— Know what they know.
/
Not Investment Advice

SMCI

NASDAQ · USD
Super Micro Computer, Inc.
Technology · Computer Hardware
CEO Charles Liang Employees 7,000 R&D / revenue 2.0%
Last price
$31.63−9.86%last session
Market cap
$20.8B
P/E (TTM)
8.7x
From 52w high
−44.1%
From 52w low
+62.4%
1-year return
−41.3%
RSI 14 · vs SMA200
30.2 · −2.6%
IS score
30.9/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

SMCI   SPY   XLK (sector ETF) · weekly closes
406080100120140Jan 26Apr 26Jul 26Oct 26XLK 129SPY 116SMCI 59

Score DNA

Each bar is a 0-100 score within the scored universe
49
Profitability
78
Growth
86
Value
0
Momentum
90
Risk (safety)
0
Quality
89
Balance sheet
9
Earnings quality

Flags

Strengths
None of the computed strength flags fires.
Warnings
▲ Beneish M above -1.78▲ Negative free cash flow▲ Share count rising▲ High accruals
Observations
Moat model: Weak, Cost AdvantagePiotroski 5 / 9Altman Z 3.5Beta 2.002 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
8 open-market sales, $24.4M
Form 144 notices (12m): 10, $15.1M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+67
149 new holders, 76 closed
771 filers hold 75.0% · 303 added, 234 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+224
925 funds adding shares
701 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
44.5%
20-day avg 46.6%, 50-day avg 46.6%
Latest 2.1 pp under its 20-day average · a flow, not short interest

Key financials · FY2026

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$39.1B
Revenue growth YoY+77.8%
Gross margin10.8%
Operating income$2.8B
Operating margin7.1%
Net income$2.2B
Net margin5.7%
EPS (diluted)$3.26
Cash flow
Operating cash flow−$6.8B
Capital expenditure$162.0M
Free cash flow−$7.0B
FCF conversion (FCF / OCF)102.4%
Stock-based compensation$412.1M
FCF less SBC−$7.4B
Buybacks$0
Dividends$0
Balance sheet & returns
Cash & short-term investments$7.5B
Total debt$8.7B
Net debt$1.2B
Shareholders' equity$14.5B
Goodwill & intangibles$0
Debt / equity0.46
ROE (TTM)25.1%
ROIC (TTM)9.7%
Operating margin by fiscal year
6.5%FY202210.7%FY20238.1%FY20245.7%FY20257.1%FY2026
Revenue $5.2B (FY2022) to $39.1B (FY2026), a 65.6% CAGR.

Valuation

P/E (TTM)8.7x
EV / EBITDA6.5x
Price / sales0.53x
Price / FCFn/m
FCF yield-33.55%
Buyback yield0.00%
SBC / revenue0.3%
Price / book1.31x
Forward P/E FY20277.3x
Forward P/E FY20285.9x
Forward multiples divide today's price by Street EPS estimates. Street mean target $41.60 across 10 analysts last quarter is theirs, not ours.

SMCI vs industry median

86 companies in Computer Hardware
Gross margin 10.8% 38.4% Operating margin 7.1% -0.1% Net margin 5.7% -3.2% ROIC 9.7% 1.1%
SMCI (TTM)Industry median Asset turnover 1.30 vs industry 0.78 · financial leverage 2.07

Earnings delivery

Next report 2026-11-03 · consensus EPS $1.04
67%
beat rate, 8 of 12 quarters
+4.4%
median EPS surprise
3
longest beat streak
+6+2+16-22+2+28-24-8-7+41+36+84
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-01 to 2026-08-11. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
SMCI Super Micro Computer, Inc. $20.8B8.7x25.1%5.7%+77.8% −41.3%
HPQ HP Inc. $27.1B11.3x-493.7%4.2%+8.1% +16.0%
LOGI Logitech International S.A. $15.0B19.1x35.2%19.2%+6.6% −3.9%
IONQ IonQ, Inc. $12.7Bn/m-63.0%—+370.6% −52.3%
NTAP NetApp, Inc. $40.0B28.4x114.8%18.5%+12.2% +73.3%
P Everpure, Inc. $41.3B163.2x17.7%6.3%+45.1% —
HPE Hewlett Packard Enterprise C $73.2B27.4x10.8%12.6%+26.6% —
QBTS D-Wave Quantum Inc. $4.4Bn/m-28.0%—−44.2% —
12-month window: SPY +15.9%, sector ETF XLK +29.0%. Past returns describe history only.

