10-KTechnology

Super Micro Computer, Inc.

SMCI · Period ending 2026-06-30 · Filed 2026-08-31

Valuation

Technology
Live · Yahoo Finance

Price

$40.52

52-Week Range

$19.48$40.52 now$58.78

Decision Context

Beneish M-Score flags possible earnings quality concerns. The financial metrics above warrant additional scrutiny of reported figures.

Based on filing period ending Jun 2026

FisclearScore is a quantitative model using public financial data and sector median benchmarks (refreshed monthly). Not financial advice. Always conduct independent due diligence.

SMCI vs

Macro Context

Fed Funds Rate

3.63%

Accommodative

10-Year Treasury

4.68%

2026-08-01

Unemployment

4.1%

Near full employment

CPI Index

332.8

2026-07-01

M2 Money Supply

$23.2T

2026-07-01

The Federal Funds rate stands at 3.63% — a moderately elevated rate environment that raises borrowing costs across the economy; 10-year Treasury yields are at 4.68%, setting the benchmark for long-term corporate borrowing; Unemployment stands at 4.1%; Industrial production index is at 103.0; M2 money supply is $23.2T; CPI index stands at 332.8.

SWOT Analysis — SMCI

Inflationary Boom
Macro lens (Inflationary Boom): Rising costs and tighter margins amplify financial risks in this regime.
✦

Strengths

  • Revenue: $2.5B (+274.7% YoY) — Revenue grew 275% — the company sold more goods or services than the prior year.

  • Total Assets: $29.9B (+113.6% YoY) — Total assets grew 114% — the company's resource base expanded.

  • Net Income: $2.2B (+112.7% YoY) — Profit grew 113% — the company kept more of each dollar earned.

  • EPS (Diluted): $3.26 (+94.0% YoY) — Earnings per share rose 94% — each share earned more.

◈

Weaknesses

  • Operating Cash Flow: -$6.8B (-510.4% YoY) — Negative operating cash flow — the business consumed more cash than it produced from operations.

  • R&D spending is 31% of revenue — heavy investment in future growth, but also a drag on current profitability.

◎

Opportunities

No clear opportunities identified at this time.

⚠

Threats

  • Negative operating cash flow of $6.8B — the core business consumed more cash than it generated.

  • Gross margin compressed by 196.3pp — input costs or pricing pressure is eroding profitability on each dollar of revenue.

Financial Charts

Revenue vs Net Income

Gross Profit vs Operating Income

Margin Trend

Quarter-over-Quarter Comparison

2026-03-31 → 2026-06-30
Metric2026-03-312026-06-30Change
Revenue$2.5B$2.5B
–0.0%
Gross Profit$2.4B$4.2B
▲74.0%
Operating Income$1.3B$2.8B
▲121.1%
Net Income$1.0B$2.2B
▲112.7%
EPS (diluted)$1.68$3.26
▲94.0%
Operating CF$1.7B$-6.8B
▼510.4%

Risk factor changes vs prior filing

NEW

Negative operating cash flow of $6.8B — the core business consumed more cash than it generated.

NEW

Gross margin compressed by 196.3pp — input costs or pricing pressure is eroding profitability on each dollar of revenue.

NEW

R&D spending is 31% of revenue — heavy investment in future growth, but also a drag on current profitability.

REMOVED

Gross margin compressed by 213.0pp — input costs or pricing pressure is eroding profitability on each dollar of revenue.

REMOVED

R&D spending is 26% of revenue — heavy investment in future growth, but also a drag on current profitability.

Year-over-Year Changes

Operating Cash Flow

-$6.8B

was $1.7B

−510.4%

Negative operating cash flow — the business consumed more cash than it produced from operations.

Revenue

$2.5B

was $663.2M

+274.7%

Revenue grew 275% — the company sold more goods or services than the prior year.

Total Assets

$29.9B

was $14.0B

+113.6%

Total assets grew 114% — the company's resource base expanded.

Net Income

$2.2B

was $1.0B

+112.7%

Profit grew 113% — the company kept more of each dollar earned.

EPS (Diluted)

$3.26

was $1.68

+94.0%

Earnings per share rose 94% — each share earned more.

Risk Flags

1 high · 1 medium · 1 low
  • ⚠ High

    Negative operating cash flow of $6.8B — the core business consumed more cash than it generated.

  • ◈ Medium

    Gross margin compressed by 196.3pp — input costs or pricing pressure is eroding profitability on each dollar of revenue.

  • ○ Low

    R&D spending is 31% of revenue — heavy investment in future growth, but also a drag on current profitability.

Price History

Technical Signals

Daily closes · 1-year data

Latest News

via Finnhub

Filing History — SMCI

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Data sourced from SEC EDGAR, FRED (Federal Reserve Economic Data), and Yahoo Finance. For informational purposes only. Not financial advice.