Commitments and Contingencies

9 Months Ended

Sep. 27, 2025

Commitments and Contingencies Disclosure [Abstract]

Commitments

The Company’s commitments primarily include obligations to purchase wafers and substrates from third parties, obligations for future payments related to multi-year cloud service provider, software, technology and IP license agreements, and obligations for leases that have not yet commenced. These commitments were made under noncancellable purchase orders and contractual obligations requiring minimum commitments for which cancellation would lead to significant penalties.

Total future commitments as of September 27, 2025 were as follows:


Fiscal Year	(In millions)
Remainder of 2025	$	3,778
2026	3,960
2027	1,242
2028	1,231
2029	1,032
2030 and thereafter	882
Total commitments	$	12,125

The Company continually works with suppliers and partners on timing of payments and deliveries of commitments, taking into account business conditions.

Contingencies

During the quarterly period ended September 27, 2025, there were no material legal proceedings. The Company is a defendant or plaintiff in various actions that arose in the normal course of business. With respect to these matters, based on management’s current knowledge, the Company believes that the amount or range of reasonably possible loss, if any, will not, either individually or in the aggregate, have a material adverse effect on the Company’s financial position, results of operations, or cash flows.