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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |