secwatch.observer — SEC 8-K summary
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Issuer:     APPLIED MATERIALS INC /DE (AMAT)
CIK:        0000006951
Form:       8-K
Filed at:   2022-10-12T23:59:59+00:00
Accession:  0001193125-22-261327
Event type: regulatory
Sentiment:  negative
Materiality: 0.90
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Materials cuts Q4 revenue guide ~$400M on new China export rules; discloses subpoena
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- Q4 revenue outlook lowered to ~$6.4B from prior ~$6.65B; $400M reduction due to US export regulations on China.
- Non-GAAP EPS revised to $1.54-$1.78 from $1.82-$2.18; includes ~$0.23 inventory/remanufacturing charges.
- Fiscal Q1 2023 expected to see similar net sales impact from the new regulations.
- Subpoena from US Attorney's Office (MA) regarding certain China customer shipments; company cooperating.
- Pursuing additional export licenses and authorizations where needed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6951/000119312522261327/0001193125-22-261327-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6951/000119312522261327/d370937d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-261327

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