|The burning wreckage of the U.S. Navy battleship USS Arizona (BB-39) at Pearl Harbor, Hawaii.|
- American anti-aircraft performance had improved considerably during the second strike, and two thirds of Japan's losses were incurred during the second wave. Nagumo felt if he launched a third strike, he would be risking three quarters of the Combined Fleet's strength to wipe out the remaining targets (which included the facilities) while suffering higher aircraft losses.
- A third wave would have required substantial preparation and turnaround time, and would have meant returning planes would have had to land at night. At the time, only the (British) Royal Navy had developed night carrier techniques, so this was a substantial risk.
- Weather had deteriorated notably since the first and second wave launching, and rough seas complicated takeoff and landing for a third wave attack.
- The task force's fuel situation did not permit him to remain in waters north of Pearl Harbor much longer, since he was at the very limit of logistical support. To do so risked running unacceptably low on fuel, perhaps even having to abandon destroyers en route home.
- Arizona: Exploded; total loss. 1,177 dead.
- West Virginia: two bombs, seven torpedoes, sunk; returned to service July 1944. 106 dead.
- California: two bombs, two torpedoes, sunk; returned to service January 1944. 100 dead.
- Nevada: six bombs, one torpedo, beached; returned to service October 1942. 60 dead.
- Tennessee: two bombs; returned to service February 1942. 5 dead.
- Maryland: two bombs; returned to service February 1942. 4 dead (including floatplane pilot shot down).
Ex-battleship (target/AA training ship)
- Utah: Capsized; total loss. 58 dead.
- Helena: One torpedo; returned to service January 1942. 20 dead.
- Raleigh: One torpedo; remained in service.
- Honolulu: Near miss, light damage; remained in service.
- Cassin: in drydock with Downes and Pennsylvania, one bomb, burned; returned to service February 1944.
- Downes: in drydock with Cassin and Pennsylvania, caught fire from Cassin, burned; returned to service November 1943.
- Shaw: Three bombs; returned to service June 1942.
- Oglala (minelayer): Damaged by torpedo hit on Helena, capsized; returned to service (as engine-repair ship) February 1944.
- Vestal (repair ship): Two bombs, blast and fire from Arizona, beached; returned to service by August 1942.
- Curtiss (seaplane tender): One bomb, one Japanese aircraft; returned to service January 1942. 19 dead.