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War and geopolitics

109 of 521 companies dropped a paragraph in Risk Factors that uses one of these words: Ukraine, Russia, Israel, Middle East, geopolitical, war. The paragraph was in the earlier 10-K and nothing like it is in the latest. It counts text; it does not say how serious a risk is. Words in capitals only (such as AI) must be in capitals.

By sector

Sector is the SEC's industry description of the company. Each count opens that sector's quotes below.

SectorCompaniesCompared
Optical Instruments & Lenses22
Apparel & Other Finishd Prods of Fabrics & Similar Matl11
Canned, Fruits, Veg, Preserves, Jams & Jellies11
Electrical Industrial Apparatus11
Electronic Components, NEC11
Farm Machinery & Equipment11
Food and Kindred Products11
Gas & Other Services Combined11
Meat Packing Plants11
Miscellaneous Food Preparations & Kindred Products11
Oil & Gas Field Machinery & Equipment11
Oil Royalty Traders11
Paper Mills11
Real Estate11
Retail-Eating & Drinking Places11
Retail-Retail Stores, NEC11
Services-Misc Health & Allied Services, NEC11
Special Industry Machinery, NEC11
Sugar & Confectionery Products11
Telephone & Telegraph Apparatus11
X-Ray Apparatus & Tubes & Related Irradiation Apparatus11
Computer Communications Equipment23
Perfumes, Cosmetics & Other Toilet Preparations23
Search, Detection, Navigation, Guidance, Aeronautical Sys24
Security & Commodity Brokers, Dealers, Exchanges & Services24
Aircraft Engines & Engine Parts12
Computer Peripheral Equipment, NEC12
Fats & Oils12
Industrial Organic Chemicals12
Instruments For Meas & Testing of Electricity & Elec Signals12
Paperboard Containers & Boxes12
Printed Circuit Boards12
Pumps & Pumping Equipment12
Rubber & Plastics Footwear12
Services-Medical Laboratories12
Telephone Communications (No Radiotelephone)12
National Commercial Banks511
Computer Storage Devices25
Hospital & Medical Service Plans25
Industrial Instruments For Measurement, Display, and Control25
Orthopedic, Prosthetic & Surgical Appliances & Supplies25
Finance Services1128
Air Transportation, Scheduled13
Electrical Work13
Electronic Computers13
Measuring & Controlling Devices, NEC13
Natural Gas Transmission13
Retail-Auto Dealers & Gasoline Stations13
Services-Computer Integrated Systems Design13
Services-Consumer Credit Reporting, Collection Agencies13
Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics13
Surgical & Medical Instruments & Apparatus310
Crude Petroleum & Natural Gas27
Pharmaceutical Preparations311
Semiconductors & Related Devices415
Investment Advice28
Electronic & Other Electrical Equipment (No Computer Equip)14
Electric Services315
Biological Products, (No Diagnostic Substances)15
Laboratory Analytical Instruments15
Services-Computer Programming, Data Processing, Etc.15
Services-Business Services, NEC316
Electric & Other Services Combined212
Insurance Agents, Brokers & Service16
State Commercial Banks16
Real Estate Investment Trusts427
Security Brokers, Dealers & Flotation Companies17
Services-Prepackaged Software219

263 paragraphs · Electronic Computers show all sectors

SMCI Super Micro Computer, Inc. · Electronic Computers

•Changes in U.S. or foreign policies, geopolitical conditions, general economic conditions, and other factors beyond our control may adversely impact our business and operating results;

Read in the 10-K filed Aug 28, 2025 ↗

Changes in U.S. or foreign policies, geopolitical conditions, general economic conditions, and other factors beyond our control may adversely impact our business and operating results.

Read in the 10-K filed Aug 28, 2025 ↗

Our business is subject to risks generally associated with doing business abroad, such as U.S. and foreign governmental regulation in the countries in which we operate and the countries in which our contract manufacturers, component suppliers, and other business partners are located. Our operations and performance depend significantly on global, regional, and U.S. economic and geopolitical conditions. For example, tensions between the United States and China have led to the United States’ imposition of a series of tariffs, sanctions, and other restrictions on imports from China and sourcing from certain Chinese persons or entities, as well as other business restrictions. The U.S. government has recently imposed tariffs on certain foreign goods, and some foreign governments have threatened or instituted retaliatory tariffs on certain U.S. goods and have indicated a willingness to impose additional tariffs on U.S. products, which could increase tensions and create greater uncertainty in our business dealings. Further, such actions by the U.S. could result in other retaliatory actions by those countries which could impact our ability to profitably commercialize our products in those jurisdictions. Several countries are considering or have implemented tariffs or other trade barriers or restrictions, as well as other measures affecting cross-border commerce and the flow of information, which could have broad economic consequences, impact global supply chains and negatively affect our business, customers and partners.

Read in the 10-K filed Aug 28, 2025 ↗

Global events may present challenges and risks to us. For example, the crises in Eastern Europe and the Middle East continue to pose challenges to global companies, including us, which have customers in the impacted regions. The U.S. and other global governments have placed restrictions on how companies may transact with businesses in these regions, particularly Russia, Belarus and restricted areas in Ukraine. Because of these restrictions and the growing logistical and other challenges, we have paused sales to Russia, Belarus and the restricted areas in Ukraine. This decision, which is in line with the approach of other global technology companies, helps us comply with our obligations under the various requirements in the U.S. and around the world. While it is difficult to estimate the impact on our business and financial position of both (i) our pause in sales to Russia, Belarus and the restricted areas in Ukraine and the current or future sanctions and (ii) tensions in the Taiwan strait, our pause in sales and these sanctions and continuing rising tensions could have adverse impacts on us in future periods, although they have not been material to date. For example, with respect to Russia, Belarus and the restricted areas in Ukraine, we did not, prior to the imposition of restrictions, make a material portion of our sales or acquire a material portion of our parts or components directly from impacted regions; however, our suppliers and their suppliers may acquire raw materials for parts or components from the impacted regions. Supply disruptions may make it harder for them to find favorable pricing and reliable sources for materials they need, which may put further upward pressure on their costs and increasing the risks that our costs may increase and that it may be more difficult, or we may be unable, to acquire materials needed. In addition, the crises may further exacerbate inflationary pressures that have indirect impacts on our business, such as further increasing our logistics costs from rising fuel prices and/or continuing to increase our compensation expenses. In addition, no assurances can be given that additional developments in the impacted regions, and responses thereto from the U.S. and other global governments, would not have a material adverse effect on our business, results of operations and financial condition.

Read in the 10-K filed Aug 28, 2025 ↗

These and other geopolitical tensions, political or economic uncertainty can disrupt supply chains and increase the cost of our and our partners’ products, and have a negative impact on consumer confidence, which could impair our future growth and adversely affect our international operations, business, financial condition, and results of operations.

Read in the 10-K filed Aug 28, 2025 ↗