Supplemental Financial Statement Information

6 Months Ended

Jun. 28, 2025

Balance Sheet Related Disclosures [Abstract]

Supplemental Balance Sheet Information

Supplemental Financial Statement Information

Inventories	June 28, 2025		December 28, 2024
	(In millions)
Raw materials	$	639	$	351
Work in process	4,167		4,289
Finished goods	1,871		1,094
Total inventories	$	6,677	$	5,734

Prepaid Expenses and Other Current Assets	June 28, 2025		December 28, 2024
	(In millions)
Unbilled receivables	$	571	$	628
Other	1,963		1,363
Total prepaid expenses and other current assets	$	2,534	$	1,991

Property and Equipment, net	June 28, 2025		December 28, 2024
	(In millions)
Land, building and leasehold improvements	$	922	$	853
Equipment	3,065		2,798
Construction in progress	575		324
Property and equipment, gross	4,562		3,975
Accumulated depreciation	(2,434)		(2,173)
Total property and equipment, net	$	2,128	$	1,802

Accrued Liabilities	June 28, 2025		December 28, 2024
	(In millions)
Customer-related liabilities	$	1,175	$	1,349
Accrued marketing programs	1,221		1,063
Accrued compensation and benefits	948		1,174
Other accrued expenses and liabilities	1,135		674
Total accrued liabilities	$	4,479	$	4,260

Revenue

Revenue allocated to remaining performance obligations that are unsatisfied or partially unsatisfied include amounts received from customers and amounts that will be invoiced and recognized as revenue in future periods for development services, IP licensing and product revenue. As of June 28, 2025, the aggregate transaction price allocated to remaining performance obligations under contracts with an original expected duration of more than one year was $218 million, of which $125 million is expected to be recognized in the next 12 months. The revenue allocated to remaining performance obligations does not include amounts which have an original expected duration of one year or less.

Revenue recognized over time associated with custom products and development services accounted for approximately 12% and 11% of the Company’s revenue for the three and six months ended June 28, 2025, respectively, and 8% and 12% of the Company’s revenue for the three and six months ended June 29, 2024, respectively.

Cost of Sales

During the three months ended June 28, 2025, the Company recorded approximately $800 million of inventory and related charges associated with the U.S. government export control on AMD Instinct MI308 Data Center GPU products in Cost of sales.