unit sales / recurring service fees

negotiated / tiered

48.7% Gross Margin (Strong (40-60%))

product sales / services / licensing

direct sales force

enterprise

institutional / government

manufacturer / capital equipment supplier

services provider

High

37.8% OpEx / Revenue (High Cost Structure)

international (primarily Asia-Pacific)

Medium

Low

No

High

Moderate

Moderate

Partial

High

25.5% Return on Assets (Strong)

Cyclical

Moderate

0.27x Total Debt / Equity (Conservative)

Low intensity; China's 2023-2025 export-licensing regime on gallium, germanium, antimony, and rare-earth magnet materials — merely suspended for US-bound shipments until the November 2026 cliff, with licensing still in force — combined with advanced-node wafer fabrication concentrated in Taiwan, makes single-jurisdiction supply cutoff rather than commodity price the sector's binding 2026 chokepoint.

19.5% OpEx as % Revenue (Moderately Scalable)

N-A

High

["11-0000 Management Occupations", "13-0000 Business and Financial Operations Occupations", "15-0000 Computer and Mathematical Occupations", "17-0000 Architecture and Engineering Occupations", "23-0000 Legal Occupations", "41-0000 Sales and Related Occupations", "43-0000 Office and Administrative Support Occupations"]

0.34 (HIL — ~34% of characteristic roles agent-automatable)

Low intensity; commodities: silicon (polysilicon/wafers), copper, gold, aluminum, rare earth elements (NdPr magnets), gallium/germanium, tin (solder); geopolitical: China's 2023-2025 export-licensing regime on gallium, germanium, antimony, and rare-earth magnet materials — merely suspended for US-bound shipments until the November 2026 cliff, with licensing still in force — combined with advanced-node wafer fabrication concentrated in Taiwan, makes single-jurisdiction supply cutoff rather than commodity price the sector's binding 2026 chokepoint.

Medium burden; regimes: FTC, DOJ, GDPR, FCC, CFIUS, SEC; Antitrust breakup risk and cross-border data sovereignty rules are escalating.

0000006951

AMAT

8.0% CapEx / Revenue (Moderate-CapEx)

Moderate

active_enforcement_matters,antitrust_exposure_flag,business_model_type_primary,business_model_type_secondary,capital_return_posture,channel_inventory_exposure,churn_vulnerability_index,currency_risk_exposure,customer_acquisition_metric,customer_segment_primary,customer_segment_secondary,cyber_framework_alignment,cyber_incident_materiality,cyber_oversight_body,data_sovereignty_risk,employee_headcount,franchise_compliance_risk,geographic_footprint,geopolitical_supply_exposure,headcount_cost_structure,hedging_program_scope,howey_test_risk_index,interest_rate_sensitivity,international_expansion_readiness,key_person_dependency,liquidity_sufficiency_assertion,marginal_cost_of_growth,market_structure,monetization_vector,named_competitors,network_effect_present,pricing_architecture,pricing_power_rating,product_revenue_concentration,purchase_commitment_rigidity,recession_resistance_tier,regulatory_burden_tier,revenue_model_type,seasonality_pattern,supply_chain_dependency,switching_cost_profile,trade_restriction_exposure,vendor_lock_dependency_score

0

36

-286588

2026-09-08

2026-10-03T13:39|activist_13d_count_1y,activist_last_13d_date,blockholder_13g_count_1y,insider_buys_6m,insider_last_transaction_date,insider_net_shares_6m,insider_sells_6m

36,500; 46% Asia-Pacific, 42% North America, 12% Europe/Middle East

Moderate

Fragmented

Semiconductor Systems = 73% of revenue

Dividend+Buyback; FY2025: $4.9B buyback + $1.4B dividends

High; export controls to China limiting certain product sales

Affirmed

None-direct

Yes; U.S. Department of Justice, Commerce Department Bureau of Industry and Security, and SEC

Moderate; $10.6B purchase obligations disclosed

No

NIST CSF

Audit Committee; full Board

Moderate; Japanese yen, Israeli shekel, euro, Taiwanese dollar operations

FX forwards and options on non-U.S. dollar revenues/expenses (24-month horizon); non-speculative only; no commodity hedging disclosed

