SMCI · Super Micro Computer, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.24B | $12.68B | $5.02B | $5.68B | $4.60B | $5.94B | $3.66B | $3.85B | $2.12B | $1.80B |
| Cost of Revenue | $9.22B | $11.88B | $4.55B | $5.01B | $4.16B | $5.16B | $3.10B | $3.25B | $1.77B | $1.47B |
| Gross Profit | $1.02B | $798.57M | $467.37M | $670.02M | $440.22M | $775.58M | $564.32M | $597.37M | $353.69M | $337.42M |
| R&D | $215.66M | $180.76M | $173.31M | $158.23M | $162.86M | $132.24M | $108.82M | $116.23M | $111.03M | $70.70M |
| SG&A | $87.64M | $70.43M | $63.88M | $63.60M | $70.60M | $65.28M | $37.18M | $53.14M | $32.92M | $23.09M |
| Total Operating Expenses | $392.81M | $324.27M | $285.12M | $301.40M | $293.44M | $266.38M | $192.86M | $219.05M | $181.18M | $122.24M |
| D&A | $13.50M | $12.80M | $12.10M | $9.50M | $7.60M | $9.00M | - | - | $9.15M | - |
| Operating Income | $625.87M | $474.30M | $182.26M | $368.62M | $146.78M | $509.20M | $371.46M | $378.31M | $172.51M | $215.18M |
| Interest Expense | $64.48M | $25.36M | $24.93M | $8.13M | $6.25M | $17.35M | $8.13M | $6.25M | $1.86M | $1.76M |
| Income Tax | $126.89M | $99.15M | $40.16M | $56.97M | $5.84M | $74.73M | $61.50M | ($19.98M) | $20.21M | $29.57M |
| Net Income | $483.39M | $400.56M | $168.28M | $320.60M | $108.78M | $424.33M | $295.97M | $402.46M | $157.00M | $176.17M |
| EPS - Basic | $0.81 | $0.67 | $0.28 | $0.54 | $0.18 | $0.72 | $0.55 | $0.71 | $0.30 | $0.33 |
| EPS - Diluted | $0.72 | $0.60 | $0.26 | $0.51 | $0.17 | $0.67 | $0.51 | $0.66 | $0.28 | $0.31 |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.29B | $4.09B | $4.20B | $5.17B | $2.54B | $2.09B | $1.67B | $2.12B | $543.16M | $440.46M |
| Accounts Receivable | $8.41B | $11.00B | $2.53B | $2.20B | $2.64B | $2.73B | $2.74B | $1.65B | $845.73M | $1.15B |
| Inventory | $11.10B | $10.60B | $5.73B | $4.68B | $3.87B | $4.93B | $4.33B | $4.12B | $2.05B | $1.45B |
| Accounts Payable | $3.69B | $13.75B | $1.28B | $1.28B | $643.05M | $1.68B | $1.47B | $1.09B | $1.08B | $776.83M |
| Current Assets | $21.57B | $26.12B | $12.66B | $12.30B | $9.51B | $9.85B | $8.93B | $8.06B | $3.57B | $3.18B |
| Total Assets | $23.45B | $28.00B | $14.39B | $14.02B | $10.74B | $10.85B | $9.83B | $8.86B | $4.10B | $3.67B |
| Current Liabilities | $8.12B | $15.40B | $2.35B | $2.34B | $1.43B | $2.87B | $2.35B | $1.72B | $1.60B | $1.37B |
| Long-term Debt | - | - | - | - | - | - | $99.32M | $85.65M | $105.39M | $120.18M |
| Total Liabilities | $15.88B | $21.01B | $7.86B | $7.72B | $4.36B | $4.97B | $4.41B | $3.77B | $1.93B | $1.70B |
