Super Micro Computer, Inc.
SMCISuper Micro Computer, Inc.'s earnings have outrun its stock. EPS grew −12.5% in a year against a −47.8% price move.
The sharpest disagreement: profits are rising, but only −6% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a downtrend (8 weeks in) while the P/E sits at the 33rd percentile of its own 4-year range. Underneath, the last four quarters read improving — profit +336.4% year on year, and −6% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Super Micro Computer, Inc. trades at $28.4, in a downtrend and 8 weeks into that stage. That is −14.3% against its own 200-day average. It sits at 24% of a 52-week range of $21 to $53. On relative strength it has been ahead of the S&P 500 on a trailing-13-week view for 1 straight week.
Today the stock is in a downtrend — week 8 of stage 4. At $28.4 it trades −14.3% versus its 200-day average and sits at 24% of its 52-week range ($21–$53).
Against the market, two honest reads. Cumulative: over the last 10.1 years the stock moved +1,025% while the S&P 500 moved +248% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 1 straight week — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 33rd percentile of its own range.
Valuation P/E is the price of $1 of annual profit: how many dollars the market pays for each dollar the company earns in a year.
Super Micro Computer, Inc. trades at 14.9× P/E, near the bottom of its own range — cheaper only 33% of the time. Its long-run median P/E is 20.9×, measured across 4.3 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 14.9× is near the bottom of its own range — cheaper only 33% of the time, against a long-run median of 20.9× measured over 4.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved −12.5% against a −47.8% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 3y, of the −5.3%/yr price move, ~+18.2%/yr came from earnings growth and ~−23.5 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Super Micro Computer, Inc. reads as turning around on its fundamental arc. Turning around — profit growth swung from −38.9% at the trough to +8.7% off a 1-quarter-old trough, ROCE holding at 12.3%. The read is built from 12 quarters across 4 curves, on full evidence.
Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +46.6% | +61.7% | — | — |
| Profit | −7.8% | +55.9% | — | — |
| EPS | −12.5% | +46.9% | — | — |
| Stock price | −47.8% | −5.3% | +49.6% | +29.5% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
53.2/100 — rank 9 of 29 in Computer Hardware · 82% evidence confidence
Super Micro Computer, Inc. scores 53.2 out of 100 against the 29 companies it is compared with in Computer Hardware, ranking 9. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 21.7 + 11.4 + 12.2 + 7.9 = 53.2. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Super Micro Computer, Inc. reported $10.2 B of revenue in the Mar 26 quarter, +122.6% year on year. That is the 2nd straight quarter of year-on-year growth. Over 4 years it has compounded at 57.6% a year. The last full year, FY25, came in at $22.0 B. The last four reported quarters add to $33.7 B.
Super Micro Computer, Inc. reported $10.2 B of revenue in the Mar 26 quarter, +122.6% year on year. That is the 2nd straight quarter of year-on-year growth. Over 4 years it has compounded at 57.6% a year. The last full year, FY25, came in at $22.0 B. The last four reported quarters add to $33.7 B.
FY25 revenue came in at $22.0 B (+46.6% on the year), capping 4 years at 57.6% compound. The latest quarter (Mar 26) printed $10.2 B, +122.6% year on year — the 2nd consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +59.5% growth against the decade's 57.6% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +56.2% over the last 4 quarters against +68.9%/yr over the last 8 — rolling over; TTM profit +8.7% vs +9.6%/yr — stabilising.
→ Revenue grew — did margins hold as it scaled? Next: 6.2% this quarter (+2.9 pp YoY).
Operating margin Operating margin is what is left of every $100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Super Micro Computer, Inc.'s operating margin is 6.2% in the Mar 26 quarter, +2.9 percentage points against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged 3.4% to 10.7%. The current quarter sits inside that band.
Super Micro Computer, Inc.'s operating margin is 6.2% in the Mar 26 quarter, +2.9 percentage points against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged 3.4% to 10.7%. The current quarter sits inside that band.
The latest quarter's operating margin is 6.2%, +2.9 pp against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged 3.4%–10.7%.
Why the margin moved: operating margin went +2.9 pp year on year while gross margin went +0.4 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
→ Margins held — did that reach the bottom line? Next: profit +336.4% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Super Micro Computer, Inc. earned $0.5 B of net profit in the Mar 26 quarter, +336.4% year on year. It is the 2nd consecutive quarter of growth. Full-year FY25 profit was $1.1 B. The 4-year compound rate is 76.2%. That is 4.7% of the quarter's revenue. The same quarter a year earlier earned $0.1 B.
