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Earnings transcript
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SMCI
Super Micro Computer, Inc.
$40.64
-3.35
(-7.62%)
| Exchange: | NASDAQ |
| Market Cap: | 24.442B |
| Shares Outstanding: | 213.24M |
Delayed data
About The Company
| Sector: | Technology | |||||
| Industry: | Computer Hardware | |||||
| CEO: | Charles Liang | |||||
| Full Time Employees: | 5684 | |||||
| Address: |
| |||||
| Website: | https://www.supermicro.com |
Super Micro Computer, Inc., established in 1993 and headquartered in San Jose, California, is a global leader specializing in the design and production of high-performance server and data storage solutions. These sophisticated offerings, founded on a modular and open architecture, are distributed internationally across the United States, Europe, and Asia. The company’s diverse product portfolio spans a wide array of computing infrastructure. This includes entire server and storage systems, innovative modular blade servers, individual blades, powerful workstations, full rack solutions, and networking devices. They also supply essential server sub-systems, alongside specialized server management and security software. More specifically, their offerings comprise application-optimized server designs, rackmount and blade server options, robust storage infrastructure, and critical subsystems and accessories like server boards, chassis, power supplies, and various other components. A key software suite is their Server Management Suite, featuring tools such as Supermicro Server Manager, Supermicro Power Management, Supermicro Update Manager, SuperCloud Composer, and SuperDoctor 5. Beyond its hardware and software offerings, Super Micro Computer, Inc. delivers a comprehensive suite of professional services. These encompass the integration, configuration, and software upgrades and updates for their server and storage products. They also provide detailed technical documentation and oversee service projects from initial requirement identification and plan creation through execution, verification testing, and specialized training. Furthermore, the company ensures robust post-sales support through its help desk, on-site product assistance, and continuous maintenance and technical support for its full product range. Super Micro’s cutting-edge solutions cater to a broad spectrum of demanding markets, including large enterprise data centers, burgeoning cloud computing environments, advanced artificial intelligence applications, and the rapidly expanding 5G and edge computing sectors. The company reaches its clientele through diverse sales channels, utilizing direct and indirect sales teams, a network of distributors, value-added resellers, system integrators, and original equipment manufacturers.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 7,123,482 | 14,989,251 | 21,972,042 |
| Gross Profit | 1,283,012 | 2,061,410 | 2,429,922 |
| EBITDA | 799,692 | 1,272,184 | 1,329,833 |
| Operating Income | 761,142 | 1,210,774 | 1,252,994 |
| Net Income | 639,998 | 1,152,666 | 1,048,854 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 3,674,729 | 9,826,092 | 14,018,429 |
| Total Liabilities | 1,702,559 | 4,408,722 | 7,716,558 |
| Total Stockholders Equity | 1,972,005 | 5,417,206 | 6,301,693 |
| Total Debt | 290,302 | 2,174,145 | 4,757,653 |
| Cash and Cash Equivalents | 440,459 | 1,669,766 | 5,169,911 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 663,580 | -2,479,437 | 1,659,524 |
| Capital Expenditure | -36,793 | 0 | -127,214 |
| Free Cash Flow | 626,787 | -2,479,437 | 1,532,310 |
| Net Income | 639,998 | 1,152,666 | 1,048,854 |
| Net Change in Cash | 172,401 | 1,229,313 | 3,502,028 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 56,953,317.801 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 67,274,919.153 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 60,911,903.075 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 4,582,160.672 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 5,412,581.754 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 4,900,647.364 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 2,033,722.531 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 2,523,071.738 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 2,221,401.073 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 1,761,713.162 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 2,080,986.940 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 1,884,162.424 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 3.540 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 4.020 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 3.240 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 4 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Record financial results reported for Q2 fiscal year 2026, reflecting robust revenue and earnings momentum driven by core operations.
- Strategic emphasis on AI and data center solutions, supported by product segment data showing concentrated revenue in high-growth hardware categories.
- Expansion of customer base through targeted solutions, contributing to diversified geographic revenue segments and improved free cash flow generation.
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Intrinsic Value Calculator
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Common questions about SMCI valuation
Is Super Micro Computer, Inc. (SMCI) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Super Micro Computer, Inc. (SMCI) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is SMCI a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether SMCI trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is SMCI’s P/E ratio?
You can see SMCI’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for SMCI?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is SMCI a good long-term investment?
Whether SMCI fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
SMCI
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
-7.62
Trading Metrics:
| Open: | 44.9 | Previous Close: | 43.99 | |
| Day Low: | 38.04 | Day High: | 44.9 | |
| Year Low: | 19.48 | Year High: | 62.36 | |
| Price Avg 50: | 31.38 | Price Avg 200: | 36.02 | |
| Volume: | 47.209M | Average Volume: | 41.28M |
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Login — it's freeSMCI full analysis
Hey everyone, welcome back to the channel where we break down the stocks that matter most in tech right now. Today we're diving deep into Super Micro Computer, ticker SMCI, a company that's been riding the AI wave harder than almost anyone else out there. Over the past year this stock has been a wild ride, down around 45 percent from its highs even as the broader AI boom continues, but recent earnings have sparked some fresh optimism and even…
