Super Micro Computer, Inc. SMCI

Technology SIC 3571 - Electronic Computers NAICS Manufacturing › Computer and Electronic Product Manufacturing › Computer and Peripheral Equipment Manufacturing › Electronic Computer Manufacturing derived Nasdaq

We are a Silicon Valley-based provider of total information technology ("IT") solutions which address demanding workloads from the enterprise and cloud to the intelligent edge. We deliver rack-scale solutions optimized for various workloads, including artificial intelligence ("AI") and high-performance computing ("HPC"), where acceleration is critical. Additionally, we offer an extensive portfolio of server and storage solutions for enterprise data centers, cloud service providers ("CSPs"), and edge computing applications, such as 5G Telco, Retail and embedded.

During fiscal year 2026, we advanced our transformation into a total data center infrastructure provider through our Data Center Building Block Solutions® ("DCBBS"), an integrated offering that delivers complete, modular AI infrastructure from validated components and sub-systems, ranging from individual graphics processing units ("GPUs") and networking switches to complete racks, site infrastructure, management software, and professional services. This complements our Total IT Solutions, which encompass complete servers, storage systems, modular blade servers, workstations, full-rack scale solutions, networking devices, server sub-systems and server management. These turn-key solutions are designed, developed, validated and installed for leading AI data centers. Our Total IT Solutions are designed for optimal power and thermal management, including using Supermicro's state-of-the-art liquid cooling technologies. We also provide global support and services to help our customers install, upgrade and maintain their computing infrastructure, including liquid-cooling operations. We offer our customers a high degree of flexibility and customization by providing a broad array of server models and configurations from which they can choose the best solutions to meet their computing needs. Our server and storage systems, sub-systems, and accessories are architecturally designed for high reliability, quality, configurability, and scalability.

Last close 32.94 2026-10-23
Market cap $21.64B 2026-06-30 share count
52-week range 19.48 - 54.08

Valuation FY2026 figures against the last close

P/S0.6x
P/E10.1x
P/FCF—
EV/EBITDA7.7x
Dividend yield—
Diluted EPS3.26

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Asia
  • Europe
  • Other
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2026 United States, FY2026: 27.7B (70.9%) 71% United States Asia, FY2026: 6.1B (15.5%) 16% Asia Europe, FY2026: 2.7B (6.8%) 7% Europe Other, FY2026: 2.6B (6.7%) 7% Other FY2025 United States, FY2025: 13.1B (59.4%) 59% Asia, FY2025: 5.5B (25.0%) 25% Europe, FY2025: 2.7B (12.4%) 12% Other, FY2025: 698.3M (3.2%) FY2024 United States, FY2024: 10.2B (68.0%) 68% Asia, FY2024: 2.9B (19.4%) 19% Europe, FY2024: 1.3B (8.6%) 9% Other, FY2024: 595.4M (4.0%) 4%
Region FY2026FY2025FY2024
United States $27.69B $13.05B $10.19B
Asia $6.06B $5.49B $2.91B
Europe $2.67B $2.73B $1.29B
Other $2.64B $698.3M $595.4M

As the company reported it, from the “Segment Information - Schedule of Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $39.06B$21.97B$14.99B$7.12B$5.20B$3.56B$3.34B$3.50B$3.36B$2.48B
Cost of revenue $34.84B$19.54B$12.93B$5.84B$4.40B$3.02B$2.81B$3.00B$2.93B$2.13B
Gross profit $4.23B$2.43B$2.06B$1.28B$800.0M$534.5M$526.2M$495.5M$430.0M$350.0M
R&D $771.2M$636.5M$463.5M$307.3M$272.3M$224.4M$221.5M$179.9M$165.1M$144.0M
SG&A $332.9M$267.2M$197.3M$99.6M$102.4M$100.5M$133.9M$141.2M$98.6M$44.6M
Total operating expenses $1.46B$1.18B$850.6M$521.9M$464.8M$410.6M$440.6M$398.3M$335.3M$255.1M
Operating income $2.77B$1.25B$1.21B$761.1M$335.2M$123.9M$85.7M$97.2M$94.7M$94.9M
Interest expense $194.6M$59.6M$19.4M$10.5M$6.4M$2.5M$2.2M$6.7M$5.7M$2.3M
Pre-tax income $2.79B$1.21B$1.21B$754.3M$336.8M$118.6M$84.8M$89.5M$88.2M$91.6M
Income tax $556.3M$156.9M$63.3M$110.7M$52.9M$6.9M$2.9M$14.9M$38.4M$24.4M
Net income $2.23B$1.05B$1.15B$640.0M$285.2M$111.9M$84.3M$71.9M$46.2M$66.9M
EPS, basic 3.651.772.071.210.552.191.651.440.941.38
EPS, diluted 3.261.681.921.140.532.091.601.390.891.29
Shares, diluted (wtd. avg.) 697.3M628.4M602.1M559.7M536.2M53.5M52.8M51.7M52.2M51.7M