Recent 8-K filings

2026-06-15Material Agreement; Bylaws Amendment; Exhibits
2026-06-12Material Agreement; Regulation FD; Exhibits
2026-06-09Other Events; Exhibits
2026-05-18Officer/Director Change; Exhibits
2026-05-05Earnings Release; Exhibits
2026-04-20Officer/Director Change; Shareholder Vote; Exhibits

Context

Shares outstanding656,965,000
Free float84.9%
Institutional ownership75.0%
Beta2.00
Dividend yield0.00%
Last dividendNone on file
50 / 200-day average$38.62 / $32.46
Large-cap Technology median P/E34.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where SMCI sits among 21 scored companies in Computer Hardware (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureSMCIIndustry medianIndustry percentileSector median
P/E (TTM) 9.3x 25.2x
0th		 32.0x
PEG (P/E ÷ 3-yr EPS CAGR) 0.23 0.74
0th		 1.36
Price / sales 0.5x 5.4x
5th		 3.9x
Price / book 1.4x 5.2x
12th		 4.4x
Price / tangible book 1.4x 9.6x
7th		 8.8x
Price / free cash flow —
Price / operating cash flow —
Enterprise value $22.0B $13.3B
55th		 $5.5B
EV / sales 0.6x 5.3x
5th		 4.1x
EV / EBITDA 7.1x 14.0x
8th		 18.9x
EV / EBIT 7.4x 17.4x
8th		 26.7x
EV / free cash flow —
Earnings yield 10.7% 2.2%
100th		 2.0%
FCF yield -33.6% 2.3%
0th		 3.3%
Operating cash flow yield -32.8% 2.4%
0th		 4.4%
Graham number (per share) $38.66 $34.53
60th		 $28.08

Profitability (TTM)

MeasureSMCIIndustry medianIndustry percentileSector median
Gross margin 10.8% 37.8%
15th		 55.7%
EBITDA margin 7.9% 9.0%
47th		 13.7%
Operating margin 7.1% 5.6%
55th		 8.2%
EBIT margin 7.6% 6.4%
58th		 8.6%
Net margin 5.7% 5.7%
50th		 5.7%
NOPAT margin 5.7% 4.9%
55th		 7.0%
FCF margin -17.8% 5.7%
25th		 15.0%
Operating cash flow margin -17.4% 7.9%
25th		 18.4%
R&D / revenue 2.0% 9.8%
0th		 12.9%
SG&A / revenue 1.8% 30.5%
0th		 25.6%
Stock comp / revenue 0.3% 1.9%
5th		 4.4%
Effective tax rate 19.9% 19.9%
50th		 21.0%

Returns on capital

MeasureSMCIIndustry medianIndustry percentileSector median
ROE (on average equity) 21.5% 14.3%
59th		 9.4%
ROA 10.1% 5.5%
60th		 4.1%
ROIC 14.1% 14.1%
50th		 9.0%
ROCE 13.1% 13.1%
50th		 8.6%
Return on tangible assets 13.6% 7.5%
55th		 5.9%
Cash ROIC (OCF / invested capital) -43.4% 30.8%
0th		 20.7%
Gross profitability (GP / assets) 14.1% 25.6%
25th		 30.0%
ROIC, 3-yr average —
ROIC, 5-yr average -6.2% 1.8%
36th		 7.9%
ROE, 5-yr average 21.2% -3.9%
71st		 6.9%
Incremental ROIC 11.4% 11.4%
50th		 15.3%

