Loading…
US maker of high-performance servers and storage systems, especially GPU-dense servers for AI data centers.
US maker of high-performance servers and storage systems, especially GPU-dense servers for AI data centers.
Builds servers from standard modular parts, called building blocks, so it can customise quickly, and sells them to cloud, enterprise and AI data-centre customers directly and through resellers; revenue and margin move with the size and timing of a few large orders. Its founder Charles Liang is still chief executive and the largest holder.
Moat: narrow (process know-how, customer qualification). Fast design-to-market on new Nvidia GPU platforms and early customer qualification, but rivals can replicate quickly.
Headquarters: San Jose, California, US · Founded: 1993 · Employees: 7,000
Size Supermicro (SMCI) is a United States Information Technology company (Computer Processing Hardware) with a market value of $18.9B, the 511th largest of 3,117 United States companies the cockpit tracks. Shares closed at $28.76 on 6 Nov 2026.
Performance Over six months the shares fell 18.7%, against +12.4% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 17 in its peer set.
Growth Revenue grew 156.5% over the last twelve months (peer median +27.5%); the operating margin is 8.6% (peer median 4.3%).
Valuation It trades at 4.8× forward earnings against a peer median of 14.6× (cheapest of 15).
Capital Return on invested capital runs 4.2 points above its cost of capital (12.4% WACC).
Backlog Backlog (remaining performance obligations) was $5.67B at 30 Sep 2026, up 451% on a year earlier — 0.1 years of trailing revenue. Backlog detail →
Credit Supermicro has 3 bonds outstanding ($4.72B).
Short interest Short interest is 12.2% of the free float (15 Oct 2026).
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $54.0B | $39.1B | $22.0B | $15.0B | $7.12B |
| Revenue growth | — | +78% | +47% | +110% | — |
| Gross profit | $6.30B | $4.23B | $2.43B | $2.06B | $1.28B |
| EBITDA | $4.75B | $2.86B | $1.31B | $1.25B | $796M |
| Net income | $3.63B | $2.21B | $1.05B | $1.15B | $640M |
| Free cash flow | -$6.50B | -$6.97B | $1.53B | -$2.61B | $627M |
| Capital expenditure | $171M | $162M | $127M | $124M | $36.8M |
| Total debt | $8.65B | $9.26B | $4.78B | $2.17B | $290M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Supermicro SMCI | $18.9B | -19% | +156% | 9% | 4.8× | n/a |
| Dell Technologies DELL | $209B | +26% | +49% | 10% | 11.6× | 10.1% |
| Hewlett Packard Enterprise HPE | $59.4B | +43% | +27% | 8% | 9.6× | 16.2% |
| Lenovo 0992.HK | $30.8B | +50% | +26% | 5% | 8.2× | -15.0% |
| Hon Hai Precision Industry 2317.TW | $95.6B | -3% | +25% | 4% | 10.5× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SMCI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -32.8% | -14.6% | 4th lowest of 18 |
| 6-month return | -18.7% | +12.4% | 5th lowest of 17 |
| Distance from 52-week high | -44.0% | -38.2% | 6th lowest of 18 |
| Revenue growth (TTM) | +156.5% | +27.5% | 2nd highest of 17 |
| Operating margin | 8.6% | 4.3% | 5th highest of 17 |
| Forward P/E | 4.8× | 14.6× | cheapest of 15 |
| ROIC minus cost of capital | +4.2 pp | +1.1 pp | 5th highest of 17 |
| EV / EBITDA | 5.2× | 12.2× | cheapest of 6 |
| Net debt / EBITDA | 0.4× | 1.1× | 5th least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Supermicro SMCI | United States | $18.9B | -19% | +156% | 9% | 4.8× | n/a | n/a |
| Asustek Computer 2357.TW | Taiwan | $19.3B | +55% | +32% | 6% | 11.4× | n/a | n/a |
| Dawning Information Industry 603019.SS | China | $16.8B | -17% | +32% | 13% | 38.4× | 31.2% | +8.0% |
| Wistron 3231.TW | Taiwan | $16.3B | +13% | +107% | 4% | 8.1× | n/a | n/a |
| Zebra Technologies ZBRA | United States | $15.2B | +42% | +17% | 17% | 14.9× | 14.8% | +4.1% |
| Advantech 2395.TW | Taiwan | $14.5B | +39% | +40% | 19% | 22.5× | 9.5% | +6.8% |
| Lingyi iTech (Guangdong) 002600.SZ | China | $14.2B | -17% | +9% | 6% | 30.9× | n/a | n/a |
| IonQ IONQ | United States | $14.0B | -34% | +371% | -392% | n/a | n/a | n/a |
| GoerTek 002241.SZ | China | $13.1B | 0% | -3% | 2% | 25.5× | n/a | n/a |
| IEIT SYSTEMS Co., Ltd.Class A 000977.SZ | China | $12.1B | -21% | +14% | 3% | 14.3× | 7.7% | +21.2% |
| Lenovo 0992.HK | Hong Kong | $30.8B | +50% | +26% | 5% | 8.2× | -15.0% | +6.6% |
| Sharetronic Data Technology 300857.SZ | China | $11.4B | -40% | +127% | 21% | 39.5× | n/a | n/a |
| Quantinuum QNT | United States | $9.89B | n/a | +35% | -644% | n/a | n/a | n/a |
| Pegatron 4938.TW | Taiwan | $7.52B | +14% | -6% | 1% | 13.1× | n/a | n/a |
| SeeYA Technology 688781.SS | China | $7.11B | +17% | n/a | n/a | n/a | n/a | n/a |
| Hewlett Packard Enterprise HPE | United States | $59.4B | +43% | +27% | 8% | 9.6× | 16.2% | +5.0% |
| Inventec 2356.TW | Taiwan | $5.71B | +12% | +16% | 2% | 13.2× | n/a | n/a |
| China Greatwall Technology 000066.SZ | China | $5.40B | -42% | +28% | -1% | 81.7× | n/a | n/a |
Supermicro has 3 bonds outstanding with $4.72B face value.
Supermicro reported $5.67B of remaining performance obligations at 30 Sep 2026, up 451% from a year earlier and up 117% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.15.