AMD · 10-Q · 2026Q3 · Full report
Purchase Commitments and Obligations
ADVANCED MICRO DEVICES INC · 2026-11-04 · Importance 66 · Surprise 48 · In source text
At September 26, 2026, unconditional operating commitments totaled $48.8 billion, including $33.4 billion expected to be paid in the remainder of fiscal 2026 and fiscal 2027; investment commitments were up to $5.1 billion. Separate cloud-compute commitments intended to support the broader SI infrastructure ecosystem totaled $6.2 billion, including $1.5 billion payable in the remainder of fiscal 2026 and fiscal 2027. AMD also disclosed $13.3 billion of future payments under data-center leases not yet commenced that it expects to assign or sublease, maximum guarantees of $8.5 billion, and $2.7 billion of remaining recognized lease payments; expected sublease receipts through 2036 were $0.9 billion.
Key facts
- As of September 26, 2026, AMD had $48.8 billion of unconditional commitments related to operations, of which $33.4 billion was expected to be paid in the remainder of fiscal 2026 and fiscal 2027. source
- The maximum potential future payments under AMD guarantees of commercial partners’ obligations were $8.5 billion as of September 26, 2026. source
- AMD had $0.2 billion of future payments under leases for operations not yet commenced and investment commitments of up to $5.1 billion as of September 26, 2026. source
- For the nine months ended September 26, 2026, prepaid expenses and other assets increased $2.1 billion, primarily due to prepayments of supply agreements. source
- AMD entered data center leases it expects to assign or sublease to commercial partners and provided guarantees of certain partners’ lease and debt obligations in the event of default. source
- AMD’s equity investment commitments are subject to conditions and are expected to be funded through fiscal 2028. source
- As of September 26, 2026, no commercial partner was in default and no amounts had been paid under AMD’s guarantees. source
- AMD has entered and may continue to enter commercial arrangements including long-term capacity purchase agreements, cloud compute capacity commitments, leases, lease guarantees, and other credit support and financing arrangements to support operations, anticipated growth, the broader SI infrastructure ecosystem, and access to AI technologies. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -43.8% | As of September 26, 2026, AMD had $48.8 billion of unconditional commitments related to operations, of which $33.4 billion was expected to… |
| cash | negative | committed | -2.3% | AMD had $0.2 billion of future payments under leases for operations not yet commenced and investment commitments of up to $5.1 billion as… |
| assets | positive | realized | +2.2% | For the nine months ended September 26, 2026, prepaid expenses and other assets increased $2.1 billion, primarily due to prepayments of… |
| liability | negative | contingent | -0.7% | The maximum potential future payments under AMD guarantees of commercial partners’ obligations were $8.5 billion as of September 26, 2026. |
| cash | negative | committed | -0.2% | AMD had $0.2 billion of future payments under leases for operations not yet commenced and investment commitments of up to $5.1 billion as… |