Growth

MeasureSMCIIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 77.8% 26.6%
85th		 14.3%
Revenue growth (QoQ) 8.6% 12.1%
40th		 6.6%
Revenue CAGR, 3 yr 76.3% 5.1%
89th		 9.6%
Revenue CAGR, 5 yr 61.5% 3.6%
94th		 11.5%
Gross profit CAGR, 3 yr 48.8% 11.0%
75th		 10.9%
Operating income CAGR, 3 yr 53.8% 27.4%
88th		 11.3%
Net income growth (TTM YoY) 112.7% 112.7%
50th		 21.6%
Net income CAGR, 3 yr 51.6% 34.0%
86th		 9.9%
EPS growth (TTM YoY) 90.5% 90.5%
50th		 22.3%
EPS CAGR, 3 yr 41.3% 32.6%
86th		 11.2%
EPS CAGR, 5 yr 72.1% 19.8%
100th		 12.0%
FCF growth (TTM YoY) —
FCF CAGR, 3 yr —
Operating cash flow CAGR, 3 yr —
Book value CAGR, 3 yr 81.2% 20.5%
100th		 6.8%
Dividend CAGR, 3 yr —
Sustainable growth rate 21.5% 24.8%
40th		 14.2%

Margin history & stability

MeasureSMCIIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 11.9% 36.2%
0th		 53.2%
Operating margin, 3-yr average 7.0% 6.2%
56th		 6.6%
Net margin, 3-yr average 6.1% 4.8%
67th		 5.2%
FCF margin, 3-yr average -9.4% 4.6%
28th		 12.7%
Revenue stability (0-1) 0.85 0.46
89th		 0.87
Earnings stability (0-1) 0.88 0.38
84th		 0.45
Margin stability (0-1) 0.78 0.85
37th		 0.95

Liquidity (latest quarter)

MeasureSMCIIndustry medianIndustry percentileSector median
Cash & short-term investments $7.5B $1.6B
90th		 $494.1M
Net cash (− = net debt) −$1.2B $386.0M
20th		 $49.8M
Working capital $20.6B $969.7M
100th		 $391.0M
Current ratio 3.87 2.31
75th		 1.92
Quick ratio 2.07 1.95
60th		 1.67
Cash ratio (cash + ST investments / current liabilities) 1.05 1.05
50th		 0.95
Defensive interval (days) 3,419 days 730 days
95th		 521 days

Leverage & solvency (latest quarter)

MeasureSMCIIndustry medianIndustry percentileSector median
Total debt $8.7B $109.2M
85th		 $349.3M
Debt / equity 0.60 0.03
82nd		 0.29
Net debt / equity 0.08 −0.50
88th		 −0.13
Debt / assets 29.1% 4.3%
95th		 16.9%
Debt / capital 37.6% 3.2%
82nd		 22.3%
Debt / EBITDA 2.84 0.72
92nd		 1.78
Net debt / EBITDA 0.39 −0.41
69th		 −0.18
Interest coverage (EBIT / interest) 15.3x 14.0x
57th		 5.8x
Cash interest coverage −35.0x 12.9x
7th		 12.8x
Debt payback (years of OCF) —
Liabilities / assets 51.6% 45.3%
65th		 48.7%
IS credit model rating A+ — —
Implied credit spread (bps) 125 150
30th		 175

Efficiency

MeasureSMCIIndustry medianIndustry percentileSector median
Asset turnover 1.78 0.92
100th		 0.62
Fixed asset turnover 62.45 7.42
100th		 9.25
Inventory turnover 4.0 4.0
50th		 3.8
Receivables turnover 9.4 7.1
90th		 6.2
Days sales outstanding 39 days 52 days
10th		 59 days
Days inventory outstanding 92 days 92 days
50th		 94 days
Days payables outstanding 18 days 80 days
0th		 46 days
Cash conversion cycle (days) 113 days 53 days
75th		 50 days
Capex / revenue 0.4% 3.2%
5th		 2.3%
Capex / depreciation 1.79 1.11
85th		 0.56
Operating expense ratio 4.1% 33.0%
0th		 44.3%

