https://riskdiff.com/research/Exact excerpts from selected filing comparisons.https://riskdiff.com/research/examples/panw-2026-vs-2025/The major public cloud infrastructure providers increasingly offer native security, identity, and observability capabilities that compete with our products and subscriptions.df219a7887eaf0c43a42be6chttps://riskdiff.com/research/examples/intu-2026-vs-2025/Sustainability matters continue to be an area of focus for stockholders, regulators, customers, employees, and other stakeholders.178459e1caac5ec477251bfbhttps://riskdiff.com/research/examples/zs-2026-vs-2025/An extreme natural disaster, such as an earthquake, fire, flood or severe weather event; a man-made problem, such as an act of war or international conflict; or a public health emergency occurring where we have significant facilities, employees, customers, channel partners, component suppliers, vendors, data centers or other infrastructure could adversely affect our business, results of operations and financial condition.7a7788053324e03c84410dechttps://riskdiff.com/research/examples/csco-2026-vs-2025/The markets in which we compete are characterized by rapid change, converging technologies, and a migration to networking and communications solutions that offer relative advantages, all of which are factors that pose competitive threats.db2a8b41838d735885f2c882https://riskdiff.com/research/examples/smci-2026-vs-2025/Climate change may have an increasingly adverse impact on our business and on our customers, partners and vendors.b5f5618c64b50ad088390052https://riskdiff.com/research/examples/jkhy-2026-vs-2025/As a supplier of software and services to financial institutions, portions of our operations are subject to ongoing supervision and examination by the Office of the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Consumer Financial Protection Bureau.60cfeb3e1dd31424d3455567https://riskdiff.com/research/examples/ph-2026-vs-2025/The amount and timing of share repurchases will be based on a variety of factors and past activity is not necessarily indicative of future repurchase levels.71ef15147caa0b6692589c4ehttps://riskdiff.com/research/examples/el-2026-vs-2025/We are, and may in the future become, party to litigation, other disputes or regulatory proceedings across a wide range of matters, including ones relating to product liability matters (including asbestos-related claims), advertising, regulatory, labor and employment, pensions and benefits, intellectual property, real estate, environmental, trade relations (including tariffs and duties), securities, tax and privacy.42d1c039fe008bc8c4ffb06chttps://riskdiff.com/research/examples/team-2026-vs-2025/Our development and use of AI technologies may expose us to operational challenges and security risks, legal claims, regulatory scrutiny, and reputational harm.212c4ab952b14942f352cee7https://riskdiff.com/research/examples/amcr-2026-vs-2025/Future acquisitions also could result in potentially dilutive issuances of equity securities, the incurrence of debt, contingent liabilities, and depreciation and amortization expenses related to certain tangible and intangible assets and increased operating expenses, all of which could, individually or collectively, adversely affect our business, financial condition, results of operations, and cash flows.5da85f04523735c22ed6d0e8https://riskdiff.com/research/examples/tpr-2026-vs-2025/We are increasingly integrating AI technologies, including generative AI and machine learning, across various aspects of our business, which presents evolving risks that may be difficult to predict or mitigate.540fb2db63ddcf273fc7727bhttps://riskdiff.com/research/examples/nwsa-2026-vs-2025/This ownership or service to both companies may create, or give the appearance of, conflicts of interest when faced with decisions that could have different implications for the Company and FOX.60b85e09468eb6cd8d19ebdahttps://riskdiff.com/research/examples/nws-2026-vs-2025/This ownership or service to both companies may create, or give the appearance of, conflicts of interest when faced with decisions that could have different implications for the Company and FOX.c9ddd2085bf6a34e8c472596https://riskdiff.com/research/examples/lrcx-2026-vs-2025/We are increasingly using AI tools as part of our business, including internally developed machine learning tools and large language models provided by third parties.8e902b151255e7e38c2079b9https://riskdiff.com/research/examples/clx-2026-vs-2025/The Company’s manufacturing, processing, formulation, packaging, labeling, storage, distribution, advertising, and sale of its products and business operations