NASDAQ : SMCI
Super Micro Computer, Inc. — Financial statements
Technology · Computer Hardware · United States
Last price 32.95 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 21.65B
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Financial statements
Super Micro Computer, Inc. (SMCI) reported revenue of 39.06B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 39.06B | 39.06B | 21.97B | 14.99B | 7.12B | 5.20B |
| Cost of Revenue | 34.84B | 34.84B | 19.54B | 12.93B | 5.84B | 4.40B |
| Gross Profit | 4.23B | 4.23B | 2.43B | 2.06B | 1.28B | 800.00M |
| Selling, General & Admin | 685.53M | 685.53M | 540.38M | 387.09M | 214.61M | 192.56M |
| Research & Development | 771.23M | 771.23M | 636.55M | 463.55M | 307.26M | 272.27M |
| Operating Expenses | 1.46B | 1.46B | 1.18B | 850.64M | 521.87M | 464.83M |
| Operating Income | 2.77B | 2.77B | 1.25B | 1.21B | 761.14M | 335.17M |
| Interest Expense | -194.57M | -194.57M | -59.57M | -19.35M | -10.49M | -6.41M |
| Interest & Investment Income | 186.92M | 186.92M | 59.83M | 28.96M | ||
| Earnings From Equity Investments | -2.48M | -2.48M | -6.21M | 1.82M | -3.63M | 1.21M |
| Currency Exchange Gain (Loss) | 5.90M | 5.90M | -11.60M | 6.30M | 200.00K | 7.70M |
| Other Non Operating Income (Expenses) | 3.63M | 3.63M | -2.09M | -11.24M | 3.45M | 379.00K |
| EBT Excluding Unusual Items | 2.77B | 2.77B | 1.23B | 1.22B | 750.66M | 338.04M |
| Gain (Loss) on Sale of Investments | 16.90M | 16.90M | 2.60M | -1.30M | ||
| Other Unusual Items | -30.25M | |||||
| Pretax Income | 2.79B | 2.79B | 1.21B | 1.22B | 750.66M | 338.04M |
| Income Tax Expense | 556.33M | 556.33M | 156.85M | 63.29M | 110.67M | 52.88M |
| Net Income | 2.23B | 2.23B | 1.05B | 1.15B | 640.00M | 285.16M |
| Preferred Dividends & Other Adjustments | 34.61M | 34.61M | ||||
| Net Income to Common | 2.20B | 2.20B | 1.05B | 1.15B | 640.00M | 285.16M |
| Shares Outstanding (Basic) | 601.81M | 601.81M | 593.66M | 555.88M | 529.25M | 514.78M |
| Shares Outstanding (Diluted) | 697.35M | 697.35M | 628.40M | 602.15M | 559.70M | 536.15M |
| EPS (Basic) | 3.65 | 3.65 | 1.77 | 2.07 | 1.21 | 0.55 |
| EPS (Diluted) | 3.26 | 3.26 | 1.68 | 1.92 | 1.14 | 0.53 |
| Free Cash Flow | -6.97B | -6.97B | 1.53B | -2.61B | 626.79M | -485.98M |
| Free Cash Flow Per Share | -10.00 | -10.00 | 2.44 | -4.33 | 1.12 | -0.91 |
| Gross Margin | 10.82% | 10.82% | 11.06% | 13.75% | 18.01% | 15.40% |
| Operating Margin | 7.09% | 7.09% | 5.70% | 8.08% | 10.69% | 6.45% |
| Profit Margin | 5.62% | 5.62% | 4.77% | 7.69% | 8.98% | 5.49% |
| Free Cash Flow Margin | -17.85% | -17.85% | 6.97% | -17.41% | 8.80% | -9.35% |
| EBITDA | 2.82B | 2.82B | 1.29B | 1.24B | 796.05M | 367.64M |
| EBITDA Margin | 7.23% | 7.23% | 5.89% | 8.28% | 11.18% | 7.07% |
| D&A For EBITDA | 53.67M | 53.67M | 41.30M | 29.62M | 34.90M | 32.47M |
| EBIT | 2.77B | 2.77B | 1.25B | 1.21B | 761.14M | 335.17M |
| EBIT Margin | 7.09% | 7.09% | 5.70% | 8.08% | 10.69% | 6.45% |
| Effective Tax Rate | 19.96% | 19.96% | 13.01% | 5.21% | 14.74% | 15.64% |