Cash flow & earnings quality

MeasureSMCIIndustry medianIndustry percentileSector median
Operating cash flow / net income −3.05 1.34
0th		 1.61
FCF / net income −3.13 1.16
0th		 1.33
FCF / operating cash flow —
Capex / operating cash flow —
Accruals ratio 41.1% -5.4%
95th		 -6.3%
Sloan accruals ratio 47.9% 2.9%
90th		 -1.8%
Earnings quality score (0-1) 0.25 0.75
0th		 0.75

Dividends & buybacks

MeasureSMCIIndustry medianIndustry percentileSector median
Dividend yield 0.0% 0.0%
0th		 0.0%
Dividend per share (TTM) $0.00 $0.00
0th		 $0.00
Payout ratio (dividends / net income) 0.0% 13.8%
0th		 0.0%
Dividends / FCF —
Dividend growth (YoY) —
Buyback yield 0.0% 0.3%
0th		 1.2%
Shareholder yield (dividends + buybacks) 0.0% 0.4%
0th		 1.7%
Share count change (YoY) 11.6% 4.3%
65th		 0.1%
Buybacks, last 5 years $0 $139.8M
0th		 $215.3M

Scores & forensic checks

MeasureSMCIIndustry medianIndustry percentileSector median
IS score 31 55
15th		 56
IS profitability 49 31
65th		 40
IS growth 78 65
75th		 65
IS value 86 45
100th		 39
IS momentum 0 80
0th		 78
IS risk (safety) 90 100
35th		 100
IS quality 0 63
0th		 67
IS balance sheet 89 81
70th		 72
IS earnings quality 9 61
0th		 61
IS cash flow 8 54
0th		 66
Piotroski F-score (0-9) 5 6
30th		 6
Altman Z-score 3.5 5.0
35th		 4.0
Beneish M-score 0.02 −2.37
89th		 −2.58
Ohlson O-score −8.54 −7.92
30th		 −8.00
IS credit score 77 74
60th		 69

Per share

MeasureSMCIIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $3.20 $0.73
70th		 $0.84
Book value per share $20.76 $7.08
90th		 $9.77
Tangible book per share $24.06 $1.76
95th		 $3.22
Revenue per share $56.02 $13.29
85th		 $13.00
FCF per share −$10.00 $0.70
0th		 $1.78
Operating cash flow per share −$9.77 $0.97
0th		 $2.40
Cash per share $10.79 $4.25
80th		 $4.50

Size (TTM)

MeasureSMCIIndustry medianIndustry percentileSector median
Market cap $20.8B $15.0B
55th		 $4.7B
Revenue $39.1B $4.3B
85th		 $1.2B
EBITDA $3.1B $986.1M
65th		 $185.8M
Net income $2.2B $253.3M
65th		 $84.9M
Free cash flow −$7.0B $128.2M
0th		 $170.6M
Total assets $29.9B $5.2B
85th		 $2.4B
Shareholders' equity $14.5B $1.5B
85th		 $1.1B
Employees 7,000 5,115
60th		 3,000

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-07Liu Liang Chiu-Chu Sara
Director, 10 percent owner:
Open-market sale 100,000$45.02$4.5M337,506
2026-10-07Liang Charles
Director, 10 percent owner, President an
 Open-market sale 100,000$45.02$4.5M337,506
2026-09-04Liang Charles
Director, 10 percent owner, President an
 Open-market sale 100,000$40.00$4.0M437,506
2026-09-04Liu Liang Chiu-Chu Sara
Director, 10 percent owner:
Open-market sale 100,000$40.00$4.0M437,506
2026-09-03Liang Charles
Director, 10 percent owner, President an
 Open-market sale 42,565$36.60$1.6M594,941
2026-09-03Liang Charles
Director, 10 percent owner, President an
 Open-market sale 57,435$37.62$2.2M537,506
2026-09-03Liu Liang Chiu-Chu Sara
Director, 10 percent owner:
Open-market sale 42,565$36.60$1.6M594,941
2026-09-03Liu Liang Chiu-Chu Sara
Director, 10 percent owner:
Open-market sale 57,435$37.62$2.2M537,506
2026-08-27Weigand David E
SVP, Chief Financial Officer
 Award / grant 24,093——24,093
2026-08-27Malyala Vikranth
SVP, Chief Business Officer
 Award / grant 8,060——8,060
2026-08-27Xiao Jin
Sr. Corporate VP, Engineering
 Award / grant 2,112——2,112
2026-08-17Xiao Jin
Sr. Corporate VP, Engineering
 Option exercise 4,000——196,022

