Super Micro Computer SMCI
NASDAQ SMCI
$40.10 +2.72 (+7.28%)
At close: Sep 11, 2026 · 4:00 PM EDT

Super Micro Computer (SMCI) Operating Expenses (2010 - 2026)

Super Micro Computer's (SMCI) quarterly Operating Expenses came in at $454.6 million in Q2 2026, up 43.98% on a YoY basis from $315.7 million in Q2 2025, and up 15.72% quarter-over-quarter from $392.8 million in Q1 2026.

Analysis

Super Micro Computer (SMCI) Operating Expenses (2010 - 2026) Analysis & Trends

Super Micro Computer (SMCI) has reported Operating Expenses for 17 consecutive years, with $454.6 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 43.98% year-over-year to $454.6 million; the trailing twelve-month figure through Jun 2026 stood at $1.5 billion (up 23.78% YoY), and the FY2026 full-year result was $1.5 billion, up 23.78% from the prior year.
  • Operating Expenses advanced to $454.6 million in Q2 2026 per SMCI's latest filing, from $392.8 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $593.1 million in Q1 2024 and bottomed at $122.2 million in Q4 2022.
  • Historically, Operating Expenses has averaged $300.1 million across 5 years, with a median of $301.4 million in 2024.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses plunged 62.86% in 2023, then soared 365.99% in 2024.
  • Over 5 years, Operating Expenses stood at $122.2 million in 2022, then soared by 205.99% to $374.0 million in 2023, then retreated by 19.42% to $301.4 million in 2024, then grew by 7.59% to $324.3 million in 2025, then surged by 40.18% to $454.6 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $454.6 million, $392.8 million, and $324.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Dell Technologies 362.97 Bn 351.40 Bn 9.83 Bn 4.45 Bn
2 Arista Networks 251.55 Bn 238.20 Bn 1.91 Bn 532.30 Mn
3 Sandisk 238.47 Bn 233.71 Bn 7.58 Bn 545.00 Mn
4 Seagate Technology Holdings 188.28 Bn 186.57 Bn 1.90 Bn 2.07 Bn
5 Western Digital 161.43 Bn 159.85 Bn 2.03 Bn 465.00 Mn
6 Hewlett Packard Enterprise 82.45 Bn 76.23 Bn 4.93 Bn 10.82 Bn
7 NetApp 39.14 Bn 35.57 Bn 1.42 Bn 935.00 Mn
8 Everpure 32.71 Bn 31.71 Bn 811.39 Mn 748.23 Mn
9 Super Micro Computer 26.34 Bn 18.82 Bn 1.94 Bn 454.57 Mn
10 Penguin Solutions 2.62 Bn 2.38 Bn 133.21 Mn 82.35 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 454.57 Mn
Mar 31, 2026 392.81 Mn
Dec 31, 2025 324.27 Mn
Sep 30, 2025 285.12 Mn
Jun 30, 2025 315.71 Mn
Mar 31, 2025 293.44 Mn
Dec 31, 2024 301.40 Mn
Sep 30, 2024 266.38 Mn
Mar 31, 2024 593.09 Mn
Dec 31, 2023 374.04 Mn
Sep 30, 2023 181.18 Mn
Mar 31, 2023 127.28 Mn
Dec 31, 2022 122.24 Mn
Sep 30, 2022 127.41 Mn
Mar 31, 2022 342.70 Mn
Dec 31, 2021 221.71 Mn
Sep 30, 2021 109.01 Mn
Mar 31, 2021 105.96 Mn
Dec 31, 2020 98.73 Mn
Sep 30, 2020 99.47 Mn