Zebra Technologies (ZBRA) risk factors: FY2025 10-K

1. Geopolitical turmoil, including regional conflicts, terrorism and war could result in market instability, which could negatively impact our business results.
2. Inability to consummate future acquisitions at appropriate prices could negatively impact our growth rate and stock price.
3. The Company could encounter difficulties in any acquisition it undertakes, including unanticipated integration problems and business disruption. Acquisitions could also dilute stockholder value and adversely affect operating results.
4. The Company may not be able to continue to develop offerings to address user needs effectively.
5. The Company participates in a competitive industry, which may become more competitive. Competitors may be able to respond more quickly to new or emerging technology and changes in customer requirements.

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1. The Company has substantial operations and sells a significant portion of our offerings outside of the U.S. and purchases important components, including final offerings, from suppliers located outside the U.S., many of whom with operations concentrated in China.China
2. Third parties may allege that the Company or our suppliers infringe upon their intellectual property rights.
3. The inability to protect intellectual property could harm our reputation, and our competitive position may be materially damaged.
4. Certain of our offerings rely on intellectual property, technologies, software, and content developed by, or licensed from, third parties.
5. Emerging issues related to the development and use of artificial intelligence (“AI”) could give rise to legal or regulatory action, damage our reputation or otherwise materially harm our business.AI
6. Cybersecurity incidents could disrupt our business operations.Cybersecurity
7. Cybersecurity incidents affecting our systems or our customers’ systems may negatively impact our business.Cybersecurity
8. Defects, errors, or bugs in our offerings, or in third-party components or software included in our offerings, could result in liability, reputational harm, and significant costs.new
9. Our business success depends on our ability to attract, retain, develop and motivate key personnel.
10. A natural or man-made disaster, or a widespread public health issue, may have a material impact on our global operations, our customers and our vendors, which could adversely impact our business results and financial condition.
11. Large, multi-year, and fixed-price contracts may expose the Company to risks that could lead to losses and adversely affect our business.new
12. We utilize the services of subcontractors to perform under many of our contracts, and the inability of our subcontractors to perform in a timely and compliant manner could negatively impact our performance obligations as the prime contractor.
13. We have outsourced portions of certain business operations, such as repair, distribution, engineering services, and information technology services and may outsource additional business operations, which limits our control over these business operations and exposes us to additional risk as a result of the actions of our outsource partners.
14. We rely on our channel partner network to sell many of our offerings, and failure of channel partners to effectively bring our offerings to market may negatively affect our results of operations and financial results.reworded
15. Final assembly of certain of our hardware products is performed by third party electronics manufacturers, including EMSs and JDMs. We may be dependent on such electronics manufacturers as a sole-source of supply for the manufacture of such products. A failure by such electronics manufacturers to provide manufacturing services to us as we require, or any disruption in such manufacturing services up to and including a catastrophic shut-down, may adversely affect our business results. Because we rely on these electronics manufacturers to manufacture certain of our hardware products, we may incur increased business continuity risks.reworded
16. Failure of our suppliers, subcontractors, outsource partners, channel partners, and electronics manufacturers to use acceptable legal or ethical business practices could negatively impact our business.reworded
17. Our future operating results depend on our ability to purchase a sufficient amount of materials, parts, and components, as well as services and software to meet the demands of customers. We source some of our components from sole-source suppliers. Any disruption to our suppliers or significant increase in the price of supplies, inclusive of transportation costs, or change in customer demand could have a negative impact on our results of operations.new
18. Our order backlog may not be a reliable indicator of our future operating results.
19. If we experience a significant disruption in our IT systems, our business, reputation, and operating results could be adversely affected.

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1. The impact of trade policy changes in the United States and corresponding actions by other countries in which the Company does business could adversely affect our financial performance.
2. Our exposure to foreign exchange rate fluctuations on cross-border transactions and the translation of local currency results into U.S. dollars could negatively impact our results of operations.
3. Taxing authority challenges may lead to tax payments exceeding current reserves.
4. Forecasting our estimated annual effective tax rate is complex and subject to uncertainty, and there may be material differences between our forecasted and actual tax rates.
5. It is important that we are able to obtain many different types of insurance, and if we are not able to obtain insurance or exhaust our coverage, we may be forced to retain the risk.
6. Our indebtedness could adversely affect our business.

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1. We could be adversely impacted by changes in accounting standards and subjective assumptions, estimates, and judgments by management related to complex accounting matters.
2. Laws and regulations relating to the handling of personal data may result in increased costs, legal claims, or fines against the Company.
3. The unfavorable outcome of any pending or future litigation, arbitration, or administrative action could have a material adverse effect on our financial condition or results of operations.
4. We are subject to a wide range of product regulatory and safety, consumer, worker safety, and environmental laws.
5. We are dependent on the availability and use of certain bands within the radio frequency spectrum; our offerings may be subject to harmful interference from new or modified spectrum uses.

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Headings in the FY2024 10-K with no match this year.

1. We may incur liabilities as a result of product failures due to actual or apparent design or manufacturing defects.
2. Defects or errors in the Company’s software offerings, or third-party software included in or upon which our offerings rely, could harm our reputation, result in significant cost to us, and impair our ability to market such offerings.
3. We are exposed to risks under large, multi-year contracts that may negatively impact our business.
4. We enter into fixed-price contracts that could subject us to losses in the event we fail to properly estimate our costs.
5. Our future operating results depend on our ability to purchase a sufficient amount of materials, parts, and components, as well as services and software to meet the demands of customers. We source some of our components from sole-source suppliers.
6. Any disruption to our suppliers or significant increase in the price of supplies, inclusive of transportation costs, or change in customer demand could have a negative impact on our results of operations.