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NASDAQ: SMCI Nasdaq Technology Hardware, Storage & Peripherals Next results ~November 3, 2026

C+ Fundamentals grade

Supermicro is a US-listed company in the technology hardware, storage & peripherals industry. Its financial year ends in June.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$68

Valuation models combined (5)

Base case. Range ~$50–$78. Weighted average of 5 models (growth cash-flow model, forward price-to-earnings vs peers, residual income, justified price-to-book, revenue-to-maturity model), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Supermicro valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Supermicro files

Where Supermicro stands after its latest 10-K

Revenue for the twelve months to June 2026 was $39.1bn, up 77.8% on a year earlier, faster than 56.2% a quarter earlier. That growth ranks 2 of 9 among the technology hardware, storage & peripherals companies we cover. Free-cash-flow margin fell to -17.8% from 7.0% a year earlier. The diluted share count is up 11.0% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 3 of our 3 financial-health checks. Our valuation models combined value is $60.06 a share, against a share price of $32.20.

Source: 10-K filed August 31, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Supermicro's trailing-twelve-month revenue grew 77.8% year on year, with a free-cash-flow margin of -17.8%. Where it stands out: revenue growth of 77.8% ranks 4 of 27 technology hardware, storage & peripherals companies we cover. Where it lags: gross margin of 10.8% ranks 21 of 22 technology hardware, storage & peripherals companies we cover.

Current signal Revenue growth accelerating: TTM revenue growth rose to 77.8% (+21.5pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 77.8% over the last 12 months, against a median of 11.3% for technology hardware, storage & peripherals companies we cover.
  • Growth speeding up. The growth rate is 21.5 points higher than a quarter earlier.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 44.8% over 90 days.

Things to watch

  • Burning cash. Free cash flow was -17.8% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 11.0% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 93% and a beta of 3.9 against the S&P 500.
  • Insiders selling. 4 insiders sold $28M of stock over the past 365 days and none bought (88% under pre-set trading plans).
  • Weak cash conversion. Free cash flow was -313% of net income over the last 12 months.
  • Below peers: gross margin. Gross margin of 10.8% ranks 21 of 22 technology hardware, storage & peripherals companies we cover (median 41.2%).

Latest results: FY2026 Q4

Filed August 31, 2026
Earnings per share
$1.70 against an average estimate of $0.96: beat by 77.6%
Revenue
$11.12bn, up 93.2% on a year earlier
Share reaction
+10.8% in the first session after the results on October 20, 2026, against +0.9% for the S&P 500
Next report
November 3, 2026; average EPS estimate $1.20

Supermicro's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-7.6%
  • 1 week-6.9%
  • 1 month-30.3%
  • This year+4.0%
  • 1 year-41.4%
  • 5 years+627.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$39.1B
Operating margin
7.1%
Net margin
5.7%
EPS (TTM, diluted)
$3.20

Growth

Revenue growth
+77.8%
Change in growth rate
+21.5 pts
Share count change
+11.0%

Cash

Free cash flow (TTM)
-$7B
FCF margin
-17.8%
Stock pay % of revenue
1.1%

Earnings

Last results
October 20, 2026
Next results (est.)
January 6, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Announcement
  3. Our research
  4. Announcement
  5. Results
  6. Leadership
  7. Product
  8. Leadership
  9. Insider trade
  10. Insider trade
  11. Announcement
  12. Insider trade
  13. Insider trade
  14. Insider trade
  15. Insider trade
  16. Announcement
  17. Results
  18. Announcement
  19. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Supermicro valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Supermicro as an operating company, with every model that fits that kind of business. Cost of equity 13.3%: the 10-year Treasury yield (4.9%) plus a beta of 1.85 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$70 ~$46–$90 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$62 ~$49–$91 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$78 ~$57–$110 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$50 ~$45–$55 Included
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: earnings are positive: price-to-earnings is the better measure
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$77 ~$59–$99 Included
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$68 ~$50–$78 5 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Supermicro with Technology Hardware, Storage & Peripherals in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026
Share price$2.48$2.46$2.37$1.94$2.84$3.52$4.04$24.93$81.94$49.01$29.33
Market value$1.3bn$1.3bn$1.2bn$1.0bn$1.5bn$1.9bn$2.2bn$14.0bn$49.3bn$30.8bn$20.5bn
+ Net debt (− = net cash)−$85m$51m−$115m−$225m−$181m−$134m$329m−$150m$28m−$525m−$2.9bn
Enterprise value$1.2bn$1.3bn$1.1bn$776m$1.3bn$1.7bn$2.5bn$13.8bn$49.4bn$30.3bn$17.6bn
Multiples
Price / sales 0.6x0.5x0.4x0.3x0.4x0.5x0.4x2.0x3.3x1.4x0.5x
Price / earnings 17.9x19.1x26.7x13.9x17.8x16.8x7.6x21.8x42.8x29.4x9.2x
Price / free cash flow 17.4x—20.7x4.2x—29.0x—22.3x—20.1x—
EV / EBITDA 10.0x11.9x9.6x6.4x11.6x11.5x6.9x17.5x39.8x23.4x6.2x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

