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Supplemental Balance Sheet Information
12 Months Ended
Dec. 27, 2025
Balance Sheet Related Disclosures [Abstract]  
Supplemental Balance Sheet Information Supplemental Financial Statement Information
Inventories
December 27,
2025
December 28,
2024
 (In millions)
Raw materials$909 $351 
Work in process4,768 4,289 
Finished goods2,243 1,094 
Total inventories$7,920 $5,734 
Property and Equipment, net
December 27,
2025
December 28,
2024
 (In millions)
Land, building and leasehold improvements
$967 $853 
Equipment3,453 2,798 
Construction in progress508 324 
Property and equipment, gross4,928 3,975 
Accumulated depreciation(2,616)(2,173)
Total property and equipment, net$2,312 $1,802 
Depreciation expense for 2025, 2024 and 2023 was $521 million, $454 million and $441 million, respectively.
Accrued Liabilities
December 27,
2025
December 28,
2024
 (In millions)
Accrued marketing programs$1,454 $1,063 
Accrued compensation and benefits1,645 1,174 
Customer-related liabilities1,194 1,349 
Other accrued expenses and liabilities957 674 
Total accrued liabilities$5,250 $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 product revenue, development services, and IP licensing. As of December 27, 2025, the aggregate transaction price allocated to remaining performance obligations under contracts with an original expected duration of more than one year was $315 million, of which $201 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 9%, 8% and 25% of the Company’s revenue in 2025, 2024 and 2023, respectively.
Cost of Sales
During the year ended December 27, 2025, the Company recorded approximately $440 million of net inventory and related charges associated with the U.S. government export control on AMD Instinct™ MI308 Data Center GPU products in Cost of sales. The Company did not have any export control related charges in 2024 and 2023.