| Advertising Expenses | 2.00M | 2.00M | 38.10M | 10.70M | 2.00M | 100.00K |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 7.52B | 7.52B | 5.17B | 1.67B | 440.46M | 267.40M |
| Short-Term Investments | 23.11M | 23.11M | 6.24M | 3.69M | 300.00K | |
| Cash & Short-Term Investments | 7.54B | 7.54B | 5.18B | 1.67B | 440.46M | 267.70M |
| Accounts Receivable | 6.13B | 6.13B | 2.20B | 2.74B | 1.15B | 834.51M |
| Other Receivables | 137.21M | 137.21M | 155.25M | 11.94M | 27.73M | 24.41M |
| Receivables | 6.26B | 6.26B | 2.36B | 2.75B | 1.18B | 858.92M |
| Inventory | 12.90B | 12.90B | 4.68B | 4.33B | 1.45B | 1.55B |
| Prepaid Expenses | 92.29M | 92.29M | 26.82M | 176.21M | 117.41M | 134.09M |
| Restricted Cash | 47.00M | 47.00M | ||||
| Other Current Assets | 883.80M | 883.80M | 59.11M | |||
| Total Current Assets | 27.73B | 27.73B | 12.30B | 8.93B | 3.18B | 2.81B |
| Property, Plant & Equipment | 1.15B | 1.15B | 798.18M | 448.57M | 309.14M | 285.97M |
| Long-Term Investments | 148.02M | 148.02M | 112.37M | 61.00M | ||
| Goodwill | 1.80M | |||||
| Long-Term Accounts Receivable | 4.85M | 4.85M | 166.41M | |||
| Long-Term Deferred Tax Assets | 697.44M | 697.44M | 607.42M | 365.17M | 162.65M | 69.93M |
| Long-Term Deferred Charges | 36.57M | 36.57M | 10.71M | 11.04M | ||
| Other Long-Term Assets | 185.50M | 185.50M | 21.69M | 8.36M | 21.71M | 42.86M |
| Total Assets | 29.95B | 29.95B | 14.02B | 9.83B | 3.67B | 3.21B |
| Accounts Payable | 2.25B | 2.25B | 1.28B | 1.47B | 776.83M | 655.40M |
| Accrued Expenses | 508.94M | 508.94M | 241.71M | 151.10M | 163.87M | 212.42M |
| Short-Term Debt | 258.27M | 258.27M | 30.00M | 361.87M | 131.58M | 449.15M |
| Current Portion of Long-Term Debt | 1.78B | 1.78B | 45.06M | 40.47M | 38.54M | |
| Current Portion of Leases | 40.63M | 40.63M | 21.19M | 9.25M | ||
| Current Income Taxes Payable | 262.61M | 262.61M | 53.38M | 18.27M | 129.17M | 41.74M |
| Current Unearned Revenue | 1.58B | 1.58B | 368.74M | 193.05M | 134.67M | 111.31M |
| Other Current Liabilities | 483.15M | 483.15M | 302.74M | 99.32M | ||
| Total Current Liabilities | 7.16B | 7.16B | 2.34B | 2.35B | 1.37B | 1.47B |
| Long-Term Debt | 6.68B | 6.68B | 4.68B | 1.77B | 120.18M | 147.62M |
| Long-Term Leases | 498.97M | 498.97M | 280.37M | |||
| Long-Term Unearned Revenue | 1.03B | 1.03B | 362.64M | 223.32M | 169.78M | 122.55M |
| Other Long-Term Liabilities | 92.23M | 92.23M | 46.16M | 67.88M | 37.95M | 39.14M |
| Total Liabilities | 15.47B | 15.47B | 7.72B | 4.41B | 1.70B | 1.78B |
| Common Stock | 4.60B | 4.60B | 2.87B | 2.83B | 538.35M | 481.74M |
| Retained Earnings | 5.65B | 5.65B | 3.43B | 2.59B | 1.43B | 942.92M |
| Comprehensive Income & Other | 397.00K | 397.00K | 705.00K | 706.00K | 639.00K | 911.00K |
| Total Common Equity | 10.25B | 10.25B | 6.30B | 5.42B | 1.97B | 1.43B |
| Minority Interest | 164.00K | 164.00K | 178.00K | 164.00K | 165.00K | 172.00K |
| Shareholders' Equity | 14.48B | 14.48B | 6.30B | 5.42B | 1.97B | 1.43B |
| Total Liabilities & Equity | 29.95B | 29.95B | 14.02B | 9.83B | 3.67B | 3.21B |