42 /100

Weak moat

How hard Supermicro's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 16 / 20

    Cash operating profit has been a median 12.6% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 14.1%, moving by 2.1 percentage points (standard deviation) across 10 years.

  • Durability 8 / 20

    Operating margin has been a median 4.8%; its worst year was 2.6%.

  • Cash conversion 5 / 20

    Free cash flow was positive in 5 of 10 years, at a median -0.2% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 34.8% over five years; stock-based pay has been a median 0.8% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (47 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, after the close. Analysts expect revenue of $16.3bn and EPS of $1.20 (range $0.80 to $1.87) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.67 +29% $70.0bn +79%
Next $5.59 +20% $81.4bn +16%

Next year's EPS estimate has moved +44.8% in 90 days, across 17 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +39.4% on 90 days ago. In the last 30 days, 0 analysts raised Supermicro's forecast and 1 cut it.

Consensus EPS forecast Supermicro, last 90 days
$3.00 $4.00 $5.00 $6.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $3.35 Current fiscal year, 60 days ago: $4.34 Current fiscal year, 30 days ago: $4.34 Current fiscal year, 7 days ago: $4.34 Current fiscal year, Now: $4.67 $4.67 Next fiscal year, 90 days ago: $3.86 Next fiscal year, 60 days ago: $5.33 Next fiscal year, 30 days ago: $5.33 Next fiscal year, 7 days ago: $5.33 Next fiscal year, Now: $5.59 $5.59

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $3.35$3.86
60 days ago $4.34$5.33
30 days ago $4.34$5.33
7 days ago $4.34$5.33
Now $4.67$5.59

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.96 $1.70 +77.6%
Mar 2026 $0.62 $0.84 +34.5%
Dec 2025 $0.49 $0.69 +41.4%
Sept 2025 $0.39 $0.35 −10.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 20, 2026

No numeric guidance in Supermicro's latest earnings release (filed October 20, 2026). Some companies give their outlook only on the earnings call.

How earlier guidance turned out

  • net sales, fiscal year 2026 guided $38.9bn to $40.4bn Within range: $39.063072bn
  • GAAP net income per diluted share, fourth quarter of fiscal year 2026 guided $0.53 to $0.67 Above range: $1.67
  • net sales, fourth quarter of fiscal year 2026 guided $11bn to $12.5bn Within range: $11.119777bn

Analyst recommendations

18 analysts, Oct 2026
Buy422%
Hold1161%
Sell317%

Monthly trend

  1. Oct 20262211218
  2. Sep 20262311219
  3. Aug 20262311219
  4. Jul 20262311219

Counts of recommendations published by analysts covering Supermicro, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
13.6%
of tradable shares
Days to cover
2.28
at average volume
Short interest, 1 month
−16%
to October 15, 2026
Held by institutions
69%
of shares
Held by insiders
12.7%
of shares
Employees
7,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months −41.4%

$51.96 on October 31, 2025 to $30.44

ThenNowEffect
Revenue (last 12 months) $22.0bn $39.1bn +77.8%
Net margin 4.8% 5.7% +19.6%
P/E multiple 31.1x 9.5x −69.4%
Share count 628m 697m −9.9%

Biggest factor: p/e multiple.

