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Hyperscaler Purchase Obligations
Commitments to buy supply, capacity and services that are not on the balance sheet, by company, $ billions
Plays the chart through its history. Pauses are where the data set a record or moved most.
SEC EDGAR: each 10-Q and 10-K’s XBRL instance document (Microsoft’s purchase commitments from its 10-K contractual obligations table). Undiscounted future payments as each company discloses them; each tags these lines its own way, so compare a company with its own history first. Readings are at each company’s own quarter ends. Nvidia: supply, capacity and cloud-service commitments. Meta: non-cancelable contractual commitments. Amazon: long-term content, energy and software agreements. Oracle: unrecorded purchase obligations.
What each company has contracted to buy from suppliers that is not yet a liability: chips and manufacturing capacity, cloud capacity, content and power. Each company draws the line differently, so read each against its own history.
What this chart reads
- Nvidia Purchase Obligationsas “Nvidia”latest 2026-07-26
- Meta Purchase Obligationsas “Meta”latest 2026-06-30
- Amazon Purchase Obligationsas “Amazon”latest 2026-06-30
- Oracle Purchase Obligationsas “Oracle”latest 2026-08-31
Sources
Nvidia Purchase Obligations. Source: U.S. Securities and Exchange Commission, EDGAR: the XBRL instance document of each 10-Q and 10-K, which carries the dimensioned and company-extension facts SEC's companyfacts API leaves out; calculated by Palanor. SEC filings are public information: "Information presented on sec.gov is considered public information and may be copied or further distributed by users of the web site without the SEC's permission" (sec.gov/privacy).
Meta Purchase Obligations. Source: U.S. Securities and Exchange Commission, EDGAR: the XBRL instance document of each 10-Q and 10-K, which carries the dimensioned and company-extension facts SEC's companyfacts API leaves out; calculated by Palanor. SEC filings are public information: "Information presented on sec.gov is considered public information and may be copied or further distributed by users of the web site without the SEC's permission" (sec.gov/privacy).
Amazon Purchase Obligations. Source: U.S. Securities and Exchange Commission, EDGAR: the XBRL instance document of each 10-Q and 10-K, which carries the dimensioned and company-extension facts SEC's companyfacts API leaves out; calculated by Palanor. SEC filings are public information: "Information presented on sec.gov is considered public information and may be copied or further distributed by users of the web site without the SEC's permission" (sec.gov/privacy).
Oracle Purchase Obligations. Source: U.S. Securities and Exchange Commission, EDGAR: the XBRL instance document of each 10-Q and 10-K, which carries the dimensioned and company-extension facts SEC's companyfacts API leaves out; calculated by Palanor. SEC filings are public information: "Information presented on sec.gov is considered public information and may be copied or further distributed by users of the web site without the SEC's permission" (sec.gov/privacy).
Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.