Super Micro Computer, Inc. earned $0.5 B of net profit in the Mar 26 quarter, +336.4% year on year. It is the 2nd consecutive quarter of growth. Full-year FY25 profit was $1.1 B. The 4-year compound rate is 76.2%. That is 4.7% of the quarter's revenue. The same quarter a year earlier earned $0.1 B.
Mar 26 profit was $0.5 B, +336.4% year on year — the 2nd consecutive quarter of growth. On the full year, FY25 printed $1.1 B (−7.8%), and the 4-year compound rate is 76.2%.
Why profit moved: revenue contributed +122.6% and the margin +2.9 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +67.1% vs revenue +59.5%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra dollar of revenue drops more to the bottom line.
→ Profit rose — but did the cash follow? Next: −6% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years −6% of Super Micro Computer, Inc.'s reported profit arrived as operating cash — a gap worth watching. In FY25 that was $1.7 B of operating cash against $1.1 B of profit. After $0.1 B of capital spending, $1.5 B was left as free cash.
FY25: operating cash of $1.7 B against reported profit of $1.1 B, leaving free cash of $1.5 B after $0.1 B of capital spending. Across the last 3 fiscal years the conversion rate is −6% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why: conversion is measured cleanly, but the working-capital day-counts behind it sit below what we hold — the move is shown without inventing its driver.
Router verdict: the visible cash user is investment — the next section checks what the spending is buying.
→ So follow the cash to where it goes. Next: $0.0 B of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Super Micro Computer, Inc. does not report the debtor, inventory and payable day-counts a cash cycle is built from, so this section reads the investment side instead. Capital spending ran $0.0 B over the last 3 years. Averaged over those years that is 0.0% of FY25 revenue a year.
Working-capital day-counts are not in our numbers for this stock, so this section reads the investment side — where the cash is being put to work.
On the investment side: capital spending of $0.0 B over the last 3 fiscal years.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROE is 18% and the ROIC − WACC spread is +0.0 pp.
Return on equity Return on equity (ROE) is the profit the business earns on its shareholders’ money. With the full capital-employed split not in our numbers, ROE is the cleanest long ladder we can draw here.
Super Micro Computer, Inc. earns a ROE of 17% in FY25. That is up from a trough of 10% in FY21. Return on invested capital clears the cost of that capital by +0.0 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 4.8% net margin on 1.57× asset turns.
FY25 ROE is 17%, recovered from a FY21 trough of 10% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY25): 4.8% net margin × 1.57× asset turns × 2.23× balance-sheet leverage ≈ 16.8% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 10.4% − 10.4% = a +0.0 pp spread. The 10.4% is an estimate of this company's own cost of capital — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 1.21.
Dividend
Super Micro Computer, Inc. pays no dividend. Across the last 12 reported quarters it has declared no dividend per share, so there is no payout history to chart and no yield to quote. Companies at this stage typically reinvest earnings rather than distribute them, which makes the cash-flow and reinvestment sections the place that cash shows up.
Super Micro Computer, Inc. does not currently pay a dividend. Across the last 12 reported quarters the company has declared no dividend per share, so there is no payout history to chart and no yield to quote. Companies at this stage typically reinvest earnings instead of distributing them.
→ No payout to follow. The cash question becomes what the business does with what it earns instead.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Super Micro Computer, Inc. carries total debt of $8.8 B against shareholder equity of $7.6 B as of Mar 26, a debt-to-equity of 1.16. On the annual view that ratio went from 0.09 in FY21 to 0.76 in FY25. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of $8.8 B against shareholder equity of $7.6 B — a debt-to-equity of 1.16. On the annual view, debt-to-equity went from 0.09 (FY21) to 0.76 (FY25). Read the returns on this page with that leverage in mind.
→ Who owns this, and are they adding or leaving? Next: short interest is 17.8% of the float.
Ownership There is no quarter-by-quarter holder register to read here, so we read the crowd through short interest — the slice of tradable shares currently sold short, positioned for a fall.
17.8% of Super Micro Computer, Inc.'s tradable float is currently sold short — a large bloc is positioned against it. At typical trading volumes those positions would take about 1.9 days to buy back. There is no quarter-by-quarter holder register to read for this filer, so the crowd is read through short interest instead.
The latest reading: 17.8% of the float is sold short, and at typical trading volumes it would take about 1.9 days to buy those positions back. A large bloc is positioned against it. This is a single point-in-time reading — we do not yet hold its history, so we show no trend chart.
Why it sits there: who is doing the shorting, and why, does not travel with the number — the level is shown without inventing its story.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Super Micro Computer, Inc.: the Z-score reads 3.50. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits well clear of distress. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.
Why it matters: a Z-score of 3.50 sits well clear of the distress zone — the balance sheet is not the risk here.
The safety line in one sentence: the Z-score reads 3.50.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Super Micro Computer, Inc. this page | 14.9× | $18B | Turning around | |||
| Dell Technologies Inc. | 31.3× | $253B | Mixed | |||
| Arista Networks, Inc. | 58.7× | $214B | Consistent | |||
| Seagate Technology Holdings plc | 70.8× | $169B | No read | |||
| Sandisk Corporation | 36.9× | $162B | No read | |||
| Western Digital Corporation | 27.3× | $160B | No read | |||
| HP Inc. | 9.8× | $26B | Mixed | |||
| Everpure, Inc. | 112.3× | $24B | Turning around | |||
| Logitech International S.A. | 19.3× | $15B | Mixed | |||
| IonQ, Inc. | 36.8× | $13B | No read | |||
| D-Wave Quantum Inc. | — | $7B | No read | |||
| Rigetti Computing, Inc. | — | $5B | No read | |||
| Quantum Computing Inc. | — | $2B | No read | |||
| Braiin Limited | — | $1B | — | — | — | — |
| Corsair Gaming, Inc. | 120.7× | $1B | No read | |||
| Cricut, Inc. | 13.8× | $1B | Mixed | |||
| Unusual Machines, Inc. | — | $1B | No read | |||
| Stratasys Ltd. | — | $1B | No read | |||
| Quantum Corporation | — | $0B | No read | |||
| 3D Systems Corporation | 6.9× | $0B | No read | |||
| Nano Dimension Ltd. | — | $0B | No read | |||
| One Stop Systems, Inc. | 44.2× | $0B | No read | |||
| Velo3D, Inc. | — | $0B | No read | |||
| AstroNova, Inc. | — | $0B | Mixed | |||
| Bgin Blockchain Limited | — | $0B | No read | |||
| Canaan Inc. | — | $0B | No read | |||
| Draganfly Inc. | — | $0B | No read | |||
| AMC Robotics Corporation | — | $0B | — | — | — | — |
| Virtuix Holdings Inc. | — | $0B | — | — | — | — |
Frequently asked questions
What is Super Micro Computer, Inc.'s stock price today?
Super Micro Computer, Inc. trades at $28.4, −47.8% over the past year. The company is valued at $18.0 B. The stock sits at 24% of its 52-week range of $21–$53, −14.3% versus its 200-day average. On the tape, the price is in a downtrend, 8 weeks in. — as of 29 July 2026.
What were Super Micro Computer, Inc.'s latest quarterly results?
Super Micro Computer, Inc. reported revenue of $10.2 B and net profit of $0.5 B for the Mar 26 quarter. Revenue rose 122.6% and profit rose 336.4% year on year. Earnings per share were $0.72. The operating margin was 6.2%, 2.9 pp higher than a year earlier. — as of 29 July 2026.
What is Super Micro Computer, Inc.'s revenue?
Super Micro Computer, Inc. reported revenue of $10.2 B in the Mar 26 quarter, +122.6% year on year. For the full FY25 fiscal year, revenue was $22.0 B (+46.6%). Over the last 4 years revenue compounded at 57.6% a year. — as of 29 July 2026.
What is Super Micro Computer, Inc.'s profit?
Super Micro Computer, Inc. earned $0.5 B of net profit in the Mar 26 quarter, +336.4% year on year — the 2nd straight quarter of growth. Full-year FY25 profit was $1.1 B. The operating margin ran 6.2% in the latest quarter. — as of 29 July 2026.
What is Super Micro Computer, Inc.'s market cap?
Super Micro Computer, Inc.'s market capitalisation is $18.0 B at a stock price of $28.4. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 29 July 2026.
What is Super Micro Computer, Inc.'s P/E ratio?
Super Micro Computer, Inc. trades at a P/E of 14.9×, at the 33rd percentile of its own 4-year range, against a long-run median of 20.9×. This is a comparison with the stock's own history, not a value call — as of 29 July 2026.
Does Super Micro Computer, Inc. pay a dividend?
