Microsoft
26 named things its latest annual report says its results depend on, each in the company's own words. 19 of them are also named by other companies we've read.
Customers
Government customers
earns fromnamed as a riskWe derive substantial revenue from government contracts.Risk factors (Item 1A)
Windows OEMs
earns fromnamed as a riskWindows OEM revenue is impacted significantly by the number of Windows operating system licenses purchased by OEMs, which they pre-install on the devices they sell.Business (Item 1)
Suppliers
Server and device component suppliers
depends onnamed as a riskThere are few qualified suppliers for certain components of our servers and devices.Business (Item 1)
Third-party colocation and cloud infrastructure providers
depends onnamed as a riskIn addition to datacenters we own or operate, we rely on third-party providers, including colocation facilities, leased datacenters, and cloud infrastructure providers, to support portions of our operations.Risk factors (Item 1A)
Third-party device manufacturers
depends onWe engage third-party manufacturers to produce our devices and have implemented measures to enhance supply chain efficiency and resilience, including the ability to relocate production geographically.Business (Item 1)
Partners and platforms
Other companies
U.S. government securities
concentrated innamed as a riskA significant part of our investment portfolio consists of U.S. government securities.Risk factors (Item 1A)
Activision Blizzard
named as a riskFor example, in October 2023 we completed our acquisition of Activision Blizzard, Inc.Risk factors (Item 1A)
Places
Ukraine
named as a riskAbrupt political change, terrorist activity, and armed conflict, such as the conflicts in Ukraine and the Middle East, pose economic and other risks, which may negatively impact our ability to sell to and collect from customers, increase our operating costs, or otherwise disrupt our operations in markets both directly and indirectly impacted by such events.Risk factors (Item 1A)
Also named by C, CL, DKNG, JLL, LKQ, LSTR, MDLZ, NUE and 4 more
Seattle, Washington
concentrated innamed as a riskAs an example, our corporate headquarters, a significant portion of our research and development activities, and certain other essential business operations are in the Seattle, Washington area, and we have other business operations in the Silicon Valley area of California, both of which are seismically active regions.Risk factors (Item 1A)
Also named by IONQ
Hazards
Earthquake
concentrated innamed as a riskAs an example, our corporate headquarters, a significant portion of our research and development activities, and certain other essential business operations are in the Seattle, Washington area, and we have other business operations in the Silicon Valley area of California, both of which are seismically active regions.Risk factors (Item 1A)
Also named by A, ADBE, AEE, ARE, ARES, BLK, CDNA, CRC and 11 more
Nation-state threat actor (Microsoft email compromise)
named as a riskThis incident has and may continue to result in harm to our reputation and customer relationships.Risk factors (Item 1A)
Commodities and inputs
Euro
exposed to its price · $ (13,653)named as a riskPrincipal currency exposures include the Euro, Japanese yen, British pound, Canadian dollar, and Australian dollar.Market risk (Item 7A)
Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more
Semiconductors
depends onnamed as a riskWe have experienced and may continue to experience supply constraints, including shortages of semiconductors, networking equipment, power systems, cooling equipment, and other key components.Risk factors (Item 1A)
Also named by AAPL, AIOT, ARW, AXON, CARR, CAT, CIEN, CSCO and 16 more
Graphics processing units (GPUs)
depends onnamed as a riskOur infrastructure capacity depends on the availability of permitted and buildable land, predictable and affordable energy, networking supplies, and servers, including graphics processing units and other components.Risk factors (Item 1A)
Electrical power
exposed to its pricenamed as a riskThe availability, reliability, and cost of electrical power are critical to the operation and expansion of our datacenters.Risk factors (Item 1A)
Also named by MU
Regulators
Laws and programs
EU General Data Protection Regulation (GDPR)
subject tonamed as a riskIn addition, the EU General Data Protection Regulation and other similar regulations impose a range of compliance obligations regarding the handling of personal data.Risk factors (Item 1A)
Also named by ACN, ADSK, AIG, ALK, AMG, ANET, APG, AXON and 61 more
U.S. tariffs
subject tonamed as a riskThe volatility of U.S. tariffs has triggered economic uncertainty and could impact cloud and devices supply chain cost competitiveness.Risk factors (Item 1A)
Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more
Foreign Corrupt Practices Act (FCPA)
subject tonamed as a riskThe Foreign Corrupt Practices Act (“FCPA”) and other anti-corruption laws and regulations (“Anti-Corruption Laws”) prohibit corrupt payments by our employees, vendors, or agents, and the accounting provisions of the FCPA require us to maintain accurate books and records and adequate internal controls.Risk factors (Item 1A)
Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more
EU AI Act
subject tonamed as a riskFor example, the EU’s AI Act may increase costs or impact the provision or operation of our AI models and services in the European market.Risk factors (Item 1A)
Also named by ACN, ADBE, AMD, AXON, CGNX, CRM, CRWD, CTSH and 36 more
EU Data Act
subject tonamed as a riskNew requirements related to the use of data, including the Data Act, add additional rules and restrictions on the use of data in our products and services.Risk factors (Item 1A)
Also named by ADBE, CSGP, DDOG, IOT, KVYO, NET, NOW, PLTR and 6 more
European Electronic Communications Code
subject tonamed as a riskLaws in several jurisdictions, including EU Member State laws under the European Electronic Communications Code, increasingly define certain of our services as regulated services.Risk factors (Item 1A)
Also named by LBTYA
U.S. AI export controls (AI Diffusion Rule)
subject tonamed as a riskThe potential replacement of the rescinded AI Diffusion Rule, expanded export license conditions, and other potential AI-related rulemakings could adversely affect Microsoft’s business, strategy, and operations.Risk factors (Item 1A)
EU Digital Services Act
subject toWhile we have a unified approach to regulatory compliance, some of the programs and processes are tailored to meet specific regulatory obligations, such as with the creation of independent compliance functions required by the European Union (“EU”) Digital Markets Act and the EU Digital Services Act, which oversee, monitor, and assess the company’s compliance with these acts.Business (Item 1)
Also named by ABNB, ADBE, BKNG, CSGP, DASH, EBAY, ETSY, GDDY and 8 more
EU Digital Markets Act
subject toWhile we have a unified approach to regulatory compliance, some of the programs and processes are tailored to meet specific regulatory obligations, such as with the creation of independent compliance functions required by the European Union (“EU”) Digital Markets Act and the EU Digital Services Act, which oversee, monitor, and assess the company’s compliance with these acts.Business (Item 1)