SMCI

MKT CAP:$17B

Super Micro Computer, Inc.

Market Cap

$17B

Technology·Computer Hardware·🇺🇸 United States·NASDAQ

Technology·Computer Hardware·🇺🇸·NASDAQ

Stock Price

$28.55-$2.41 (-7.80%)

Apr 17, 2026

Company Details

Super Micro Computer, Inc., together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solution...

CEO

Charles Liang

IPO Date

Mar 29, 2007

Website

www.supermicro.com

Key Metrics TTM

Revenue

$28.1B

+34.8% YoY

Net Income

$873M

EPS (Diluted)

$1.34

Free Cash Flow

$440M

Revenue / Share

$41.62

Gross Margin

8.0%

Operating Margin

3.7%

Net Margin

3.1%

FCF Margin

1.6%

P/S

0.6x

P/E

19.9x

Earnings Reports

Q3 2026

May 5, 2026

PENDING

Q2 2026

Feb 6, 2026

$12.7B+123.4%EPS $0.60

Q1 2026

Nov 7, 2025

$5.0B-15.5%EPS $0.26

FY 2025

Aug 28, 2025

$22.0B+46.6%EPS $1.68

Q4 2025

Aug 28, 2025

$5.8B+7.5%EPS $0.31

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 22	$1.4B	$211M	$92M
Q4 22	$1.6B	$287M	$165M
Q1 23	$1.9B	$348M	$220M
Q2 23	$1.8B	$337M	$215M
Q3 23	$1.3B	$226M	$99M
Q4 23	$2.2B	$372M	$227M
Q1 24	$2.1B	$354M	$173M
Q2 24	$3.7B	$564M	$371M
Q3 24	$3.9B	$597M	$378M
Q4 24	$5.4B	$546M	$288M
Q1 25	$5.9B	$776M	$509M
Q2 25	$5.7B	$670M	$369M
Q3 25	$4.6B	$440M	$147M
Q4 25	$5.8B	$544M	$228M
Q1 26	$5.0B	$467M	$182M
Q2 26	$12.7B	$799M	$474M

Valuation

Quarter	P/S	P/E
Q3 22	0.5x	11.8x
Q4 22	0.4x	7.9x
Q1 23	0.5x	6.8x
Q2 23	0.7x	7.8x
Q3 23	0.9x	10.1x
Q4 23	1.9x	20.7x
Q1 24	2.3x	27.7x
Q2 24	2.0x	25.8x
Q3 24	5.2x	58.6x
Q4 24	3.2x	41.9x
Q1 25	1.3x	17.4x
Q2 25	0.9x	12.6x
Q3 25	0.9x	17.8x
Q4 25	1.5x	30.7x
Q1 26	1.4x	38.4x
Q2 26	0.7x	22.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	-$228M	-$239M
Q4 22	-$25M	-$36M
Q1 23	$314M	$303M
Q2 23	$161M	$151M
Q3 23	$198M	$190M
Q4 23	-$9M	-$18M
Q1 24	$270M	$268M
Q2 24	-$595M	-$610M
Q3 24	-$1.5B	-$1.6B
Q4 24	-$642M	-$656M
Q1 25	$409M	$365M
Q2 25	-$240M	-$267M
Q3 25	$627M	$594M
Q4 25	$864M	$841M
Q1 26	-$918M	-$950M
Q2 26	-$24M	-$45M

Capital Expenditures

Quarter	CapEx
Q3 22	$11M
Q4 22	$11M
Q1 23	$11M
Q2 23	$10M
Q3 23	$8M
Q4 23	$8M
Q1 24	$3M
Q2 24	$15M
Q3 24	$93M
Q4 24	$14M
Q1 25	$44M
Q2 25	$28M
Q3 25	$33M
Q4 25	$23M
Q1 26	$32M
Q2 26	$21M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	+51.3%	+43.8%
Q4 22	+53.0%	+42.8%
Q1 23	+79.3%	+62.6%
Q2 23	+53.8%	+41.6%
Q3 23	-5.3%	-6.3%
Q4 23	+33.6%	+33.2%
Q1 24	+14.4%	+19.3%
Q2 24	+103.2%	+107.4%
Q3 24	+200.0%	+193.2%
Q4 24	+145.1%	+158.7%
Q1 25	+180.1%	+178.8%
Q2 25	+54.9%	+61.2%
Q3 25	+19.5%	+28.3%
Q4 25	+7.5%	+9.1%
Q1 26	-15.5%	-10.9%
Q2 26	+123.4%	+129.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$8M	0.6%
Q4 22	$9M	0.5%
Q1 23	$11M	0.6%
Q2 23	$17M	0.9%
Q3 23	$14M	1.1%
Q4 23	$13M	0.6%
Q1 24	$57M	2.7%
Q2 24	$43M	1.2%
Q3 24	$56M	1.5%
Q4 24	$75M	1.4%
Q1 25	$64M	1.1%
Q2 25	$82M	1.4%
Q3 25	$85M	1.8%
Q4 25	$84M	1.5%
Q1 26	$89M	1.8%
Q2 26	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q3 22	$71M	—	—	$48M
Q4 22	$71M	—	—	$51M
Q1 23	$74M	—	—	$53M
Q2 23	$71M	—	—	$52M
Q3 23	$78M	—	—	$50M
Q4 23	$85M	—	—	$60M
Q1 24	$111M	—	—	$70M
Q2 24	$109M	—	—	$84M
Q3 24	$116M	—	—	$103M
Q4 24	$127M	—	—	$130M
Q1 25	$132M	—	—	$134M
Q2 25	$158M	—	—	$143M
Q3 25	$163M	—	—	$131M
Q4 25	$183M	—	—	$132M
Q1 26	$173M	—	—	$112M
Q2 26	$181M	$70M	$73M	—

