Super Micro Computer, Inc.
SMCI· Nasdaq, Nasdaq· Electronic Computers
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- -17.8%
- ROIC, 5 yr avg
- 22.2%
- Revenue, 5 yr CAGR
- +61.5%
We record prices for the companies we cover; SMCI is not one of them yet.
Company statistics
Profile · FY2026
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 697.3M
- Revenue
- $39.1B
- Free cash flow
- -$7.0B
- Owner earnings
- -$7.4B
Valuation · FY2026
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2026
- Gross
- 10.8%
- Operating
- 7.1%
- Net
- 5.7%
- Free cash flow
- -17.8%
- Owner earnings
- -18.9%
- Stock pay
- 1.1%
Returns
- ROIC, FY2026
- 19.1%
- ROIC, 5 yr avg
- 22.2%
- ROE, FY2026
- 15.4%
- ROE, 5 yr avg
- 21.2%
Growth (CAGR)
- Revenue, 3 yr
- 76.3%
- Revenue, 5 yr
- 61.5%
- Revenue, 9 yr
- 35.8%
- Diluted EPS, 3 yr
- 41.9%
- Diluted EPS, 5 yr
- 73.2%
- Diluted EPS, 9 yr
- 43.2%
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 9 yr
- –
Financial health · FY2026
- Cash and investments
- $7.5B
- Total debt
- $4.7B
- Net cash
- $2.9B
- Debt/Equity
- 0.3x
- Debt/FCF
- –
Shareholder returns · FY2026
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 5.4%
Financials: ten years from the 10-Ks
Revenue
$39.1B
+35.8% a year over 9 years
FY2017FY2026
Margins
Gross10.8%Operating7.1%Net5.7%
FY2026
FY2017FY2026
Free cash flow and owner earnings
Free cash flow-$7.0BOwner earnings-$7.4B
FY2026
FY2017FY2026
Diluted shares
697.3M
+34.9% over 9 years, net dilution
FY2017FY2026
Return on invested capital
19.1%
FY2026
FY2017FY2026
Net cash
$2.9B
$2.9B more cash than debt
FY2017FY2026
Every figure, year by year
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $2.5B | $3.4B | $3.5B | $3.3B | $3.6B | $5.2B | $7.1B | $15.0B | $22.0B | $39.1B |
| Revenue growth | 11.7% | 35.2% | 4.2% | -4.6% | 6.5% | 46.1% | 37.1% | 110.4% | 46.6% | 77.8% |
| Gross margin | 14.1% | 12.8% | 14.2% | 15.8% | 15.0% | 15.4% | 18.0% | 13.8% | 11.1% | 10.8% |
| Operating margin | 3.8% | 2.8% | 2.8% | 2.6% | 3.5% | 6.5% | 10.7% | 8.1% | 5.7% | 7.1% |
| Net income | $66.9M | $46.2M | $71.9M | $84.3M | $111.9M | $285.2M | $640.0M | $1.2B | $1.0B | $2.2B |
| Net margin | 2.7% | 1.4% | 2.1% | 2.5% | 3.1% | 5.5% | 9.0% | 7.7% | 4.8% | 5.7% |
| Diluted EPS | $0.13s | $0.09s | $0.14s | $0.16s | $0.21s | $0.53 | $1.14 | $1.92 | $1.68 | $3.26 |
| Return on invested capital? | 10.5% | – | 11.3% | 9.4% | 12.1% | 16.1% | 35.6% | 21.1% | 18.9% | 19.1% |
| Cash | ||||||||||
| Operating cash flow | -$96.2M | $84.3M | $262.6M | -$30.3M | $123.0M | -$440.8M | $663.6M | -$2.5B | $1.7B | -$6.8B |
| Capital expenditure | $29.4M | $24.8M | $24.8M | $44.3M | $58.0M | $45.2M | $36.8M | $124.3M | $127.2M | $162.0M |
| Free cash flow | -$125.6M | $59.5M | $237.7M | -$74.7M | $64.9M | -$486.0M | $626.8M | -$2.6B | $1.5B | -$7.0B |
| Stock-based compensation | $19.7M | $24.7M | $21.2M | $20.2M | $28.5M | $32.8M | $54.4M | $231.5M | $314.5M | $412.1M |
| Owner earnings? | -$145.2M | $34.9M | $216.5M | -$94.9M | $36.4M | -$518.8M | $572.4M | -$2.8B | $1.2B | -$7.4B |
| Free cash flow per share | $-0.24 | $0.11 | $0.46 | $-0.14 | $0.12 | $-0.91 | $1.12 | $-4.33 | $2.44 | $-10.00 |
| Capital allocation | ||||||||||
| Dividends paid | – | – | – | – | – | – | – | – | – | – |
| Share repurchases | $18.5M | $0 | $0 | – | – | – | – | – | – | – |
| Diluted shares | 516.8Ms | 521.5Ms | 517.2Ms | 528.4Ms | 535.1Ms | 536.2M | 559.7M | 602.1M | 628.4M | 697.3M |
| Share count change? | -0.3% | 0.9% | -0.8% | 2.2% | 1.3% | 0.2% | 4.4% | 7.6% | 4.4% | 11.0% |
| Balance sheet | ||||||||||
| Cash and equivalents | $110.6M | $115.4M | $248.2M | $210.5M | $232.3M | $267.4M | $440.5M | $1.7B | $5.2B | $7.5B |
| Short-term investments | – | – | – | – | – | – | – | – | $6.2M | $23.1M |
| Total debt | $0 | – | $23.6M | $29.4M | $98.2M | $596.8M | $290.3M | $1.7B | $4.6B | $4.7B |
| Net debt | -$110.6M | – | -$224.5M | -$181.1M | -$134.1M | $329.4M | -$150.2M | $27.9M | -$531.0M | -$2.9B |
| Shareholders' equity | $773.7M | $843.5M | $941.0M | $1.1B | $1.1B | $1.4B | $2.0B | $5.4B | $6.3B | $14.5B |
Latest filings
| 2026-10-20 | 8-K | Earnings release |
| 2026-08-31 | 10-K | Annual report |
| 2026-08-11 | 8-K | Earnings release |
| 2026-07-21 | 8-K | Earnings release |
| 2026-05-11 | 10-Q | Quarterly report |
| 2026-05-05 | 8-K | Earnings release |
| 2026-03-03 | DEF 14A | Proxy statement |
| 2026-02-06 | 10-Q | Quarterly report |
| 2026-02-03 | 8-K | Earnings release |
| 2025-11-07 | 10-Q | Quarterly report |
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