Supplemental Financial Statement Information

9 Months Ended

Sep. 26, 2026

Balance Sheet Related Disclosures [Abstract]

Supplemental Balance Sheet Information

Supplemental Financial Statement Information

Inventories	September 26, 2026		December 27, 2025
	(In millions)
Raw materials	$	2,212	$	909
Work in process	7,416		4,768
Finished goods	1,835		2,243
Total inventories	$	11,463	$	7,920

Property and Equipment, net	September 26, 2026		December 27, 2025
	(In millions)
Land, building and leasehold improvements	$	1,074	$	967
Equipment	4,597		3,453
Construction in progress	1,317		508
Property and equipment, gross	6,988		4,928
Accumulated depreciation	(3,059)		(2,616)
Total property and equipment, net	$	3,929	$	2,312

Construction in progress includes costs primarily related to data center network infrastructure.

Accrued Liabilities	September 26, 2026		December 27, 2025
	(In millions)
Customer-related liabilities	$	1,405	$	1,194
Accrued marketing programs	1,131		1,454
Accrued compensation and benefits	2,270		1,645
Other accrued expenses and liabilities	1,425		957
Total accrued liabilities	$	6,231	$	5,250

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 and engineering services, IP licensing, and product revenue. As of September 26, 2026, the aggregate transaction price allocated to remaining performance obligations under contracts with an original expected duration of more than one year was $246 million, of which $180 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 3% and 4% of the Company’s revenue for the three and nine months ended September 26, 2026, and 9% and 10% of the Company’s revenue for the three and nine months ended September 27, 2025, respectively.

Other Income (Expense), Net	Three Months Ended				Nine Months Ended
	September 26, 2026		September 27, 2025		September 26, 2026		September 27, 2025
	(In millions)
Interest income	$	123	$	55	$	336	$	137
Gains from long-term investments, net	67		26		616		85
Change in fair value of warrant liability	(1,097)		—		(1,097)		—
Other income (expense)	5		1		6		(3)
Other income (expense), net	$	(902)	$	82	$	(139)	$	219

See Note 14 – Common Stock and Stock-based Compensation for information on change in fair value of warrant liability.