Revenue Segments

Quarter	Server And Storage Systems	Subsystems and accessories
Q3 22	$1.1B	$210M
Q4 22	$1.5B	$153M
Q1 23	$1.7B	$139M
Q2 23	$1.7B	$142M
Q3 23	$1.2B	$120M
Q4 23	$2.0B	$153M
Q1 24	$2.0B	$153M
Q2 24	$3.4B	$229M
Q3 24	$3.7B	$152M
Q4 24	$5.1B	$270M
Q1 25	$5.7B	$189M
Q2 25	$5.5B	$191M
Q3 25	$4.5B	$141M
Q4 25	$5.6B	$139M

Revenue by Geography

Quarter	Asia	Europe	Other region	United States
Q3 22	$310M	$205M	$78M	$762M
Q4 22	$283M	$225M	$54M	$1.1B
Q1 23	$270M	$235M	$52M	$1.3B
Q2 23	$331M	$313M	$69M	$1.1B
Q3 23	$214M	$229M	$55M	$786M
Q4 23	$236M	$227M	$61M	$1.7B
Q1 24	$225M	$191M	$84M	$1.6B
Q2 24	$656M	$288M	$115M	$2.6B
Q3 24	$765M	$298M	$103M	$2.7B
Q4 24	$1.3B	$517M	$294M	$3.3B
Q1 25	$955M	$646M	$95M	$4.2B
Q2 25	$768M	$934M	$129M	$3.8B
Q3 25	$1.4B	$290M	$187M	$2.8B
Q4 25	$2.4B	$857M	$287M	$2.2B

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$247M	$0	$247M
Q4 22	$267M	$0	$267M
Q1 23	$238M	$0	$238M
Q2 23	$305M	$0	$305M
Q3 23	$363M	$0	$363M
Q4 23	$440M	$0	$440M
Q1 24	$543M	$0	$543M
Q2 24	$726M	$0	$726M
Q3 24	$2.1B	$0	$2.1B
Q4 24	$1.7B	$0	$1.7B
Q1 25	$2.1B	$0	$2.1B
Q2 25	$1.4B	$0	$1.4B
Q3 25	$2.5B	$0	$2.5B
Q4 25	$5.2B	$0	$5.2B
Q1 26	$4.2B	$0	$4.2B
Q2 26	$4.1B	$0	$4.1B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 22	538M	+0.5%	+1.1%
Q4 22	543M	+0.9%	+2.8%
Q1 23	550M	+1.4%	+4.0%
Q2 23	561M	+2.0%	+4.9%
Q3 23	562M	+0.2%	+4.5%
Q4 23	565M	+0.5%	+4.1%
Q1 24	572M	+1.2%	+3.9%
Q2 24	642M	+12.3%	+14.4%
Q3 24	639M	-0.5%	+13.7%
Q4 24	636M	-0.5%	+12.6%
Q1 25	622M	-2.2%	+8.7%
Q2 25	636M	+2.3%	-0.9%
Q3 25	622M	-2.2%	-2.7%
Q4 25	625M	+0.5%	-1.8%
Q1 26	663M	+6.2%	+6.7%
Q2 26	674M	+1.6%	+6.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 22	$326.2K	4K
Q4 22	$355.0K	5K
Q1 23	$402.0K	5K
Q2 23	$391.4K	5K
Q3 23	$278.6K	5K
Q4 23	$426.2K	5K
Q1 24	$413.5K	5K
Q2 24	$715.0K	5K
Q3 24	$751.1K	5K
Q4 24	$942.0K	6K
Q1 25	$1M	6K
Q2 25	$998.9K	6K
Q3 25	$809.3K	6K
Q4 25	$922.9K	6K
Q1 26	$804.4K	6K
Q2 26	$2M	6K

Revenue / Employee