| Total Debt | 9.26B | 9.26B | 5.06B | 2.18B | 290.30M | 596.76M |
| Net Cash (Debt) | -1.72B | -1.72B | 116.94M | -509.94M | 150.16M | -329.07M |
| Net Cash Per Share | -2.46 | -2.46 | 0.19 | -0.85 | 0.27 | -0.61 |
| Filing Date Shares Outstanding | 656.97M | 656.97M | 594.27M | 588.09M | 529.06M | 523.47M |
| Total Common Shares Outstanding | 656.88M | 656.88M | 594.14M | 588.09M | 529.01M | 523.11M |
| Working Capital | 20.57B | 20.57B | 9.96B | 6.59B | 1.80B | 1.34B |
| Book Value Per Share | 15.61 | 15.61 | 10.61 | 9.21 | 3.73 | 2.73 |
| Tangible Book Value | 10.25B | 10.25B | 6.30B | 5.42B | 1.97B | 1.43B |
| Tangible Book Value Per Share | 15.61 | 15.61 | 10.61 | 9.21 | 3.72 | 2.73 |
| Land | 196.23M | 196.23M | 162.85M | 150.14M | 86.64M | 84.62M |
| Buildings | 340.13M | 340.13M | 304.13M | 235.84M | 203.13M | 198.54M |
| Machinery | 185.26M | 185.26M | 147.60M | 202.74M | 166.45M | 147.08M |
| Construction In Progress | 52.59M | 52.59M | 1.04M | 14.83M | 303.00K | 303.00K |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 2.23B | 2.23B | 1.05B | 1.15B | 640.00M | 285.16M |
| Depreciation & Amortization | 90.27M | 90.27M | 58.34M | 38.69M | 34.90M | 32.47M |
| Other Amortization | 25.89M | 25.89M | 10.27M | 2.29M | ||
| Loss (Gain) From Sale of Investments | 414.00K | 414.00K | ||||
| Loss (Gain) on Equity Investments | 2.48M | 2.48M | 6.21M | -1.82M | 3.63M | -1.21M |
| Stock-Based Compensation | 412.12M | 412.12M | 314.45M | 231.51M | 54.43M | 32.82M |
| Other Operating Activities | 76.76M | 76.76M | 63.45M | -73.68M | -96.26M | -20.20M |
| Change in Accounts Receivable | -3.92B | -3.92B | 533.34M | -1.59B | -311.90M | -372.44M |
| Change in Inventory | -8.88B | -8.88B | -587.69M | -2.98B | 100.04M | -504.64M |
| Change in Accounts Payable | 963.26M | 963.26M | -180.97M | 679.19M | 127.14M | 50.15M |
| Change in Unearned Revenue | 1.88B | 1.88B | 315.01M | 111.93M | 70.59M | 31.54M |
| Change in Income Taxes | 213.53M | 213.53M | 32.04M | -110.90M | 87.42M | 29.00M |
| Change in Other Net Operating Assets | 92.91M | 92.91M | 46.21M | 56.34M | -46.42M | -3.46M |
| Operating Cash Flow | -6.81B | -6.81B | 1.66B | -2.49B | 663.58M | -440.80M |
| Capital Expenditures | -162.00M | -162.00M | -127.21M | -124.28M | -36.79M | -45.18M |
| Cash Acquisitions | -296.00K | -2.19M | ||||
| Investment in Securities | -38.28M | -38.28M | -56.00M | -69.67M | -500.00K | -1.10M |
| Investing Cash Flow | -200.28M | -200.28M | -183.21M | -194.25M | -39.49M | -46.28M |
| Long-Term Debt Issued | 4.47B | 4.47B | 4.33B | 3.85B | 1.09B | 1.15B |
| Total Debt Issued | 4.47B | 4.47B | 4.33B | 3.85B | 1.09B | 1.15B |
| Long-Term Debt Repaid | -520.51M | -520.51M | -1.77B | -1.97B | -1.39B | -640.70M |
| Total Debt Repaid | -520.51M | -520.51M | -1.77B | -1.97B | -1.39B | -640.70M |
| Net Debt Issued (Repaid) | 3.95B | 3.95B | 2.56B | 1.88B | -300.53M | 512.62M |
| Issuance of Common Stock | 1.45B | 1.45B | 20.90M | 2.34B | 30.47M | 20.99M |
| Repurchase of Common Stock | -129.88M | -129.88M | -342.46M | -174.35M | -178.19M | -10.08M |