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MayJunJulAugSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired18204,171$3.0M
GiftDisposed2680,000—
Open-market saleDisposed8600,000$24.4M
Option exerciseDisposed53141,787—
Option exerciseAcquired53141,787—
Tax withholdingDisposed4854,836$1.8M
—Disposed10323,625$8.9M
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 10 notices · 454,425 shares · $15.1M
FiledFilerShares proposedEst. proceeds
2026-05-26Yih-Shyan W Liaw20,216$741,956
2026-05-22Yih-Shyan W Liaw136,126$4.8M
2026-05-20Yih-Shyan W Liaw20,000$622,500
2026-05-20Yih-Shyan W Liaw54,670$1.8M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 2 trades (0 purchases) · Senate 4 (2 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-01-13Ro KhannaHouseSale$1,001 - $15,0002026-02-10
2025-12-31John BoozmanSenateSale$1,001 - $15,0002026-01-13
2025-12-31John BoozmanSenateSale (Full)$1,001 - $15,0002026-01-12
2025-12-11John BoozmanSenatePurchase$1,001 - $15,0002026-01-13
2025-12-11John BoozmanSenatePurchase$1,001 - $15,0002026-01-12
2025-11-11Gilbert Ray CisnerosHouseSale (Partial)$1,001 - $15,0002025-12-15
2025-09-05Gilbert CisnerosHousePurchase$1,001 - $15,0002025-10-13
2025-09-04Gilbert Ray CisnerosHousePurchase$1,001 - $15,0002025-10-10
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.47,686,321$1.4B7.26%
VANGUARD CAPITAL MANAGEMENT LLC36,356,823$1.1B5.53%
VANGUARD PORTFOLIO MANAGEMENT LLC32,864,645$963.9M5.00%
STATE STREET CORP24,635,554$722.6M3.75%
UBS Group AG19,678,327$577.2M3.00%
GEODE CAPITAL MANAGEMENT, LLC15,510,079$453.2M2.36%
Invesco Ltd.11,716,747$343.7M1.78%
GOLDMAN SACHS GROUP INC11,085,764$325.1M1.69%
TWO SIGMA INVESTMENTS, LP9,783,845$287.0M1.49%
BNP PARIBAS FINANCIAL MARKETS7,682,632$225.3M1.17%
RENAISSANCE TECHNOLOGIES LLC6,785,600$199.0M1.03%
NORGES BANK6,312,211$185.1M0.96%
MORGAN STANLEY5,849,962$171.6M0.89%
Sixth Street Partners Management Company, L.P.4,720,332$138.4M0.72%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC4,720,332$138.4M0.72%

Institutional ownership by quarter

2023-092026-0675.0%
% of shares held by 13F filers
2023-092026-06771
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-3077175.0%14930323476
2026-03-3170456.1%99273247130
2025-12-3175054.8%124248299198
2025-09-3084065.3%150303296114
2025-06-3082350.7%17631425088
2025-03-3174750.3%17929320797
2024-12-3167451.5%62738616
2024-09-30632.9%61103
2024-06-3050.0%4100
2024-03-3110.0%1000
2023-12-3110.0%1001
2023-09-3010.0%1000

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-06-18SCHEDULE 13G/AJane Street Singapore Pte. Ltd0.0%11,818
2026-06-18SCHEDULE 13GSusquehanna Securities, LLC6.2%40,330,986
2026-06-16SCHEDULE 13GJane Street Singapore Pte. Ltd0.0%11,818
2026-04-30SCHEDULE 13GVanguard Capital Management6.3%37,930,655
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.03%$719.5M
VSMPX0.03%$719.5M
VTI0.03%$719.5M
VTSAX0.03%$719.5M
VFINX0.04%$607.0M
VFFSX0.04%$607.0M