Last 3 years +19.4%

$25.50 on November 3, 2023 to $30.44

ThenNowEffect
Revenue (last 12 months) $7.1bn $39.1bn +448.4%
Net margin 9.0% 5.7% −36.4%
P/E multiple 22.0x 9.5x −56.8%
Share count 553m 697m −20.7%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
SMCI+39%+87%+246%+7%−4%+4%
Industry peers (median)+24%−39%+28%+14%+6%+4%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
SMCI58%50%58%42%50%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
SMCI−18%−31%−35%−85%−52%−53%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 85% from March 13, 2024 to November 14, 2024. Getting back needed a 560% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$20.53 – $50.75
From 52-week high
−40.0%
vs 50-day average
−20.1%
vs 200-day average
−6.8%
Volatility (1 year)
93%
Beta vs S&P 500
3.88

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±14.7%
After a week
7 up, 5 down
typical move ±18.0%
After a month
7 up, 4 down
typical move ±32.2%
Results releasedNext dayS&P 500 next day5 days21 days
October 20, 2026 +10.8% +0.9% +9.3% —
August 11, 2026 +19.5% −0.1% +18.9% +18.8%
July 21, 2026 +28.2% +0.7% +19.4% +53.5%
May 5, 2026 +24.1% +2.2% +17.4% +68.0%
February 3, 2026 +13.6% −1.3% +12.2% +8.5%
November 4, 2025 −17.2% −0.8% −23.5% −32.6%
October 23, 2025 −8.0% +1.4% −4.1% −38.7%
August 5, 2025 −19.6% +0.3% −20.3% −30.1%
May 6, 2025 +1.0% −0.4% +20.9% +26.7%
April 29, 2025 −14.5% +0.7% −11.6% +10.4%
February 11, 2025 −7.0% −0.2% +41.3% −8.4%
November 5, 2024 −12.8% +3.7% −16.6% +58.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Supermicro in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Supermicro
$0 $10B $20B $30B $40B FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue (TTM), FY24 Q1: $7.4B Revenue (TTM), FY24 Q2: $9.3B Revenue (TTM), FY24 Q3: $11.8B Revenue (TTM), FY24 Q4: $15B Revenue (TTM), FY25 Q1: $18.8B Revenue (TTM), FY25 Q2: $20.8B Revenue (TTM), FY25 Q3: $21.6B Revenue (TTM), FY25 Q4: $22B Revenue (TTM), FY26 Q1: $21.1B Revenue (TTM), FY26 Q2: $28.1B Revenue (TTM), FY26 Q3: $33.7B Revenue (TTM), FY26 Q4: $39.1B $39.1B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q1 $7.4B
FY24 Q2 $9.3B
FY24 Q3 $11.8B
FY24 Q4 $15B
FY25 Q1 $18.8B
FY25 Q2 $20.8B
FY25 Q3 $21.6B
FY25 Q4 $22B
FY26 Q1 $21.1B
FY26 Q2 $28.1B
FY26 Q3 $33.7B
FY26 Q4 $39.1B
Revenue growth, TTM YoY Supermicro
0% 50% 100% 150% 200% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue growth, TTM YoY, FY24 Q1: 22.9% Revenue growth, TTM YoY, FY24 Q2: 39.2% Revenue growth, TTM YoY, FY24 Q3: 79.8% Revenue growth, TTM YoY, FY24 Q4: 110.4% Revenue growth, TTM YoY, FY25 Q1: 154.5% Revenue growth, TTM YoY, FY25 Q2: 125.0% Revenue growth, TTM YoY, FY25 Q3: 82.5% Revenue growth, TTM YoY, FY25 Q4: 46.6% Revenue growth, TTM YoY, FY26 Q1: 11.9% Revenue growth, TTM YoY, FY26 Q2: 34.8% Revenue growth, TTM YoY, FY26 Q3: 56.2% Revenue growth, TTM YoY, FY26 Q4: 77.8% 77.8%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q1 22.9%
FY24 Q2 39.2%
FY24 Q3 79.8%
FY24 Q4 110.4%
FY25 Q1 154.5%
FY25 Q2 125.0%
FY25 Q3 82.5%
FY25 Q4 46.6%
FY26 Q1 11.9%
FY26 Q2 34.8%
FY26 Q3 56.2%
FY26 Q4 77.8%
Operating margin (TTM) Supermicro
2% 4% 6% 8% 10% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Operating margin (TTM), FY24 Q1: 9.7% Operating margin (TTM), FY24 Q2: 9.4% Operating margin (TTM), FY24 Q3: 9.7% Operating margin (TTM), FY24 Q4: 8.1% Operating margin (TTM), FY25 Q1: 8.2% Operating margin (TTM), FY25 Q2: 7.4% Operating margin (TTM), FY25 Q3: 6.1% Operating margin (TTM), FY25 Q4: 5.7% Operating margin (TTM), FY26 Q1: 4.4% Operating margin (TTM), FY26 Q2: 3.7% Operating margin (TTM), FY26 Q3: 4.5% Operating margin (TTM), FY26 Q4: 7.1% 7.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q1 9.7%
FY24 Q2 9.4%
FY24 Q3 9.7%
FY24 Q4 8.1%
FY25 Q1 8.2%
FY25 Q2 7.4%
FY25 Q3 6.1%
FY25 Q4 5.7%
FY26 Q1 4.4%
FY26 Q2 3.7%
FY26 Q3 4.5%
FY26 Q4 7.1%
FCF margin (TTM) Supermicro
-30% -20% -10% 0% 10% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 FCF margin (TTM), FY24 Q1: 8.0% FCF margin (TTM), FY24 Q2: -1.8% FCF margin (TTM), FY24 Q3: -16.6% FCF margin (TTM), FY24 Q4: -17.4% FCF margin (TTM), FY25 Q1: -13.4% FCF margin (TTM), FY25 Q2: -10.4% FCF margin (TTM), FY25 Q3: 0.1% FCF margin (TTM), FY25 Q4: 7.0% FCF margin (TTM), FY26 Q1: 1.0% FCF margin (TTM), FY26 Q2: 1.6% FCF margin (TTM), FY26 Q3: -20.3% FCF margin (TTM), FY26 Q4: -17.8% -17.8%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q1 8.0%
FY24 Q2 -1.8%
FY24 Q3 -16.6%
FY24 Q4 -17.4%
FY25 Q1 -13.4%
FY25 Q2 -10.4%
FY25 Q3 0.1%
FY25 Q4 7.0%
FY26 Q1 1.0%
FY26 Q2 1.6%
FY26 Q3 -20.3%
FY26 Q4 -17.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Supermicro took in during FY2026, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $39.1B
  2. Cost of revenue $34.8B · 89.2%
  3. Gross profit $4.2B · 10.8%
  4. Research and development $771M · 2.0%
  5. Selling, general and admin $686M · 1.8%
  6. Operating income $2.8B · 7.1%
  7. Income tax $556M · 1.4%
  8. Net income $2.2B · 5.7%