must comply with extensive, increasingly varied, and complex federal, state, and foreign laws 15 15 15 Table of Contents Table of Contents and regulations.d54aa3eea6a446932b1f8028https://riskdiff.com/research/examples/klac-2026-vs-2025/In 2026, we entered into interest rate swaps which are designated as fair value hedges and allow us to convert a portion of our fixed-rate payments under the senior, unsecured long-term notes issued in June 2022 (“2022 Senior Notes”) into floating-rate payments based on the Daily Secured Overnight Financing Rate swap rate plus a fixed number of basis points.b86c7509a9830fab0311195chttps://riskdiff.com/research/examples/foxa-2026-vs-2025/On June 14, 2026, FOX and Roku entered into the Merger Agreement pursuant to which Roku will become a wholly owned subsidiary of FOX.bcc47625610cccc608af2df5https://riskdiff.com/research/examples/fox-2026-vs-2025/On June 14, 2026, FOX and Roku entered into the Merger Agreement pursuant to which Roku will become a wholly owned subsidiary of FOX.ba97a103d16e70b49d556986https://riskdiff.com/research/examples/stx-2026-vs-2025/We rely extensively on information technology systems, networks, and cloud-based platforms, including those operated by vendors, suppliers, and other third parties, to support our business operations.0a7926cfb35e36533926c3f9https://riskdiff.com/research/examples/pg-2026-vs-2025/Across all of our categories, we compete against a wide variety, and increasing number, of global and local competitors.a2a73d4ea33650cc273c1b1ahttps://riskdiff.com/research/examples/br-2026-vs-2025/19 19 19 In addition, we run the risk of disintermediation due to emerging technologies, fintech start-ups and new market entrants.412a11653b3679082814b185https://riskdiff.com/research/examples/lw-2026-vs-2025/tariffs countermeasures, a labor dispute at a port, limited shipping container availability or workforce disruptions, have and could prevent us from exporting our products in sufficient quantities to meet certain customer opportunities.927bcfe21bd443b601ef14c0https://riskdiff.com/research/examples/dri-2026-vs-2025/Our restaurant operations are subject to United States federal, state, and local laws governing such matters as minimum wages, working conditions, overtime, and tip credits.2c19f0f39a3da5b2ebe6fcd8https://riskdiff.com/research/examples/fdx-2026-vs-2025/We are making significant investments and other decisions in connection with our long-term business strategy, such as those related to our transformation initiatives.f7160c8edd012841bbcde7dehttps://riskdiff.com/research/examples/nke-2026-vs-2025/Corporate responsibility and sustainability-related topics, including climate change and diversity, as well as companies’ actions and initiatives on such issues, continue to receive significant attention from a wide range of stakeholders, who may have varied, evolving and sometimes conflicting expectations regarding our policies, practices, disclosures, goals and targets.cea3b9a3ed848d3d751fb68chttps://riskdiff.com/research/examples/mdt-2026-vs-2025/We are, and may in the future be, involved in litigation, claims, disputes, and regulatory or administrative proceedings arising out of the ordinary course of our business, including product liability claims, commercial and contractual disputes, intellectual property disputes, tax litigation, securities and shareholder litigation, employment‑related matters, environmental matters, competition matters, and other legal matters.dd03b489a70575295ee702dfhttps://riskdiff.com/research/examples/sjm-2026-vs-2025/Our stock price may be influenced by a variety of factors, including stakeholder sentiment regarding our industry or Company and differing perspectives on our strategy, governance, or capital allocation.bf74c1db9ac49fb6c1a08552https://riskdiff.com/research/examples/estc-2026-vs-2025/Use of AI technology by our workforce even when used consistent with our guidelines, may result in allegations or claims against us related to violation of third-party intellectual property rights, unauthorized access to or use of proprietary information and failure to comply with open source software licenses.5156367988d08157cdc9c005https://riskdiff.com/research/examples/wfc-2026-vs-2025/We compete in a highly competitive industry that is undergoing significant changes as a result of financial regulatory reform, technological advances, increased public scrutiny, and economic conditions.6f99c1532de19a028aa5588fhttps://riskdiff.com/research/examples/adp-2026-vs-2025/Such events may create significant volatility and uncertainty and economic and financial market disruption.3c936279458d1ec741bd34a2