| Other Financing Activities | -24.52M | -24.52M | -213.41M | -142.11M | -33.00K | -664.00K |
| Financing Cash Flow | 9.48B | 9.48B | 2.02B | 3.91B | -448.29M | 522.87M |
| Foreign Exchange Rate Adjustments | -9.36M | -9.36M | 1.67M | -2.19M | -3.40M | -678.00K |
| Net Cash Flow | 2.46B | 2.46B | 3.50B | 1.23B | 172.40M | 35.11M |
| Free Cash Flow | -6.97B | -6.97B | 1.53B | -2.61B | 626.79M | -485.98M |
| Free Cash Flow Margin | -17.85% | -17.85% | 6.97% | -17.41% | 8.80% | -9.35% |
| Free Cash Flow Per Share | -10.00 | -10.00 | 2.44 | -4.33 | 1.12 | -0.91 |
| Levered Free Cash Flow | -8.25B | -8.25B | 1.45B | -2.90B | 505.00M | -556.25M |
| Unlevered Free Cash Flow | -8.15B | -8.15B | 1.48B | -2.89B | 511.56M | -552.25M |
| Cash Interest Paid | 109.31M | 109.31M | 25.49M | 16.02M | 8.54M | 5.49M |
| Cash Income Tax Paid | 399.28M | 399.28M | 327.16M | 392.02M | 114.96M | 19.69M |
| Change in Working Capital | -9.65B | -9.65B | 157.94M | -3.84B | 26.87M | -769.85M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 21.65B | 18.97B | 29.25B | 47.98B | 13.08B | 2.09B |
| Enterprise Value | 23.36B | 26.82B | 29.36B | 47.76B | 12.93B | 2.42B |
| Last Close Price | 32.95 | 29.33 | 49.01 | 81.94 | 24.93 | 4.04 |
| PE Ratio | 10.12 | 8.64 | 27.89 | 41.62 | 20.44 | 7.34 |
| Forward PE | 6.94 | 9.86 | 19.89 | 25.40 | 22.28 | 7.00 |
| PS Ratio | 0.55 | 0.49 | 1.33 | 3.20 | 1.84 | 0.40 |
| PB Ratio | 2.11 | 1.31 | 4.64 | 8.86 | 6.63 | 1.47 |
| P/TBV Ratio | 2.11 | 1.85 | 4.64 | 8.86 | 6.64 | 1.47 |
| P/FCF Ratio | 19.09 | 20.87 | ||||
| P/OCF Ratio | 17.63 | 19.71 | ||||
| PEG Ratio | 0.30 | 0.34 | 0.67 | 0.54 | 0.73 | 0.31 |
| EV/Sales Ratio | 0.60 | 0.69 | 1.34 | 3.19 | 1.81 | 0.47 |
| EV/EBITDA Ratio | 8.27 | 9.50 | 22.68 | 38.51 | 16.24 | 6.58 |
| EV/EBIT Ratio | 8.43 | 9.68 | 23.43 | 39.45 | 16.98 | 7.22 |
| EV/FCF Ratio | 19.16 | 20.62 | ||||
| Debt / Equity Ratio | 0.64 | 0.64 | 0.80 | 0.40 | 0.15 | 0.42 |
| Debt / EBITDA Ratio | 3.21 | 3.21 | 3.84 | 1.75 | 0.36 | 1.62 |
| Debt / FCF Ratio | 3.30 | 0.46 | ||||
| Net Debt / Equity Ratio | 0.12 | 0.12 | -0.02 | 0.09 | -0.08 | 0.23 |
| Net Debt / EBITDA Ratio | 0.61 | 0.61 | -0.09 | 0.41 | -0.19 | 0.90 |
| Net Debt / FCF Ratio | -0.25 | -0.25 | -0.08 | -0.20 | -0.24 | -0.68 |
| Asset Turnover | 1.78 | 1.78 | 1.84 | 2.22 | 2.07 | 1.91 |
| Inventory Turnover | 3.96 | 3.96 | 4.34 | 4.47 | 3.90 | 3.40 |
| Quick Ratio | 1.93 | 1.93 | 3.21 | 1.89 | 1.18 | 0.77 |
| Current Ratio | 3.87 | 3.87 | 5.25 | 3.81 | 2.31 | 1.91 |
| Return on Equity (ROE) | 21.47% | 21.47% | 17.90% | 31.20% | 37.67% | 22.61% |
| Return on Assets (ROA) | 7.88% | 7.88% | 6.57% | 11.21% | 13.83% | 7.69% |
| Return on Invested Capital (ROIC) | 14.03% | 19.82% | 18.00% | 29.62% | 36.29% | 20.65% |
| Return on Capital Employed (ROCE) | 12.20% | 12.20% | 10.70% | 16.20% | 33.10% | 19.30% |
| Earnings Yield | 9.88% | 11.76% | 3.59% | 2.40% | 4.89% | 13.61% |
| FCF Yield | -32.21% | -36.75% | 5.24% | -5.44% | 4.79% | -23.20% |
| Buyback Yield / Dilution | -10.97% | -10.97% | -4.36% | -7.58% | -4.39% | -0.20% |