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

Can a Mac Studio M5 Ultra, 96GB run local LLMs?

Yes — 34 of the 48 current models on this site fit in its 72 GB of usable memory. The strongest it holds, Qwen3.8 27B, runs at 48 tok/s with a 32k window, worked out from memory bandwidth. Whether that saves you money is a different question: at $5,499 and 500k tokens a day, it pays back in 307 years.

Price$5,499
Memory96 GB, about 72 GB of it addressable by the GPU at 1200 GB/s
Best model it runsQwen3.8 27B — Sonnet-class, 48 tok/s estimated
Pay-back against the APIPays back in 307 years at 500k tokens a day

Run the numbers on this machine

What the Mac Studio M5 Ultra, 96GB runs

Memory never runs out first here. Every model below holds 256k, where the calculator's list ends, or the longest setting its own context limit allows, so the window you get is the model's choice rather than this machine's.

ModelSpeedClassMemoryLongest context
Qwen3.8 27BQ4_K_M 48 tok/s estimated Sonnet-class 19 GB 256k
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
Gemma 4 31B itQ4_K_M 39 tok/s estimated Haiku-class 23 GB 256k
Granite 4.2 30BQ4_K_M 34 tok/s estimated Haiku-class 26 GB 128k
GLM-4.7-FlashQ4_K_M 102 tok/s estimated Haiku-class 20 GB 128k
Gemma 4 12BQ4_K_M 113 tok/s estimated Below every hosted tier 8.0 GB 256k
Qwen3.5 9BQ4_K_M 133 tok/s estimated Below every hosted tier 6.8 GB 256k
Nemotron 3.5 Lightning 30B-A3BQ4_K_M 137 tok/s estimated Below every hosted tier 26 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 96 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. 7 of the 12 above reach it, and the slowest is 34 tok/s.

22 more fit. Ranked below the twelve above: MiniCPM5 2B, Qwen3.5 4B, gpt-oss-120b, Ling 3.0 tiny, Granite 4.2 8B, Qwen3-Coder 30B-A3B, Qwen3-Coder Next, gpt-oss-20b, Gemma 4 E4B, LFM2.5 2.6B, Devstral Small 2 24B, Ministral 3 14B, Ministral 3 8B. The other 9 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, 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 14 of those at 32k, strongest first: 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.

Other machines to weigh against the Mac Studio M5 Ultra, 96GB

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, 256GB $10,799 256 GB 44 Pays back in 2,126 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
NVIDIA GeForce RTX 5090, 32GB $1,999card only 32 GB 32 Pays back in 123 years
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
MacBook Pro M5 Max (16-inch), 64GB $5,399 64 GB 32 Pays back in 304 years
Strix Halo HP Z2 Mini G1a, 128GB $5,544 128 GB 39 Pays back in 396 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 GeForce RTX 5090, 32GB 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 another computer: HP Z2 Mini G1a, 128GB · MacBook Pro M5 Max (16-inch), 64GB. With the same box and the bigger chip: 256GB. With the machine it replaced: Mac Studio M3 Ultra, 96GB. There are 111 machine match-ups on the site.

The specifics

Chip
M5 Ultra — 30-core CPU / 64-core GPU
Memory bandwidth
1200 GB/s
Usable by the GPU
72 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 (specs), Apple (newsroom), Daring Fireball