Shares of revenue. Source: Supermicro's 10-K for FY2026, as filed with the SEC.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jun 2010 2011 Jun 2011 2012 Jun 2012 2013 Jun 2013 2014 Jun 2014 2015 Jun 2015 2016 Jun 2016 2017 Jun 2017 2018 Jun 2018 2019 Jun 2019 2020 Jun 2020 2021 Jun 2021 2022 Jun 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026
Income
Revenue 0.7 0.9 1.0 1.2 1.5 2.0 2.2 2.5 3.4 3.5 3.3 3.6 5.2 7.1 15.0 22.0 39.1
Gross profit 0.1 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.4 0.5 0.5 0.5 0.8 1.3 2.1 2.4 4.2
EBITDA 0.0 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.4 0.8 1.2 1.3 2.8
Operating income 0.0 0.1 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.3 0.8 1.2 1.3 2.8
Net income 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.0 0.1 0.1 0.1 0.3 0.6 1.2 1.0 2.2
Diluted EPS $0.07 $0.09 $0.07 $0.05 $0.12 $0.18 $0.14 $0.13 $0.09 $0.14 $0.16 $0.21 $0.53 $1.14 $1.92 $1.68 $3.26
Growth (year on year)
Revenue — +30.7% +7.6% +14.7% +26.2% +33.2% +13.8% +11.7% +35.2% +4.2% −4.6% +6.5% +46.1% +37.1% +110.4% +46.6% +77.8%
EBITDA — +41.4% −17.2% −34.1% +147.5% +62.5% −14.2% −7.9% +4.8% +4.2% −6.0% +33.3% +136.6% +118.9% +57.5% +4.3% +118.2%
Operating income — +44.0% −21.6% −41.0% +195.5% +65.3% −19.0% −11.7% −0.2% +2.7% −11.9% +44.7% +170.4% +127.1% +59.1% +3.5% +121.1%
Net income — +49.4% −25.8% −28.7% — +70.9% −22.1% −7.3% −30.9% — +17.2% +32.7% +154.9% +124.4% +80.1% −9.0% +112.7%
Diluted EPS — +43.1% −28.0% −28.4% — +59.5% −24.9% −7.2% −31.0% — +15.1% +30.6% +153.6% +115.1% +68.4% −12.5% +94.0%
Margins
Gross margin 15.9% 16.0% 16.3% 13.8% 15.4% 15.7% 14.9% 14.1% 12.8% 14.2% 15.8% 15.0% 15.4% 18.0% 13.8% 11.1% 10.8%
EBITDA margin 6.3% 6.8% 5.2% 3.0% 5.9% 7.2% 5.4% 4.5% 3.5% 3.5% 3.4% 4.3% 6.9% 11.1% 8.3% 5.9% 7.2%
Operating margin 5.6% 6.2% 4.5% 2.3% 5.5% 6.8% 4.8% 3.8% 2.8% 2.8% 2.6% 3.5% 6.5% 10.7% 8.1% 5.7% 7.1%
Net margin 3.7% 4.3% 2.9% 1.8% 3.7% 4.7% 3.2% 2.7% 1.4% 2.1% 2.5% 3.1% 5.5% 9.0% 7.7% 4.8% 5.7%
Free-cash-flow margin −3.4% −0.8% −0.8% 0.7% −2.3% −4.2% 3.3% −5.1% 1.8% 6.8% −2.2% 1.8% −9.4% 8.8% −17.4% 7.0% −17.8%
Cash flow
Cash from operations −0.0 0.0 0.0 0.0 0.0 −0.0 0.1 −0.1 0.1 0.3 −0.0 0.1 −0.4 0.7 −2.5 1.7 −6.8
Capital spending 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.1 0.1 0.2
Free cash flow −0.0 −0.0 −0.0 0.0 −0.0 −0.1 0.1 −0.1 0.1 0.2 −0.1 0.1 −0.5 0.6 −2.6 1.5 −7.0
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.3 0.4
Free cash flow after stock pay −0.0 −0.0 −0.0 −0.0 −0.0 −0.1 0.1 −0.1 0.0 0.2 −0.1 0.0 −0.5 0.6 −2.8 1.2 −7.4
Balance sheet
Cash 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.1 0.2 0.2 0.2 0.3 0.4 1.7 5.2 7.5
Total debt 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.2 — 0.0 0.0 0.1 0.6 0.3 1.7 4.6 4.7
Net debt (negative = net cash) −0.1 −0.0 −0.0 −0.0 −0.0 0.0 −0.1 0.1 −0.1 −0.2 −0.2 −0.1 0.3 −0.2 0.0 −0.5 −2.9
Diluted shares 407m 424m 442m 439m 465m 501m 518m 517m 522m 517m 528m 535m 536m 560m 602m 628m 697m
Returned to shareholders
Buybacks — — — — — 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.1 0.0 0.2 0.0
Total returned — — — — — 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.1 0.0 0.2 0.0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 7 checks passed · June 30, 2026
What it owns · $29.9bn
Short-term assets $27.7bnLonger-term assets $2.2bn
What it owes, and who funded it · $29.9bn
Short-term liabilities $7.2bnLonger-term liabilities $8.3bnShareholders' equity $14.5bn
  • Short-term assets cover short-term liabilities $27.7bn of assets due within a year against $7.2bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $27.7bn short-term assets against $8.3bn of longer-dated liabilities.
  • More cash than debt $7.5bn of cash against $4.7bn of debt.
  • Debt below 40% of shareholders' equity Debt is 32% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 12% to 32% over five years.
  • A year's operating cash flow covers at least 20% of debt −$6.8bn of operating cash flow against $4.7bn of debt.
  • Operating profit covers interest at least five times over Operating income of $2.8bn against $195m of interest.

