What is Super Micro Computer's operating income?

Super Micro Computer's total operating income in 2026 was $2.77 billion, based on the following breakdown: Total Gross Profit: $4.23 billion Total Operating Expenses: $1.46 billion

Super Micro Computer (SMCI) Financials

$39.59 +1.72 (+4.54%)

As of 04:00 PM Eastern

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Annual Income Statements for Super Micro Computer

This table shows Super Micro Computer's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	72	67	46	72	84	112	285	640	1,153	1,049	2,230
Consolidated Net Income / (Loss)	72	67	46	72	84	112	285	640	1,153	1,049	2,230
Net Income / (Loss) Continuing Operations	72	67	46	72	84	112	285	640	1,153	1,049	2,230
Total Pre-Tax Income	107	92	88	90	85	119	337	754	1,214	1,212	2,789
Total Operating Income	107	95	95	97	86	124	335	761	1,211	1,253	2,770
Total Gross Profit	331	350	430	496	526	535	800	1,283	2,061	2,430	4,227
Total Revenue	2,225	2,485	3,360	3,500	3,339	3,557	5,196	7,123	14,989	21,972	39,063
Operating Revenue	2,225	2,485	3,360	3,500	3,339	3,557	5,196	7,123	14,989	21,972	39,063
Total Cost of Revenue	1,895	2,135	2,930	3,005	2,813	3,023	4,396	5,840	12,928	19,542	34,836
Operating Cost of Revenue	1,895	2,135	2,930	3,005	2,813	3,023	4,396	5,840	12,928	19,542	34,836
Total Operating Expenses	223	255	335	398	441	411	465	522	851	1,177	1,457
Selling, General & Admin Expense	40	45	99	141	134	101	102	100	197	267	333
Marketing Expense	58	66	72	77	85	86	90	115	190	273	353
Research & Development Expense	124	144	165	180	221	224	272	307	464	637	771
Total Other Income / (Expense), net	-0.09	-3.28	-6.50	-7.71	-0.83	-5.32	1.67	-6.85	3.37	-41	19
Interest Expense	1.59	2.30	5.73	6.69	2.24	2.49	6.41	10	19	60	195
Interest & Investment Income	-	-	-	-	-	-	-	-	29	60	187
Other Income / (Expense), net	1.51	-0.98	-0.77	-1.02	1.41	-2.83	8.08	3.65	-6.24	-41	26
Income Tax Expense	35	24	38	15	2.92	6.94	53	111	63	157	556
Other Gains / (Losses), net	-	-0.30	-3.61	-2.72	2.40	0.17	1.21	-3.63	1.82	-6.21	-2.48
Basic Earnings per Share	$1.50	$1.38	$0.94	$1.44	$1.65	$2.19	$0.55	$1.21	$2.07	$1.77	$3.65
Weighted Average Basic Shares Outstanding	47.92M	48.38M	49.35M	49.92M	50.99M	51.16M	514.79M	529.25M	555.88M	593.67M	601.81M
Diluted Earnings per Share	$1.39	$1.29	$0.89	$1.39	$1.60	$2.09	$0.53	$1.14	$1.92	$1.68	$3.26
Weighted Average Diluted Shares Outstanding	51.84M	51.68M	52.15M	51.72M	52.84M	53.51M	536.16M	559.70M	602.15M	628.40M	697.35M
Weighted Average Basic & Diluted Shares Outstanding	48.66M	48.40M	49.10M	49.90M	52.44M	50.59M	52.35M	52.91M	-	594.27M	656.97M

This table shows Super Micro Computer's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	296	402	297	424	321	109	195	168	401	483	1,178
Consolidated Net Income / (Loss)	296	402	297	424	321	109	195	168	401	483	1,178
Net Income / (Loss) Continuing Operations	296	402	298	424	318	109	195	168	401	484	1,177
Total Pre-Tax Income	355	382	299	499	375	115	223	209	500	611	1,470
Total Operating Income	371	378	288	509	369	147	228	182	474	626	1,488
Total Gross Profit	564	597	546	776	670	440	544	467	799	1,019	1,943
Total Revenue	3,665	3,850	5,355	5,937	5,678	4,600	5,757	5,018	12,682	10,243	11,120
Operating Revenue	3,665	3,850	5,355	5,937	5,678	4,600	5,757	5,018	12,682	10,243	11,120
Total Cost of Revenue	3,101	3,253	4,809	5,162	5,008	4,160	5,213	4,550	11,884	9,224	9,177
Operating Cost of Revenue	3,101	3,253	4,809	5,162	5,008	4,160	5,213	4,550	11,884	9,224	9,177
Total Operating Expenses	193	219	258	266	301	293	316	285	324	393	455
Selling, General & Admin Expense	37	53	74	65	64	71	68	64	70	88	111
Marketing Expense	47	50	56	69	80	60	65	48	73	90	142
Research & Development Expense	109	116	127	132	158	163	183	173	181	216	201
Total Other Income / (Expense), net	-16	3.79	10	-10	8.94	-32	-5.67	26	25	-16	-17
Interest Expense	8.13	6.25	3.11	17	6.54	13	22	25	25	64	80
Other Income / (Expense), net	-7.89	10	14	7.23	4.18	-33	17	51	0.23	4.15	-29
Income Tax Expense	62	-20	1.56	75	57	5.84	19	40	99	127	290
Basic Earnings per Share	$0.55	$0.71	$0.53	$0.72	$0.54	$0.18	$0.33	$0.28	$0.67	$0.81	$1.96
Weighted Average Basic Shares Outstanding	541.35M	564.78M	555.88M	589.56M	592.51M	595.04M	593.67M	595.62M	598.00M	600.21M	601.81M
Diluted Earnings per Share	$0.51	$0.66	$0.53	$0.67	$0.51	$0.17	$0.33	$0.26	$0.60	$0.72	$1.96
Weighted Average Diluted Shares Outstanding	580.78M	614.31M	602.15M	639.15M	636.05M	621.81M	628.40M	663.24M	693.99M	692.19M	697.35M
Basic & Diluted Earnings per Share	-	-	$0.53	-	-	-	$0.33	-	-	-	$1.96
Weighted Average Basic & Diluted Shares Outstanding	55.93M	58.56M	0.00	-	593.48M	596.82M	594.27M	596.97M	598.99M	601.42M	656.97M

