Super Micro Computer, Inc. logo SMCI - Super Micro Computer, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 8
HOLD 13
SELL 1
STRONG
SELL
0
| PRICE TARGET: $38.60 DETAILS
HIGH: $45.00
LOW: $26.00
MEDIAN: $40.00
CONSENSUS: $38.60
UPSIDE: 25.90%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Revenue
Revenue 21,972.0 14,989.3 7,123.5 5,196.1 5,196.1 3,339.3 3,500.4 3,360.5 2,484.9 2,225.0 1,954.4 1,467.2 1,162.6 1,013.9 942.6 721.4 505.6 540.5 420.4 302.5 211.8 167.1 137.2 89.3
Cost of Revenue 19,542.1 12,927.8 5,840.5 4,396.1 4,396.1 2,813.1 3,004.8 2,930.5 2,135.0 1,894.5 1,647.8 1,241.7 1,002.5 848.5 791.5 606.4 416.9 436.9 345.4 242.2 178.3 0 113.9 75.4
Gross Profit 2,429.9 2,061.4 1,283.0 800.0 800.0 526.2 495.5 430.0 350.0 330.5 306.6 225.5 160.1 165.4 151.1 115.0 88.7 103.6 75.0 60.3 33.5 0 23.3 14.0
Operating Expenses
R&D Expenses 636.5 463.5 307.3 272.3 272.3 221.5 179.9 165.1 144.0 124.2 101.4 84.3 75.2 64.2 48.1 37.4 34.5 30.5 21.2 15.8 10.6 0 6.9 3.6
SG&A Expenses 540.4 387.1 214.6 192.6 192.6 219.1 218.4 170.2 111.1 98.8 72.5 61.0 57.7 55.2 44.3 35.8 30.9 32.7 24.1 16.3 12.6 0 9.2 7.3
Other Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.1 0 0 (0.1) 0.6 (1.2) 167.1 1.2 0
Operating Expenses 1,176.9 850.6 521.9 464.8 464.8 440.6 398.3 335.3 255.1 223.0 173.9 145.3 132.9 119.4 92.4 74.2 65.5 63.3 45.1 32.7 22.0 167.1 17.3 11.0
Operating Income
Operating Income 1,253.0 1,210.8 761.1 335.2 335.2 85.7 97.2 94.7 94.9 107.5 132.6 80.3 27.2 46.0 58.7 40.7 23.3 40.3 29.9 27.6 11.5 167.1 6.0 3.0
Interest Expense 59.6 19.4 10.5 6.4 2.5 2.2 6.7 5.7 2.3 1.6 1.0 0.8 0.6 0.7 0.7 0.4 0.9 1.0 1.3 1.3 0.9 0 4.4 1.3
Interest Income 0 0 0 0 0 0 0 0 0 0.2 0.1 0.1 0.0 0.1 0.1 0.1 0.5 0 0.8 0 0 0 0 0
Profitability
EBITDA 1,329.8 1,272.2 799.7 375.7 375.7 115.5 120.4 115.8 110.2 122.3 141.7 86.7 35.0 53.1 64.2 45.5 27.4 42.9 31.5 28.8 12.4 167.1 6.0 3.0
EBIT 1,271.5 1,233.5 764.8 343.2 343.2 87.1 96.2 93.9 93.9 109.0 133.6 80.4 27.2 46.1 58.8 40.8 23.7 40.3 29.9 27.6 11.5 167.1 6.0 3.0
Income Before Tax 1,205.7 1,216.0 750.7 338.0 338.0 87.2 86.8 84.6 91.3 107.4 132.6 79.6 26.6 45.4 58.1 40.5 22.8 40.8 29.3 26.6 10.7 4.9 1.7 1.8
Income Tax Expense 156.9 63.3 110.7 52.9 52.9 2.9 14.9 38.4 24.4 35.3 40.1 25.4 5.3 15.5 17.9 13.6 6.7 15.4 10.0 9.7 3.6 0 (1.9) (0.4)
