9 paragraphs in Risk Factors of the 10-K filed Dec 12, 2025
with nothing like them in the 10-K filed Dec 13, 2024. Quoted exactly.
Paragraphs that were only edited are under 10-K change.
Compared with the Risk Factors in the latest 10-K of the other 74 Technology companies:
a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it.
A paragraph most of them have is marked boilerplate. No line means no other company has one like it.
This counts text; it does not say how serious a risk is.
on personnel travel and in shipping materials or products; our ability to develop relationships with local customers, suppliers and governments; performance of our geographically diverse third-party providers; impacts of regional or global health epidemics, natural disasters and extreme and chronic weather events; fluctuations in interest rates and currency exchange rates; as well as other factors discussed in this Risk Factors section. Any of these factors may have an adverse impact on our business and manufacturing operations or demand for our products and services, and our performance and results of operations may be adversely affected.
Read in the 10-K ↗
Our business, financial condition and results of operations may be adversely affected by uncertainty and changes in trade policies, including tariffs, and trade disputes between the United States and other countries. The United States has announced changes to its trade policy, including increased tariffs on imports. These actions have caused substantial uncertainty and have resulted in retaliatory measures, including new tariffs on U.S. goods imposed by China and other countries. Some of these actions have been followed by announcements of limited exemptions and temporary pauses and trade frameworks with certain countries.
Similar paragraph at 1 of 74 other Technology companies:
WDCA significant number of our customers and suppliers are located outside of the United States. Increases in tariffs increase our costs and can negatively impact our margins and reduce the competitiveness of our products due to the increase in the cost of importing materials, parts and components used in manufacturing our products. Tariffs can also increase supply chain complexity and may make it more difficult to purchase necessary equipment and supplies to manufacture our products. Increases in tariffs, including reciprocal and sector-based tariffs, also increase the cost to our customers of importing our products, which could harm customer demand for our products. Uncertainty or volatility with respect to tariffs and trade disputes may also make it difficult for us and our customers and suppliers to make and execute business and capital equipment investment plans; lead to global or regional inflation and economic recession and reduce demand for semiconductor chips and electronic devices; cause our customers to delay or cancel orders or negatively impact our competitive position; impede our ability to purchase materials, including critical materials and minerals, and disrupt supply chain and logistics. For example, in 2025 the Chinese government implemented export controls on the export of rare earth minerals that are used in certain of our products and may implement additional controls in the future. We may take actions to mitigate the impact of increases in tariffs and changes in trade policies, but there can be no assurance that we will be successful, and any such actions could result in additional costs, manufacturing delays or other difficulties, as well as additional risks, and may not be effective. Any or all of these factors may have a material and adverse impact on our business, financial condition and results of operations.
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performance becoming significantly dependent on quarter-end production and delivery schedules.
Read in the 10-K ↗
•impacts of natural disasters, extreme and chronic weather events, regional or global health epidemics, or other events beyond our control.
Similar paragraph at 2 of 74 other Technology companies:
ADI,
CRM
Any of these events impacting our supply chain could affect our ability to meet our customers’ demand, result in higher costs to us and have an adverse effect on customer relationships and our business, financial condition and results of operations.
Read in the 10-K ↗
•improve the productivity of capital invested in research and development activities;
Read in the 10-K ↗
could have an adverse impact on our competitive position and business. Changes in intellectual property laws or their interpretation may impact our ability to protect and assert our intellectual property rights, increase costs and uncertainties in the prosecution of patent applications or related enforcement actions and diminish the value and competitive advantage conferred by our intellectual property assets.
Similar paragraph at 1 of 74 other Technology companies:
HPE
As of October 26, 2025, we had $6.5 billion in aggregate principal amount of senior unsecured notes outstanding. Under the indenture governing the senior unsecured notes, we may be required to offer to repurchase the notes at a price equal to
Similar paragraph at 1 of 74 other Technology companies:
KLAC
New in the latest 10-Q
0 paragraphs in the 10-Q filed Aug 20, 2026 with nothing like
them in the 10-Q filed May 21, 2026 (at least half the words must differ; new numbers alone do not count).
Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
Nothing in the latest 10-Q is new compared with the one before it.
The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Aug 20, 2026 against Item 1A of the 10-K filed Dec 12, 2025.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted and underlined).
Text on the page, not a score; each links to the filing at sec.gov.
Added10-Q 2026-08-20 vs 10-K 2025-12-12
• changes in demand for semiconductor chips due to changes in the timing of, level of investment in, or technologies used in the buildout of data centers, including data center buildout driven by demand for AI technologies;
Read it in the 10-Q at sec.gov ↗
Added10-Q 2026-08-20 vs 10-K 2025-12-12
• the importance of increasing market positions in segments with growing demand;
Read it in the 10-Q at sec.gov ↗
Added10-Q 2026-08-20 vs 10-K 2025-12-12
We have invested and expect to continue investing significant resources towards expanding into related or new markets and industries, and there can be no assurance that our products and services will achieve market acceptance or be profitable. Additionally, demand for our products and services depends on the success of the markets and industries we seek to expand into. If our efforts to expand into new and related markets and industries are not successful, including due to the failure of any of those markets and industries, our business, financial condition and results of operations could be adversely affected.
Read it in the 10-Q at sec.gov ↗
Added10-Q 2026-08-20 vs 10-K 2025-12-12
adversely impact our business and results of operations. The loss of knowledgeable and experienced employees may result in unexpected costs, reduced productivity or difficulties with respect to internal processes and controls.