No — Super Micro Computer, Inc. has declared no dividend per share in any of its last 12 reported quarters, so there is no payout history and no yield to quote. That is a reading of the filed statements, not an estimate. — as of 29 July 2026.
Is Super Micro Computer, Inc. overvalued?
On its own history, Super Micro Computer, Inc. looks cheap against its own history: its P/E of 14.9× has been cheaper only 33% of the time in 4 years (long-run median 20.9×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 29 July 2026.
Is Super Micro Computer, Inc. growing?
Yes — Super Micro Computer, Inc. is growing: latest-quarter revenue +122.6% year on year, profit +336.4%, and the margin +2.9 pp at 6.2%. The 4-year compound rates are 57.6% (revenue) and 76.2% (profit). The earnings engine currently reads: improving — as of 29 July 2026.
How is Super Micro Computer, Inc. performing?
Super Micro Computer, Inc. is in a downtrend, 8 weeks in. Its latest quarter's revenue rose 122.6% and profit rose 336.4% year on year. Against the S&P 500 it has been ahead on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 29 July 2026.
What stage is Super Micro Computer, Inc. in?
Turning around — profit growth swung from −38.9% at the trough to +8.7% off a 1-quarter-old trough, ROCE holding at 12.3%. The read comes from the last 12 quarters of growth (revenue growth +56.2% latest, profit growth +8.7% latest, eps growth +4.4% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 29 July 2026.
Is Super Micro Computer, Inc. in an uptrend?
No — the price is in a downtrend (week 8 of stage 4), trading −14.3% versus its 200-day average and at 24% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 29 July 2026.
Is Super Micro Computer, Inc. beating the market?
On recent form, yes — Super Micro Computer, Inc. has been ahead of the S&P 500 on a trailing-13-week view for 1 straight week, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.1 years the stock moved +1,025% against the S&P 500's +248% — ahead of the index over the full window. — as of 29 July 2026.
Will Super Micro Computer, Inc.'s stock price go up?
This page publishes no price forecast for Super Micro Computer, Inc. What it measures instead: the stock price is $28.4, the price is in a downtrend 8 weeks in. Its P/E of 14.9× sits at the 33rd percentile of its own 4-year range. — as of 29 July 2026.
Is the market betting against Super Micro Computer, Inc.?
Yes — short interest is 17.8% of Super Micro Computer, Inc.'s tradable float, about 1.9 days to cover at typical volumes. A crowded short: a large bloc is positioned against it. With no quarter-by-quarter holder register here, short interest is the cleanest crowd read we hold — as of 29 July 2026.
Does Super Micro Computer, Inc. have too much debt?
It carries real leverage — Super Micro Computer, Inc.'s debt-to-equity is 1.21. A year-by-year borrowings ladder is not in our numbers for this stock, so the latest reading is the cleanest hold. Read the returns on this page with that leverage in mind — as of 29 July 2026.
What is Super Micro Computer, Inc.'s capex?
Super Micro Computer, Inc. spent $0.0 B on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY25 alone that was $0.1 B. — as of 29 July 2026.
What is Super Micro Computer, Inc.'s cash flow?
Super Micro Computer, Inc. generated $1.7 B of operating cash flow in FY25 and $1.5 B of free cash flow after $0.1 B of capital spending. Reported profit that year was $1.1 B, so operating cash ran ahead of profit. — as of 29 July 2026.
Is Super Micro Computer, Inc.'s profit real cash?
Not fully — over the last 3 fiscal years, −6% of Super Micro Computer, Inc.'s reported profit arrived as operating cash. In FY25, operating cash was $1.7 B against reported profit of $1.1 B. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 29 July 2026.
How financially safe is Super Micro Computer, Inc.?
On the balance sheet, the Z-score reads 3.50 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That sits well clear of trouble. — as of 29 July 2026.
Where is Super Micro Computer, Inc. in its business cycle?
Super Micro Computer, Inc.'s FY25 operating margin was 5.7%, against a 5-year band of 3.4%–10.7%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 6.2%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 29 July 2026.
What could break the Super Micro Computer, Inc. story?
The sharpest disagreement: profits are rising, but only −6% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 29 July 2026.
Is Super Micro Computer, Inc. a stock worth studying right now?
This is not investment advice. The machine read: Super Micro Computer, Inc.'s earnings have outrun its stock. EPS grew −12.5% in a year against a −47.8% price move. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 29 July 2026.