Super Micro Computer (SMCI) Work In Process (2012 - 2026)
Super Micro Computer's (SMCI) quarterly Work In Process came in at $1.7 billion in Q2 2026, up 148.72% on a YoY basis from $674.6 million in Q2 2025, and down 15.75% quarter-over-quarter from $2.0 billion in Q1 2026.
Analysis
Super Micro Computer (SMCI) Work In Process (2012 - 2026) Analysis & Trends
Super Micro Computer (SMCI) has reported Work In Process for 15 consecutive years, with $1.7 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Work In Process rose 148.72% year-over-year to $1.7 billion; the trailing twelve-month figure through Jun 2026 stood at $1.7 billion (up 148.72% YoY), and the FY2026 full-year result was $1.7 billion, up 148.72% from the prior year.
- Work In Process eased to $1.7 billion in Q2 2026 per SMCI's latest filing, from $2.0 billion in the prior quarter.
- Across five years, Work In Process topped out at $2.3 billion in Q4 2025 and bottomed at $71.9 million in Q2 2023.
- Historically, Work In Process has averaged $702.8 million across 5 years, with a median of $452.7 million in 2024.
- The sharpest annual moves came in 2023 and 2024: Work In Process slumped 65.71% in 2023, then soared 527.48% in 2024.
- Over 5 years, Work In Process stood at $155.7 million in 2022, then jumped by 231.54% to $516.3 million in 2023, then slipped by 26.59% to $379.1 million in 2024, then soared by 515.09% to $2.3 billion in 2025, then declined by 28.03% to $1.7 billion in 2026.
- According to Business Quant data, Work In Process over the past three periods registered $1.7 billion, $2.0 billion, and $2.3 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Dell Technologies | 362.97 Bn | 351.40 Bn | 9.83 Bn |
| 2 | Arista Networks | 251.55 Bn | 238.20 Bn | 1.91 Bn |
| 3 | Sandisk | 238.47 Bn | 233.71 Bn | 7.58 Bn |
| 4 | Seagate Technology Holdings | 188.28 Bn | 186.57 Bn | 1.90 Bn |
| 5 | Western Digital | 161.43 Bn | 159.85 Bn | 2.03 Bn |
| 6 | Hewlett Packard Enterprise | 82.45 Bn | 76.23 Bn | 4.93 Bn |
| 7 | NetApp | 39.14 Bn | 35.57 Bn | 1.42 Bn |
| 8 | Everpure | 32.71 Bn | 31.71 Bn | 811.39 Mn |
| 9 | Super Micro Computer | 26.34 Bn | 18.82 Bn | 1.94 Bn |
| 10 | Penguin Solutions | 2.62 Bn | 2.38 Bn | 133.21 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.68 Bn |
| Mar 31, 2026 | 1.99 Bn |
| Dec 31, 2025 | 2.33 Bn |
| Sep 30, 2025 | 1.26 Bn |
| Jun 30, 2025 | 674.61 Mn |
| Mar 31, 2025 | 454.40 Mn |
| Dec 31, 2024 | 379.06 Mn |
| Sep 30, 2024 | 757.93 Mn |
| Jun 30, 2024 | 450.99 Mn |
| Mar 31, 2024 | 640.53 Mn |
| Dec 31, 2023 | 516.33 Mn |
| Sep 30, 2023 | 333.69 Mn |
| Jun 30, 2023 | 71.87 Mn |
| Mar 31, 2023 | 159.99 Mn |
| Dec 31, 2022 | 155.74 Mn |
| Sep 30, 2022 | 333.09 Mn |
| Jun 30, 2022 | 209.58 Mn |
| Mar 31, 2022 | 253.25 Mn |
| Dec 31, 2021 | 220.41 Mn |
| Sep 30, 2021 | 172.59 Mn |