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Supermicro

SMCI Nasdaq Technology Hardware, Storage & Peripherals Financials FY2017–FY2026

Supermicro's revenue rose 77.8% to $39.1 billion in fiscal 2026. Its operating margin was 7.1%, up from 5.7% a year earlier. Free cash flow was −$7.0 billion, against $1.5 billion a year earlier. The diluted share count rose 11.0%.

Last close · Oct 23, 2026

$32.94

2.3%
Value it Compare
Revenue Total sales reported in the income statement.
$39.1B
77.8% vs prior year
Operating margin Operating income as a share of revenue.
7.1%
1.4 pts
Net income Profit after all expenses, interest and tax.
$2.2B
112.7%
Free cash flow Cash from operations minus capital spending.
−$7.0B
555.0%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap Last close times the latest diluted share count, so it is approximate.
$23.0B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
—

About these figures. Total debt is left blank: Supermicro's structured data tags its convertible notes but not its bank borrowings in a standard way, so a total would be understated. Share counts and per-share figures for earlier years are restated for a stock split (10-for-1), so every year is on today's share basis.

What Supermicro does

No business description yet.

Legal name
Super Micro Computer, Inc.
Fiscal year ends
June 30, 2026
Latest annual report
—
Accession · CIK
0001375365-26-000022
0001375365

Revenue and margins

Supermicro had $39.1B of revenue in fiscal 2026, up 77.8% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2017 to 2026, diluted EPS grew 43.0% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was −$7.0B in fiscal 2026, −17.9% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Supermicro returned $0.0M to shareholders in fiscal 2026. The diluted share count rose 11.0%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Supermicro yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of — and divides by 697.3M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 10.1x · peers 21.7x · sector 33.5x.

Balance sheet

Cash, debt and the ratios that show how comfortably Supermicro can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $267M$441M$1.7B$5.2B$7.5B
Interest coverage 52.3x72.6x62.6x21.0x14.2x
Current ratio 1.9x2.3x3.8x5.3x3.9x
Quick ratio 0.9x1.3x2.0x3.3x2.1x
Total assets $3.2B$3.7B$9.8B$14.0B$29.9B
Total liabilities $1.8B$1.7B$4.4B$7.7B$15.5B
Shareholders' equity $1.4B$2.0B$5.4B$6.3B$14.5B
Net debt (− = net cash) —————

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$15.7M

3 insiders

Of sales under plans

78%

$12.2M

DateInsiderTradeSharesPriceValueFiling
Oct 7, 2026 Liang Chiu-Chu Sara LiuDirector, 10% owner Sold plan 100,000 $45.02 $4.5M Form 4
Sep 4, 2026 Liang Chiu-Chu Sara LiuDirector, 10% owner Sold plan 100,000 $40.00 $4.0M Form 4
Sep 3, 2026 Liang Chiu-Chu Sara LiuDirector, 10% owner Sold plan 100,000 $37.19 $3.7M Form 4
Nov 26, 2025 Sherman TuanDirector Sold 48,630 $33.00 $1.6M Form 4
Nov 24, 2025 George KaoSVP, Operations Sold 56,904 $32.83 $1.9M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✕ ✓ ✕
Return on assets rose ✓ ✕ ✓
Cash from operations exceeds net income ✕ ✓ ✕
Debt fell relative to assets — — —
Current ratio rose ✓ ✓ ✕
Share count didn't rise ✕ ✕ ✕
Gross margin rose ✕ ✕ ✕
Revenue rose relative to assets ✓ ✕ ✓
F-score — / 9— / 9— / 9
Accruals ratio 53.9%−5.1%41.1%
Altman Z'' 7.376.926.73

