Sunk Cost sunkcost.ai Data checked 2026-09-03

Can a Mac Studio M5 Ultra, 256GB run local LLMs?

Yes — 44 of the 48 current models on this site fit in its 192 GB of usable memory, and one more if you keep the window shorter than 32k. The strongest it holds, GLM-5.3-Flash, runs at 32 tok/s with a 32k window, worked out from memory bandwidth. Whether that saves you money is a different question: at $10,799 and 500k tokens a day, it pays back in 2,126 years.

Price$10,799
Memory256 GB, about 192 GB of it addressable by the GPU at 1200 GB/s
Best model it runsGLM-5.3-Flash — Sonnet-class, 32 tok/s estimated
Pay-back against the APIPays back in 2,126 years at 500k tokens a day

Run the numbers on this machine

What the Mac Studio M5 Ultra, 256GB runs

They do not all hold the same window. The weights are a fixed size, but the key-value cache grows with every token you keep, so what is left of 192 GB after the weights is how far the context goes. On one of the 12 below, this machine's memory is what runs out first: GLM-5.3-Flash stops soonest, at 128k. The rest reach 256k, where the calculator's list ends, or the longest setting their own context limit allows.

ModelSpeedClassMemoryLongest context
GLM-5.3-FlashUD-Q4_K_M 32 tok/s estimated Sonnet-class 190 GB 128kmemory
Qwen3.8 Flash NextQ4_K_M 74 tok/s estimated Sonnet-class 121 GB 256k
DeepSeek V4-FlashUD-Q4_K_M 49 tok/s estimated Sonnet-class 155 GB 256k
Qwen3.8 27BQ4_K_M 48 tok/s estimated Sonnet-class 19 GB 256k
Inkling SmallUD-Q4_K_M 43 tok/s estimated Haiku-class 164 GB 256k
Ling 3.0 flashQ4_K_M 104 tok/s estimated Haiku-class 78 GB 256k
MiniMax M2.7Q4_K_M 25 tok/s estimated Haiku-class 149 GB 128k
Qwen3.6 27BQ4_K_M 47 tok/s estimated Haiku-class 19 GB 256k
Nemotron 3.5 Bolt 74B-A9BIQ2 124 tok/s estimated Haiku-class 22 GB 256k
Qwen3.6 35B-A3BQ4_K_M 143 tok/s estimated Haiku-class 23 GB 256k
Muse Glimmer 30BQ4_K_M 50 tok/s estimated Haiku-class 18 GB 128k
Gemma 4 26B-A4BQ4_K_M 105 tok/s estimated Haiku-class 18 GB 256k

Speed and memory are at 32k context, the setting the calculator starts on; the memory column is the weights plus the cache for that much of it. Each speed says how it was arrived at, and every one here is estimated from this machine's 1200 GB/s of memory bandwidth rather than taken from a published benchmark. There is a page on how that sum works, and what each size needs, and one on what 256 GB runs, machine by machine. The longest context is the longest setting the calculator offers that this machine still holds the model at, cache included, and each one opens the calculator on that model at that length. A figure tagged memory is one this machine ran out of room for, and the rest are stopped by the model's own limit or by the end of the list.

For scale, the calculator starts from 80 tok/s for a hosted API and times a local machine against it. 4 of the 12 above reach it, and the slowest is 25 tok/s.

32 more fit. Ranked below the twelve above: Qwen3.5 122B-A10B, Gemma 4 31B it, Granite 4.2 30B, GLM-4.7-Flash, Gemma 4 12B, Qwen3.5 9B, Nemotron 3.5 Lightning 30B-A3B, MiniCPM5 2B, Qwen3.5 4B, gpt-oss-120b, Ling 3.0 tiny, Granite 4.2 8B, Mistral Small 4 (119B-2603), Qwen3-Coder 30B-A3B, Qwen3-Coder Next, gpt-oss-20b, Gemma 4 E4B, Devstral 2 123B, LFM2.5 2.6B, Devstral Small 2 24B, Ministral 3 14B, Ministral 3 8B. The other 10 have no intelligence-index score, so the ranking cannot place them: Laguna XS 2.1, LFM3 1.7B, Ornith 1.5 9B, Ornith 1.5 35B-A3B, Ornith 1.5 122B, Spark-X2.5 4B, Spark-X2.6 4B, KAT-Coder V2.5 Dev 35B-A3B, LFM2.5 24B-A2B, Flint 40B-A2.5B. Their pages show what each one needs and what runs it.

