of manufacturing system ownership;

•the cost and complexity for customers to move from product design to volume manufacturing, which may slow the adoption rate of new manufacturing technology;

•the importance of establishing, improving and maintaining strong relationships with customers;

The global semiconductor, display and related industries are characterized by factors that impact demand for and the profitability of our products and services and our operating results, including:

•information technology or infrastructure failures within our operations or those of a third-party supplier or service provider, including failures caused by cybersecurity incidents; impacts of natural disasters, extr…

Cybersecurity incidents affecting our suppliers could impact our supply chain.

•uncertainties with respect to economic growth rates in various countries, including for the manufacture and sale of semiconductors and displays in the developing economies of certain countries.

•the increasing need for a mobile workforce and travel to different regions; and

•impacts of natural disasters and extreme and chronic weather events on our operations and those of our customers and suppliers, which may be exacerbated by climate change;

•service interruptions from utilities, transportation, data hosting or telecommunications providers;

•performance of geographically diverse third-party providers, including certain engineering, software development, manufacturing, information technology and other functions;

•the need to provide technical support in different locations around the world;

•fluctuations in interest rates and currency exchange rates, including the relative strength or weakness of the U.S.

•the ability to develop relationships with local customers, suppliers and governments;

•challenges in hiring and integrating workers in different countries, and in effectively managing a diverse workforce with different experience levels, languages, cultures, customs, business practices and worker expec…

•geographically diverse operations and projects, and our ability to maintain appropriate business processes, procedures and internal controls, and comply with environmental, health and safety, anti-corruption and othe…

•delays or restrictions on personnel travel and in shipping materials or products;

•the availability of raw materials, including critical materials and critical minerals, and increases and volatility of commodity, energy and shipping costs;

•interruptions to our or our suppliers’ supply chain;

•ineffective or inadequate legal protection of intellectual property rights in certain countries;

•different and changing local, regional, national or international laws and regulations, including contract, intellectual property, cybersecurity, data privacy, labor, tax, and import/export laws, and the interpretati…

•efforts to influence us to conduct more or less of our operations and sourcing in a particular country;

•political and social attitudes, laws, rules, regulations and policies within countries, including in China, the United States, and countries in Europe and Asia, that favor domestic companies over non-domestic compani…

•political instability, social unrest, terrorism, acts of war or other geopolitical turmoil, such as the conflict in the Middle East, in locations where we have operations, suppliers or sales, or that may influence th…

•positions taken by governmental agencies regarding national, commercial or security issues posed by the development, sale or export of certain products, technologies and raw materials, including critical materials an…

•global trade issues and changes in and uncertainties with respect to trade and export regulations, trade policies and sanctions, tariffs, and international trade disputes, including new and changing export regulation…

•uncertain or adverse global economic, political and business conditions and demand;

We have product development, engineering, manufacturing, sales and other operations distributed throughout many countries, and some of our business activities are concentrated in certain geographic areas.

Uncertain or adverse economic and market conditions, difficulties in obtaining capital, increased costs or reduced profitability may cause some customers to scale back operations, exit businesses, merge with other man…

Increases in demand for semiconductor chips and electronic devices have caused, and may in the future cause, a shortage of parts and materials needed to manufacture our products.

information relating to China customer shipments, export controls compliance, certain federal award applications and information submitted to the federal government.

As of October 26, 2025, we had $6.5 billion in aggregate principal amount of senior unsecured notes outstanding.

We have been granted additional conditional reduced tax rates in Singapore that expire beginning in fiscal 2030.