Commitments and Contingencies

9 Months Ended

Sep. 26, 2026

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure

Commitments and Contingencies

Unconditional Commitments     

The Company enters into commitments to secure supply of components and manufacturing services, primarily through obligations under purchase orders and contractual agreements to purchase wafers, substrates, memory, other components, and assembly, test, mark and packaging services for manufacturing. The Company also enters into multi-year arrangements with cloud service providers (CSPs) for compute capacity to be used primarily for internal research and development activities, and various licenses and service agreements. These commitments are unconditional obligations that are noncancellable or for which cancellation would result in significant penalties. The Company continually works with suppliers and partners on the timing of payments and deliveries of commitments, taking into account business conditions. Future purchase commitments related to the Company’s operations as of September 26, 2026 were as follows (in millions):

Fiscal Year	Remainder of 2026		2027		2028		2029		2030		2031 and thereafter		Total
Purchase commitments	$	11,218	$	22,206	$	4,959	$	3,786	$	4,231	$	2,361	$	48,761

Other Commitments

Leases not yet commenced. The Company has entered into leases for data center and general corporate purposes that have not yet commenced. As of September 26, 2026, these leases had aggregate future payments of $0.2 billion and terms of 7 to 10 years, and are expected to commence beginning in the first quarter of fiscal year 2027.

Equity investment. As of September 26, 2026, the Company had commitments to make equity investments of up to $5.1 billion, primarily in privately held companies that develop SI and other technologies, including early-stage companies. These commitments are subject to certain conditions and the investments are expected to be made through fiscal year 2028. In addition to these commitments, the Company invested $1.0 billion in an equity offering of a public company in October 2026.

Additional Commitments

The Company has also entered into arrangements that are intended to support the development of the broader SI infrastructure and expand access to the Company’s AI technologies. These arrangements consist of commitments for cloud compute capacity and data center leases, both of which are made available to third parties, as well as guarantees.

Cloud compute. Under cloud compute capacity arrangements, the Company commits to purchase GPU compute capacity from CSPs, either to the extent the capacity is not purchased by third-party customers, or for capacity reserved by the Company that it may sell or assign to third parties. The amounts represent the Company’s maximum commitments, which are reduced as third-party customers pay for such capacity. Future commitments related to cloud compute capacity arrangements as of September 26, 2026 were as follows (in millions):

Fiscal Year	Remainder of 2026		2027		2028		2029		2030		2031 and thereafter		Total
Cloud compute	$	96	$	1,419	$	1,557	$	1,518	$	943	$	642	$	6,175

Data center leases not yet commenced. The Company has entered into data center leases that have not yet commenced and are expected to be assigned or subleased to commercial partners. As of September 26, 2026, these leases had aggregate future payments of $13.3 billion and terms of 10 to 15 years, and are expected to commence beginning in the second quarter of fiscal year 2027.

Guarantees. The Company provides credit support to certain commercial partners in the form of guarantees of their lease and debt obligations in the event of their default. As of September 26, 2026, the maximum potential amount of future payments under these guarantees was $8.5 billion, with remaining terms of up to 15 years. Refer to Note 8 – Financial Instruments.

Contingencies

During the quarter ended September 26, 2026, 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.