Share structure

Shares outstanding656,965,000
Float557,724,193
Free float84.9%

Income statement

Fiscal years, USD
FY2022FY2023FY2024FY2025FY2026
Revenue$5.2B$7.1B$15.0B$22.0B$39.1B
Cost of revenue$4.4B$5.8B$12.9B$19.5B$34.8B
Gross profit$800.0M$1.3B$2.1B$2.4B$4.2B
R&D$272.3M$307.3M$463.5M$636.5M$771.2M
SG&A$190.6M$214.6M$387.1M$540.4M$685.5M
Operating income$337.2M$761.1M$1.2B$1.3B$2.8B
EBITDA$375.7M$799.7M$1.3B$1.3B$3.1B
Pretax income$338.0M$750.7M$1.2B$1.2B$2.8B
Income tax$52.9M$110.7M$63.3M$156.9M$556.3M
Net income$285.2M$640.0M$1.2B$1.0B$2.2B
EPS, diluted$1.14$2.01$1.68$1.68$3.26
Diluted shares559.7M602.1M628.4M628.4M697.3M

Balance sheet

FY2022FY2023FY2024FY2025FY2026
Cash & short-term investments$267.4M$440.5M$1.7B$5.2B$7.5B
Receivables$858.9M$1.2B$2.7B$2.2B$6.1B
Inventory$1.5B$1.4B$4.3B$4.7B$12.9B
Total current assets$2.8B$3.2B$8.9B$12.3B$27.7B
PP&E, net$286.0M$290.2M$414.0M$798.2M$625.6M
Goodwill & intangibles$0$0$0$0$0
Total assets$3.2B$3.7B$9.8B$14.0B$29.9B
Accounts payable$655.4M$776.8M$1.5B$1.3B$2.2B
Total current liabilities$1.5B$1.4B$2.3B$2.3B$7.2B
Long-term debt$147.6M$120.2M$1.8B$4.7B$6.7B
Total liabilities$1.8B$1.7B$4.4B$7.7B$15.5B
Shareholders' equity$1.4B$2.0B$5.4B$6.3B$14.5B

Cash flow statement

Outflows are negative
FY2022FY2023FY2024FY2025FY2026
Net income$285.2M$640.0M$1.2B$1.0B$2.2B
Depreciation & amortization$32.5M$34.9M$38.7M$58.3M$90.3M
Stock-based compensation$32.8M$54.4M$231.5M$314.5M$412.1M
Change in working capital−$769.8M$26.9M−$3.8B$390.0M−$9.6B
Operating cash flow−$440.8M$663.6M−$2.5B$1.7B−$6.8B
Capital expenditure−$45.2M−$36.8M−$124.3M−$127.2M−$162.0M
Free cash flow−$486.0M$626.8M−$2.6B$1.5B−$7.0B
Investing cash flow−$46.3M−$39.5M−$194.2M−$183.2M−$200.3M
Net debt issued / repaid$512.5M−$300.6M$1.9B$2.6B$3.9B
Buybacks$0−$150.0M$0−$200.0M$0
Dividends paid$0$0$0$0$0

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2022FY2023FY2024FY2025FY2026
Gross margin15.4%18.0%13.8%11.1%10.8%
Operating margin6.5%10.7%8.1%5.7%7.1%
Net margin5.5%9.0%7.7%4.8%5.7%
FCF margin-9.4%8.8%-17.4%7.0%-17.8%
ROE22.6%37.7%31.2%17.9%21.5%
ROIC16.0%35.6%19.4%18.4%14.1%
ROA10.5%18.6%17.1%8.8%10.1%
Debt / equity0.440.150.400.760.60
Interest coverage53.5x72.9x63.2x21.3x15.3x
Current ratio1.912.313.815.253.87
Revenue growth+46.1%+37.1%+110.4%+46.6%+77.8%
EPS growth+148.0%+115.5%+60.0%−7.3%+90.5%
P/E at year end7.7x22.0x45.2x29.2x9.2x
EV / EBITDA at year end6.8x17.4x41.7x22.7x7.0x
FCF yield at year end-22.17%4.45%-5.00%5.01%-34.09%
Dividend payout0.0%0.0%0.0%0.0%0.0%

