Super Micro Computer (SMCI) Cost of Revenue (2010 - 2026)
Super Micro Computer's (SMCI) quarterly Cost of Revenue came in at $9.2 billion in Q1 2026, up 121.76% YoY from $4.2 billion in Q1 2025, and down 22.38% on a QoQ basis from $11.9 billion in Q4 2025.
Super Micro Computer (SMCI) Cost of Revenue (2010 - 2026) Analysis & Trends
Super Micro Computer (SMCI) has 17 years of Cost of Revenue data on file, last reported at $9.2 billion in Q1 2026.
- Quarterly Cost of Revenue rose 121.76% year-over-year to $9.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $30.9 billion (up 37.52% YoY) and the FY2025 annual result came in at $19.5 billion, up 51.16% from the prior year.
- Cost of Revenue eased to $9.2 billion in Q1 2026, from $11.9 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $11.9 billion in Q4 2025 to a low of $1.1 billion in Q1 2023.
- A 5-year average of $4.8 billion and a median of $4.7 billion in 2023 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2023 — Cost of Revenue plunged 65.32% — and 2024, when it surged 668.19%.
- Tracing SMCI's Cost of Revenue over 5 years: stood at $1.5 billion in 2022, then soared by 232.01% to $4.9 billion in 2023, then increased by 2.9% to $5.0 billion in 2024, then jumped by 137.3% to $11.9 billion in 2025, then slipped by 22.38% to $9.2 billion in 2026.
- The last three Cost of Revenue figures came in at $9.2 billion (Q1 2026), $11.9 billion (Q4 2025), and $4.6 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 280.00 Bn | 268.42 Bn | 7.78 Bn | 36.06 Bn |
| 2 | Arista Networks | 236.48 Bn | 223.14 Bn | 1.91 Bn | 1.13 Bn |
| 3 | Sandisk | 219.05 Bn | 214.29 Bn | 7.58 Bn | 1.38 Bn |
| 4 | Seagate Technology Holdings | 173.77 Bn | 172.06 Bn | 1.90 Bn | 1.73 Bn |
| 5 | Western Digital | 148.61 Bn | 145.37 Bn | 1.68 Bn | 1.66 Bn |
| 6 | Everpure | 33.29 Bn | 31.79 Bn | 723.33 Mn | 329.56 Mn |
| 7 | Hp | 26.26 Bn | 22.56 Bn | 3.02 Bn | 11.39 Bn |
| 8 | Super Micro Computer | 21.11 Bn | 19.82 Bn | 1.02 Bn | 9.22 Bn |
| 9 | Logitech International | 13.96 Bn | 12.21 Bn | 607.94 Mn | 619.29 Mn |
| 10 | IonQ | 11.29 Bn | 9.18 Bn | 19.94 Mn | 60.11 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.22 Bn |
| Mar 31, 2026 | 9.22 Bn |
| Dec 31, 2025 | 11.88 Bn |
| Dec 31, 2025 | 11.88 Bn |
| Sep 30, 2025 | 4.55 Bn |
| Sep 30, 2025 | 4.55 Bn |
| Jun 30, 2025 | 5.21 Bn |
| Jun 30, 2025 | 5.21 Bn |
| Mar 31, 2025 | 4.16 Bn |
| Mar 31, 2025 | 4.16 Bn |
| Dec 31, 2024 | 5.01 Bn |
| Dec 31, 2024 | 5.01 Bn |
| Sep 30, 2024 | 5.16 Bn |
| Sep 30, 2024 | 5.16 Bn |
| Mar 31, 2024 | 8.12 Bn |
| Mar 31, 2024 | 8.12 Bn |
| Dec 31, 2023 | 4.87 Bn |
| Dec 31, 2023 | 4.87 Bn |
| Sep 30, 2023 | 1.77 Bn |
| Sep 30, 2023 | 1.77 Bn |