Net Income 1,048.9 1,152.7 640.0 285.2 285.2 84.3 71.9 46.2 66.9 72.1 92.6 54.2 21.3 29.9 40.2 26.9 16.1 25.4 19.3 16.9 7.1 4.9 3.5 2.2
Per Share Data
EPS (Basic) 1.77 1.77 2.17 1.21 0.55 0.17 0.14 0.09 0.14 0.15 0.22 0.12 0.05 0.07 0.10 0.07 0.05 0.08 0.08 0.08 0.03 0.02 0.02 0.01
EPS (Diluted) 1.68 1.68 2.01 1.14 0.53 0.16 0.14 0.09 0.13 0.14 0.20 0.12 0.05 0.07 0.09 0.07 0.04 0.07 0.06 0.05 0.02 0.02 0.01 0.01
Shares Outstanding 593.7 593.7 555.9 529.2 514.8 509.9 499.2 493.4 483.8 479.2 464.3 436.0 419.9 408.9 381.3 358.8 342.2 313.5 241.5 220.1 219.1 219.0 217.1 213.2
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2003 2002
Current Assets
Cash & Cash Equivalents 5,169.9 1,669.8 440.5 267.4 232.3 210.5 248.2 115.4 113.2 181.0 95.4 96.9 93.0 80.8 69.9 72.6 70.3 51.5 50.9 16.5 11.2 6.4 4.0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0.8 0.3 0.1 15.1 0.1 1.8 0 0
Net Receivables 2,217.7 2,749.3 1,176.0 858.9 563.8 500.4 476.7 544.4 402.7 246.4 322.6 212.7 149.3 102.0 85.0 73.0 45.7 49.5 33.4 22.3 13.5 0 0
Inventory 4,680.4 4,333.0 1,445.6 1,545.6 1,041.0 851.5 670.2 853.3 636.0 449.0 463.5 315.8 254.2 276.6 192.7 135.6 90.0 85.7 66.8 57.6 40.5 0 0
Other Current Assets 233.7 179.9 117.4 126.4 11.3 8.9 18.9 11.5 4.8 2.6 25.4 23.1 22.6 19.0 10.2 9.8 8.6 8.7 5.6 3.4 2.7 (6.4) (4.0)
Total Current Assets 12,301.7 8,932.0 3,179.4 2,806.3 1,867.3 1,592.8 1,421.8 1,530.9 1,246.6 938.0 914.4 654.1 523.2 481.9 369.6 296.9 220.0 199.9 173.5 101.2 70.4 6.4 4.0
Non-Current Assets
Property, Plant & Equipment 798.2 414.0 290.2 286.0 294.8 257.6 207.3 196.6 195.6 187.9 163.0 130.6 95.9 97.4 74.4 62.7 45.0 45.6 31.1 29.6 19.1 0 0
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 112.4 0 0 6.9 6.1 4.3 4.2 7.5 10.2 4.5 4.0 3.4 3.4 2.9 5.2 5.9 14.4 0 0 0 0 0 0
Other Non-Current Assets 198.8 115.0 42.4 35.9 10.5 9.1 8.2 8.9 9.0 11.0 3.8 2.1 2.5 3.4 12.6 0.5 1.9 18.0 0.4 0.2 0.2 0 0
Total Non-Current Assets 1,716.8 894.1 495.3 398.8 374.7 325.9 260.8 238.6 242.0 227.6 175.4 142.2 109.1 107.2 95.0 73.9 63.1 64.5 32.1 29.8 19.2 0 0
Total Assets 14,018.4 9,826.1 3,674.7 3,205.1 2,242.0 1,918.6 1,682.6 1,769.5 1,488.6 1,165.6 1,089.8 796.3 632.3 589.1 464.6 370.8 283.1 264.4 205.6 131.0 89.7 50.8 40.1
Current Liabilities
Account Payables 1,282.0 1,472.4 776.8 655.4 612.3 417.7 360.5 527.2 342.3 227.5 299.8 219.4 172.9 174.0 113.3 95.4 73.5 81.0 61.5 52.0 37.7 0 0
