What is Super Micro Computer, Inc.'s R&D?

Super Micro Computer, Inc. (SMCI) reported R&D of $215.66M in Q1 2026.

How has Super Micro Computer, Inc.'s R&D changed year-over-year?

Super Micro Computer, Inc.'s R&D increased by 32.4% year-over-year, from $162.86M to $215.66M.

What is the long-term trend for Super Micro Computer, Inc.'s R&D?

Over 3 years (2022 to 2025), Super Micro Computer, Inc.'s R&D has grown at a 32.7% compound annual growth rate (CAGR), from $272.27M to $636.55M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Super Micro Computer, Inc. SMCI R&D

R&D at other companies

Cisco Systems, Inc.CSCO

$2.38B+1.8%

One Stop Systems, Inc.OSS

$817.04K-32.2%

Dell TechnologiesDELL

$983M+21.7%

Hewlett Packard EnterpriseHPE

$922M+70.7%

CelesticaCLS

$46.3M+36.2%

Marvell Technology, Inc.MRVL

$652.3M+28.5%

Other financials

Income statement

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Revenue$10.2B+123%

Gross profit$1.0B+131%

Operating income$625.9M+326%

Net income$483.4M+344%

EPS (diluted)$0.72+324%

Balance sheet

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Cash & equivalents$1.3B-47.2%

Total debt$6.3B+1,983%

Total equity$7.6B+18.7%

Total assets$23.5B+118%

Cash flow

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Operating cash flow-$6.6B-1,155%

CapEx$80.3M+145%

Free cash flow-$6.7B-1,227%

Valuation

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Market cap$18.4B-47.4%

Enterprise value$23.36B-22.7%

P/E14.8×-18.6×

P/S0.6×-1.1×

Profitability

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Gross margin8.4%-2.9pp

Operating margin4.5%-1.6pp

Net margin3.7%-1.6pp

FCF margin-20.3%—

Returns & leverage

See full

Return on equity17.9%-2.2pp

Debt / equity0.8×+0.8×

Current ratio2.7×-4.0×

Where this comes from

Reported directly by Super Micro Computer, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Super Micro Computer, Inc.’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Super Micro Computer, Inc.'s R&D?: Super Micro Computer, Inc. (SMCI) reported R&D of $215.66M in Q1 2026.
How has Super Micro Computer, Inc.'s R&D changed year-over-year?: Super Micro Computer, Inc.'s R&D increased by 32.4% year-over-year, from $162.86M to $215.66M.
What is the long-term trend for Super Micro Computer, Inc.'s R&D?: Over 3 years (2022 to 2025), Super Micro Computer, Inc.'s R&D has grown at a 32.7% compound annual growth rate (CAGR), from $272.27M to $636.55M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.