This table details how cash moves in and out of Super Micro Computer's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025	6/30/2026
Net Change in Cash & Equivalents	86	-68	7.59	142	-50	21	35	172	1,229	3,502	2,459
Net Cash From Operating Activities	108	-96	84	263	-30	123	-441	664	-2,486	1,660	-6,810
Net Cash From Continuing Operating Activities	108	-96	84	263	-30	123	-441	664	-2,486	1,660	-6,769
Net Income / (Loss) Continuing Operations	72	67	46	72	84	112	285	640	1,153	1,049	2,230
Consolidated Net Income / (Loss)	72	67	46	72	84	112	285	640	1,153	1,049	2,230
Amortization Expense	-	-	-	-	-	-	-	0.00	11	27	62
Non-Cash Adjustments To Reconcile Net Income	23	35	39	67	35	30	18	55	325	599	587
Changes in Operating Assets and Liabilities, net	-0.76	-214	-23	99	-179	-47	-777	-66	-4,004	-57	-9,648
Net Cash From Investing Activities	-35	-29	-26	-25	-44	-58	-46	-39	-194	-183	-200
Net Cash From Continuing Investing Activities	-35	-29	-26	-25	-44	-58	-46	-39	-194	-183	-200
Purchase of Property, Plant & Equipment	-34	-29	-25	-25	-44	-58	-45	-37	-124	-127	-162
Acquisitions	-	-	-	-	0.00	0.00	0.00	-2.19	-0.30	0.00	0.00
Purchase of Investments	0.00	0.00	-2.10	-	-	-	-1.10	-0.50	-70	-56	-52
Sale and/or Maturity of Investments	-	-	1.00	0.00	-	-	-	-	-	-	13
Net Cash From Financing Activities	13	58	-51	-96	24	-44	523	-448	3,912	2,024	9,479
Net Cash From Continuing Financing Activities	13	58	-51	-96	24	-44	523	-448	3,912	2,055	9,502
Repayment of Debt	-34	-141	-221	-135	-161	-61	-641	-1,394	-1,968	-1,769	-521
Repurchase of Common Equity	0.00	-18	-	0.00	0.00	-130	0.00	-150	0.00	-200	-1.00
Issuance of Debt	34	207	172	42	165	127	1,153	1,094	3,852	4,328	4,469
Issuance of Preferred Equity	-	-	-	-	-	-	-	-	0.00	0.00	4,232
Issuance of Common Equity	-	-	-	-	-	-	0.00	0.00	2,314	0.00	1,407
Other Financing Activities, net	13	9.86	-1.43	-3.05	20	20	11	2.27	-287	-304	-84
Effect of Exchange Rate Changes	-0.06	-	-	-0.12	0.38	0.56	-0.68	-3.40	-2.19	1.67	-9.36
Cash Interest Paid	1.63	2.08	4.54	3.86	2.17	1.95	5.49	8.54	16	25	109
Cash Income Taxes Paid	37	31	15	24	43	2.91	20	115	392	327	399

This table details how cash moves in and out of Super Micro Computer's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	183	1,390	-446	419	-658	1,106	2,635	-973	-5.53	-2,854	6,292
Net Cash From Operating Activities	-595	-1,520	-642	409	-240	627	864	-918	-24	-6,615	747
Net Cash From Continuing Operating Activities	-595	-1,520	-642	409	-240	627	864	-918	-24	-6,615	788
Net Income / (Loss) Continuing Operations	296	402	297	424	321	109	195	168	401	483	1,178
Consolidated Net Income / (Loss)	296	402	297	424	321	109	195	168	401	483	1,178
Amortization Expense	-	-	-	4.71	-	-	-	13	14	17	18
Non-Cash Adjustments To Reconcile Net Income	53	50	84	71	78	128	99	129	226	193	40
Changes in Operating Assets and Liabilities, net	-954	-1,983	-1,035	-100	-653	379	540	-1,240	-677	-7,322	-409
Net Cash From Investing Activities	-15	-109	-62	-44	-28	-33	-79	-32	-46	-97	-25
Net Cash From Continuing Investing Activities	-15	-109	-62	-44	-28	-33	-79	-32	-46	-97	-25
Purchase of Property, Plant & Equipment	-15	-93	-14	-44	-28	-33	-23	-32	-21	-80	-28
Purchase of Investments	-0.18	-16	-48	-	-	-	-56	-	-	-17	-9.61
Net Cash From Financing Activities	792	3,021	259	50	-387	512	1,849	-19	66	3,859	5,572
Net Cash From Continuing Financing Activities	792	3,021	259	50	-387	512	1,881	-19	66	3,879	5,576
Repayment of Debt	-638	-1,163	-28	-1,106	-468	-189	-6.06	-12	-122	-92	-295
Issuance of Debt	858	2,657	338	1,185	122	735	2,286	29	210	3,996	234
Other Financing Activities, net	-10	-205	-51	-29	-41	-34	-199	-36	-22	-26	0.42
Effect of Exchange Rate Changes	0.37	-1.80	-0.56	4.50	-3.66	-0.01	0.85	-4.59	-1.57	-0.39	-2.80
Cash Interest Paid	7.13	5.47	1.20	11	7.55	5.04	1.44	39	1.23	41	28
Cash Income Taxes Paid	209	83	91	3.34	54	213	57	39	52	180	129

This table presents Super Micro Computer's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025	6/30/2026
Total Assets	1,191	1,515	1,770	1,683	1,919	2,242	3,205	3,675	9,826	14,018	29,945
Total Current Assets	954	1,261	1,531	1,422	1,593	1,867	2,806	3,179	8,932	12,302	27,726
Cash & Equivalents	179	111	115	248	211	232	267	440	1,670	5,170	7,521
Accounts Receivable	175	324	451	394	404	464	835	1,148	2,737	2,204	6,125
Inventories, net	517	737	853	670	851	1,041	1,546	1,446	4,333	4,680	12,896
Prepaid Expenses	79	89	111	110	127	130	159	145	192	247	1,183
Plant, Property, & Equipment, net	188	196	197	207	234	275	286	290	414	504	626
Total Noncurrent Assets	49	58	42	53	92	100	113	205	480	1,212	1,594
Noncurrent Deferred & Refundable Income Taxes	34	39	26	41	55	63	70	163	365	607	697
Other Noncurrent Operating Assets	13	11	14	11	34	32	43	42	115	605	896
Total Liabilities & Shareholders' Equity	1,191	1,515	1,770	1,683	1,919	2,242	3,205	3,675	9,826	14,018	29,945
Total Liabilities	495	741	926	741	853	1,146	1,779	1,703	4,409	7,717	15,466
Total Current Liabilities	410	673	812	606	708	969	1,470	1,375	2,346	2,345	7,160
Short-Term Debt	54	161	116	24	24	63	449	170	402	75	2,040
Accounts Payable	267	397	527	360	418	612	655	777	1,472	1,282	2,247
Accrued Expenses	84	113	102	115	155	179	212	164	260	566	1,033
Current Deferred Revenue	-	-	59	94	106	101	111	135	193	369	1,578
Current Deferred & Payable Income Tax Liabilities	5.05	1.36	7.19	13	4.70	13	42	129	18	53	263
Total Noncurrent Liabilities	85	69	114	135	145	177	309	328	2,063	5,372	8,306
Long-Term Debt	40	0.00	-	0.00	5.70	35	148	0.00	1,698	4,683	6,681
Noncurrent Deferred Revenue	-	-	90	109	98	101	123	170	223	363	1,034
Other Noncurrent Operating Liabilities	45	69	25	26	42	41	39	158	142	327	591
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	697	774	844	941	1,066	1,096	1,426	1,972	5,417	6,302	14,480
Total Preferred & Common Equity	696	774	843	941	1,066	1,096	1,426	1,972	5,417	6,302	14,479
Preferred Stock	-	-	-	-	-	-	-	-	-	0.00	4,226
Total Common Equity	696	774	843	941	1,066	1,096	1,426	1,972	5,417	6,302	10,253
Common Stock	279	308	332	350	390	438	482	538	2,831	2,866	4,601
Retained Earnings	419	486	532	612	696	658	943	1,433	2,586	3,435	5,652
Accumulated Other Comprehensive Income / (Loss)	-0.09	-0.08	0.17	-0.08	-0.15	0.45	0.91	0.64	0.71	0.71	0.40
Noncontrolling Interest	0.18	0.17	0.16	0.16	0.17	0.17	0.17	0.17	0.16	0.18	0.16