Read it in the 10-Q at sec.gov ↗
Reworded10-Q 2026-08-20 vs 10-K 2025-12-12
Cybersecurity incidents, including incidents on third-party provider networks, may result in business disruption; delay delays in the our product development and delivery of delivery; disruptions to our products; disruption of our manufacturing processes, internal communications, interactions with customers and suppliers and processing manufacturing, communications and reporting of financial results; the theft or misappropriation of intellectual property; property or critical data belonging to us or our customers; corruption, loss of, or inability to access (e.g., through ransomware or denial of service) confidential information and critical data (i.e., that of our company and our third-party providers and customers); data; reputational damage; private claims, demands, litigation and litigation or regulatory investigations, inquiries, enforcement actions, actions or other proceedings related to contractual or regulatory privacy, cybersecurity, data protection or other confidentiality obligations; proceedings; diminution in the value of our investment in research, development and engineering; and increased costs associated with the implementation of cybersecurity measures to detect, deter, protect against detection, prevention and recover from these incidents. remediation.
Read it in the 10-Q at sec.gov ↗ · The 10-K sentence ↗
Reworded10-Q 2026-08-20 vs 10-K 2025-12-12
If we do not fail to anticipate or respond effectively to technology inflections or competitive or market developments, or if we are unable to successfully anticipate technology inflections, develop and commercialize new products and technologies, and respond to changes in customer requirements and market trends, products, our business performance and operating results may be materially and adversely impacted.
Read it in the 10-Q at sec.gov ↗ · The 10-K sentence ↗
Reworded10-Q 2026-08-20 vs 10-K 2025-12-12
Cybersecurity incidents may range from include physical attacks on our computer system systems or network infrastructure, to infrastructure; employee or contractor error or error, misuse or unauthorized use of information technology systems or confidential information, to individual access; attempts to gain unauthorized access to these information systems, to systems or data; as well as sophisticated cybersecurity attacks, cyberattacks or advanced persistent threats, any of which may target or impact us directly or indirectly through our third-party providers and global supply chain.
Read it in the 10-Q at sec.gov ↗ · The 10-K sentence ↗
Reworded10-Q 2026-08-20 vs 10-K 2025-12-12
We may be unable to anticipate, prevent or remediate future incidents, and in some instances, we may be unaware of incidents or their magnitude and effects, scope, particularly as attackers are increasingly able to circumvent may evade controls and or remove forensic evidence. evidence and as automated attacks may operate at a speed and scale that compresses the time available to detect, contain and respond to them.
Read it in the 10-Q at sec.gov ↗ · The 10-K sentence ↗
Reworded10-Q 2026-08-20 vs 10-K 2025-12-12
In addition, new legislation, additional regulations Legislative or regulatory changes, as well as global economic or political conditions conditions, may affect or impair restrict our ability to invest in certain countries or require us to obtain regulatory approvals to do so. that we may not obtain or may impose significant conditions or obligations.
Read it in the 10-Q at sec.gov ↗ · The 10-K sentence ↗
Reworded10-Q 2026-08-20 vs 10-K 2025-12-12
Key tax Additionally, the One Big Beautiful Bill Act enacted in the U.S. contains provisions of the OBBBA that are designed to accelerate tax deductions, but that have had and may in the future have a detrimental impact on our ability to use certain deferred tax assets. assets, including our corporate alternative minimum tax credit deferred tax asset.
Read it in the 10-Q at sec.gov ↗ · The 10-K sentence ↗
Reworded10-Q 2026-08-20 vs 10-K 2025-12-12
Supply chain constraints and disruptions have in the past caused, past, and may from time to time cause, in the future, increase costs of logistics and parts for our products and cause delays in our equipment production and delivery schedules, which can lead to our business schedules.
Read it in the 10-Q at sec.gov ↗ · The 10-K sentence ↗
Reworded10-Q 2026-08-20 vs 10-K 2025-12-12
We also maintain cash balances in various bank accounts globally and if any of these at financial institutions become insolvent, it worldwide, and the insolvency of any such institution could limit our ability restrict access to access our cash and adversely affect our ability to manage our operations.
Read it in the 10-Q at sec.gov ↗ · The 10-K sentence ↗
Reworded10-Q 2026-08-20 vs 10-K 2025-12-12
Our investment portfolio is subject to general credit, liquidity, market and interest rate risks, which may be exacerbated by rising inflation, rising interest rates, bank failures or economic recession and the value and liquidity of our portfolio and returns on pension assets could be negatively impacted and lead to impairment charges. recession.
Read it in the 10-Q at sec.gov ↗ · The 10-K sentence ↗
Reworded10-Q 2026-08-20 vs 10-K 2025-12-12
Volatility in demand for our products and worldwide demand for semiconductor chips and electronic devices can impact our suppliers’ ability to meet our demand requirements has caused, and has may cause, shortages or delays in the past resulted in a shortage shipments of parts, materials and services needed to manufacture our products.
Read it in the 10-Q at sec.gov ↗ · The 10-K sentence ↗
Reworded10-Q 2026-08-20 vs 10-K 2025-12-12
The Threat actors’ techniques used by threat actors to identify vulnerabilities and craft cybersecurity attacks change frequently evolve rapidly and may increasingly involve the use of incorporate new technologies, including AI and quantum computing.
Read it in the 10-Q at sec.gov ↗ · The 10-K sentence ↗
Reworded10-Q 2026-08-20 vs 10-K 2025-12-12
Implementation of We periodically implement new business processes and or enhanced information systems systems, which requires the commitment of significant personnel, training and financial resources, and entails risks to our business operations. operational risks.
Read it in the 10-Q at sec.gov ↗ · The 10-K sentence ↗
The first 16 of 57 are shown (at most 12 of each type).
