NVIDIA (NVDA) risk factors: FY2026 10-K

1. Failure to meet the evolving needs of our industry and markets may adversely impact our financial results.
2. Competition could adversely impact our market share and financial results.

Read these in Item 1A · See the changes

1. Long manufacturing lead times and uncertain supply and capacity availability, combined with a failure to estimate customer demand accurately, has led and could lead to mismatches between supply and demand.reworded
2. Dependency on third-party suppliers and their technology to manufacture, assemble, test, or package our products reduces our control over product quantity and quality, manufacturing yields, and product delivery schedules and could harm our business.
3. Defects in our products have caused and could cause us to incur significant expenses to remediate, which can damage our reputation and cause us to lose market share.

Read these in Item 1A · See the changes

1. Adverse economic conditions may harm our business.
2. International sales and operations are a significant part of our business, which exposes us to risks that could harm our business.
3. Product, system security, and data protection incidents or breaches, as well as cyber-attacks, could disrupt our operations, reduce our expected revenue, increase our expenses, and significantly harm our business and reputation.Cybersecurity
4. Business disruptions could harm our operations, lead to a decline in revenue and increase our costs.
5. Climate change may have a long-term impact on our business.
6. We may not be able to realize the potential benefits of business investments or acquisitions, and we may not be able to successfully integrate acquired companies, which could hurt our ability to grow our business, develop new products or sell our products.
7. We receive a significant amount of our revenue from a limited number of partners and distributors and we have a concentration of sales to customers who purchase directly or indirectly from us, and our revenue could be adversely affected if we lose or are prevented from selling to any of these customers.
8. Commercial arrangements expose us to counterparty risks.new
9. If we are unable to attract, retain and motivate our executives and key employees, our business may be harmed.
10. Our business is dependent upon the proper functioning of our business processes and information systems and modification or interruption of such systems may disrupt our business and internal controls.
11. Our operating results have in the past fluctuated and may in the future fluctuate, and if our operating results are below the expectations of securities analysts or investors, our stock price could decline.

Read these in Item 1A · See the changes

1. We are subject to complex laws, rules, regulations, and political and other actions, including restrictions on the export of our products, which may adversely impact our business.
2. Scrutiny from shareholders, regulators and others regarding our corporate sustainability practices could result in additional costs or risks and adversely impact our reputation and willingness of customers and suppliers to do business with us.reworded
3. Issues relating to the responsible use of our technologies, including AI in our offerings, may result in reputational or financial harm and liability.AI
4. Actions to adequately protect our IP rights could result in substantial costs to us and our ability to compete could be harmed if we are unsuccessful or if we are prohibited from making or selling our products.
5. We are subject to stringent and changing data privacy and security laws, rules, regulations and other obligations. These areas could damage our reputation, deter current and potential customers, affect our product design, or result in legal or regulatory proceedings and liability.
6. We may have exposure to additional tax liabilities and our operating results may be adversely impacted by changes in tax laws, higher than expected tax rates and other tax-related factors.
7. Our business is exposed to the burden and risks associated with litigation, investigations and regulatory proceedings.
8. Delaware law and our certificate of incorporation, bylaws and agreement with Microsoft could delay or prevent a change in control.

Read these in Item 1A · See the changes