This table presents Super Micro Computer's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	9/30/2025	12/31/2025	3/31/2026
Total Assets	3,675	4,096	5,405	8,863	9,826	10,851	9,728	10,739	14,386	28,002	23,452
Total Current Assets	3,179	3,571	4,842	8,064	8,932	9,852	8,667	9,514	12,661	26,125	21,568
Cash & Equivalents	440	543	726	2,115	1,670	2,089	1,430	2,536	4,197	4,091	1,290
Accounts Receivable	1,148	846	1,503	1,650	2,737	2,732	3,060	2,643	2,525	11,004	8,413
Inventories, net	1,446	2,053	2,467	4,125	4,333	4,931	3,596	3,870	5,730	10,595	11,103
Prepaid Expenses	145	129	147	174	192	101	581	465	209	434	761
Plant, Property, & Equipment, net	290	292	297	386	414	451	477	493	521	539	608
Total Noncurrent Assets	205	233	266	413	480	549	584	732	1,204	1,338	1,276
Noncurrent Deferred & Refundable Income Taxes	163	186	218	330	365	412	441	481	617	655	633
Other Noncurrent Operating Assets	42	48	47	83	115	137	143	251	587	683	643
Total Liabilities & Shareholders' Equity	3,675	4,096	5,405	8,863	9,826	10,851	9,728	10,739	14,386	28,002	23,452
Total Liabilities	1,703	1,930	2,328	3,769	4,409	4,974	3,490	4,359	7,862	21,009	15,876
Total Current Liabilities	1,375	1,605	1,992	1,718	2,346	2,871	1,358	1,428	2,347	15,397	8,123
Short-Term Debt	170	41	276	82	402	494	155	64	101	202	2,095
Accounts Payable	777	1,084	1,262	1,092	1,472	1,683	549	643	1,280	13,753	3,687
Accrued Expenses	164	153	214	290	260	309	229	345	313	548	830
Current Deferred Revenue	135	166	193	233	193	306	309	353	597	775	1,472
Current Deferred & Payable Income Tax Liabilities	129	161	46	20	18	80	115	24	56	119	38
Total Noncurrent Liabilities	328	326	336	2,051	2,063	2,103	2,132	2,931	5,515	5,613	7,754
Long-Term Debt	0.00	105	99	1,782	1,772	1,765	1,754	2,428	4,675	4,676	6,678
Noncurrent Deferred Revenue	170	174	190	203	223	252	289	313	431	528	663
Other Noncurrent Operating Liabilities	158	46	46	66	68	86	89	190	409	409	412
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,972	2,166	3,077	5,094	5,417	5,877	6,238	6,379	6,524	6,992	7,576
Total Preferred & Common Equity	1,972	2,165	3,077	5,094	5,417	5,877	6,238	6,379	6,523	6,992	7,575
Total Common Equity	1,972	2,165	3,077	5,094	5,417	5,877	6,238	6,379	6,523	6,992	7,575
Common Stock	538	575	1,190	2,805	2,831	2,866	2,907	2,939	2,920	2,988	3,088
Retained Earnings	1,433	1,590	1,886	2,288	2,586	3,010	3,331	3,439	3,603	4,003	4,487
Accumulated Other Comprehensive Income / (Loss)	0.64	0.65	0.66	0.55	0.71	0.80	0.65	0.66	0.70	0.70	0.69
Noncontrolling Interest	0.17	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.17	0.16	0.16

