Applied Materials Says U.S. Commerce Dept Expands Export Restrictions; Expects BIS Affiliates Rule To Further Export Restrictions To China; BIS Rule Expected To Reduce Fiscal 2026 Revenue By $600M; BIS Affiliates Rule Expected To Reduce Q4 Revenue...

-4.04%

Applied Materials, Inc.

AMAT

259.21

-4.04%

On September 29, 2025, the U.S. Department of Commerce's Bureau of Industry and Security issued a new rule that expands the list of companies subject to U.S. export restrictions (the "BIS Affiliates Rule"). Applied Materials, Inc. ("Applied") expects that the BIS Affiliates Rule will further restrict its ability to export certain products and provide certain parts and services to specific China-based customers without a license.

Applied currently estimates that the impact of the BIS Affiliates Rule will reduce its net revenue for the fourth quarter of fiscal 2025 by approximately $110 million. In addition, Applied currently expects that the impact of the BIS Affiliates Rule will reduce its net revenue for fiscal 2026 by approximately $600 million.

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