| Stockholders' Equity | $7.58B | $6.99B | $6.52B | $6.30B | $6.38B | $5.88B | $5.42B | $5.09B | $2.17B | $1.97B |
| Retained Earnings | $4.49B | $4.00B | $3.60B | $3.43B | $3.44B | $3.01B | $2.59B | $2.29B | $1.59B | $1.43B |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($917.52M) | - | - | $408.90M | - | - | $270.46M | - |
| Investing Cash Flow | - | - | ($32.27M) | - | - | ($44.30M) | - | - | ($7.63M) | - |
| Financing Cash Flow | - | - | ($18.66M) | - | - | $49.85M | - | - | ($159.94M) | - |
| CapEx | - | - | $32.27M | - | - | $44.30M | - | - | $2.63M | - |
| Free Cash Flow | - | - | ($949.79M) | - | - | $364.60M | - | - | $267.83M | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 9.9% | 6.3% | 9.3% | 11.8% | 9.6% | 13.1% | 15.4% | 15.5% | 16.7% | 18.7% |
| Operating margin | 6.1% | 3.7% | 3.6% | 6.5% | 3.2% | 8.6% | 10.1% | 9.8% | 8.1% | 11.9% |
| EBITDA margin | 6.2% | 3.8% | 3.9% | 6.7% | 3.4% | 8.7% | - | - | 8.6% | - |
| Net margin | 4.7% | 3.2% | 3.4% | 5.6% | 2.4% | 7.1% | 8.1% | 10.5% | 7.4% | 9.8% |
| Free cash flow margin | - | - | -18.9% | - | - | 6.1% | - | - | 12.6% | - |
| FCF / Net income | - | - | -5.64 | - | - | 0.86 | - | - | 1.71 | - |
| R&D / Revenue | 2.1% | 1.4% | 3.5% | 2.8% | 3.5% | 2.2% | 3.0% | 3.0% | 5.2% | 3.9% |
| SG&A / Revenue | 0.9% | 0.6% | 1.3% | 1.1% | 1.5% | 1.1% | 1.0% | 1.4% | 1.6% | 1.3% |
| Effective tax rate | 20.8% | 19.8% | 19.3% | 15.1% | 5.1% | 15.0% | 17.2% | -5.2% | 11.4% | 14.4% |
| Return on assets | 2.1% | 1.4% | 1.2% | 2.3% | 1.0% | 3.9% | 3.0% | 4.5% | 3.8% | 4.8% |
| Return on equity | 6.4% | 5.7% | 2.6% | 5.1% | 1.7% | 7.2% | 5.5% | 7.9% | 7.3% | 8.9% |
| Return on invested capital | - | - | - | - | - | - | 5.6% | 7.3% | 6.7% | 8.8% |
| Liquidity | ||||||||||
| Current ratio | 2.66 | 1.70 | 5.39 | 5.25 | 6.66 | 3.43 | 3.81 | 4.69 | 2.23 | 2.31 |
| Quick ratio | 1.29 | 1.01 | 2.95 | 3.25 | 3.95 | 1.71 | 1.96 | 2.29 | 0.95 | 1.26 |
| Cash ratio | 0.16 | 0.27 | 1.79 | 2.20 | 1.78 | 0.73 | 0.71 | 1.23 | 0.34 | 0.32 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | 0.02 | 0.02 | 0.05 | 0.06 |
| Debt / Assets | - | - | - | - | - | - | 0.01 | 0.01 | 0.03 | 0.03 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | 0.58 | - |
| Interest coverage | 9.7x | 18.7x | 7.3x | 45.3x | 23.5x | 29.3x | 45.7x | 60.6x | 92.6x | 122.5x |
| Equity multiplier | 3.10 | 4.00 | 2.21 | 2.22 | 1.68 | 1.85 | 1.81 | 1.74 | 1.89 | 1.86 |
| Liabilities / Assets | 0.68 | 0.75 | 0.55 | 0.55 | 0.41 | 0.46 | 0.45 | 0.43 | 0.47 | 0.46 |
| Efficiency | ||||||||||
| Asset turnover | 0.44 | 0.45 | 0.35 | 0.41 | 0.43 | 0.55 | 0.37 | 0.43 | 0.52 | 0.49 |
