AMD · Earnings call · 2026Q3T · Full report

Supply Chain And Inventory

ADVANCED MICRO DEVICES INC · 2026-11-03 · Importance 44 · Surprise 24 · In source text

Inventory increased approximately $3 billion sequentially to $11.5 billion in the third quarter to fulfill strong Data Center demand. AMD said it expects to continue investing in inventory and capacity to support growth in 2027. The company also reported working with suppliers to secure wafers, substrates, advanced packaging, memory, and other components for its planned expansion.

Key facts

• AMD inventory increased approximately $3 billion sequentially to $11.5 billion in Q3 2026 to fulfill strong data center demand.
• AMD was collaborating more deeply with supply-chain partners and investing alongside them to secure long-term capacity for growth.
• AMD said it had long-term agreements with some suppliers and customers and was working with customers to share component cost increases going forward.
• AMD said demand exceeded supply and it was working with supply-chain partners to increase supply.
• AMD said its PC and data center supply chain was fungible, allowing supply to be moved between the businesses as market signals changed.
• AMD expected to continue investing in inventory and capacity to support growth in 2027.
• AMD was working with manufacturing and OEM partners to scale production as customers expanded deployments.

Impact estimates