From Supermicro's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Buybacks, last 3 fiscal years
$200M
Diluted share count
+11.0%
year over year
R&D spending
2.0%
of revenue
Days sales outstanding
57 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in technology hardware, storage & peripherals
Last 12 months unless stated SMCI HPE SNDK HPQ WDC STX Median
Revenue, last 12 months $39.1bn $41.9bn $29.0bn $59.2bn $14.5bn $13.8bn $3.9bn
Revenue growth, last 12 months 77.8% 26.6% 272.4% 8.1% 43.0% 44.4% 11.3%
Revenue growth, 3-year average 76.3% 12.2% — 2.7% 57.4% 26.6% 2.7%
Revenue growth, latest quarter 93.2% 33.7% 377.9% 12.5% 55.5% 61.0% 22.0%
Gross margin 10.8% 31.4% 80.0% 19.9% 52.6% 50.4% 34.7%
Operating margin 7.1% 6.2% 72.5% 5.4% 39.4% 39.6% 4.1%
Operating margin, 3-year average 7.0% 4.6% 19.2% 6.2% 22.9% 25.3% 4.2%
Net margin 5.7% 6.7% 67.0% 4.1% 69.2% 31.9% 2.0%
Cash from operations / revenue −17.4% 16.0% 60.6% 7.9% 33.6% 35.0% 6.3%
Free-cash-flow margin −17.8% 9.9% 59.9% 6.6% 29.6% 30.1% 3.0%
Free-cash-flow margin, 3-year average −9.4% 6.7% — 6.1% 15.8% 17.2% 4.7%
Stock pay / revenue 1.1% 1.9% 0.9% 0.8% 1.6% 1.6% 1.9%
Change in share count 11.0% −2.6% 7.0% −2.9% 5.8% 5.0% 1.4%