This table displays calculated financial ratios and metrics derived from Super Micro Computer's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	601,418,482.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	601,418,482.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	3.71
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.85%	11.68%	35.23%	8.32%	-4.60%	6.53%	46.06%	37.09%	110.42%	46.59%	77.79%
EBITDA Growth	-13.70%	-9.84%	5.02%	215.99%	-52.03%	29.22%	151.66%	112.84%	59.37%	5.15%	123.34%
EBIT Growth	-18.42%	-13.86%	0.05%	209.67%	-54.75%	39.11%	183.41%	122.81%	61.29%	3.08%	130.83%
NOPAT Growth	-22.06%	-3.57%	-23.18%	103.40%	2.02%	41.11%	142.12%	129.86%	76.71%	-4.95%	103.32%
Net Income Growth	-22.12%	-7.25%	-30.95%	111.57%	17.23%	32.69%	154.92%	124.43%	80.10%	-9.01%	112.66%
EPS Growth	-24.86%	-7.19%	-31.01%	112.36%	15.11%	30.63%	154.92%	124.43%	80.10%	-12.50%	94.05%
Operating Cash Flow Growth	334.12%	-189.07%	187.69%	422.56%	-111.55%	505.34%	-458.51%	250.54%	-474.63%	166.76%	-510.35%
Free Cash Flow Firm Growth	173.72%	-274.72%	119.87%	-3,147.31%	-49.88%	-93.53%	-1,360.94%	236.51%	-537.18%	136.23%	-821.81%
Invested Capital Growth	-1.08%	34.04%	3.20%	-30.19%	-38.33%	8.60%	83.26%	-3.04%	247.96%	0.08%	166.20%
Revenue Q/Q Growth	-0.25%	6.29%	9.93%	28.24%	1.27%	5.11%	12.24%	8.36%	26.82%	1.87%	15.91%
EBITDA Q/Q Growth	-10.97%	7.53%	-29.26%	37.71%	-13.61%	23.35%	54.87%	8.13%	6.39%	-2.92%	67.01%
EBIT Q/Q Growth	-13.25%	7.90%	-32.17%	5.48%	-18.44%	31.31%	62.16%	8.45%	6.35%	-4.32%	74.10%
NOPAT Q/Q Growth	-13.43%	13.41%	36.79%	28.50%	-10.01%	26.12%	54.11%	9.37%	8.75%	-6.87%	80.15%
Net Income Q/Q Growth	-14.18%	13.16%	39.28%	26.99%	-5.87%	22.72%	55.40%	8.98%	9.88%	-8.87%	78.81%
EPS Q/Q Growth	-16.77%	13.16%	41.27%	-8.28%	-6.43%	22.94%	55.40%	8.98%	9.88%	-12.95%	56.73%
Operating Cash Flow Q/Q Growth	176.91%	-25.43%	516.39%	13.75%	-120.56%	435.41%	-25.19%	2.44%	-34.12%	1,020.57%	-1.74%
Free Cash Flow Firm Q/Q Growth	491.96%	-37.69%	-96.68%	478.86%	-25.85%	143.17%	-20.27%	23.28%	-40.04%	437.16%	-1.06%
Invested Capital Q/Q Growth	-2.40%	3.94%	0.00%	-13.01%	14.43%	0.00%	11.85%	6.83%	22.30%	-7.63%	4.12%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	14.85%	14.08%	12.80%	28.31%	15.76%	15.03%	15.40%	18.01%	13.75%	11.06%	10.82%
EBITDA Margin	5.50%	4.44%	3.45%	6.88%	3.46%	4.20%	7.23%	11.23%	8.50%	6.10%	7.32%
Operating Margin	4.83%	3.82%	2.82%	5.56%	2.57%	3.48%	6.45%	10.69%	8.08%	5.70%	7.09%
EBIT Margin	4.90%	3.78%	2.80%	5.50%	2.61%	3.40%	6.61%	10.74%	8.23%	5.79%	7.16%
Profit (Net Income) Margin	3.24%	2.69%	1.37%	4.11%	2.52%	3.14%	5.49%	8.98%	7.69%	4.77%	5.71%
Tax Burden Percent	67.11%	72.99%	52.33%	160.67%	99.39%	94.30%	84.66%	84.85%	94.94%	86.55%	79.97%
Interest Burden Percent	98.54%	97.55%	93.90%	186.09%	97.43%	97.95%	98.13%	98.63%	98.43%	95.31%	99.73%
Effective Tax Rate	32.89%	26.68%	43.58%	33.25%	3.44%	5.85%	15.70%	14.67%	5.21%	12.94%	19.95%
Return on Invested Capital (ROIC)	11.79%	9.77%	6.45%	10.41%	7.15%	12.69%	20.83%	37.57%	30.11%	18.65%	20.57%
ROIC Less NNEP Spread (ROIC-NNEP)	11.91%	21.62%	-29.41%	18.45%	6.37%	15.69%	23.57%	5.48%	34.39%	451.87%	23.76%
Return on Net Nonoperating Assets (RNNOA)	-0.83%	-0.67%	-0.74%	-4.71%	-1.30%	-2.34%	1.78%	0.10%	1.09%	-0.75%	0.90%
Return on Equity (ROE)	10.96%	9.09%	5.71%	8.06%	5.85%	10.35%	22.61%	37.67%	31.20%	17.90%	21.47%
Cash Return on Invested Capital (CROIC)	12.87%	-19.32%	3.30%	-38.35%	54.57%	4.44%	-37.95%	40.66%	-80.60%	18.57%	-70.20%
Operating Return on Assets (OROA)	9.56%	6.94%	5.72%	11.15%	4.84%	5.82%	12.60%	22.23%	18.27%	10.66%	12.72%
Return on Assets (ROA)	6.32%	4.94%	2.81%	8.33%	4.68%	5.38%	10.47%	18.61%	17.08%	8.80%	10.15%
Return on Common Equity (ROCE)	10.95%	9.09%	5.71%	16.11%	5.85%	10.35%	22.61%	37.67%	31.20%	17.90%	17.10%
Return on Equity Simple (ROE_SIMPLE)	10.35%	8.64%	-	7.64%	7.91%	10.20%	20.00%	32.45%	21.28%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	72	70	53	81	83	117	283	649	1,148	1,091	2,218
NOPAT Margin	3.24%	2.80%	1.59%	4.63%	2.48%	3.28%	5.44%	9.12%	7.66%	4.96%	5.68%
Net Nonoperating Expense Percent (NNEP)	-0.13%	-11.86%	35.85%	-8.03%	0.78%	-3.00%	-2.74%	32.10%	-4.28%	-433.22%	-3.19%
Return On Investment Capital (ROIC_SIMPLE)	9.13%	7.44%	-	8.40%	7.55%	9.77%	13.97%	30.32%	15.12%	9.90%	9.56%
Cost of Revenue to Revenue	85.15%	85.92%	87.20%	171.69%	84.24%	84.97%	84.60%	81.99%	86.25%	88.94%	89.18%
SG&A Expenses to Revenue	1.82%	1.80%	2.93%	8.07%	4.01%	2.83%	1.97%	1.40%	1.32%	1.22%	0.85%
R&D to Revenue	5.58%	5.79%	4.91%	10.28%	6.63%	6.31%	5.24%	4.31%	3.09%	2.90%	1.97%
Operating Expenses to Revenue	10.02%	10.27%	9.98%	22.76%	13.19%	11.54%	8.95%	7.33%	5.68%	5.36%	3.73%
Earnings before Interest and Taxes (EBIT)	109	94	94	192	87	121	343	765	1,233	1,271	2,797
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	122	110	116	241	116	149	376	800	1,274	1,340	2,859
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.73	1.55	1.46	2.09	1.38	1.60	1.47	6.63	8.86	4.64	1.72
Price to Tangible Book Value (P/TBV)	1.73	1.55	1.46	1.03	1.38	1.60	1.47	6.63	8.86	4.64	1.72
Price to Revenue (P/Rev)	0.54	0.48	0.37	0.56	0.44	0.49	0.40	1.84	3.20	1.33	0.45
Price to Earnings (P/E)	16.68	17.95	26.72	27.34	17.48	15.70	7.34	20.44	41.62	27.89	7.91
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	5.99%	5.57%	3.74%	14.90%	5.72%	6.37%	13.62%	4.89%	2.40%	3.59%	12.64%
Enterprise Value to Invested Capital (EV/IC)	1.83	1.52	1.46	2.56	1.46	1.69	1.38	7.53	8.19	4.92	1.47
Enterprise Value to Revenue (EV/Rev)	0.50	0.50	0.37	0.43	0.39	0.45	0.47	1.80	3.23	1.31	0.59
Enterprise Value to EBITDA (EV/EBITDA)	9.12	11.27	10.64	12.57	11.17	10.84	6.45	16.02	38.04	21.49	8.07
Enterprise Value to EBIT (EV/EBIT)	10.23	13.23	13.11	15.73	14.82	13.36	7.06	16.75	39.31	22.65	8.25
Enterprise Value to NOPAT (EV/NOPAT)	15.46	17.86	23.05	18.67	15.60	13.87	8.58	19.73	42.25	26.40	10.40
Enterprise Value to Operating Cash Flow (EV/OCF)	10.32	0.00	14.61	5.77	0.00	13.16	0.00	19.31	0.00	17.35	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	14.15	0.00	45.04	0.00	2.05	39.63	0.00	18.23	0.00	26.51	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.13	0.21	0.14	0.05	0.03	0.09	0.42	0.09	0.40	0.75	0.60
Long-Term Debt to Equity	0.06	0.00	0.00	0.00	0.01	0.03	0.10	0.00	0.33	0.74	0.46
Financial Leverage	-0.07	-0.03	0.03	-0.26	-0.20	-0.15	0.08	0.02	0.03	0.00	0.04
Leverage Ratio	1.73	1.84	2.03	3.87	1.79	1.92	2.16	2.02	1.83	2.03	2.12