Balance sheet

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $7.52B$5.17B$1.67B$441.0M$268.6M$233.4M$212.4M$262.1M$120.4M$112.8M
Short-term investments $23.1M$6.2M————————
Receivables $6.13B$2.20B$2.74B$1.15B$834.5M$463.8M$403.7M$393.6M$451.4M$324.0M
Inventory $12.90B$4.68B$4.33B$1.45B$1.55B$1.04B$851.5M$670.2M$853.3M$736.7M
Total current assets $27.73B$12.30B$8.93B$3.18B$2.81B$1.87B$1.59B$1.42B$1.53B$1.26B
Property, plant and equipment $625.6M$504.5M$414.0M$290.2M$286.0M$274.7M$233.8M$207.3M$196.6M$195.6M
Total assets $29.95B$14.02B$9.83B$3.67B$3.21B$2.24B$1.92B$1.68B$1.77B$1.52B
Accounts payable $2.25B$1.28B$1.47B$776.8M$655.4M$612.3M$417.7M$360.5M$527.2M$396.9M
Short-term debt ———$170.1M$449.1M$63.5M$23.7M$23.6M$116.2M$161.4M
Total current liabilities $7.16B$2.34B$2.35B$1.37B$1.47B$968.9M$707.6M$606.0M$811.6M$672.5M
Long-term debt ———$120.2M$147.6M$34.7M$5.7M$0—$0
Total liabilities $15.47B$7.72B$4.41B$1.70B$1.78B$1.15B$852.9M$741.4M$925.9M$741.3M
Retained earnings $5.65B$3.43B$2.59B$1.43B$942.9M$657.8M$696.2M$611.9M$532.3M$486.0M
Total equity $14.48B$6.30B$5.42B$1.97B$1.43B$1.10B$1.07B$941.2M$843.7M$773.8M

Cash flow

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow -$6.81B$1.66B-$2.49B$663.6M-$440.8M$123.0M-$30.3M$262.6M$84.3M-$96.2M
Depreciation and amortisation $53.0M$41.0M$30.1M$26.9M$24.8M$28.2M$28.5M$24.2M$21.8M$16.4M
Stock-based compensation $412.1M$314.5M$231.5M$54.4M$32.8M$28.5M$20.2M$21.2M$24.7M$19.7M
Capital expenditure $162.0M$127.2M$124.3M$36.8M$45.2M$58.0M$44.3M$24.8M$24.8M$29.4M
Investing cash flow -$200.3M-$183.2M-$194.2M-$39.5M-$46.3M-$58.0M-$43.6M-$24.8M-$25.9M-$29.4M
Financing cash flow $9.48B$2.02B$3.91B-$448.3M$522.9M-$44.4M$23.8M-$95.8M-$50.8M$57.7M
Buybacks ———————$0$0$18.5M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001375365-26-000022.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B 40B Revenue, FY2017: 2.5B Gross profit, FY2017: 350M Net income, FY2017: 66.9M Revenue, FY2018: 3.4B Gross profit, FY2018: 430M Net income, FY2018: 46.2M Revenue, FY2019: 3.5B Gross profit, FY2019: 495.5M Net income, FY2019: 71.9M Revenue, FY2020: 3.3B Gross profit, FY2020: 526.2M Net income, FY2020: 84.3M Revenue, FY2021: 3.6B Gross profit, FY2021: 534.5M Net income, FY2021: 111.9M Revenue, FY2022: 5.2B Gross profit, FY2022: 800M Net income, FY2022: 285.2M Revenue, FY2023: 7.1B Gross profit, FY2023: 1.3B Net income, FY2023: 640M Revenue, FY2024: 15B Gross profit, FY2024: 2.1B Net income, FY2024: 1.2B Revenue, FY2025: 22B Gross profit, FY2025: 2.4B Net income, FY2025: 1B Revenue, FY2026: 39.1B Gross profit, FY2026: 4.2B Net income, FY2026: 2.2B FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue $2.48B $3.36B $3.50B $3.34B $3.56B $5.20B $7.12B $14.99B $21.97B $39.06B
Gross profit $350.0M $430.0M $495.5M $526.2M $534.5M $800.0M $1.28B $2.06B $2.43B $4.23B
Net income $66.9M $46.2M $71.9M $84.3M $111.9M $285.2M $640.0M $1.15B $1.05B $2.23B

Recent filings and events

  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Material agreement signed Item 1.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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