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SMCI Financials Super Micro Computer

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 61.5% per year over the past 5 years.
  • Net income has grown faster than revenue (81.9% vs 61.5% per year).
  • Operating margin has expanded, at 7.1% in the latest year.

Financial health

  • The company holds more cash ($7.5B) than total debt ($4.1B).
  • Total debt has grown faster than revenue (110.5% vs 61.5% per year).
  • Operating income covered interest expense 14× in the latest year.
  • Total debt is 1.4× EBITDA.
Revenue & net income
$0 $20B $39B 2012 2014 2016 2018 2020 2022 2024 2026
RevenueNet income
Margins (gross / operating / net)
0% 9% 18% 2012 2014 2016 2018 2020 2022 2024 2026
GrossOperatingNet
Return on equity & assets (ROE / ROA)
0% 16% 32% 2012 2014 2016 2018 2020 2022 2024 2026
ROEROA
Free cash flow (CFO − capex)
-$7B -$3B $2B $0 2012 2014 2016 2018 2020 2022 2024 2026
Free cash flow
Cash vs total debt
$0 $4B $8B 2012 2014 2016 2018 2020 2022 2024 2026
CashTotal debt
Cash flow: operating / investing / financing
-$7B $1B $9B $0 2012 2014 2016 2018 2020 2022 2024 2026
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2026 $39.1B $2.2B 10.8% 7.1% 15.4% 7.4% -$7.0B $4.1B $7.5B
2025 $22.0B $1.0B 11.1% 5.7% 16.6% 7.5% $1.5B $112M $5.2B
2024 $15.0B $1.2B 13.8% 8.1% 21.3% 11.7% -$2.6B $476M $1.7B
2023 $7.1B $640M 18.0% 10.7% 32.5% 17.4% $627M $290M $440M
2022 $5.2B $285M 15.4% 6.5% 20.0% 8.9% -$486M $597M $267M
2021 $3.6B $112M 15.0% 3.5% 10.2% 5.0% $65M $98M $232M
2020 $3.3B $84M 15.8% 2.6% 7.9% 4.4% -$75M $29M $211M
2019 $3.5B $72M 14.2% 2.8% 7.6% 4.3% $238M $24M $248M
2018 $3.4B $46M 12.8% 2.8% 5.5% 2.6% $60M — $115M
2017 $2.5B $67M 14.1% 3.8% 8.6% 4.4% -$126M $162M $111M
2016 — $72M — — 10.3% 6.0% $74M $94M $179M
2015 — $93M — — 15.0% 8.5% -$81M $94M $93M
2014 — $54M — — 11.5% 6.8% -$34M $46M $95M
2013 — $21M — — 5.7% 3.4% $9M $35M $93M
2012 — $30M — — 8.8% 5.1% -$8M $43M $81M

Valuation over time

How the market has priced SMCI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 51.8 103.7 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 4.7 9.3 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is SMCI growing its revenue and profit?

Over the past 5 years, Super Micro Computer's revenue has grown 61.5% per year, and net income grown 81.9% per year. These are computed facts, not advice.

How much debt does SMCI have?

As of FY2026, Super Micro Computer reported $4.1B of total debt against $7.5B of cash; operating income covered interest expense 14×.

What is SMCI's profit margin?

In FY2026, gross margin was 10.8%, operating margin 7.1%, and net margin 5.7%.

What is SMCI's P/E ratio?

Super Micro Computer's P/E (TTM) is 9.16 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the SMCI stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 9.2× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.