0

2

none in window

unit sales / recurring service fees

negotiated / tiered

48.7% Gross Margin (Strong (40-60%))

product sales / services / licensing

direct sales force

enterprise

institutional / government

manufacturer / capital equipment supplier

services provider

High

37.8% OpEx / Revenue (High Cost Structure)

international (primarily Asia-Pacific)

Medium

Low

No

High

Moderate

Moderate

Partial

High

25.5% Return on Assets (Strong)

Cyclical

Moderate

0.27x Total Debt / Equity (Conservative)

Low intensity; China's 2023-2025 export-licensing regime on gallium, germanium, antimony, and rare-earth magnet materials — merely suspended for US-bound shipments until the November 2026 cliff, with licensing still in force — combined with advanced-node wafer fabrication concentrated in Taiwan, makes single-jurisdiction supply cutoff rather than commodity price the sector's binding 2026 chokepoint.

19.5% OpEx as % Revenue (Moderately Scalable)

N-A

High

["11-0000 Management Occupations", "13-0000 Business and Financial Operations Occupations", "15-0000 Computer and Mathematical Occupations", "17-0000 Architecture and Engineering Occupations", "23-0000 Legal Occupations", "41-0000 Sales and Related Occupations", "43-0000 Office and Administrative Support Occupations"]

0.34 (HIL — ~34% of characteristic roles agent-automatable)

Low intensity; commodities: silicon (polysilicon/wafers), copper, gold, aluminum, rare earth elements (NdPr magnets), gallium/germanium, tin (solder); geopolitical: China's 2023-2025 export-licensing regime on gallium, germanium, antimony, and rare-earth magnet materials — merely suspended for US-bound shipments until the November 2026 cliff, with licensing still in force — combined with advanced-node wafer fabrication concentrated in Taiwan, makes single-jurisdiction supply cutoff rather than commodity price the sector's binding 2026 chokepoint.

Medium burden; regimes: FTC, DOJ, GDPR, FCC, CFIUS, SEC; Antitrust breakup risk and cross-border data sovereignty rules are escalating.

0000006951

AMAT

8.0% CapEx / Revenue (Moderate-CapEx)

Moderate

active_enforcement_matters,antitrust_exposure_flag,business_model_type_primary,business_model_type_secondary,capital_return_posture,channel_inventory_exposure,churn_vulnerability_index,currency_risk_exposure,customer_acquisition_metric,customer_segment_primary,customer_segment_secondary,cyber_framework_alignment,cyber_incident_materiality,cyber_oversight_body,data_sovereignty_risk,employee_headcount,franchise_compliance_risk,geographic_footprint,geopolitical_supply_exposure,headcount_cost_structure,hedging_program_scope,howey_test_risk_index,interest_rate_sensitivity,international_expansion_readiness,key_person_dependency,liquidity_sufficiency_assertion,marginal_cost_of_growth,market_structure,monetization_vector,named_competitors,network_effect_present,pricing_architecture,pricing_power_rating,product_revenue_concentration,purchase_commitment_rigidity,recession_resistance_tier,regulatory_burden_tier,revenue_model_type,seasonality_pattern,supply_chain_dependency,switching_cost_profile,trade_restriction_exposure,vendor_lock_dependency_score

0

36

-286588

2026-09-08

2026-10-03T13:39|activist_13d_count_1y,activist_last_13d_date,blockholder_13g_count_1y,insider_buys_6m,insider_last_transaction_date,insider_net_shares_6m,insider_sells_6m

36,500; 46% Asia-Pacific, 42% North America, 12% Europe/Middle East

Moderate

Fragmented

Semiconductor Systems = 73% of revenue

Dividend+Buyback; FY2025: $4.9B buyback + $1.4B dividends

High; export controls to China limiting certain product sales

Affirmed

None-direct

Yes; U.S. Department of Justice, Commerce Department Bureau of Industry and Security, and SEC

Moderate; $10.6B purchase obligations disclosed

No

NIST CSF

Audit Committee; full Board

Moderate; Japanese yen, Israeli shekel, euro, Taiwanese dollar operations

FX forwards and options on non-U.S. dollar revenues/expenses (24-month horizon); non-speculative only; no commodity hedging disclosed

0

2

none in window