Compound Leverage Factor	1.71	1.80	1.91	3.60	1.75	1.88	2.12	2.00	1.80	1.94	2.11
Debt to Total Capital	11.84%	17.26%	12.10%	4.90%	2.68%	8.22%	29.51%	7.94%	28.64%	42.83%	37.59%
Short-Term Debt to Total Capital	6.78%	17.26%	12.10%	4.90%	2.16%	5.31%	22.21%	7.94%	5.30%	0.68%	8.79%
Long-Term Debt to Total Capital	5.06%	0.00%	0.00%	0.00%	0.52%	2.90%	7.30%	0.00%	23.34%	42.14%	28.80%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	18.22%
Noncontrolling Interests to Total Capital	0.02%	0.02%	0.02%	0.03%	0.02%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%
Common Equity to Total Capital	88.13%	82.72%	87.88%	195.06%	97.30%	91.77%	70.49%	92.05%	71.36%	57.17%	44.20%
Debt to EBITDA	0.77	1.46	1.00	0.20	0.25	0.66	1.59	0.21	1.71	3.52	3.05
Net Debt to EBITDA	-0.72	0.38	-0.01	-3.76	-1.59	-0.93	0.88	-0.34	0.40	-0.34	0.42
Long-Term Debt to EBITDA	0.33	0.00	0.00	0.00	0.05	0.23	0.39	0.00	1.39	3.47	2.34
Debt to NOPAT	1.30	2.32	2.17	0.58	0.36	0.84	2.11	0.26	1.89	4.33	3.93
Net Debt to NOPAT	-1.22	0.61	-0.03	-5.58	-2.22	-1.19	1.17	-0.42	0.44	-0.41	0.54
Long-Term Debt to NOPAT	0.55	0.00	0.00	0.00	0.07	0.30	0.52	0.00	1.54	4.26	3.01
Altman Z-Score	4.67	3.73	3.78	8.31	3.99	3.58	3.59	8.37	9.64	5.34	3.39
Noncontrolling Interest Sharing Ratio	0.03%	0.02%	0.02%	52.76%	0.02%	0.02%	0.01%	0.01%	0.00%	0.00%	20.34%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.33	1.88	1.89	4.69	2.25	1.93	1.91	2.31	3.81	5.25	3.87
Quick Ratio	0.86	0.65	0.70	2.12	0.87	0.72	0.75	1.16	1.88	3.14	1.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	79	-138	27	1,258	631	41	-515	703	-3,072	1,086	-7,571
Operating Cash Flow to CapEx	316.60%	-327.56%	339.78%	2,113.20%	-68.42%	211.93%	-975.61%	1,803.55%	-2,000.32%	1,304.51%	-4,203.66%
Free Cash Flow to Firm to Interest Expense	49.42	-59.85	4.78	-120.51	282.09	16.43	-80.28	66.99	-158.76	18.23	-38.91
Operating Cash Flow to Interest Expense	67.75	-41.82	14.73	78.49	-13.57	49.48	-68.74	63.25	-128.46	27.86	-35.00
Operating Cash Flow Less CapEx to Interest Expense	46.35	-54.59	10.40	71.06	-33.40	26.13	-75.78	59.75	-134.88	25.72	-35.83
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.95	1.84	2.05	4.06	1.85	1.71	1.91	2.07	2.22	1.84	1.78
Accounts Receivable Turnover	8.94	9.96	8.67	16.57	8.38	8.20	8.00	7.19	7.72	8.89	9.38
Inventory Turnover	3.87	3.41	3.69	7.89	3.70	3.19	3.40	3.91	4.47	4.34	3.96
Fixed Asset Turnover	12.68	12.96	17.14	17.33	15.14	13.99	18.53	24.73	42.57	47.84	69.14
Accounts Payable Turnover	6.68	6.43	6.34	13.54	7.23	5.87	6.94	8.16	11.50	14.19	19.74
Days Sales Outstanding (DSO)	40.81	36.64	42.11	88.11	43.58	44.51	45.60	50.80	47.31	41.04	38.91
Days Inventory Outstanding (DIO)	94.43	107.15	99.01	185.05	98.72	114.25	107.38	93.47	81.58	84.17	92.08
Days Payable Outstanding (DPO)	54.64	56.78	57.55	107.82	50.48	62.18	52.63	44.75	31.75	25.72	18.49
Cash Conversion Cycle (CCC)	80.61	87.01	83.58	165.35	91.82	96.58	100.35	99.51	97.13	99.49	112.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	609	816	842	1,430	882	958	1,755	1,702	5,922	5,852	15,678
Invested Capital Turnover	3.64	3.49	4.05	4.50	2.89	3.87	3.83	4.12	3.93	3.76	3.62
Increase / (Decrease) in Invested Capital	-6.64	207	26	588	-548	76	797	-53	4,220	4.53	9,789
Enterprise Value (EV)	1,115	1,243	1,232	1,514	1,290	1,618	2,424	12,813	48,483	28,801	23,065
Market Capitalization	1,203	1,200	1,233	965	1,474	1,757	2,094	13,083	47,978	29,250	17,640
Book Value per Share	$14.39	$15.89	$16.17	$18.86	$20.52	$21.95	$27.46	$37.57	$92.51	$10.56	$17.05
Tangible Book Value per Share	$14.39	$15.89	$16.17	$37.73	$20.52	$21.95	$27.46	$37.57	$92.51	$10.56	$17.05
Total Capital	790	935	960	1,930	1,095	1,195	2,023	2,142	7,592	11,022	23,200
Total Debt	94	161	116	47	29	98	597	170	2,174	4,720	8,720
Total Long-Term Debt	40	0.00	0.00	0.00	5.70	35	148	0.00	1,772	4,645	6,681
Net Debt	-88	42	-1.57	-452	-184	-139	329	-270	504	-450	1,199
Capital Expenditures (CapEx)	34	29	25	50	44	58	45	37	124	127	162
Debt-free, Cash-free Net Working Capital (DFCFNWC)	419	639	720	1,183	698	730	1,518	1,534	5,319	4,862	15,084
Debt-free Net Working Capital (DFNWC)	598	750	836	1,679	909	962	1,785	1,975	6,989	10,032	22,606
Net Working Capital (NWC)	545	589	719	1,632	885	898	1,336	1,805	6,586	9,957	20,566
Net Nonoperating Expense (NNE)	0.06	2.71	7.27	18	-1.60	4.84	-2.61	9.47	-5.01	42	-13
Net Nonoperating Obligations (NNO)	-88	42	-1.57	-226	-184	-139	329	-270	504	-450	1,199
Total Depreciation and Amortization (D&A)	13	16	22	48	28	28	32	35	41	69	62
Debt-free, Cash-free Net Working Capital to Revenue	18.85%	25.73%	21.43%	33.78%	20.91%	20.51%	29.22%	21.54%	35.48%	22.13%	38.62%
Debt-free Net Working Capital to Revenue	26.89%	30.19%	24.86%	47.96%	27.22%	27.04%	34.36%	27.72%	46.62%	45.66%	57.87%
Net Working Capital to Revenue	24.48%	23.69%	21.41%	46.61%	26.51%	25.25%	25.72%	25.34%	43.94%	45.32%	52.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.15	$0.14	$0.94	$1.58	$0.17	$0.22	$0.55	$1.21	$2.07	$1.77	$3.65
Adjusted Weighted Average Basic Shares Outstanding	479.17M	483.83M	49.35M	549.09M	509.87M	511.57M	514.78M	529.25M	555.88M	593.67M	601.81M
Adjusted Diluted Earnings per Share	$0.14	$0.13	$0.89	$1.53	$0.16	$0.21	$0.53	$1.14	$1.92	$1.68	$3.26
Adjusted Weighted Average Diluted Shares Outstanding	518.36M	516.79M	52.15M	568.88M	528.38M	535.07M	536.15M	559.70M	602.15M	628.40M	697.35M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.94	$0.14	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	486.56M	484M	49.10M	499M	524.37M	505.90M	523.47M	529.06M	0.00	594.27M	656.97M
Normalized Net Operating Profit after Tax (NOPAT)	72	70	53	162	83	117	283	649	1,148	1,091	2,218
Normalized NOPAT Margin	3.24%	2.80%	1.59%	4.63%	2.48%	3.28%	5.44%	9.12%	7.66%	4.96%	5.68%
Pre Tax Income Margin	4.83%	3.69%	2.63%	5.12%	2.54%	3.33%	6.48%	10.59%	8.10%	5.52%	7.14%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	68.38	40.82	16.41	28.76	38.94	48.74	53.52	72.90	63.74	21.34	14.37
NOPAT to Interest Expense	45.26	30.25	9.33	24.24	36.99	46.96	44.06	61.91	59.30	18.31	11.40
EBIT Less CapEx to Interest Expense	46.98	28.05	12.07	21.33	19.11	25.39	46.48	69.39	57.32	19.21	13.54
NOPAT Less CapEx to Interest Expense	23.86	17.48	5.00	16.81	17.16	23.62	37.01	58.40	52.88	16.18	10.57
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	27.61%	0.00%	0.00%	0.00%	116.21%	0.00%	23.44%	0.00%	19.07%	0.04%

