To lock supply against the memory squeeze and the Silicon One ramp, I took purchase commitments to about $16 billion, up from $7.6 billion in July 2025 – roughly $6 billion of that increase in the last 90 days alone. The commitments are tied to Silicon One manufacturing and hyperscaler demand, and we frame the move as leaning in from financial strength, not a demand signal. Earlier in the year the figure stepped to $10.1 billion, and most of the commitment is front‑loaded to be due within a year. No webscale customers are named.

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CSCO / Committing ahead on supply - the $16 billion on the balance sheet

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/p/p-day-20260724-csco-src-csco-purchase-commitments-conversation ↗

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2026-07-24T19:00:55.064Z