Super Micro Computer
SMCI · NasdaqElectronic Computers · Fiscal year ends Jun 30
Super Micro Computer reported revenue of $39.1B in the fiscal year ended Jun 2026, up 77.8% from the year before. Operating income was $2.8B, an operating margin of 7.1%, and net income was $2.2B. Operating cash flow of −$6.8B less capital expenditure of $162M left free cash flow of −$7B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | $5.2B | $7.1B | $15B | $22B | $39.1B |
| Cost of revenue | $4.4B | $5.8B | $12.9B | $19.5B | $34.8B |
| Gross profit | $800M | $1.3B | $2.1B | $2.4B | $4.2B |
| Research & development | $272M | $307M | $464M | $637M | $771M |
| Operating income | $335M | $761M | $1.2B | $1.3B | $2.8B |
| Interest expense | $6M | $10M | $19M | $60M | $195M |
| Pre-tax income | $337M | $754M | $1.2B | $1.2B | $2.8B |
| Income tax | $53M | $111M | $63M | $157M | $556M |
| Net income | $285M | $640M | $1.2B | $1B | $2.2B |
| Diluted EPS | 0.53 | 1.14 | 1.92 | 1.68 | 3.26 |
| Diluted shares | 536M | 560M | 602M | 628M | 697M |
Balance sheet
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $267M | $440M | $1.7B | $5.2B | $7.5B |
| Receivables | $835M | $1.1B | $2.7B | $2.2B | $6.1B |
| Inventory | $1.5B | $1.4B | $4.3B | $4.7B | $12.9B |
| Current assets | $2.8B | $3.2B | $8.9B | $12.3B | $27.7B |
| Net PP&E | $286M | $290M | $414M | $504M | $626M |
| Total assets | $3.2B | $3.7B | $9.8B | $14B | $29.9B |
| Payables | $655M | $777M | $1.5B | $1.3B | $2.2B |
| Deferred revenue | $111M | $135M | $193M | $369M | $1.6B |
| Current liabilities | $1.5B | $1.4B | $2.3B | $2.3B | $7.2B |
| Short-term debt | $449M | $170M | – | – | – |
| Long-term debt | $148M | $120M | – | – | – |
| Total liabilities | $1.8B | $1.7B | $4.4B | $7.7B | $15.5B |
| Shareholders' equity | $1.4B | $2B | $5.4B | $6.3B | $14.5B |
| Backlog (remaining obligations) | $234M | $304M | $416M | $731M | $2.6B |
Cash flow
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Operating cash flow | −$441M | $664M | −$2.5B | $1.7B | −$6.8B |
| Capital expenditure | $45M | $37M | $124M | $127M | $162M |
| Free cash flow | −$486M | $627M | −$2.6B | $1.5B | −$7B |
| Depreciation & amortisation | $25M | $27M | $30M | $41M | $53M |
| Stock-based compensation | $33M | $54M | $232M | $314M | $412M |
| Acquisitions | $0 | $2M | $296,000 | $0 | $0 |
Key ratios
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 37.1% | 110.4% | 46.6% | 77.8% |
| Operating income growth (YoY) | – | 127.1% | 59.1% | 3.5% | 121.1% |
| EPS growth (YoY) | – | 115.1% | 68.4% | −12.5% | 94.0% |
| Gross margin | 15.4% | 18.0% | 13.8% | 11.1% | 10.8% |
| Operating margin | 6.5% | 10.7% | 8.1% | 5.7% | 7.1% |
| Net margin | 5.5% | 9.0% | 7.7% | 4.8% | 5.7% |
| Return on equityBlank when equity is negative | 20.0% | 32.5% | 21.3% | 16.6% | 15.4% |
| ROCEEBIT ÷ (assets − current liabilities) | 19.3% | 33.1% | 16.2% | 10.7% | 12.2% |
| Free cash flow margin | −9.4% | 8.8% | −17.4% | 7.0% | −17.8% |
| Cash conversion (CFO ÷ net income) | −1.55x | 1.04x | −2.16x | 1.58x | −3.05x |
| Receivable days | 59 | 59 | 67 | 37 | 57 |
| Inventory days | 128 | 90 | 122 | 87 | 135 |
| Payable days | 54 | 49 | 42 | 24 | 24 |
| Interest cover | 52.3x | 72.6x | 62.6x | 21.0x | 14.2x |
| Debt ÷ equity | 0.42x | 0.15x | – | – | – |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $329M | −$150M | – | – | – |
| Current ratio | 1.91x | 2.31x | 3.81x | 5.25x | 3.87x |
Recent filings
More in Electronic Computers
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.