Short-Term Debt 75.1 402.3 170.1 449.1 63.5 23.7 23.6 116.2 161.4 53.6 93.5 42.6 28.6 13.4 0.6 18.6 0.4 0.4 0.4 0.8 0.5 0 0
Deferred Revenue 628.9 240.0 134.7 111.3 179.2 152.3 130.6 102.2 47.6 31.5 11.3 6.6 4.1 4.5 1 1.2 1.2 0 0 0 0 0 0
Other Current Liabilities 0 0 0 (7.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 1.4 2.5 1.9 2.7 0 0
Total Current Liabilities 2,344.8 2,345.7 1,374.7 1,470.0 968.9 707.6 606.0 811.6 533.1 363.6 454.1 310.9 241.7 220.5 140.6 137.9 89.0 97.5 78.4 64.2 47.5 0 0
Non-Current Liabilities
Long-Term Debt 4,682.6 1,771.8 120.2 147.6 34.7 5.7 0 0 0 40 0.9 3.7 6.5 19.4 27.6 0 9.7 10.0 11.3 18.6 12.5 9.1 9.5
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.4 0.5 0 0
Other Non-Current Liabilities 326.5 67.9 37.9 22.5 26.6 23.9 26.2 24.6 21.2 18.7 11.4 12.5 10.3 10.8 9.1 8.1 5.7 4.9 0 0 0 (9.1) (9.5)
Total Non-Current Liabilities 5,371.8 2,063.0 327.9 309.3 176.7 145.3 135.4 114.3 155.2 80.6 16.6 16.2 16.9 30.2 36.7 8.2 15.5 15.0 11.3 19.1 13.0 9.1 9.5
Total Liabilities 7,716.6 4,408.7 1,702.6 1,779.3 1,145.6 852.9 741.4 925.9 688.4 444.2 470.7 327.1 258.5 250.8 177.4 146.1 104.5 112.5 89.7 83.2 60.5 34.4 27.3
Stockholders' Equity
Common Stock 2,866.4 2,830.8 538.4 481.7 438.0 390.0 349.7 331.6 305.3 277.3 247.1 199.1 157.7 143.8 122.7 100.3 81.9 0 0 0 0 0 0
Retained Earnings 3,434.5 2,585.7 1,433.0 942.9 657.8 696.2 611.9 532.3 515.3 446.0 373.9 272.1 217.9 196.7 166.8 126.6 99.7 83.6 59.1 39.8 22.8 0 0
Accumulated Other Comprehensive Income 0.7 0.7 0.6 0.9 0.5 (0.2) (0.1) 0.2 (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.2) (0.2) (0.8) (1.1) (1.5) (2.6) (1.2) 0 0
Total Stockholders' Equity 6,301.7 5,417.2 1,972.0 1,425.6 1,096.2 1,065.5 941.0 843.5 800.0 721.2 618.9 469.1 373.5 338.4 287.3 224.7 178.6 151.9 115.9 47.8 29.1 16.4 12.9
Total Liabilities & Equity 14,018.4 9,826.1 3,674.7 3,205.1 2,242.0 1,918.6 1,682.6 1,769.5 1,488.6 1,165.6 1,089.8 796.3 632.3 589.1 464.6 370.8 283.1 264.4 205.6 131.0 89.7 50.8 40.1
Debt Metrics
Total Debt 4,778.8 2,183.4 290.3 620.6 119.1 53.8 23.6 116.2 161.4 93.6 94.4 46.3 35.2 32.8 28.2 18.7 10.1 10.5 11.7 19.5 13.1 9.1 9.5
Net Debt (391.1) 513.6 (150.2) 353.2 (113.2) (156.7) (224.5) 0.8 50.8 (85.2) (1.0) (50.6) (57.9) (48.1) (41.7) (54.0) (60.2) (41.0) (39.2) 3.0 1.9 2.8 5.5
