AMD reports $48.8 billion in purchase commitments as AI chip demand climbs

The chipmaker has locked in billions for wafers, substrates and memory, with $33.4 billion due by the end of 2027 Advanced Micro Devices has signed up for a very large shopping list. The chipmaker reported $48.8 billion in unconditional purchase commitments, with $33.4 billion of that due by the end of 2027. Unconditional is the key word. These are obligations AMD has to pay whether or not demand holds up, which makes the figure a statement of confidence about where AI spending is headed. What AMD actually committed to The disclosure comes from AMD’s Q3 2026 10-Q filing, with the commitments measured as of September 26, 2026. The money is earmarked mainly for wafers, substrates, memory and key manufacturing services. Of the total, $33.4 billion falls due across fiscal 2026 and 2027. The rest of the obligations stretch further out. Separately, AMD disclosed a $6.2 billion commitment specifically for cloud compute capacity. That sits apart from the manufacturing inputs above. The scale of the jump is the real story. AMD’s purchase commitments stood at approximately $12.2 billion at the end of 2025. The demand behind the spending AMD’s recent results help explain why it wants so much ...