Overview
Super Micro Computer, Inc.
Latest 10-K: FY2026, filed Aug 31, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $39.06B
- 77.8%YoYup from FY2025
- TotalRevenue
- Gross profit
- $4.23B
- 74.0%YoYup from FY2025
- GrossProfit
- Operating income
- $2.77B
- 121.1%YoYup from FY2025
- OperatingIncome
- Net income
- $2.23B
- 112.7%YoYup from FY2025
- NetIncome
- Diluted EPS
- $3.26
- 94.0%YoYup from FY2025
- EPSDiluted
- Diluted shares
- 697.3M
- 11.0%YoYup from FY2025
- WeightedAvgSharesDiluted
At a glance
Growth
- Super Micro Computer, Inc. reported revenue of $39.06B for fiscal 2026, up 77.8% from fiscal 2025.
- Revenue grew faster than the median S&P 500 member in 4 of the last 4 fiscal years.
Profitability
- Operating margin was 7.1% and net margin was 5.7%.
Per share
- Diluted EPS was $3.26, up 94.0% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $39.06B77.8%up | $21.97B46.6%up Benchmark median 6.4% | $14.99B110.4%up Benchmark median 4.5% | $7.12B37.1%up Benchmark median 4.8% | $5.20B46.1%up Benchmark median 10.3% | 65.6% |
| Gross Profit Median of 315 / 498 | $4.23B74.0%up | $2.43B17.9%up Benchmark median 6.8% | $2.06B60.7%up Benchmark median 5.5% | $1.28B60.4%up Benchmark median 5.2% | $0.80B49.7%up Benchmark median 8.3% | 51.6% |
| Operating Income Median of 373 / 498 | $2.77B121.1%up | $1.25B3.5%up Benchmark median 7.3% | $1.21B59.1%up Benchmark median 7.4% | $0.76B127.1%up Benchmark median 4.9% | $0.34B170.4%up Benchmark median 7.5% | 69.6% |
| Net Income | $2.23B112.7%up | $1.05B9.0%down Benchmark median 4.8% | $1.15B80.1%up Benchmark median 5.7% | $0.64B124.4%up Benchmark median 1.9% | $0.29B154.9%up Benchmark median 1.3% | 67.2% |
| EPS (Diluted) | $3.2694.0%up | $1.6812.5%down Benchmark median 6.2% | $1.9268.4%up Benchmark median 7.9% | $1.14115.1%up Benchmark median 1.9% | $0.53‡n/m Benchmark median 1.5% | 57.5% |
‡ Share basis changed between these years (stock split or reverse split).
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $29.95B113.6%up | $14.02B42.7%up Benchmark median 5.6% | $9.83B167.4%up Benchmark median 3.4% | $3.67B14.7%up Benchmark median 4.1% | $3.21B43.0%up Benchmark median 2.2% | 74.8% |
| Total Liabilities Median of 357 / 498 | $15.47B100.4%up | $7.72B75.0%up Benchmark median 6.4% | $4.41B158.9%up Benchmark median 1.9% | $1.70B4.3%down Benchmark median 2.9% | $1.78B55.3%up Benchmark median 2.0% | 71.7% |
| Stockholders' Equity | $14.48B129.8%up | $6.30B16.3%up Benchmark median 6.8% | $5.42B174.7%up Benchmark median 5.4% | $1.97B38.3%up Benchmark median 7.3% | $1.43B30.0%up Benchmark median 2.5% | 78.5% |
| Cash & Equivalents | $7.52B45.5%up | $5.17B209.6%up Benchmark median 5.2% | $1.67B279.1%up Benchmark median 1.9% | $0.44B64.7%up Benchmark median 6.7% | $0.27B15.1%up Benchmark median -8.6% | 130.3% |
| Total Debt | $4.06B3506.3%up | $0.11B76.4%down Benchmark median 2.1% | $0.48B64.1%up Benchmark median 0.2% | $0.29B51.4%down Benchmark median 0.3% | $0.60B507.8%up Benchmark median 0.1% | 61.5% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | negative: -$6.81B510.4%down | $1.66Bn/m Benchmark median 6.3% | negative: -$2.49B474.6%down Benchmark median 4.8% | $0.66Bn/m Benchmark median 9.9% | negative: -$0.44B458.5%down Benchmark median -0.7% | n/m |
| Capital Expenditures | $162.00M27.3%up | $127.21M2.4%up Benchmark median 5.4% | $124.28M237.8%up Benchmark median 2.8% | $36.79M18.6%down Benchmark median 11.3% | $45.18M22.1%down Benchmark median 14.0% | 37.6% |
| Free Cash Flow Median of 378 / 498 | negative: -$6.97B555.0%down | $1.53Bn/m Benchmark median 7.3% | negative: -$2.61B516.4%down Benchmark median 6.1% | $0.63Bn/m Benchmark median 8.8% | negative: -$0.49B848.4%down Benchmark median -11.3% | n/m |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2026Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
11.1%
Wall Street
on net earnings
FY2025 3.4%
negative: −34.1%
Value investor
on free cash flow
FY2025 5.0%
Gap −45.2 pts: Value-investor figure 45.2 points lower
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 9.0×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
16.6%
Wall Street
on EBITDA
FY2025 5.0%
16.3%
Value investor
on EBIT
FY2025 4.9%
Gap −0.3 pts: Value-investor figure 0.3 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 6.0×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
70.8%
Wall Street
on book equity
FY2025 20.5%
70.8%
Value investor
on tangible book
FY2025 20.5%
Gap Same: Both views read the same
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 1.4×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
21.5%
Wall Street
ROE: net income ÷ equity
FY2025 17.9%
14.5%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2025 16.8%
Gap −7.0 pts: Value-investor figure 7.0 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
7.2%
Wall Street
EBITDA margin
FY2025 5.9%
negative: −17.8%
Value investor
Free-cash-flow margin
FY2025 7.0%
Gap −25.0 pts: Value-investor figure 25.0 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
3.87×
Wall Street
Current ratio
FY2025 5.25×
2.07×
Value investor
Quick ratio, inventory excluded
FY2025 3.25×
Gap −1.80×: Value-investor figure 1.80 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.70×
Wall Street
EBITDA ÷ total debt
FY2025 11.50×
negative: −1.72×
Value investor
FCF ÷ total debt
FY2025 13.62×
Gap −2.42×: Value-investor figure 2.42 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net cashValue investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
14.5×
Wall Street
EBITDA ÷ interest
FY2025 21.7×
14.2×
Value investor
EBIT ÷ interest
FY2025 21.0×
Gap −0.3×: Value-investor figure 0.3 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on SMCI yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on SMCI and publish the result to your public profile.
Cite this page
Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/SMCI
Valuein. (2026, October 31). Super Micro Computer, Inc. (SMCI) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/SMCI
@misc{valuein_smci_2026,
author = {{Valuein}},
title = {Super Micro Computer, Inc. (SMCI) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/SMCI}},
note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}10-K filed Aug 31, 2026 · accession 0001375365-26-000022
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point-in-time · survivorship-free · every number traceable to its SEC filing
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