Scripting

The SMA has not a built in function for that.
The KACE Cloud MDM solution has it for iOS and Android.

But as long as the system checks in into the SMA you can run any script on it, which does what you want it to do.
So you can run a script using the scripting module to run "systemreset --factoryreset" to do this

Here's a script I did for that :

# Switch in  64 bits
if ($PSHOME -like "*syswow64*") {
    Write-Output 'Relaunching as x64'
    & (Join-Path ($PSHOME -replace 'syswow64', 'sysnative') powershell.exe) `
        -File $Script:MyInvocation.MyCommand.Path `
        @args
    Exit
}
#  script
$namespaceName = "root\cimv2\mdm\dmmap"
$className = "MDM_RemoteWipe"
$methodName = "doWipeProtectedMethod"
$session = New-CimSession
$params = New-Object Microsoft.Management.Infrastructure.CimMethodParametersCollection
$param = [Microsoft.Management.Infrastructure.CimMethodParameter]::Create("param", "", "String", "In")
$params.Add($param)
$instance = Get-CimInstance -Namespace $namespaceName -ClassName $className -Filter "ParentID='./Vendor/MSFT' and InstanceID='RemoteWipe'"
$session.InvokeMethod($namespaceName, $instance, $methodName, $params)

From https://techcommunity.microsoft.com/t5/windows-deployment/factory-reset-windows-10-without-user-intervention/m-p/1349038/highlight/true#M559