Tech companies ranked by r&d spending
Which tech companies spend the most on R&D?
Alphabet leads with $61.1B (FY2025)
Method and sources
Research and development expense. Latest fiscal year per company (FY2025, FY2026); fiscal years end on different dates, so years are not calendar-aligned.
Amounts are never converted between currencies. Only companies reporting in US dollars are ranked; 8 companies reporting in another currency are listed below the table in their own currency.
Not ranked: Amazon, Cerebras, Flex, Monolithic Power, onsemi, Take-Two, Teradyne, Western Digital (no SEC value for the latest fiscal year in the data).
Equal rounded values share a rank (marked “=”).
Derived = calculated by Hollsteen from reported SEC values; reported = as tagged in the filing. Each row links to the filing. SEC filings only, no market data.
All 84 companies (USD)
Not ranked: reported in another currency
Shown in the filing currency; not converted, not comparable with the USD ranking.
| Company | R&D spending | Currency | Fiscal year | Filing |
|---|---|---|---|---|
| SAP | €6.6B | EUR | FY2025 | 20-F · Feb 26, 2026 |
| Nokia | €4.9B | EUR | FY2025 | 20-F · Mar 5, 2026 |
| ASML | €4.7B | EUR | FY2025 | 20-F · Feb 25, 2026 |
| Spotify | €1.4B | EUR | FY2025 | 20-F · Feb 10, 2026 |
| Ericsson | SEK 48.9B | SEK | FY2025 | 20-F · Mar 12, 2026 |
| TSMC | NT$246.4B | TWD | FY2025 | 20-F · Apr 16, 2026 |
| ASE Technology | NT$32.9B | TWD | FY2025 | 20-F · Apr 1, 2026 |
| UMC | NT$17.7B | TWD | FY2025 | 20-F · Apr 30, 2026 |
More rankings: Revenue · Net income · Free cash flow · Gross margin · Operating margin · Net margin · 3-year revenue growth · R&D as % of revenue · Stock-based compensation as % of revenue · Share buybacks