Applied Materials Inc.: 10-K Risk Factor Changes

2023 vs 2022 · SEC EDGAR · 2026-05-22

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The summary below was generated by an AI language model and may contain errors or omissions. All other content on this page is deterministically extracted from the original SEC EDGAR filing.

Applied Materials removed four risks primarily related to COVID-19 pandemic impacts and transaction-specific charges, while adding three new risks focused on capital allocation decisions and margin pressures. The company substantially revised 33 risk disclosures, with the most significant modifications addressing market-specific exposures in semiconductors and displays, regulatory environment changes, M&A risks, and segment-level operational challenges. This shift reflects Applied Materials' transition from pandemic-related uncertainties toward risks centered on industry dynamics, competitive positioning, and financial performance management.

✓ Deterministic extraction — no AI-generated data

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

New Risks

Removed

Modified

Unchanged

🟢 New in Current Filing

We may not continue to declare cash dividends or repurchase our shares.

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Our ability to continue to pay quarterly dividends and to repurchase our shares is subject to capital availability and periodic determinations by our Board of Directors that cash dividends and share repurchases are in the best interest of our stockholders and are in compliance with applicable laws and agreements. Future dividends and share repurchases may be affected by, among other factors, our cash flow; potential future capital requirements for investments, acquisitions, infrastructure projects, and research and development; changes in applicable tax, corporate, or other laws; contractual restrictions, such as financial or operating covenants in our debt arrangements; and changes to our business model. Our dividend payments and share repurchases may change from time to time, and we cannot provide assurance that we will continue to declare dividends or repurchase shares in any particular amounts or at all. A reduction or suspension in our dividend payments or share repurchases could have a negative effect on the price of our common stock.

🟢 New in Current Filing the Programs* 🔒

🟢 New in Current Filing Gross Margin 🔒

🔴 No Match in Current Filing The continued effects of the COVID-19 pandemic and global measures taken in response have adversely impacted, and may continue to adversely impact, Applied’s operations and financial results. 🔒

🔴 No Match in Current Filing Introduction 🔒

🔴 No Match in Current Filing Severance and Related Charges 🔒

🔴 No Match in Current Filing Deal Termination Fee 🔒

🟡 Modified Marketing and Selling 🔒

🟡 Modified We are exposed to risks associated with business combinations, acquisitions, strategic investments and divestitures. 🔒

🟡 Modified We are exposed to risks associated with expanding into new and related markets and industries. 🔒

🟡 Modified We are exposed to risks related to the global regulatory environment. 🔒

🟡 Modified We are exposed to ongoing changes specific to the display industry. 🔒

🟡 Modified We are exposed to ongoing changes specific to the semiconductor industry. 🔒

🟡 Modified Applied Global Services Segment 🔒

🟡 Modified We are exposed to risks associated with an uncertain global economy. 🔒

🟡 Modified General and Administrative 🔒

🟡 Modified We are exposed to the risks of operating a global business. 🔒

🟡 Modified 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. 🔒

🟡 Modified Research, Development and Engineering 🔒

🟡 Modified Market Information 🔒

🟡 Modified The failure to successfully implement enterprise resource planning and other information systems changes could adversely impact our business and operating results. 🔒

🟡 Modified The industries in which we operate are highly competitive and subject to rapid technological and market changes. 🔒

🟡 Modified We are subject to risks associated with environmental, health and safety regulations. 🔒

🟡 Modified We are exposed to risks associated with a highly concentrated customer base. 🔒

🟡 Modified We are exposed to cybersecurity threats and incidents. 🔒

🟡 Modified We are exposed to risks related to protection and enforcement of intellectual property rights. 🔒

🟡 Modified Our environmental, social and governance strategies and targets could result in additional costs, and our inability to achieve them could have an adverse impact on our reputation and performance. 🔒

🟡 Modified Interest Expense and Interest and Other Income (expense), net 🔒

🟡 Modified We are exposed to risks related to legal proceedings, claims and investigations. 🔒

🟡 Modified The ability to attract, retain and motivate key employees is vital to our success. 🔒

🟡 Modified Our indebtedness and debt covenants could adversely affect our financial condition and business. 🔒

🟡 Modified We are exposed to ongoing changes in the various industries in which we operate. 🔒

🟡 Modified Introduction 🔒

🟡 Modified We operate in jurisdictions with complex and changing tax laws. 🔒

🟡 Modified Results of Operations 🔒

🟡 Modified Semiconductor Systems Segment 🔒

🟡 Modified Performance Graph 🔒

🟡 Modified Income Taxes 🔒

🟡 Modified The industries we serve can be volatile and difficult to predict. 🔒

🟡 Modified Issuer Purchases of Equity Securities 🔒

39 more changes in this filing

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