AMD · 10-Q · 2026Q2 · Full report
AI Infrastructure Investment
ADVANCED MICRO DEVICES INC · 2026-08-05 · Importance 64 · Surprise 42 · Matches filing data
As of June 27, 2026, AMD had $30.3 billion of unconditional commitments, including $17.4 billion due during the remainder of fiscal 2026. These obligations primarily covered future purchases from third parties and multi-year cloud service provider arrangements, while commenced and not-yet-commenced leases totaled approximately $1.2 billion and $4.5 billion, respectively. AMD also had $4.1 billion of maximum potential data-center lease-guarantee payments and subsequently entered into up to $5.0 billion of investment commitments through fiscal 2028 plus $9.5 billion of long-term data-center leases beginning in 2027 and 2028.
Key facts
- Subsequent to June 27, 2026, AMD entered into long-term data center leases with aggregate future payments of $9.5 billion over lease terms of up to 16 years expected to commence in 2027 and 2028. source
- Subsequent to June 27, 2026, AMD entered into investment commitments of up to $5.0 billion, subject to certain conditions, expected to be made through fiscal year 2028. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | committed | -9.6% | Subsequent to June 27, 2026, AMD entered into long-term data center leases with aggregate future payments of $9.5 billion over lease terms… |
| cash | negative | committed | -2.5% | Subsequent to June 27, 2026, AMD entered into investment commitments of up to $5.0 billion, subject to certain conditions, expected to be… |
| assets | positive | committed | +2.5% | Subsequent to June 27, 2026, AMD entered into investment commitments of up to $5.0 billion, subject to certain conditions, expected to be… |