Applied Materials (AMAT) risk factors: FY2025 10-K

1. The industries we serve can be volatile and difficult to predict.
2. We are exposed to risks associated with an uncertain global economy.
3. We are exposed to the risks of operating a global business.
4. Global trade issues and changes in and uncertainties with respect to trade policies and export regulations, including import and export license requirements, trade sanctions, tariffs and international trade disputes, have adversely impacted and could further adversely impact our business and operations, and reduce the competitiveness of our products and services relative to local and global competitors.Tariffs
5. We are exposed to risks and uncertainty related to changes in trade policies, and increased tariffs and trade disputes.newTariffs
6. We are exposed to risks associated with a highly concentrated customer base.
7. Supply chain disruptions, manufacturing interruptions or delays, or the failure to accurately forecast customer demand, could affect our ability to meet customer demand, lead to higher costs, or result in excess or obsolete inventory.
8. We are exposed to various factors that impact the industries in which we operate, including factors specific to the semiconductor industry.reworded
9. The industries in which we operate are highly competitive and subject to rapid technological and market changes.
10. We are exposed to risks related to government incentives and other agreements that may involve government entities.
11. We are exposed to factors specific to the display industry.
12. We are exposed to risks associated with expanding into new and related markets and industries.
13. We are exposed to risks related to the use of AI by us and our competitors.rewordedAI

Read these in Item 1A · See the changes

1. We are exposed to risks related to protection and enforcement of intellectual property rights.
2. We are exposed to cybersecurity threats and incidents.Cybersecurity
3. We are exposed to risks associated with business combinations, acquisitions, strategic investments and divestitures.
4. The ability to attract, retain and motivate key employees is vital to our success.
5. We operate in jurisdictions with complex and changing tax laws.
6. Our indebtedness and debt covenants could adversely affect our financial condition and business.
7. Our business depends on the successful implementation and proper functioning of information systems we use.
8. We may incur impairment charges related to goodwill or long-lived assets.
9. We may not continue to declare cash dividends or repurchase our shares.

Read these in Item 1A · See the changes

1. We are exposed to risks related to legal proceedings, claims and investigations.
2. We are exposed to risks related to the global regulatory environment.
3. Implementation and reporting on our sustainability strategies and targets could result in additional costs, and our inability to achieve them could have an adverse impact on our reputation and performance.
4. We are subject to risks associated with environmental, health and safety regulations.

Read these in Item 1A · See the changes

Headings in the FY2024 10-K with no match this year.

1. We are exposed to factors specific to the semiconductor industry.