AAPL · 10-Q · 2026Q1 · Full report

Manufacturing and Purchase Obligations

Apple Inc. · 2026-05-01 · Importance 56 · Surprise 24

Apple disclosed manufacturing purchase obligations of $44.6 billion as of March 28, 2026, with $43.9 billion payable within 12 months, reflecting use of outsourcing partners for subassemblies and final assembly. The Company also reported other purchase obligations of $30.4 billion, with $9.3 billion payable within 12 months, covering supplier arrangements, licensed IP/content and capital assets for manufacturing. These large near-term commitments indicate significant short-term cash requirements tied to production and supply continuity. Management notes manufacturing outsourcing and a broad supplier base for individual components.