Revenue by segment

FY2022FY2023FY2024FY2025FY2026
Server And Storage Systems$4.5B$6.6B$14.2B$21.3B$538.3M
Subsystems and accessories$732.3M$553.7M$804.0M$660.4M$420.3M

Revenue by region · FY2026

UNITED STATES$27.7B · 71%
Asia$6.1B · 16%
Europe$2.7B · 7%
Other region$2.6B · 7%

Street estimates by fiscal year

Next report 2026-11-03 · consensus EPS $1.04 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$39.5B$39.0B – $40.1B$2.80$2.68 – $2.861011.3x
2027$67.1B$64.5B – $68.7B$4.34$3.92 – $4.96117.3x
2028$79.0B$71.8B – $89.6B$5.35$4.59 – $6.51105.9x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-11$0.92$1.70+84.2%$11.6B$11.1B−4.1%
2026-05-05$0.62$0.84+36.1%$12.4B$10.2B−17.3%
2026-02-03$0.49$0.69+40.8%$10.4B$12.7B+21.7%
2025-11-04$0.37$0.35−6.6%$5.8B$5.0B−14.0%
2025-08-05$0.45$0.41−7.9%$6.0B$5.8B−3.7%
2025-05-06$0.41$0.31−24.5%$5.0B$4.6B−8.1%
2025-02-25$0.58$0.75+28.4%$5.7B$5.7B+0.5%
2024-11-05$0.73$0.75+2.5%$6.3B$6.0B−6.2%
2024-08-06$0.81$0.63−22.4%$5.3B$5.4B+0.7%
2024-04-30$0.58$0.67+15.5%$5.3B$3.9B−27.3%
2024-01-29$0.55$0.56+1.8%$3.1B$3.7B+20.0%
2023-11-01$0.32$0.34+6.3%$2.1B$2.1B+2.7%
2023-08-08$0.34$0.35+2.9%$2.1B$2.2B+4.9%
2023-05-02$0.17$0.16−5.9%$1.7B$1.3B−24.8%
2023-01-31$0.31$0.33+6.5%$1.7B$1.8B+3.2%
2022-11-01$0.31$0.34+9.7%$1.7B$1.9B+12.0%
2022-08-09$0.23$0.26+13.0%$1.6B$1.6B+5.1%
2022-05-03$0.15$0.16+6.7%$1.2B$1.4B+9.9%
2022-02-01$0.08$0.09+12.5%$1.2B$1.2B+1.7%
2021-11-02$0.04$0.06+54.6%$750.1M$1.0B+37.7%
2021-08-10$0.08$0.080.0%$1.1B$1.1B+0.0%
2021-05-04$0.05$0.050.0%$820.8M$895.9M+9.1%
2021-02-02$0.05$0.06+20.0%$821.6M$830.3M+1.1%
2020-11-03$0.01$0.05+237.8%$986.2M$762.2M−22.7%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.906-151.306-220.906-290.507-060.407-131.207-200.707-270.608-031.908-101.008-170.908-240.708-31
Week ofNotionalSharesTrades
2026-08-31$739.1M19,489,918206,694
2026-08-24$871.7M23,382,940238,163
2026-08-17$1.0B27,814,029272,669
2026-08-10$1.9B51,381,636462,334
2026-08-03$624.9M20,593,017216,643
2026-07-27$684.6M24,452,072259,328

