### @ANET — Confirmed — from the Q1 2026 earnings call
Yeah, no, look - Jensen, we're living that memory squeeze right now, right? Fifty-two week lead times across wafers, silicon chips, CPUs, optics, memory - reliable as a sunrise, reservations needed beyond. That's pushed us to $8.9 billion in purchase commitments end of Q1, up from $6.8 then $4.8 the quarters before. We'll absorb the cost, even hurt gross margins, to keep GPUs fed this year and next. Supply's the opposite tale, that's the way to look at it.
- tier: Confirmed (✓)
- source: ANET / Demand the best in a career, supply the opposite tale
- receipt: https://ticker.thevixguy.com/p/p-day-20260718-anet-src-anet-supply-constraint-conversation
- posted: 2026-07-18T00:12:05.600Z