Super Micro Computer (SMCI) Research & Development (2010 - 2026)
Super Micro Computer's (SMCI) quarterly Research & Development came in at $201.5 million in Q2 2026, up 9.98% on a YoY basis from $183.2 million in Q2 2025, and down 6.57% quarter-over-quarter from $215.7 million in Q1 2026.
Analysis
Super Micro Computer (SMCI) Research & Development (2010 - 2026) Analysis & Trends
Super Micro Computer (SMCI) has reported Research & Development for 17 consecutive years, with $201.5 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development rose 9.98% year-over-year to $201.5 million; the trailing twelve-month figure through Jun 2026 stood at $771.2 million (up 21.16% YoY), and the FY2026 full-year result was $771.2 million, up 21.16% from the prior year.
- Research & Development fell to $201.5 million in Q2 2026 per SMCI's latest filing, from $215.7 million in the prior quarter.
- Across five years, Research & Development topped out at $336.1 million in Q1 2024 and bottomed at $70.7 million in Q4 2022.
- Historically, Research & Development has averaged $166.6 million across 5 years, with a median of $173.3 million in 2025.
- The sharpest annual moves came in 2023 and 2024: Research & Development plunged 61.53% in 2023, then jumped 333.56% in 2024.
- Over 5 years, Research & Development stood at $70.7 million in 2022, then jumped by 210.96% to $219.9 million in 2023, then dropped by 28.03% to $158.2 million in 2024, then increased by 14.24% to $180.8 million in 2025, then advanced by 11.47% to $201.5 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $201.5 million, $215.7 million, and $180.8 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 362.97 Bn | 351.40 Bn | 9.83 Bn | 1.11 Bn |
| 2 | Arista Networks | 251.55 Bn | 238.20 Bn | 1.91 Bn | 348.20 Mn |
| 3 | Sandisk | 238.47 Bn | 233.71 Bn | 7.58 Bn | 348.00 Mn |
| 4 | Seagate Technology Holdings | 188.28 Bn | 186.57 Bn | 1.90 Bn | 188.00 Mn |
| 5 | Western Digital | 161.43 Bn | 159.85 Bn | 2.03 Bn | 284.00 Mn |
| 6 | Hewlett Packard Enterprise | 82.45 Bn | 76.23 Bn | 4.93 Bn | 1.16 Bn |
| 7 | NetApp | 39.14 Bn | 35.57 Bn | 1.42 Bn | 507.00 Mn |
| 8 | Everpure | 32.71 Bn | 31.71 Bn | 811.39 Mn | 346.08 Mn |
| 9 | Super Micro Computer | 26.34 Bn | 18.82 Bn | 1.94 Bn | 201.50 Mn |
| 10 | Penguin Solutions | 2.62 Bn | 2.38 Bn | 133.21 Mn | 21.98 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 201.50 Mn |
| Mar 31, 2026 | 215.66 Mn |
| Dec 31, 2025 | 180.76 Mn |
| Sep 30, 2025 | 173.31 Mn |
| Jun 30, 2025 | 183.22 Mn |
| Mar 31, 2025 | 162.86 Mn |
| Dec 31, 2024 | 158.23 Mn |
| Sep 30, 2024 | 132.24 Mn |
| Mar 31, 2024 | 336.08 Mn |
| Dec 31, 2023 | 219.85 Mn |
| Sep 30, 2023 | 111.03 Mn |
| Mar 31, 2023 | 77.52 Mn |
| Dec 31, 2022 | 70.70 Mn |
| Sep 30, 2022 | 74.24 Mn |
| Mar 31, 2022 | 201.48 Mn |
| Dec 31, 2021 | 130.61 Mn |
| Sep 30, 2021 | 65.14 Mn |
| Mar 31, 2021 | 57.91 Mn |
| Dec 31, 2020 | 52.73 Mn |
| Sep 30, 2020 | 54.80 Mn |