ESPHome through 2026.7.0-dev contains an operator-precedence bug in the cv.url() validator in esphome/config_validation.py: if parsed.scheme and parsed.netloc or parsed.scheme == "file": return parsed.geturl(). Because and binds tighter than or, any file: URI passes validation regardless of netloc. This validator gates the url: field of the external_components YAML directive's git source schema, which is passed to git clone (git supports file:// natively). A crafted external_components block with url: "file:///attacker/repo" clones an attacker-controlled local path, which is then added to Python's import machinery via ESPHome's component loader, executing arbitrary Python code when the YAML configuration is processed (e.g. via esphome config/esphome run).