FirmAtlas
Company handbook · SMCI · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
SMCI · CIK 1375365 · LATEST FILING: 10-K FY26 · FILED AUG 31, 2026
Super Micro Computer, Inc.
$31.63
−3.46 (−9.86%)
Close, Oct 16, 2026 · 52-week $19–57
Last fiscal year
Super Micro Computer, Inc. reported revenue of $39.1B for the year ended Jun 30, 2026 (FY26), up 77.8% from FY25. Net income was $2.2B, operating cash flow −$6.8B and free cash flow −$7.0B. Source: 10-K filed Aug 31, 2026.
Market cap
$20.8B
P/E
9.3
EV/EBITDA
4.6x
P/B
1.4
ROIC
55.8%
Revenue 1Y
77.8%/yr
EPS 1Y
94.0%/yr
Shares 1Y
+11%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOCharles Liang
HQSan Jose, CA
AuditorBDO USA, P.c.
Employees7,000
Year endsJune
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
30.9%
54.9%
2.7%
−41.3%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY25–FY26
$489M deployed
Capex
$289M
59.1%
Buybacks
$200M
40.9%
Operating cash flow over the period: −$5.2B. Total debt changed by $0M. R&D of $1.4B is already inside operating costs.
Capex was more than operating cash flow in FY26.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
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Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY26 = year ended Jun 30, 2026 · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (10-for-1 split after FY22).
Income
Revenue
21,972
39,063+77.8%
YoY
+77.8%
Gross profit
2,430
4,227+74.0%
Gross margin
11.1%
10.8%−0.2 pp
Operating income
1,253
2,770+121.1%
Operating margin
5.7%
7.1%+1.4 pp
EBITDA
1,294
2,823+118.2%
EBITDA margin
5.9%
7.2%+1.3 pp
Interest expense
60
195+226.6%
Interest coverage
21.72x
14.51x−7.21x
Net income
1,049
2,230+112.7%
YoY
+112.7%
Net margin
4.8%
5.7%+0.9 pp
EPS (diluted, $)
1.68
3.26+94.0%
YoY
+94.0%
Balance sheet
Total assets
14,018
29,945+113.6%
Cash & short-term investments
5,179
7,655+47.8%
Accounts receivable
2,204
6,125+177.9%
Inventory
4,680
12,896+175.5%
Net PP&E
504
626+24.0%
Other assets
1,451
2,644+82.2%
Total liabilities
7,717
15,466+100.4%
Accounts payable
1,282
2,247+75.3%
Other liabilities
6,435
13,219+105.4%
Shareholders’ equity
6,302
14,479+129.8%
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,660
(6,810)−510.4%
Net income
1,049
2,230+112.7%
Depreciation & amortization
41
53+29.3%
Stock-based compensation
314
412+31.1%
Working capital & other
255
(9,505)−3824.6%
Cash from investing
(183)
(200)n/m
Capex
(127)
(162)n/m
Acquisitions
0
0n/m
Investments bought
(56)
(52)n/m
Other investing
0
13n/m
Cash from financing
2,024
9,479+368.3%
Debt raised
1,388
4,469+222.0%
Debt repaid
(1,769)
(521)n/m
Buybacks
(200)
0n/m
Shares issued
0
1,407n/m
Other financing
2,605
4,124+58.3%
Net change in cash
3,502
2,459−29.8%
Free cash flow (OCF − capex)
1,532
(6,972)−555.0%
Where the cash went
Operating cash flow
1,660
(6,810)−510.4%
Reinvested in the business
127
162+27.3%
% of operating cash flow
7.7%
—
Capex
127
162+27.3%
Acquisitions
0
0n/m
R&D (memo, already in costs)
637
771+21.2%
Free cash flow
1,532
(6,972)−555.0%
YoY
−555.0%
Returned to shareholders
200
0−100.0%
% of free cash flow
13.1%
—
Buybacks
200
0−100.0%
FCF conversion (FCF ÷ net income)
146.1%
−312.6%−458.7 pp
Owner earnings
—
(9,051)
Owner earnings margin
—
−23.2%
Returns & ratios
ROIC (all capital)
97.1%
55.8%−41.3 pp
ROIC (operating)
17.9%
18.9%+1.0 pp
Cash conversion cycle (days)
100
169+69 d
ROE
16.6%
15.4%−1.2 pp
ROA
7.5%
7.4%−0.0 pp
ROCE
10.7%
12.2%+1.4 pp
NOPAT
1,091
2,218+103.3%
Invested capital (operating)
6,107
17,400+184.9%
Invested capital (all)
1,123
6,825+507.6%
Reinvestment rate
—
509.2%
Debtor days
37
57+21 d
Inventory days
87
135+48 d
Days payable
24
24−0 d
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
5,018
12,682
10,243
11,120
vs year-ago quarter
Gross profit
467
799
1,019
1,943
Gross margin
9.3%
6.3%
9.9%
17.5%
Operating income
182
474
626
1,488
Net income
168
401
483
1,178
vs year-ago quarter
Net margin
3.4%
3.2%
4.7%
10.6%
EPS (diluted, $)
0.26
0.60
0.72
1.79
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
14,386
28,002
23,452
29,945
Cash & equivalents
4,199
4,194
1,340
7,655
Shareholders’ equity
6,523
6,992
7,575
14,479
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
(918)
(24)
(6,615)
747
Capex
32
21
80
28
Free cash flow
(950)
(45)
(6,696)
719
vs year-ago quarter