Median of all 27 companies we cover in technology hardware, storage & peripherals. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

27 technology hardware, storage & peripherals companies
Measure Company Peer median Rank
Revenue growth Growth 77.8% 11.3% 4 of 27
Change in growth rate Growth +21.5pp +5.0pp 4 of 27
Gross margin Profitability 10.8% 41.2% 21 of 22
Operating margin Profitability 7.1% 5.3% 9 of 26
Net margin Profitability 5.7% 2.0% 10 of 27
Free-cash-flow margin Cash generation -17.8% 3.6% 21 of 26
Stock pay as % of revenue Cash generation 1.1% 1.9% 9 of 27
Long-term debt as % of assets Balance sheet 15.6% 18.6% 6 of 16
Change in share count Balance sheet 11.0% 1.4% 22 of 27
Days sales outstanding Balance sheet 57 days 54 days 17 of 23

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to June 30, 2026
Products and services
Line of business Revenue YoY
Service and Software $538M ▲ 62.9%
Services $420M ▲ 88.4%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
United States $27.7B 70.9% ▲ 112.1%
Asia $6.1B 15.5% ▲ 10.4%
Europe $2.7B 6.8% ▼ 1.9%
Other Countries $2.6B 6.7% ▲ 277.4%

From Supermicro's 10-K filed August 31, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$13.2B
Institutions reporting
763
Shares held vs prior quarter
▲ 33.4%
Positions opened / closed
133 / 76

