Current Assets
Work in process
Super Micro Computer, Inc. Work in process decreased by 14.6% to $1.99B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 338.3%, from $454.40M to $1.99B. Over 4 years (FY 2021 to FY 2025), Work in process shows an upward trend with a 70.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ4 2015
Last reportedQ3 2026May 11, 2026
Parent metricInventories
How to read this metric
An increase may indicate production bottlenecks or scaling efforts, while a decrease suggests efficient throughput or reduced manufacturing activity.
Detailed definition
Represents the value of goods that have entered the production process but are not yet finished. For a manufacturer like...
Peer comparison
Peers in medical device manufacturing typically maintain lean WIP levels to optimize cash conversion cycles.
Metric ID:
inv_work_in_progressHistorical Data
20 periods
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $80.47M | $172.59M | $220.41M | $253.25M | $209.58M | $333.09M | $155.74M | $159.99M | $71.87M | $333.69M | $516.33M | $640.53M | $450.99M | $757.93M | $379.06M | $454.40M | $674.61M | $1.26B | $2.33B | $1.99B |
| QoQ Change | — | +114.5% | +27.7% | +14.9% | -17.2% | +58.9% | -53.2% | +2.7% | -55.1% | +364.3% | +54.7% | +24.1% | -29.6% | +68.1% | -50.0% | +19.9% | +48.5% | +86.7% | +85.2% | -14.6% |
| YoY Change | — | — | — | — | +160.4% | +93.0% | -29.3% | -36.8% | -65.7% | +0.2% | +231.5% | +300.3% | +527.5% | +127.1% | -26.6% | -29.1% | +49.6% | +66.1% | +515.1% | +338.3% |
| % of Inventories | 7.7% | 14.6% | 15.8% | 15.9% | 13.6% | 19.2% | 11.0% | 10.4% | 5.0% | 16.3% | 20.9% | 15.5% | 10.4% | 15.4% | 10.5% | 11.7% | 14.4% | 22.0% | 22.0% | 17.9% |
| Share Change | — | +6.8pp | +1.2pp | +0.1pp | -2.4pp | +5.6pp | -8.2pp | -0.6pp | -5.4pp | +11.3pp | +4.7pp | -5.4pp | -5.1pp | +5.0pp | -4.8pp | +1.2pp | +2.7pp | +7.6pp | +0.0pp | -4.1pp |
Range$71.87M – $2.33B
CAGR+96.5%
Avg YoY Growth+138.9%
Median YoY Growth+79.6%
Work in process at Other Companies
Frequently Asked Questions
- What is Super Micro Computer, Inc.'s work in process?
- Super Micro Computer, Inc. (SMCI) reported work in process of $1.99B in Q1 2026.
- How has Super Micro Computer, Inc.'s work in process changed year-over-year?
- Super Micro Computer, Inc.'s work in process increased by 338.3% year-over-year, from $454.40M to $1.99B.
- What is the long-term trend for Super Micro Computer, Inc.'s work in process?
- Over 4 years (2021 to 2025), Super Micro Computer, Inc.'s work in process has grown at a 70.2% compound annual growth rate (CAGR), from $80.47M to $674.61M.
- What does work in process mean?
- The value of goods currently in the middle of the manufacturing process.