AMD and Meta announce multi-year partnership for up to 6 GW of Instinct GPUs; warrant issued

ADVANCED MICRO DEVICES INC

Warrant to purchase up to 160M AMD shares at $0.01/share, vesting upon Meta's purchases of 1-6 GW of AMD Instinct GPUs.
First deployment of custom MI450-based GPU in 2H 2026 for initial 1 GW; total up to 6 GW across multiple generations.
Partnership includes 6th Gen EPYC CPUs (Venice and Verano) and ROCm software; Meta to be lead customer for Venice.
AMD expects partnership to drive multi-year revenue growth and be accretive to non-GAAP EPS.
Vesting subject to AMD stock price thresholds up to $600/share; warrant exercisable until Feb 2031.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

ADVANCED MICRO DEVICES INC issued up to an aggregate of 160 million shares of common stock of warrant to Meta Platforms, Inc. for exercise price of $0.01 per share.

Security: warrant
Shares: up to an aggregate of 160 million shares of common stock
Purchaser: Meta Platforms, Inc.
Consideration: exercise price of $0.01 per share

Exact text from the filing

AMD issued to Meta a performance-based warrant (the “Warrant”) to purchase up to an aggregate of 160 million shares of common stock of AMD (the “Warrant Shares”) at an exercise price of $0.01 per share.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

ADVANCED MICRO DEVICES INC entered into Registration Rights Agreement with Meta Platforms, Inc. (effective 2026-02-23).

Action: entry
Counterparty: Meta Platforms, Inc.
Effective: 2026-02-23

Exact text from the filing

Meta has certain customary registration rights, including demand registration rights and piggyback registration rights, and through underwritten block trades, with respect to the Warrant Shares pursuant to that certain Registration Rights Agreement entered into with AMD in connection with and concurrent with the issuance of the Warrant.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

ADVANCED MICRO DEVICES INC amended a supply with Meta Platforms, Inc. (effective 2026-02-23).

Action: amendment
Agreement: supply
Counterparty: Meta Platforms, Inc.
Effective: 2026-02-23

Exact text from the filing

Under the arrangement, the parties entered into an amendment to that certain Master Purchase Agreement dated May 23, 2023 (the “Agreement”)

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ADVANCED MICRO DEVICES INC entered into Warrant with Meta Platforms, Inc. (effective 2026-02-23).

Action: entry
Agreement: equity purchase
Counterparty: Meta Platforms, Inc.
Effective: 2026-02-23

Exact text from the filing

On February 23, 2026, in connection with a strategic arrangement between Advanced Micro Devices, Inc. (“AMD”) and Meta Platforms, Inc. (“Meta”) governing the purchase of AMD InstinctTM GPU products by Meta, AMD issued to Meta a performance-based warrant (the “Warrant”) to purchase up to an aggregate of 160 million shares of common stock of AMD (the “Warrant Shares”) at an exercise price of $0.01 per share.

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Source: SEC EDGAR

accession 0000002488-26-000045

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