Top buyers and sellers, Q2 2026: 433 institutions bought and 307 sold ; the biggest buyer was Jane Street Group, LLC (+24.4M shares) and the biggest seller Defiance Etfs, LLC (−6.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.4B 47.7M 10.6% ▲ 10.0%
Vanguard Capital Management LLC $1.1B 36.4M 8.1% ▲ 10.5%
Vanguard Portfolio Management LLC $964M 32.9M 7.3% ▲ 11.1%
Jane Street Group, LLC $844M 28.8M 6.4% ▲ 551.4%
State Street Corp $723M 24.6M 5.5% ▲ 11.9%
UBS Group AG $578M 19.7M 4.4% ▲ 63.1%
Geode Capital Management, LLC $453M 15.5M 3.4% ▲ 9.6%
Invesco Ltd. $344M 11.7M 2.6% ▼ 0.8%
Goldman Sachs Group Inc $325M 11.1M 2.5% ▲ 221.9%
Two Sigma Investments, LP $287M 9.8M 2.2% ▲ 978.8%
Morgan Stanley $265M 9.0M 2.0% ▲ 18.0%
BNP Paribas Financial Markets $225M 7.7M 1.7% ▲ 41.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Supermicro's complete shareholder register. Values are as reported by the filers ; 4 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $27.9M 10 trades by 4 insiders · 88% under pre-set plans
Net ▼ $27.9M net selling
Insider Date Trade Shares Price Value
Liang Charles President and CEO October 7, 2026 Sell pre-set plan 100,000 $45.02 $4.5M
Liu Liang Chiu-Chu Sara Director October 7, 2026 Sell pre-set plan 100,000 $45.02 $4.5M
Liu Liang Chiu-Chu Sara Director September 4, 2026 Sell pre-set plan 100,000 $40.00 $4M
Liang Charles President and CEO September 4, 2026 Sell pre-set plan 100,000 $40.00 $4M
Liu Liang Chiu-Chu Sara Director September 3, 2026 Sell pre-set plan 57,435 $37.62 $2.2M
Liu Liang Chiu-Chu Sara Director September 3, 2026 Sell pre-set plan 42,565 $36.60 $1.6M
Liang Charles President and CEO September 3, 2026 Sell pre-set plan 57,435 $37.62 $2.2M
Liang Charles President and CEO September 3, 2026 Sell pre-set plan 42,565 $36.60 $1.6M
Tuan Sherman Director November 26, 2025 Sell 48,630 $33.00 $1.6M
Kao George SVP, OPERATIONS November 24, 2025 Sell 56,904 $32.83 $1.9M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 9 trades and filings

In the last 12 months, 1 member of Congress disclosed 0 purchases and 1 sale of Supermicro shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (partial), $1,001 - $15,000, traded November 12, 2025, filed December 15, 2025
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded September 5, 2025, filed October 10, 2025
  • Tim Moore(R-NC 14):Sale (full), $15,001 - $50,000, traded May 2, 2025, filed June 13, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 6, 2027 estimated from the company's past filing pattern, not announced

  • October 20, 2026
  • August 11, 2026
  • July 21, 2026
  • May 5, 2026
  • February 3, 2026
  • November 4, 2025

Recent SEC filings

Data status

When each part of this page on Supermicro was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Supermicro in brief

What does Supermicro do?
Supermicro is a US-listed company in the technology hardware, storage & peripherals industry. Its financial year ends in June.
What is Supermicro's stock ticker?
Supermicro trades under the ticker SMCI on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Supermicro's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Supermicro reported revenue of $39.1B, 77.8% higher than a year earlier, according to its SEC filings.
What is Supermicro's free cash flow?
Supermicro's free-cash-flow margin is -17.8% of revenue over the trailing twelve months, ranking 21 of the 26 technology hardware, storage & peripherals companies we cover.
Who are Supermicro's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Supermicro's market cap?
On June 30, 2026, Supermicro's market capitalisation was about $20.5B, with a price-to-earnings ratio of 9.2 and net debt of -$2.9B. Market figures come from third-party market data and may be delayed.
How much debt does Supermicro have?
Supermicro's debt-to-equity ratio is 32.2%, from its latest balance sheet (11.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Supermicro's competitors?
In our Technology Hardware, Storage & Peripherals peer group, the companies closest to Supermicro are Hewlett Packard Enterprise, Sandisk, HP Inc., Western Digital and Seagate Technology. The side-by-side comparison below sets their revenue, margins and growth against Supermicro's.
Are insiders buying or selling Supermicro stock?
Over the last 12 months, Supermicro's directors and officers reported 0 open-market purchases and 10 sales on Form 4. The insider trading page charts every trade.
When is Supermicro's next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Supermicro announces its own schedule.