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Operating Activities
Net Income 1,048.9 1,152.7 640.0 285.2 111.9 84.3 71.9 46.2 69.3 72.0 101.9 54.2 21.3 29.9 40.2 26.9 16.1 25.4 19.3 16.9 7.1
Depreciation & Amortization 58.3 38.7 34.9 32.5 28.2 28.5 24.2 21.8 15.9 13.3 8.1 6.4 7.8 7.1 5.5 4.6 3.7 2.7 1.6 1.2 0.9
Stock-Based Compensation 314.5 231.5 54.4 32.8 28.5 20.2 21.2 24.7 19.2 16.1 13.7 11.1 11.4 10.3 8.1 6.5 5.7 4.2 2.4 0 0
Change in Working Capital 390.0 (3,752.6) 26.9 (769.8) (38.5) (164.8) 116.5 (36.1) (209.0) 4.5 (154.8) (65.8) (29.5) (34.3) (48.3) (43.0) (8.6) (23.5) (9.8) (12.8) (8.1)
Other Non-Cash Items 62.5 12.3 0.3 (14.6) 1.3 15.3 45.8 14.2 15.3 6.4 (2.9) 0.6 9.6 6.7 1.5 7.3 6.0 17 7.0 3.6 4.7
Operating Cash Flow 1,659.5 (2,486.0) 663.6 (440.8) 123.0 (30.3) 262.6 84.3 (96.2) 108.0 (46.1) 6.5 13.6 16.5 8.5 (2.2) 21.8 18.5 15.0 8.2 4.7
Investing Activities
Capital Expenditure (127.2) (124.3) (36.8) (45.2) (58.0) (44.3) (24.8) (24.8) (29.4) (34.1) (35.1) (40.6) (5.0) (24.9) (16.2) (22.2) (3.6) (16.1) (3.0) (11.5) (1.1)
Acquisitions 0 (0.3) (2.2) 0 0 0.8 0 (2.1) 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (56) (69.7) (0.5) (1.1) 0 0 0 (2.1) 0 0 (0.7) 0 0 (0.2) (0.8) (0.1) (0.1) (22.5) (15.1) (0.1) (1.8)
Sales/Maturities of Investments 0 0 0 0 0 0 0 1 0 0 0 0 0.3 2.5 1.5 9.0 0.9 20.6 0.1 1.8 0.2
Other Investing Activities 0 0 0 0 0 0 0 2.1 0 (1.0) (0.4) 0.4 (0.4) 2.8 (0.1) 1.5 0 (1.7) (0.2) (0.1) 1.8
Investing Cash Flow (183.2) (194.2) (39.5) (46.3) (58.0) (43.6) (24.8) (25.9) (29.4) (35.1) (36.2) (40.2) (5.1) (19.7) (24.8) (11.8) (2.7) (19.6) (18.1) (9.8) (0.9)
Financing Activities
Net Debt Issuance 2,559.0 1,884.8 (300.6) 512.6 66.5 4.3 (92.2) (49.0) 66.3 (0.1) 48.8 11.0 2.5 4.7 9.5 8.5 (0.4) (1.4) (7.9) 6.2 (0.5)
Stock Repurchased (200) 0 (150.0) (10.1) (130) 0 0 0 (18.5) 0 0 0 0 0 0 0 (2.0) 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (355.9) (316.5) 2.2 20.3 19.1 19.4 (3.7) (1.8) 9.9 13.2 31.2 26.2 1.2 9.1 4.1 7.8 2.1 0.2 0.2 0.4 0.4
Financing Cash Flow 2,024.0 3,911.7 (448.3) 522.9 (44.4) 23.8 (95.8) (50.8) 57.7 13.1 80.0 37.2 3.8 13.8 13.6 16.3 (0.3) 1.7 37.5 6.9 (0.1)
Cash Position
Net Change in Cash 3,502.0 1,229.3 172.4 35.1 21.1 (49.8) 141.8 7.6 (67.9) 85.9 (2.6) 3.8 12.2 10.9 (2.7) 2.3 18.8 0.6 34.4 5.3 3.8