This table displays calculated financial ratios and metrics derived from Super Micro Computer's official financial filings.

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	598,989,428.00	601,418,482.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	598,989,428.00	601,418,482.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	0.81	1.96
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	103.25%	200.01%	145.08%	180.10%	54.93%	19.48%	7.51%	-15.49%	123.36%	122.68%	93.16%
EBITDA Growth	71.59%	270.10%	32.19%	181.77%	6.23%	-65.09%	-15.49%	-51.21%	29.41%	404.57%	539.10%
EBIT Growth	74.09%	292.26%	32.21%	188.31%	4.95%	-66.92%	-18.99%	-54.79%	27.28%	453.55%	599.37%
NOPAT Growth	66.54%	352.01%	46.99%	183.28%	1.77%	-65.00%	-27.32%	-66.01%	21.64%	255.92%	472.54%
Net Income Growth	68.00%	368.82%	53.56%	170.28%	8.32%	-72.97%	-34.35%	-60.34%	24.94%	344.38%	503.74%
EPS Growth	68.00%	328.76%	53.56%	170.28%	0.00%	-74.24%	-37.74%	-61.19%	17.65%	323.53%	493.94%
Operating Cash Flow Growth	-469.42%	-866.50%	-6,772.41%	51.19%	59.71%	141.41%	233.31%	-324.39%	90.03%	-1,155.49%	-13.51%
Free Cash Flow Firm Growth	-200.48%	-4,535.44%	-1,682.52%	-23,364.69%	-397.90%	52.50%	105.29%	76.38%	81.48%	-507.50%	-5,257.37%
Invested Capital Growth	62.21%	203.97%	247.96%	241.90%	146.33%	30.84%	0.08%	17.45%	15.80%	137.68%	166.20%
Revenue Q/Q Growth	72.90%	5.05%	39.08%	10.88%	-4.37%	-18.99%	25.15%	-12.84%	152.75%	-19.24%	8.56%
EBITDA Q/Q Growth	98.22%	6.85%	-21.19%	68.82%	-25.27%	-64.89%	89.38%	-1.82%	93.83%	31.67%	123.62%
EBIT Q/Q Growth	102.98%	6.81%	-22.12%	70.75%	-26.11%	-66.33%	90.72%	-4.70%	103.24%	32.77%	131.57%
NOPAT Q/Q Growth	100.99%	29.59%	-27.91%	50.86%	-27.79%	-55.43%	49.72%	-29.45%	158.42%	30.40%	140.84%
Net Income Q/Q Growth	88.52%	35.98%	-26.14%	42.75%	-24.45%	-66.07%	79.41%	-13.77%	138.03%	20.68%	143.74%
EPS Q/Q Growth	88.52%	1,186.27%	-26.14%	42.75%	-23.88%	-66.67%	94.12%	-21.21%	130.77%	20.00%	172.22%
Operating Cash Flow Q/Q Growth	-320.02%	-155.35%	57.76%	163.71%	-158.63%	361.42%	37.79%	-206.24%	97.40%	-27,581.92%	111.29%
Free Cash Flow Firm Q/Q Growth	-4,568.96%	-285.98%	-37.95%	2.23%	4.36%	63.18%	115.07%	-545.12%	25.01%	-1,107.79%	-4.47%
Invested Capital Q/Q Growth	54.19%	77.56%	22.30%	2.11%	11.09%	-5.68%	-7.63%	21.36%	9.53%	93.58%	4.12%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	15.40%	15.52%	10.20%	13.06%	11.80%	9.57%	9.45%	9.31%	6.30%	9.95%	17.47%
EBITDA Margin	10.18%	10.36%	5.87%	8.94%	6.98%	3.03%	4.58%	5.16%	3.96%	6.45%	13.28%
Operating Margin	10.14%	9.83%	5.39%	8.58%	6.49%	3.19%	3.97%	3.63%	3.74%	6.11%	13.38%
EBIT Margin	9.92%	10.09%	5.65%	8.70%	6.72%	2.79%	4.26%	4.65%	3.74%	6.15%	13.12%
Profit (Net Income) Margin	8.08%	10.45%	5.55%	7.15%	5.65%	2.36%	3.39%	3.35%	3.16%	4.72%	10.60%
Tax Burden Percent	83.27%	105.33%	99.30%	85.02%	85.48%	94.54%	87.62%	80.69%	80.08%	79.12%	80.18%
Interest Burden Percent	97.76%	98.39%	98.97%	96.64%	98.29%	89.57%	90.91%	89.32%	105.41%	96.98%	100.73%
Effective Tax Rate	17.30%	-5.23%	0.52%	14.97%	15.19%	5.08%	8.67%	19.26%	19.82%	20.77%	19.74%
Return on Invested Capital (ROIC)	35.19%	37.98%	21.08%	35.09%	24.28%	11.69%	13.61%	9.39%	11.61%	15.25%	38.90%
ROIC Less NNEP Spread (ROIC-NNEP)	39.79%	35.94%	29.84%	42.70%	36.62%	32.34%	152.32%	15.03%	14.81%	14.92%	34.82%
Return on Net Nonoperating Assets (RNNOA)	-3.96%	-2.24%	0.95%	-1.20%	0.51%	-0.83%	-0.25%	0.91%	1.42%	7.95%	1.32%
Return on Equity (ROE)	31.22%	35.74%	22.02%	33.89%	24.78%	10.86%	13.36%	10.30%	13.02%	23.20%	40.22%
Cash Return on Invested Capital (CROIC)	-13.70%	-68.19%	-80.60%	-72.92%	-54.18%	-5.76%	18.57%	-3.84%	-2.65%	-70.03%	-70.20%
Operating Return on Assets (OROA)	21.65%	19.78%	12.54%	21.89%	18.49%	6.15%	7.84%	7.76%	5.56%	12.12%	23.31%
Return on Assets (ROA)	17.62%	20.50%	12.33%	17.98%	15.54%	5.20%	6.25%	5.60%	4.70%	9.30%	18.83%
Return on Common Equity (ROCE)	31.22%	35.74%	22.02%	33.89%	24.78%	10.86%	13.36%	10.30%	13.02%	23.20%	32.04%
Return on Equity Simple (ROE_SIMPLE)	23.80%	20.59%	0.00%	24.16%	23.16%	18.04%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	307	398	287	433	313	139	209	147	380	496	1,194
NOPAT Margin	8.38%	10.34%	5.36%	7.29%	5.51%	3.03%	3.62%	2.93%	3.00%	4.84%	10.74%
Net Nonoperating Expense Percent (NNEP)	-4.60%	2.04%	-8.77%	-7.60%	-12.35%	-20.65%	-138.71%	-5.64%	-3.20%	0.34%	4.08%
Return On Investment Capital (ROIC_SIMPLE)	8.90%	5.72%	3.78%	5.32%	3.84%	1.57%	1.89%	1.30%	3.20%	3.03%	5.15%
Cost of Revenue to Revenue	84.60%	84.48%	89.80%	86.94%	88.20%	90.43%	90.55%	90.69%	93.70%	90.05%	82.53%
SG&A Expenses to Revenue	1.01%	1.38%	1.38%	1.10%	1.12%	1.53%	1.18%	1.27%	0.56%	0.86%	1.00%
R&D to Revenue	2.97%	3.02%	2.38%	2.23%	2.79%	3.54%	3.18%	3.45%	1.43%	2.11%	1.81%
Operating Expenses to Revenue	5.26%	5.69%	4.81%	4.49%	5.31%	6.38%	5.48%	5.68%	2.56%	3.83%	4.09%
Earnings before Interest and Taxes (EBIT)	364	388	302	516	382	128	245	233	475	630	1,459
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	373	399	314	531	396	139	264	259	502	661	1,477
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.93	11.09	8.86	4.15	2.86	3.19	4.64	4.37	2.50	1.80	1.72
Price to Tangible Book Value (P/TBV)	4.93	11.09	8.86	4.15	2.86	3.19	4.64	4.37	2.50	1.80	1.72
Price to Revenue (P/Rev)	1.64	4.78	3.20	1.30	0.86	0.94	1.33	1.35	0.62	0.40	0.45
Price to Earnings (P/E)	20.69	53.86	41.62	17.17	12.35	17.66	27.89	35.93	20.02	10.93	7.91
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.83%	1.86%	2.40%	5.82%	8.09%	5.66%	3.59%	2.78%	4.99%	9.15%	12.64%
Enterprise Value to Invested Capital (EV/IC)	5.43	11.62	8.19	4.06	2.73	3.20	4.92	4.09	2.35	1.40	1.47
Enterprise Value to Revenue (EV/Rev)	1.60	4.76	3.23	1.31	0.88	0.94	1.31	1.38	0.65	0.63	0.59
Enterprise Value to EBITDA (EV/EBITDA)	16.32	46.95	38.04	15.19	11.18	14.69	21.49	27.21	15.44	12.34	8.07
Enterprise Value to EBIT (EV/EBIT)	17.01	48.49	39.31	15.63	11.54	15.26	22.65	29.41	16.75	13.15	8.25
Enterprise Value to NOPAT (EV/NOPAT)	19.90	53.30	42.25	17.18	12.80	17.31	26.40	36.19	21.00	17.16	10.40
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	136.92	17.35	87.27	33.26	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	26.51	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.12	0.37	0.40	0.38	0.31	0.39	0.75	0.73	0.70	1.16	0.60
Long-Term Debt to Equity	0.03	0.35	0.33	0.30	0.28	0.38	0.74	0.72	0.67	0.88	0.46
Financial Leverage	-0.10	-0.06	0.03	-0.03	0.01	-0.03	0.00	0.06	0.10	0.53	0.04
Leverage Ratio	1.73	1.76	1.83	1.86	1.62	1.71	2.03	2.04	2.85	2.45	2.12