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1544.5%
DateShort shareShort volumeTotal volume
2026-10-1544.5%7,074,28515,902,560
2026-10-1448.0%7,335,22115,273,410
2026-10-1342.1%4,688,51311,128,231
2026-10-1243.6%5,607,33912,864,196
2026-10-0943.1%6,220,98114,448,624
2026-10-0844.7%8,351,13418,673,230
2026-10-0746.0%8,422,98218,308,346
2026-10-0641.7%5,644,22313,548,204
2026-10-0553.6%6,158,02811,483,137
2026-10-0245.6%9,454,60020,736,393
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+9.0Jan+7.0Feb-0.7Mar-3.4Apr+11.3May+2.0Jun+2.7Jul-4.5Aug+1.0Sep-4.7Oct+5.0Nov+3.4Dec
MonthAvg returnUp yearsYears
Jan+9.0%58%19
Feb+7.0%63%19
Mar−0.7%50%20
Apr−3.4%37%19
May+11.3%63%19
Jun+2.0%53%19
Jul+2.7%58%19
Aug−4.5%32%19
Sep+1.0%53%19
Oct−4.7%47%19
Nov+5.0%68%19
Dec+3.4%63%19
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1430.2
MFI27.3
ADX26.3
Stochastic %K / %D7.7 / 8.2
Williams %R-98.6
CCI-254
TSI / signal-7.2 / 9.9
Chaikin money flow0.01
ATR$2.55
Bollinger width30.9%
Volume vs 20-day avg1.27x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$40.81 (−22.5%)
SMA 50$38.67 (−18.2%)
SMA 200$32.47 (−2.6%)
EMA 21$39.28 (−19.5%)
EMA 50$38.08 (−16.9%)
EMA 200$35.38 (−10.6%)
Bollinger upper$47.12 (−32.9%)
Bollinger lower$34.50 (−8.3%)
Parabolic SAR$42.33 (−25.3%)
Open the live chart, 110+ indicators

About Super Micro Computer, Inc.

Super Micro Computer, Inc., together with its subsidiaries, develops and sells server and storage solutions based on modular and open-standard architecture in the United States, Asia, Europe, and internationally. The company provides liquid and air-cooled AI servers for training and inferencing with integrated graphics processing units (GPUs) or PCIe based architectures; SuperBlade, MicroBlade, FlexTwin, GrandTwin, and BigTwin blade and multi-node systems; SuperStorage systems; Hyper, CloudDC, and WIO and rackmount systems; embedded (5G/IoT/Edge) systems; and MicroCloud server systems. It also offers workstations and networking devices; and modular server subsystems and accessories, including server boards, chassis, power supplies, and other accessories. In addition, the company provides remote system management solutions, such as Server Management suite comprising Supermicro Server Manager, Supermicro Power Management software, Supermicro Update Manager, SuperCloud Composer, and SuperDoctor 5. Further, the company identifies service requirements; creates and executes project plans; conducts verification testing; offers training; and provides technical documentation. Additionally, it offers rack level services from design to deployment for full rack and cluster level deployments of AI and HPC datacenters; help desk services and on-site product support; and warranties, maintenance, and technical support services. The company serves enterprise data centers, cloud computing, artificial intelligence, 5G, and edge computing markets through direct and indirect sales force, distributors, value-added resellers, system integrators, and original equipment manufacturers. Super Micro Computer, Inc. was incorporated in 1993 and is headquartered in San Jose, California.

https://www.supermicro.com

Key executives

NameTitlePayBorn
Vik MalyalaChief Business Officer$1.0M—
Vikranth MalyalaChief Business Officer$1.0M—
David E. WeigandCFO, Company Secretary & Senior VP$1.0M1958
Jin XiaoSenior Corporate Vice President of Engineering$610,8301964
Shin-Chun HsuSr. Chief Executive of Strategic Business$306,1011949
Charles LiangFounder, Chairman of the Board, President & Chief Executive Officer$11958
DeAnna LunaActing Chief Compliance Officer——
Michael Thomas StaigerSenior Vice President of Corporate Development——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
David Weigand Senior Vice President, Chief Financial Officer and Chief Compliance Officer2025$557,958$1.2M$55,638$2.0M
George Kao Former Senior Vice President, Operations2025$417,823$813,363$58,851$1.9M
Don Clegg Senior Vice President, Worldwide Sales2025$426,474$661,883$139,534$1.3M
Charles Liang President, Chief Executive Officer and Chairman of the Board2025$1$0$0$442

Employees

4k20194k20204k20215k20225k20236k20246k20257k2026

Dividends

Ex-dateAmountPaid
None on file.

Moat model

Weak · Cost Advantage · 2026-06-30
Cost advantage79
Intangibles19
Switching costs50
Network effect70
Efficient scale68
Our component scores (0-100) and overall 53.8; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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