Risk factors

Risk 20 now specifically names OECD Pillar Two as a potential source of higher effective tax rates and cash tax liabilities.

Supply-chain risk now expressly includes future disruptions, shortages, import and export bans, sanctions, and U.S. tariffs.

Lindsay is evaluating generative AI and machine learning and may rely more on them for automation, decisions and internal efficiency.

Senior management turnover is now explicit, including the risk that new executives may not integrate smoothly.

New disclosures cover seasonal demand, tariffs, IT and cybersecurity, AI, and privacy risks.

Trade-risk disclosure now addresses shifting U.S. tariffs, litigation, refunds and retaliation by other countries.

New risks emphasize reliance on a dominant cloud provider, possible service outages, and limits in disaster recovery and system-change controls.

Macroeconomic risk now covers recession, weak construction and infrastructure spending, and customers delaying or renegotiating projects, beyond inflation alone.

Global disruptions are newly highlighted as threats to Accenture’s people, facilities, client activity and service delivery across 52 countries.

The proposed Gilat sale is now central: it may disrupt customer decisions, could fail pending CFIUS and other approvals, and would transfer a business generating 42.7% of 2026 sales.

Nasdaq risk has escalated from resolved bid-price compliance to a December 2025 determination with no further compliance period.

Nasdaq compliance is a prominent new risk: stockholders’ deficit was $9.0 million versus Nasdaq’s $2.5 million equity requirement.