Micron Technology Inc.: 10-K Risk Factor Changes

2025 vs 2024  ·  SEC EDGAR  ·  2026-07-05
✓ Deterministic extraction — no AI-generated data

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

5
New Risks
3
Removed
23
Modified
19
Unchanged
🟢 New in Current Filing Severity9/10Det 9

We may not be able to achieve expected returns from capacity expansions.

We have commenced expansion of our production capacity in the United States and in other regions where we operate. Semiconductor fabs are complex, capital-intensive projects and require specialized knowledge, expertise, experience, and skill sets to construct and operate. Our…

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We have commenced expansion of our production capacity in the United States and in other regions where we operate. Semiconductor fabs are complex, capital-intensive projects and require specialized knowledge, expertise, experience, and skill sets to construct and operate. Our construction projects are highly dependent on available sources of materials, and specialized equipment, as well as labor, skilled sub-contractors and other service providers. Increasing demand, supply constraints, inflation, tariffs, trade restrictions, and other market conditions could result in shortages and higher costs. Additionally, difficulties in obtaining labor, skilled sub-contractors and other service providers or other resources could result in delays in completion of our construction projects and cost increases, including costs to operate these facilities. In the United States and in certain other regions, fab building has been uncommon in recent years. Concurrent semiconductor expansion projects across the industry introduce significant competition for the limited pool of

🟢 New in Current Filing Breaches of our security systems or products, systems failures, interruptions, delays in service, catastrophic events, and resulting interruptions in the availability of our systems or those of our customers, suppliers, or business partners, could expose us to losses. 🔒
🟢 New in Current Filing Table of Contents 🔒
🟢 New in Current Filing Our future success depends on our ability to develop and produce new and competitive memory and storage technologies and products. 🔒
🟡 Modified Table of Contents 🔒
🟡 Modified Government actions and regulations, such as export restrictions, tariffs, and trade protection measures, may limit our ability to sell our products to certain customers or markets, or could otherwise restrict our ability to conduct operations. 🔒
🟡 Modified Our business, results of operations, or financial condition could be adversely affected by the availability and quality of materials, supplies, electrical power, gas, water, and capital equipment, or dependency on third-party service providers. 🔒
🟡 Modified Evolving sustainability and governance expectations or standards or failure to achieve our related goals could adversely affect our business, results of operations, financial condition, or stock price. 🔒
🟡 Modified We face geopolitical and other risks associated with our international operations that could materially adversely affect our business, results of operations, or financial condition. 🔒
🟡 Modified Table of Contents 🔒
🟡 Modified Table of Contents 🔒
🟢 New in Current Filing If our manufacturing process is disrupted by operational issues, natural disasters, or other events, our business, results of operations, or financial condition could be materially adversely affected. 🔒
🔴 No Match in Current Filing Our business, results of operations, or financial condition could be adversely affected by the availability and quality of materials, supplies, electrical power, water, and capital equipment, or dependency on third-party service providers. 🔒
🟡 Modified The semiconductor memory and storage markets are highly competitive. 🔒
🟡 Modified Our incentives from various governments are conditioned upon achieving or maintaining certain outcomes and satisfying compliance requirements and are subject to reduction, termination, or clawback, and could impose certain limitations on our business. 🔒
🟡 Modified Table of Contents 🔒
🟡 Modified Our gross margins may be adversely affected by a range of factors. 🔒
🟡 Modified Table of Contents 🔒
🟡 Modified Table of Contents 🔒
🟡 Modified Table of Contents 🔒
🔴 No Match in Current Filing Table of Contents 🔒
🔴 No Match in Current Filing Table of Contents 🔒
🟡 Modified Table of Contents 🔒
🟡 Modified Downturns or ongoing adverse conditions in regional or worldwide economies may harm our business. 🔒
🟡 Modified Table of Contents 🔒
🟡 Modified Increases in sales of system solutions may increase our dependency upon specific customers and our costs to develop, qualify, and manufacture our system solutions. 🔒
🟡 Modified Acquisitions and/or strategic transactions involve numerous risks. 🔒
🟡 Modified We must attract, retain, and motivate highly skilled employees. 🔒
🟡 Modified Tax-related matters could have a material adverse effect on our business, results of operations, or financial condition. 🔒
🟡 Modified A significant portion of our revenue is concentrated with certain customers and end markets. 🔒
🟡 Modified Legal, regulatory and administrative investigations, inquiries, proceedings, and claims could have a material adverse effect on our business, results of operations, or financial condition. 🔒
30 more changes in this filing

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