Zebra Technologies (ZBRA) Risk Factor Changes

Failure of our suppliers, subcontractors, outsource partners, channel partners, and electronics manufacturers to use acceptable legal or ethical business practices could negatively impact our business.

Our channel partners could also face additional costs or credit concerns resulting from an uncertain economic environment that would cause such parties to reduce purchases of our offerings, thereby causing a negative…

We rely on our channel partner network to sell many of our offerings, and failure of channel partners to effectively bring our offerings to market may negatively affect our results of operations and financial results.

We have outsourced portions of certain business operations, such as repair, distribution, engineering services, and information technology services and may outsource additional business operations, which limits our co…

We utilize the services of subcontractors to perform under many of our contracts, and the inability of our subcontractors to perform in a timely and compliant manner could negatively impact our performance obligations…

Large, multi-year, and fixed-price contracts may expose the Company to risks that could lead to losses and adversely affect our business.

Our business success depends on our ability to attract, retain, develop and motivate key personnel.

Cybersecurity incidents can take a variety of forms including unintentional events as well as deliberate attacks by individuals, groups and sophisticated organizations, such as state sponsored organizations or nation-…

Cybersecurity incidents could disrupt our business operations.

The inability to protect intellectual property could harm our reputation, and our competitive position may be materially damaged.

•Disruptions in our business due to difficulties integrating and reorganizing operations, offerings, systems, networks, supply chains, technologies and personnel;

Geopolitical turmoil and uncertainty could have a negative impact on our ability to sell and ship our offerings, collect payments from and support customers in certain regions, and could increase the costs, risks and…

•Managing logistical challenges common to complex, expansive international operations;

Our future operating results depend on our ability to purchase a sufficient amount of materials, parts, and components, as well as services and software to meet the demands of customers.

We enter into fixed-price contracts that could subject us to losses in the event we fail to properly estimate our costs.

Our business success depends on our ability to attract, retain, develop and motivate key personnel.

Defects or errors in the Company’s software offerings, or third-party software included in or upon which our offerings rely, could harm our reputation, result in significant cost to us, and impair our ability to marke…

We may incur liabilities as a result of product failures due to actual or apparent design or manufacturing defects.

litigation costs.

Geopolitical turmoil and uncertainty could have a negative impact on our ability to sell and ship our offerings, collect payments from and support customers in certain regions, and could increase the costs, risks and…

•Managing our international operations;

cases may be required to absorb contractual risks from our customers without corresponding back-to-back coverage from our subcontractors.

processes, product testing, and contractual indemnification from suppliers.

Defects, errors, or bugs in our offerings, or in third-party components or software included in our offerings, could result in liability, reputational harm, and significant costs.

provide periodic educational sessions to our employees to foster awareness of schemes to access sensitive information.

On September 30, 2025, the Company acquired Elo Holdings, Inc.

•Managing our organizational structure and workforce challenges, and ensuring a cohesive company culture among our employees;

•Managing impacts of government shutdowns or disruptions, including any adverse effects due to limited government funding and services, such as import and export clearance, regulatory approvals or visa processing;