Supermicro
SMCI · Technology Hardware, Storage & Peripherals
$32.94
2.3%Sandisk
SNDK · Technology Hardware, Storage & Peripherals
$1,238.03
1.8%The short version
- Supermicro is the larger business, with $39.1B of revenue in fiscal 2026 against $20.2B for Sandisk, about 1.9 times as much.
- Sandisk grew revenue faster (175.3%, against 77.8%).
- Sandisk kept more of each dollar of sales as operating profit (61.2% operating margin, against 7.1% operating margin).
- Sandisk turned more of its sales into free cash flow (56.8% FCF margin, against −17.9% FCF margin).
- Investors pay more for each dollar of Sandisk’s earnings: a P/E of 16.8x against 10.1x for Supermicro.
| Latest fiscal year | SMCI · FY26 | SNDK · FY26 |
|---|---|---|
| Size | ||
| Market cap | $23.0B | $191.9B |
| Revenue | $39.1B | $20.2B |
| Free cash flow | −$7.0B | $11.5B |
| Net income | $2.2B | $11.4B |
| Growth | ||
| Revenue growth | 77.8% | 175.3% |
| 5-year growth | 61.5% | — |
| Share count change | 11.0% | 6.9% |
| Profitability | ||
| Gross margin | 10.8% | 71.5% |
| Operating margin | 7.1% | 61.2% |
| Net margin | 5.7% | 56.5% |
| FCF margin | −17.9% | 56.8% |
| Return on capital | — | 105.9% |
| Return on equity | 21.5% | 91.6% |
| Balance sheet | ||
| Net debt | — | −$4.8B |
| Net debt / EBITDA | — | −0.4x |
| Dividends and buybacks | $0.0M | $4.5B |
| Valuation & quality | ||
| P/E | 10.1x | 16.8x |
| Piotroski F-score | — | 7 |
FY17
SMCI $2.5B
SNDK —
FY18
SMCI $3.4B
SNDK —
FY19
SMCI $3.5B
SNDK —
FY20
SMCI $3.3B
SNDK —
FY21
SMCI $3.6B
SNDK —
FY22
SMCI $5.2B
SNDK —
FY23
SMCI $7.1B
SNDK $6.1B
FY24
SMCI $15.0B
SNDK $6.7B
FY25
SMCI $22.0B
SNDK $7.4B
FY26
SMCI $39.1B
SNDK $20.2B
SMCI
SNDK
FY17
SMCI 3.8%
SNDK —
FY18
SMCI 2.8%
SNDK —
FY19
SMCI 2.8%
SNDK —
FY20
SMCI 2.6%
SNDK —
FY21
SMCI 3.5%
SNDK —
FY22
SMCI 6.5%
SNDK —
FY23
SMCI 10.7%
SNDK −33.4%
FY24
SMCI 8.1%
SNDK −7.0%
FY25
SMCI 5.7%
SNDK −18.7%
FY26
SMCI 7.1%
SNDK 61.2%
SMCI
SNDK
FY17
SMCI −$126M
SNDK —
FY18
SMCI $59.5M
SNDK —
FY19
SMCI $238M
SNDK —
FY20
SMCI −$74.7M
SNDK —
FY21
SMCI $64.9M
SNDK —
FY22
SMCI −$486M
SNDK —
FY23
SMCI $627M
SNDK −$932M
FY24
SMCI −$2.6B
SNDK −$475M
FY25
SMCI $1.5B
SNDK −$120M
FY26
SMCI −$7.0B
SNDK $11.5B
SMCI
SNDK
FY17
SMCI —
SNDK —
FY18
SMCI —
SNDK —
FY19
SMCI —
SNDK —
FY20
SMCI —
SNDK —
FY21
SMCI —
SNDK —
FY22
SMCI —
SNDK —
FY23
SMCI —
SNDK —
FY24
SMCI —
SNDK —
FY25
SMCI —
SNDK −10.7%
FY26
SMCI —
SNDK 105.9%
SMCI
SNDK
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.