Cash at Beginning 1,670.3 441.0 268.6 233.4 212.4 262.1 120.4 112.8 180.7 92.9 95.5 93.0 80.8 69.9 72.6 70.3 51.5 50.9 16.5 11.2 7.4
Cash at End 5,172.3 1,670.3 441.0 268.6 233.4 212.4 262.1 120.4 112.8 178.8 92.9 96.9 93.0 80.8 69.9 72.6 70.3 51.5 50.9 16.5 11.2
Free Cash Flow 1,532.3 (2,610.3) 626.8 (486.0) 64.9 (74.7) 237.7 59.5 (125.6) 73.9 (81.2) (34.0) 8.6 (8.4) (16.9) (24.4) 18.3 2.4 11.9 (3.2) 3.7
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Income Statement
Revenue 21,972.0 14,989.3 7,123.5 5,196.1 5,196.1 3,339.3 3,500.4 3,360.5 2,484.9 2,225.0 1,954.4 1,467.2 1,162.6 1,013.9 942.6 721.4 505.6 540.5 420.4 302.5 211.8 167.1 137.2 89.3
Gross Profit 2,429.9 2,061.4 1,283.0 800.0 800.0 526.2 495.5 430.0 350.0 330.5 306.6 225.5 160.1 165.4 151.1 115.0 88.7 103.6 75.0 60.3 33.5 0 23.3 14.0
Operating Income 1,253.0 1,210.8 761.1 335.2 335.2 85.7 97.2 94.7 94.9 107.5 132.6 80.3 27.2 46.0 58.7 40.7 23.3 40.3 29.9 27.6 11.5 167.1 6.0 3.0
Net Income 1,048.9 1,152.7 640.0 285.2 285.2 84.3 71.9 46.2 66.9 72.1 92.6 54.2 21.3 29.9 40.2 26.9 16.1 25.4 19.3 16.9 7.1 4.9 3.5 2.2
EPS (Diluted) 1.68 1.68 2.01 1.14 0.53 0.16 0.14 0.09 0.13 0.14 0.20 0.12 0.05 0.07 0.09 0.07 0.04 0.07 0.06 0.05 0.02 0.02 0.01 0.01
Balance Sheet
Cash & Equivalents 5,169.9 1,669.8 440.5 267.4 232.3 210.5 248.2 115.4 113.2 181.0 95.4 96.9 93.0 80.8 69.9 72.6 70.3 51.5 50.9 16.5 11.2 6.4 4.0
Total Assets 14,018.4 9,826.1 3,674.7 3,205.1 2,242.0 1,918.6 1,682.6 1,769.5 1,488.6 1,165.6 1,089.8 796.3 632.3 589.1 464.6 370.8 283.1 264.4 205.6 131.0 89.7 50.8 40.1
Total Debt 4,778.8 2,183.4 290.3 620.6 119.1 53.8 23.6 116.2 161.4 93.6 94.4 46.3 35.2 32.8 28.2 18.7 10.1 10.5 11.7 19.5 13.1 9.1 9.5
Stockholders' Equity 6,301.7 5,417.2 1,972.0 1,425.6 1,096.2 1,065.5 941.0 843.5 800.0 721.2 618.9 469.1 373.5 338.4 287.3 224.7 178.6 151.9 115.9 47.8 29.1 16.4 12.9
Cash Flow
Operating Cash Flow 1,659.5 (2,486.0) 663.6 (440.8) 123.0 (30.3) 262.6 84.3 (96.2) 108.0 (46.1) 6.5 13.6 16.5 8.5 (2.2) 21.8 18.5 15.0 8.2 4.7
Capital Expenditure (127.2) (124.3) (36.8) (45.2) (58.0) (44.3) (24.8) (24.8) (29.4) (34.1) (35.1) (40.6) (5.0) (24.9) (16.2) (22.2) (3.6) (16.1) (3.0) (11.5) (1.1)
Free Cash Flow 1,532.3 (2,610.3) 626.8 (486.0) 64.9 (74.7) 237.7 59.5 (125.6) 73.9 (81.2) (34.0) 8.6 (8.4) (16.9) (24.4) 18.3 2.4 11.9 (3.2) 3.7