| Inventory turnover | 0.83 | 1.12 | 0.79 | 1.07 | 1.07 | 1.05 | 0.72 | 0.79 | 0.86 | 1.01 |
| Days sales outstanding | 300d | 317d | 184d | 142d | 210d | 168d | 273d | 156d | 146d | 232d |
| Days inventory outstanding | 439d | 325d | 460d | 341d | 340d | 349d | 510d | 463d | 424d | 360d |
| Days payable outstanding | 146d | 422d | 103d | 93d | 56d | 119d | 173d | 123d | 224d | 193d |
| Cash conversion cycle | 593d | 220d | 541d | 389d | 493d | 398d | 609d | 497d | 346d | 399d |
| Valuation | ||||||||||
| P / E | 31.6x | 48.8x | 184.4x | 96.1x | 201.4x | 62.1x | 160.7x | 154.0x | 99.7x | 79.4x |
| P / B | 2.1x | 2.9x | 4.9x | 4.9x | 3.3x | 4.5x | 0.9x | 1.2x | 0.7x | 0.7x |
| P / S | 1.5x | 1.6x | 6.3x | 5.5x | 4.6x | 4.5x | 1.3x | 1.6x | 0.7x | 0.8x |
| EV / EBITDA | 22.6x | 33.3x | 142.0x | 68.8x | 121.5x | 47.3x | - | - | 6.2x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 122.7% | 123.4% | -15.5% | 54.9% | 19.5% | 180.1% | 103.2% | 200.0% | 14.4% | 53.8% |
| Revenue CAGR (3y) | 99.8% | 91.6% | 39.4% | 69.2% | 50.3% | 79.1% | 64.0% | 62.6% | 40.6% | 27.5% |
| Revenue CAGR (5y) | 62.8% | 72.5% | 45.8% | 45.5% | 42.9% | 49.3% | 31.5% | 38.9% | 16.9% | - |
| Gross profit growth (YoY) | 131.4% | 19.2% | -39.7% | 18.7% | -26.3% | 119.3% | 67.2% | 163.9% | 1.8% | 106.1% |
| Operating income growth (YoY) | 326.4% | 28.7% | -64.2% | -0.8% | -61.2% | 195.2% | 72.6% | 281.8% | -21.6% | 321.5% |
| Net income growth (YoY) | 344.4% | 24.9% | -60.3% | 8.3% | -73.0% | 170.3% | 68.0% | 368.8% | -14.9% | 320.1% |
| EPS growth (YoY) | 323.5% | 17.6% | -61.2% | 0.0% | -74.1% | 143.6% | 62.4% | -57.1% | -91.8% | -59.7% |
| EPS CAGR (3y) | -22.2% | 24.1% | -57.3% | -13.2% | -50.8% | 11.8% | -0.6% | 23.3% | -17.5% | -12.0% |
| EPS CAGR (5y) | 15.5% | 2.9% | -11.9% | 2.1% | -10.1% | 5.6% | - | 25.6% | -5.8% | - |
| FCF growth (YoY) | - | - | - | - | - | 36.1% | - | - | -11.6% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | 108.0% | - |
| Book value growth (YoY) | 18.7% | 11.0% | 11.0% | 16.3% | 25.2% | 171.4% | 174.7% | 188.1% | 33.3% | 38.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-06-30.
Product / service
$22.53B totalServer And Storage Systems$21.31B · 94.6%
Subsystems And Accessories$660.40M · 2.9%
Service And Software$330.50M · 1.5%
Service$223.10M · 1.0%
Geographic
$21.97B totalUS$13.05B · 59.4%
Asia$5.49B · 25.0%
Europe$2.73B · 12.4%
Other Countries$698.34M · 3.2%
Peer comparison
Same SIC group: Electronic Computers
Comparing Super Micro Computer against the 5 most active filers in the same SIC group.