Compound Leverage Factor	1.69	1.73	1.81	1.80	1.60	1.53	1.85	1.82	3.01	2.38	2.13
Debt to Total Capital	10.88%	26.78%	28.64%	27.76%	23.43%	28.09%	42.83%	42.27%	41.09%	53.66%	37.59%
Short-Term Debt to Total Capital	8.00%	1.17%	5.30%	6.07%	1.90%	0.72%	0.68%	0.89%	1.70%	12.81%	8.79%
Long-Term Debt to Total Capital	2.88%	25.61%	23.34%	21.69%	21.53%	27.37%	42.14%	41.38%	39.39%	40.85%	28.80%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	18.22%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	89.12%	73.21%	71.36%	72.23%	76.57%	71.91%	57.17%	57.73%	58.90%	46.34%	44.20%
Debt to EBITDA	0.41	1.56	1.71	1.40	1.16	1.81	3.52	4.47	4.13	5.12	3.05
Net Debt to EBITDA	-0.39	-0.21	0.40	0.11	0.29	-0.03	-0.34	0.54	0.67	4.37	0.42
Long-Term Debt to EBITDA	0.11	1.49	1.39	1.09	1.07	1.76	3.47	4.38	3.95	3.90	2.34
Debt to NOPAT	0.51	1.77	1.89	1.58	1.33	2.13	4.33	5.95	5.61	7.13	3.93
Net Debt to NOPAT	-0.47	-0.24	0.44	0.12	0.33	-0.04	-0.41	0.72	0.90	6.08	0.54
Long-Term Debt to NOPAT	0.13	1.69	1.54	1.24	1.22	2.07	4.26	5.82	5.38	5.42	3.01
Altman Z-Score	6.96	11.69	9.33	5.99	6.72	6.20	5.09	4.90	2.22	3.00	3.24
Noncontrolling Interest Sharing Ratio	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	20.34%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.43	4.69	3.81	3.43	6.38	6.66	5.25	5.39	1.70	2.66	3.87
Quick Ratio	1.12	2.19	1.88	1.68	3.31	3.63	3.14	2.86	0.98	1.19	1.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-739	-2,851	-3,933	-3,845	-3,678	-1,354	204	-908	-681	-8,227	-8,595
Operating Cash Flow to CapEx	-4,042.70%	-1,634.88%	-4,589.96%	923.03%	-870.70%	1,916.71%	3,808.15%	-2,843.27%	-112.61%	-8,240.65%	2,645.98%
Free Cash Flow to Firm to Interest Expense	-90.85	-456.46	-1,263.80	-221.58	-562.79	-101.04	9.16	-36.43	-26.86	-127.58	-107.70
Operating Cash Flow to Interest Expense	-73.19	-243.28	-206.24	23.56	-36.69	46.77	38.76	-36.80	-0.94	-102.59	9.36
Operating Cash Flow Less CapEx to Interest Expense	-75.00	-258.16	-210.73	21.01	-40.90	44.33	37.74	-38.10	-1.78	-103.84	9.01
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.18	1.96	2.22	2.52	2.75	2.20	1.84	1.67	1.49	1.97	1.78
Accounts Receivable Turnover	8.15	10.18	7.72	10.51	9.13	10.05	8.89	8.01	3.99	6.10	9.38
Inventory Turnover	3.98	3.51	4.47	4.67	6.01	4.79	4.34	3.55	3.64	4.12	3.96
Fixed Asset Turnover	31.56	34.99	42.57	50.64	53.76	49.13	47.84	43.33	55.23	61.26	69.14
Accounts Payable Turnover	8.49	11.45	11.50	11.80	20.14	22.05	14.19	12.78	3.61	14.26	19.74
Days Sales Outstanding (DSO)	44.80	35.86	47.31	34.72	39.99	36.32	41.04	45.57	91.48	59.87	38.91
Days Inventory Outstanding (DIO)	91.73	104.09	81.58	78.08	60.70	76.24	84.17	102.77	100.36	88.52	92.08
Days Payable Outstanding (DPO)	42.97	31.87	31.75	30.94	18.13	16.55	25.72	28.56	101.14	25.60	18.49
Cash Conversion Cycle (CCC)	93.56	108.08	97.13	81.86	82.56	96.01	99.49	119.78	90.69	122.79	112.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,727	4,842	5,922	6,047	6,717	6,336	5,852	7,102	7,779	15,058	15,678
Invested Capital Turnover	4.20	3.67	3.93	4.81	4.41	3.86	3.76	3.20	3.87	3.15	3.62
Increase / (Decrease) in Invested Capital	1,046	3,249	4,220	4,278	3,990	1,494	4.53	1,055	1,061	8,723	9,789
Enterprise Value (EV)	14,805	56,242	48,483	24,553	18,327	20,277	28,801	29,068	18,260	21,122	23,065
Market Capitalization	15,155	56,494	47,978	24,383	17,848	20,321	29,250	28,489	17,473	13,639	17,640
Book Value per Share	$57.71	$91.07	$92.51	$100.36	$106.53	$10.75	$10.56	$10.98	$11.71	$12.65	$17.05
Tangible Book Value per Share	$57.71	$91.07	$92.51	$100.36	$106.53	$10.75	$10.56	$10.98	$11.71	$12.65	$17.05
Total Capital	3,453	6,958	7,592	8,136	8,148	8,872	11,022	11,299	11,870	16,349	23,200
Total Debt	376	1,863	2,174	2,259	1,909	2,492	4,720	4,776	4,878	8,773	8,720
Total Long-Term Debt	99	1,782	1,772	1,765	1,754	2,428	4,645	4,675	4,676	6,678	6,681
Net Debt	-350	-252	504	170	479	-44	-450	579	787	7,483	1,199
Capital Expenditures (CapEx)	15	93	14	44	28	33	23	32	21	80	28
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,401	4,312	5,319	5,386	6,034	5,613	4,862	6,218	6,839	14,250	15,084
Debt-free Net Working Capital (DFNWC)	3,127	6,428	6,989	7,474	7,464	8,149	10,032	10,415	10,930	15,541	22,606
Net Working Capital (NWC)	2,850	6,346	6,586	6,980	7,309	8,085	9,957	10,314	10,728	13,446	20,566
Net Nonoperating Expense (NNE)	11	-4.36	-10	8.62	-7.97	31	13	-21	-20	12	16
Net Nonoperating Obligations (NNO)	-350	-252	504	170	479	-44	-450	579	787	7,483	1,199
Total Depreciation and Amortization (D&A)	9.62	10	12	14	15	11	19	25	27	31	18
Debt-free, Cash-free Net Working Capital to Revenue	25.95%	36.48%	35.48%	28.64%	28.98%	26.02%	22.13%	29.53%	24.37%	42.29%	38.62%
Debt-free Net Working Capital to Revenue	33.79%	54.38%	46.62%	39.74%	35.85%	37.78%	45.66%	49.47%	38.96%	46.11%	57.87%
Net Working Capital to Revenue	30.80%	53.69%	43.94%	37.12%	35.11%	37.49%	45.32%	48.99%	38.24%	39.90%	52.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.55	$0.71	$0.05	$0.72	$0.54	$0.18	$0.33	$0.28	$0.67	$0.81	$1.96
Adjusted Weighted Average Basic Shares Outstanding	541.35M	564.78M	5.56B	589.56M	592.51M	595.04M	593.67M	595.62M	598.00M	600.21M	601.81M
Adjusted Diluted Earnings per Share	$0.51	$0.66	$0.05	$0.67	$0.51	$0.17	$0.33	$0.26	$0.60	$0.72	$1.96
Adjusted Weighted Average Diluted Shares Outstanding	580.78M	614.31M	6.02B	639.15M	636.05M	621.81M	628.40M	663.24M	693.99M	692.19M	697.35M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.05	$0.00	$0.00	$0.00	$0.33	$0.00	$0.00	$0.00	$1.96
Adjusted Weighted Average Basic & Diluted Shares Outstanding	559.33M	585.57M	0.00	0.00	593.48M	596.82M	594.27M	596.97M	598.99M	601.42M	656.97M
Normalized Net Operating Profit after Tax (NOPAT)	307	265	287	433	313	139	209	147	380	496	1,194
Normalized NOPAT Margin	8.38%	6.88%	5.36%	7.29%	5.51%	3.03%	3.62%	2.93%	3.00%	4.84%	10.74%
Pre Tax Income Margin	9.70%	9.92%	5.59%	8.41%	6.61%	2.50%	3.87%	4.16%	3.94%	5.96%	13.22%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	44.72	62.18	97.19	29.76	58.39	9.59	11.00	9.37	18.71	9.77	18.28
NOPAT to Interest Expense	37.78	63.74	92.22	24.95	47.84	10.40	9.36	5.90	15.00	7.69	14.97
EBIT Less CapEx to Interest Expense	42.90	47.29	92.69	27.21	54.18	7.15	9.98	8.07	17.88	8.53	17.93
NOPAT Less CapEx to Interest Expense	35.97	48.86	87.73	22.40	43.63	7.96	8.34	4.61	14.16	6.45	14.61
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.33%	0.00%	0.00%	0.00%	0.00%	19.07%	0.00%	0.00%	0.00%	0.04%

