What dominates the section
- Global transportation disruptions, tariffs, sanctions, and regional instability could interrupt Thermo Fisher’s parts and finished-goods flows.
- Product development depends on extensive technological, safety, quality, and manufacturing testing, while customers use products in their own development.
- Commodity inflation, government-contract compliance, laboratory-developed-test regulation, Pillar Two taxes, and leverage also affect results.
The risks most specific to Thermo Fisher Scientific
- Industry and Economic Risks
THERMO FISHER SCIENTIFIC INC
Transportation disruptions, regional instability, tariffs, export controls, sanctions, and other trade barriers could delay parts and finished-goods deliveries.
- Business Risks
THERMO FISHER SCIENTIFIC INC
Technologically innovative products require extensive development and testing, and failures could affect customers using them to develop, test, or manufacture products.
- Business Risks
We may not be able to successfully implement these strategies, and these strategies may not result in the expected growth of our business
Thermo Fisher competes with some large customers and suppliers, which could abruptly reduce or alter relationships and hurt results.
- Operational Risks
THERMO FISHER SCIENTIFIC INC
Higher fuel, petroleum-based resin, and steel prices could increase costs and reduce earnings and cash flow.
- Legal, Quality and Regulatory Risks
laboratory-developed tests could delay and add to the cost of commercialization of these products, as well as subject us to additional regulatory controls
Laboratory-developed-test regulation could delay commercialization and increase costs, while government-contract violations could reduce related customer revenue.
- Risks Relating to Financial Profile
THERMO FISHER SCIENTIFIC INC
Countries’ evolving Pillar Two tax rules could affect Thermo Fisher’s tax rate, although no material impact is currently expected.
All 7 risk factors
Headings as the filing states them, in filing order.
Industry and Economic Risks
- 01THERMO FISHER SCIENTIFIC INC
Business Risks
- 02THERMO FISHER SCIENTIFIC INC
- 03We may not be able to successfully implement these strategies, and these strategies may not result in the expected growth of our business
Operational Risks
- 04THERMO FISHER SCIENTIFIC INC
Legal, Quality and Regulatory Risks
- 05laboratory-developed tests could delay and add to the cost of commercialization of these products, as well as subject us to additional regulatory controls
Risks Relating to Financial Profile
- 06THERMO FISHER SCIENTIFIC INC
- 07Our leverage could have negative consequences, including increasing our vulnerability to adverse economic and industry conditions, limiting our ability to obtain additional financing and limiting our ability to acquire new products and technologies through strategic acquisitions
Other Thermo Fisher Scientific 10-Ks
- 2026 10-K risk factors
5 risks. International sales expose operations to foreign currency and macroeconomic fluctuations. Competition with key customers and suppliers creates relationship dependency risks. High leverage levels limit financial flexibility and acquisition capacity.
Filed Feb 26, 2026
About this page
Item 1A of the 10-K on EDGAR was split into its risk factors and, where the company's previous 10-K is on file, each heading was matched to last year's and the text compared word for word. The headings are the filing's own. The one-line readings and the overview were written by a language model from the text of the new, dropped, and rewritten risks; they refer to risks by position and cannot misquote a heading.