The 48 counted above are the current models. This site prices 16 superseded ones as well, because people still run them, and this machine holds 16 of those at 32k, strongest first: Qwen3 235B-A22B Instruct 2507, GLM-4.5-Air, Qwen3 30B-A3B Instruct 2507, DeepSeek-R1-Distill-Qwen-32B, DeepSeek-R1-Distill-Llama-70B, Llama 3.3 70B Instruct, Llama 3.1 8B Instruct at Q4_K_M, Llama 3.1 8B Instruct at Q8_0, Mistral Small 3.2 24B Instruct, Qwen3 32B at Q4_K_M, Qwen3 32B at Q8_0, Qwen3 14B, Llama 4 Scout 17B-16E, Qwen3 8B, Gemma 3 27B it, Gemma 3 12B it. Each of those pages asks whether the model is still worth running.

One more, at a shorter window

The table above counts what fits at 32k, the context the calculator starts on. One more model fits this machine at a shorter one. Same weights, smaller cache.

ModelLongest window it fitsNeeds thereNeeds at 32k
Tencent Hy3Q4_K_M 16k 188 GB 193 GB

Each window is the longest setting the calculator offers that this machine still holds the model at, and it opens the calculator on that model at that length. The memory figures are the weights plus the key-value cache at that window, against the 192 GB this machine's GPU can use.

Other machines to weigh against the Mac Studio M5 Ultra, 256GB

MachinePriceMemoryModels that fitPay-back
The rest of the Mac Studio range
Mac Studio M5 Max, 36GB $2,499 36 GB 32 Pays back in 149 years
Mac Studio M5 Max, 48GB $3,099 48 GB 32 Pays back in 174 years
Mac Studio M5 Max, 64GB $3,499 64 GB 32 Pays back in 197 years
Mac Studio M5 Max, 128GB $5,099 128 GB 39 Pays back in 287 years
Mac Studio M5 Ultra, 96GB $5,499 96 GB 34 Pays back in 307 years
Mac Studio M5 Ultra, 512GB not published 512 GB 48 Not enough data to compute a pay-back.
Mac Studio M4 Max, 36GBdiscontinued $1,999 36 GB 32 Pays back in 123 years
Mac Studio M4 Max, 48GBdiscontinued $2,499 48 GB 32 Pays back in 144 years
Mac Studio M4 Max, 64GBdiscontinued $2,699 64 GB 32 Pays back in 155 years
Mac Studio M4 Max, 128GBdiscontinued $3,499 128 GB 39 Pays back in 201 years
Mac Studio M3 Ultra, 96GBdiscontinued $3,999 96 GB 34 Pays back in 242 years
Mac Studio M3 Ultra, 256GBdiscontinued $7,099 256 GB 44 Pays back in 2,379 years
Mac Studio M3 Ultra, 512GBdiscontinued $9,499 512 GB 48 Pays back in 509 years
Nearest in price elsewhere on the list
Mac mini M5 Pro, 64GB $2,699 64 GB 32 Pays back in 182 years
DGX Spark GB10 Grace Blackwell, 128GB $4,699 128 GB 39 Pays back in 346 years
Strix Halo HP Z2 Mini G1a, 128GB $5,544 128 GB 39 Pays back in 396 years
MacBook Pro M5 Max (16-inch), 128GB $6,999 128 GB 39 Pays back in 393 years
NVIDIA RTX PRO 6000 Blackwell, 96GB $18,000card only 96 GB 39 Pays back in 1,071 years

Every row uses the same defaults as the figures above: 500k tokens a day at 15:1 input to output, 32k context, and each machine's strongest model that fits, counted against the same 48 current models. The RTX PRO 6000 Blackwell, 96GB is priced as the card alone, so add the PC around it before comparing it with a complete computer. All seven cards here are ranked by what each one holds.

Head to head with the same box and the smaller chip: 96GB. With the machine it replaced: Mac Studio M3 Ultra, 256GB. There are 111 machine match-ups on the site.

The specifics

Chip
M5 Ultra — 36-core CPU / 80-core GPU
Memory bandwidth
1200 GB/s
Usable by the GPU
192 GB — macOS lets the GPU wire roughly 75% of unified memory by default (llama.cpp discussion #2182: 66.7% at 32 GiB or less, 75% above). Raise it with `sudo sysctl iogpu.wired_limit_mb`. Memory is treated as GB throughout, which is slightly conservative.
Power under load
270 W (stand-in) — Apple has not published power figures for the 2026 machines yet (support articles 103253 / 102027 stop at the 2024/2025 models). Stand-in: Apple's published maximum for the previous chip (M3 Ultra Mac Studio, 270 W), which is a CPU+GPU stress figure, so it likely overstates inference draw.
Availability
Pre-order; ships 2026-09-22.
Sources
Apple, Daring Fireball, AppleInsider