Financials Breakdown Chart

Key Financial Trends

Super Micro Computer’s operating profile has expanded dramatically over the periods provided. Quarterly revenue rose from $1.36 billion in Q3 2022 to $11.12 billion in Q4 2026, while quarterly net income increased from $77.0 million to $1.18 billion. The latest quarter also represented a strong sequential rebound: revenue increased 8.6% from Q3 2026, operating income rose 138%, and net income increased 144%.

Profitability improved sharply in Q4 2026. Gross profit was $1.94 billion, equal to a gross margin of approximately 17.5%, compared with roughly 9.9% in Q3 2026 and 9.5% in Q4 2025. Operating margin reached approximately 13.4%, compared with 6.1% in Q3. However, investors should consider whether this margin improvement is sustainable, particularly because the Q4 2026 income statement is identified as calculated rather than reported.

Cash generation remains the most important concern. Super Micro generated $747.0 million of operating cash flow in Q4 2026, a substantial improvement from the $6.62 billion operating cash outflow in Q3. Still, operating cash flow for the four provided fiscal 2026 quarters totaled approximately negative $6.81 billion, primarily because of heavy investments in accounts receivable and inventory. The latest available balance sheet, as of March 31, 2026, shows $11.10 billion of inventory and $8.41 billion of accounts receivable against only $1.29 billion of cash.

Exceptional top-line growth: Q4 2026 revenue of $11.12 billion was approximately 93% above Q4 2025 and more than eight times Q3 2022 revenue.
Major profitability rebound: Q4 2026 net income reached $1.18 billion, compared with $483.4 million in Q3 2026 and $195.2 million in Q4 2025.
Improved gross margins: Gross margin expanded to approximately 17.5% in Q4 2026 from about 9.9% in the prior quarter, providing significant operating leverage.
Operating cash flow recovered: Cash flow from operations improved to $747.0 million in Q4 2026 from negative $6.62 billion in Q3, suggesting some working-capital pressure began to reverse.
Long-term asset investment continued: Net property, plant and equipment increased from $291.7 million in Q3 2022 to $607.7 million in Q3 2026, supporting expanded production capacity.
Cash conversion is improving but uneven: Q4 operating cash flow was about 63% of net income, but cumulative operating cash flow across the provided fiscal 2026 quarters remained deeply negative.
Working capital remains volatile: Changes in operating assets and liabilities consumed $408.9 million in Q4 2026, although that was far better than the $7.32 billion use of cash in Q3.
Share-count comparisons require caution: Weighted average shares rose substantially in the newer periods, but Super Micro’s 2024 stock split makes direct comparisons with older share figures difficult. Q4 2026 diluted shares were 697.3 million.
Heavy balance-sheet investment: At the latest reported balance-sheet date, inventory and accounts receivable totaled approximately $19.5 billion, creating execution, demand and collection risks if growth slows.
Higher leverage and limited cash relative to obligations: Q3 2026 total debt was approximately $8.77 billion, while cash was $1.29 billion. Total liabilities reached $15.88 billion, increasing financial risk even though the company remained profitable.

Overall, the statements show a company benefiting from powerful demand and substantial operating leverage, but with unusually high working-capital requirements and greater reliance on debt financing. Retail investors should focus on whether Super Micro can sustain its recent gross-margin gains, convert earnings into consistent operating cash flow, and reduce inventory and receivables without slowing revenue growth.

09/04/26 03:19 PM ETAI Generated. May Contain Errors.

Super Micro Computer Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Super Micro Computer's fiscal year ends in June. Their fiscal year 2026 ended on June 30, 2026.

Super Micro Computer's net income appears to be on an upward trend, with a most recent value of $2.23 billion in 2026, rising from $72.08 million in 2016. The previous period was $1.05 billion in 2025. Check out Super Micro Computer's forecast to explore projected trends and price targets.

Super Micro Computer's total operating income in 2026 was $2.77 billion, based on the following breakdown:

Total Gross Profit: $4.23 billion
Total Operating Expenses: $1.46 billion

Over the last 10 years, Super Micro Computer's total revenue changed from $2.23 billion in 2016 to $39.06 billion in 2026, a change of 1,655.6%.

Super Micro Computer's total liabilities were at $15.47 billion at the end of 2026, a 100.4% increase from 2025, and a 3,025.5% increase since 2016.

In the past 10 years, Super Micro Computer's cash and equivalents has ranged from $110.61 million in 2017 to $7.52 billion in 2026, and is currently $7.52 billion as of their latest financial filing in 2026.

Over the last 10 years, Super Micro Computer's book value per share changed from 14.39 in 2016 to 17.05 in 2026, a change of 18.5%.

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Financial statements for NASDAQ:SMCI last updated on 8/31/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Super Micro Computer (SMCI) Financials

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