Risk factors
Microsoft (MSFT) risk factors
Item 1A of every Microsoft Corporation 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2026 10-K risk factors20 risks6 new3 dropped8 reworded
AI expansion now centers on accelerated datacenter, component, energy, and capital commitments before revenue.
Filed Jul 29, 2026 - FY2025 10-K risk factors17 risks
Microsoft faces intense competition across platforms, cloud services, and AI development, alongside major cybersecurity and intellectual property protection challenges.
Filed Jul 30, 2025