Axe Compute said it has secured more than $1.3 billion in artificial-intelligence infrastructure contracts.

The provider of graphics-processing-unit, or GPU, chips said the value of its new customer contracts across the U.S. and Europe has surpassed its goal for 2026 of $1 billion in signed contracts.

The agreements expand Axe Compute's model into additional geographies and add large-scale AI-infrastructure capacity to its global footprint, it said.

Through the agreements, the company works with each customer to select GPU types, locations and infrastructure configurations to best fit their workload requirements and other standards, it said. Axe then designs and deploys the platforms.

The agreements are structured as five-year commitments with extension options, Axe said. They are backed by upfront prepayments and include provisions for ongoing GPU upgrades as newer generations become available, it said.

Revenue is expected to start late in the fourth quarter, with prepayments anticipated in the third quarter, boosting annual recurring revenue to more than $384 million upon deployment, Axe said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

July 22, 2026 09:12 ET (13:12 GMT)

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