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Supermicro SMCI $23.0B 77.8% 7.1% −17.9% — — —
Hewlett Packard Enterprise HPE $82.1B 13.8% −1.3% 1.8% −0.9% 29.4x 4 Compare →
HP HPQ $31.2B 3.2% 5.7% 5.1% 55.3% 12.9x 6 Compare →
Sandisk SNDK $191.9B 175.3% 61.2% 56.8% 105.9% — 7 Compare →
Dell Technologies DELL $297.6B 18.8% 7.2% 7.5% 36.0% 26.5x 7 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $2.5B $3.4B $3.5B $3.3B $3.6B $5.2B $7.1B $15.0B $22.0B $39.1B
Gross profit $350M $430M $496M $526M $535M $800M $1.3B $2.1B $2.4B $4.2B
Research and development $144M $165M $180M $222M $224M $272M $307M $464M $637M $771M
Operating income $94.9M $94.7M $97.2M $85.7M $124M $335M $761M $1.2B $1.3B $2.8B
Interest expense $2.3M $5.7M $6.7M $2.2M $2.5M $6.4M $10.5M $19.4M $59.6M $195M
Pretax income $91.6M $88.2M $89.5M $84.8M $119M $337M $754M $1.2B $1.2B $2.8B
Income tax $24.4M $38.4M $14.9M $2.9M $6.9M $52.9M $111M $63.3M $157M $556M
Net income $66.9M $46.2M $71.9M $84.3M $112M $285M $640M $1.2B $1.0B $2.2B
Diluted EPS $0.13 $0.09 $0.14 $0.16 $0.21 $0.53 $1.14 $1.92 $1.68 $3.26
Diluted shares 0.52B 0.52B 0.52B 0.53B 0.54B 0.54B 0.56B 0.60B 0.63B 0.70B
Cash flow
Cash from operations −$96.2M $84.3M $263M −$30.3M $123M −$441M $664M −$2.5B $1.7B −$6.8B
Capital expenditure $29.4M $24.8M $24.8M $44.3M $58.0M $45.2M $36.8M $124M $127M $162M
Free cash flow −$126M $59.5M $238M −$74.7M $64.9M −$486M $627M −$2.6B $1.5B −$7.0B
Depreciation and amortization $16.4M $21.8M $24.2M $28.5M $28.2M $24.8M $26.9M $30.1M $41.0M $53.0M
Stock-based compensation $19.7M $24.7M $21.2M $20.2M $28.5M $32.8M $54.4M $232M $315M $412M
Acquisitions $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $2.2M $0.3M $0.0M $0.0M
Share buybacks $18.5M $0.0M $0.0M $0.0M $130M $0.0M $150M $0.0M $200M $0.0M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $18.5M $0.0M $0.0M $0.0M $130M $0.0M $150M $0.0M $200M $0.0M
Balance sheet
Cash and short-term investments $111M $115M $248M $211M $232M $267M $441M $1.7B $5.2B $7.5B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $1.3B $1.5B $1.4B $1.6B $1.9B $2.8B $3.2B $8.9B $12.3B $27.7B
Current liabilities $673M $812M $606M $708M $969M $1.5B $1.4B $2.3B $2.3B $7.2B
Inventory $737M $853M $670M $852M $1.0B $1.5B $1.4B $4.3B $4.7B $12.9B
Property and equipment, net $196M $197M $207M $234M $275M $286M $290M $414M $505M $626M
Total assets $1.5B $1.8B $1.7B $1.9B $2.2B $3.2B $3.7B $9.8B $14.0B $29.9B
Total liabilities $741M $926M $741M $853M $1.1B $1.8B $1.7B $4.4B $7.7B $15.5B
Shareholders' equity $774M $844M $941M $1.1B $1.1B $1.4B $2.0B $5.4B $6.3B $14.5B
Margins
Gross margin 14.1% 12.8% 14.2% 15.8% 15.0% 15.4% 18.0% 13.8% 11.1% 10.8%
Operating margin 3.8% 2.8% 2.8% 2.6% 3.5% 6.5% 10.7% 8.1% 5.7% 7.1%
EBITDA margin 4.5% 3.5% 3.5% 3.4% 4.3% 6.9% 11.1% 8.3% 5.9% 7.2%
Net margin 2.7% 1.4% 2.1% 2.5% 3.1% 5.5% 9.0% 7.7% 4.8% 5.7%
FCF margin −5.1% 1.8% 6.8% −2.2% 1.8% −9.4% 8.8% −17.4% 7.0% −17.9%
Returns
Return on capital employed 11.7% 10.5% 9.6% 7.5% 10.0% 22.3% 37.7% 24.8% 13.1% 16.1%
Return on equity 9.1% 5.7% 8.1% 8.4% 10.4% 22.6% 37.7% 31.2% 17.9% 21.5%
Return on assets 4.9% 2.8% 4.2% 4.7% 5.4% 10.5% 18.6% 17.1% 8.8% 10.2%
Growth
Revenue growth 11.7% 35.2% 4.2% −4.6% 6.5% 46.1% 37.1% 110.4% 46.6% 77.8%
Net income growth −7.3% −31.0% 55.8% 17.2% 32.7% 154.9% 124.4% 80.1% −9.0% 112.7%
EPS growth −7.2% −31.0% 56.2% 15.1% 30.6% 153.6% 115.1% 68.4% −12.5% 94.1%
FCF growth −269.9% — 299.4% −131.4% — −848.4% — −516.5% — −555.0%
Share count change −0.3% 0.9% −0.8% 2.2% 1.3% 0.2% 4.4% 7.6% 4.4% 11.0%
Financial health
Interest coverage 41.3x 16.5x 14.5x 38.3x 49.9x 52.3x 72.6x 62.6x 21.0x 14.2x
Current ratio 1.9x 1.9x 2.4x 2.3x 1.9x 1.9x 2.3x 3.8x 5.3x 3.9x
Quick ratio 0.8x 0.8x 1.2x 1.1x 0.9x 0.9x 1.3x 2.0x 3.3x 2.1x
Capital allocation
Capex / revenue 1.2% 0.7% 0.7% 1.3% 1.6% 0.9% 0.5% 0.8% 0.6% 0.4%
Stock comp / revenue 0.8% 0.7% 0.6% 0.6% 0.8% 0.6% 0.8% 1.5% 1.4% 1.1%
Payouts / FCF — 0.0% 0.0% — 200.2% — 23.9% — 13.1% —
Quality scores
Altman Z'' 5.1 5.0 6.1 5.8 5.0 5.2 7.1 7.4 6.9 6.7
Accruals ratio 12.1% −2.3% −11.0% 6.4% −0.5% 26.7% −0.7% 53.9% −5.1% 41.1%

Source: SEC EDGAR XBRL filings (CIK 0001375365). Data updated October 10, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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