Super Micro Computer, Inc. · Computers and devices

SMCI

Moderate riskAI: Servers and networkingNext report: Around Feb 2, 2027 (est.)

View price ↗

The short version

A profitable company with growing sales. Institutions are adding.

Going well

Sales up 93% in the latest quarter vs a year ago
Profitable every year for 10 years
Sales up 47% last year

Watch out for

Share count growing 7.5% a year
5 offering filings in 6 months (may sell new shares)

Money moves

Insiders sold $9.0M in the last 30 days, all through pre-planned sales
Institutions added 33% to their holdings in the quarter ending June 2026 (434 bought, 308 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$32.69-0.8% that day

Company value: $21.5B; Share price times all shares
Price vs profit (P/E): 10.1x; You pay about $10 for each $1 of yearly profit
Price vs sales: 0.55x; Company value is 0.55 times a year of sales
Cash vs value: 35%; A big cushion: cash is a large part of what the company is worth

From SMCI's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26 (worked out from yearly totals)

$11.1B+93% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $39.1B, up 78% from the 12 months before. Over 5 years, sales grew about 46% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of SMCI. Starting points are the company's recent numbers.

Sales growth+30% a yearRecently: +78% a yearProfit margin6%Last 12 months: 5.7%P/E at the end10xToday: 10.1x. Many steady companies trade at 12x to 25xShare count change+8% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$145.0B

Profit in 5 years$8.7B

Price these guesses point to$90.15+176% vs $32.69 todayAbout +22% a year, before dividends

What today's price needs: with a 6% margin and a 10x P/E, sales would have to grow about 6.1% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

3/6Mixed

PassReturn on equity 15%+Earns a lot on the money owners have in the business.15.9%
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.4.8%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.5B
MissShare count not growingNot diluting owners. Falling means buybacks.+24.2% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.11.1%

Revenue: $22.0B; +46.6% vs prior year
5-year growth: +45.8%/yr; revenue, per year
Current ratio: 1.70x; short-term assets / bills due
Free cash flow: $1.5B; 7.0% of revenue

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: debt under half of equity. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Oct 20After close4:44 pm ET

From the press release

Such forward looking statements may include statements regarding, among other things, updated guidance for the first quarter of fiscal year 2027 and statements regarding demand, new orders and backlog levels.

The numbers below are the quarter before. The new quarter's full numbers come with the 10-Q. Read the press release ↗

Revenue: $11.1B; +93.2% YoY
EPS: $1.67; vs $0.31
Op. margin: 13.4%; +9.4 pts
Gross margin: 17.5%; +8.0 pts
Free cash flow: $718.7M
Share count: +10.5%; vs a year ago

Some values are worked out from year-to-date totals in the annual report.

Insider rating

Last 90 days

43Mixed

Pre-planned sales of $9.0M (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

38/ 100

This week: 2
Normal week: 3.3
vs normal: 0.6x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+33.3%

Institutions added 33.3% to their holdings. 434 bought, 308 sold. 5 quarters of net buying in a row.

Shares held by institutions450.6M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+7.5%

Cash runwayAt last year's cash burn

13 months

Debt to equityLatest balance sheet: debt compared with what owners have

Total liabilities $15.5B

Shares outstandingLatest reported

657M

Why moderate risk

Share count growing 7.5% a year
5 offering filings in 6 months (may sell new shares)

Earnings reports

Last 12

Next reportAround Feb 2, 2027 (est.)Estimated from the same quarter last year

Results filedOct 20
Results filedAug 11
Results filedJul 21
Results filedMay 5
Results filedFeb 3

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (passive)Aug 14 · View filing ↗Big holder 5%+ holder update (passive)Aug 13 · View filing ↗Big holder New 5%+ holder (passive)Jul 31 · View filing ↗Big holder Offering prospectusJun 12 · View filing ↗Offering Offering prospectusJun 12 · View filing ↗Offering Offering prospectusJun 12 · View filing ↗Offering Offering prospectusJun 10 · View filing ↗Offering Offering prospectusJun 10 · View filing ↗Offering

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$9.0M2 insiders, 2 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Charles LiangPresident and CEO	Sell	100K	$45.02	$4.5M	338K	Oct 7Filing ↗
-22.9% of their holdings Held via Spouse Pre-planned sale (10b5-1) Also Director and 10% owner Filed 2 days after
Liang Chiu-chu Sara LiuDirector	Sell	100K	$45.02	$4.5M	338K	Oct 7Filing ↗
-22.9% of their holdings Pre-planned sale (10b5-1) Also 10% owner Filed 2 days after