Super Micro Computer, Inc. (SMCI)

NASDAQ: SMCI · USD

$35.8

+0.73 (+2.1%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-22

Our latest published analysis: SMCI rated Strong Buy

Super Micro Computer, Inc.'s published Strong Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$50.2 / share

Potential value

$63.3 / share

Upside to FV

+41.1%

from $35.8

Moat

6.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$23.0B
Revenue (ttm)	39.1B
Net income (ttm)	2.2B
EPS (ttm)	$3.26
Shares out	657M
P/E (trailing)	11.0x
P/E (forward)	10.2x
Volume	25,654,798
Beta	2.01

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 39.1B
Net income (ttm): 2.2B
EPS (ttm): $3.26
P/E (trailing): 11.0x
P/E (forward): 10.2x
Market cap: $23.0B

Item	P1	P2	P3	P4	P5	Trend
Period	2022-06-30	2023-06-30	2024-06-30	2025-06-30	2026-06-30	Trend
Revenue	$5.20B	$7.12B	$14.99B	$21.97B	$39.06B	+65.6%
Gross profit	$800.0M	$1.28B	$2.06B	$2.43B	$4.23B	+51.6%
Operating income	$335.2M	$761.1M	$1.21B	$1.25B	$2.77B	+69.6%
Net income	$285.2M	$640.0M	$1.15B	$1.05B	$2.23B	+67.2%
EPS (diluted)	$0.53	$1.14	$1.92	$1.68	$3.26	+57.5%
EBITDA	$375.7M	$799.7M	$1.29B	$1.33B	$3.04B	+68.6%
R&D	$272.3M	$307.3M	$463.5M	$636.6M	$771.2M	+29.7%
SG&A	$102.4M	$99.6M	$193.6M	$267.2M	$332.9M	+34.3%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAL	American Airlines Group Inc.	8.3B	—	0.1x	3.0%	+20.0%	-6.9%	Giữ
ALB	Albemarle Corporation	11.4B	198.9x	1.9x	4.1%	+12.8%	+1.9%	Giữ
ANET	Arista Networks Inc.	235.7B	59.1x	22.4x	284.8%	+32.0%	+19.7%	Bán
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	Bán
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	Giữ
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	Mua mạnh

Base and Bull scenarios

Bull20%

Price target

$63.33

+78.0% from spot

The Bull scenario projects accelerated enterprise adoption of proprietary liquid cooling racks and rapid international expansion across sovereign cloud initiatives. Under this path, the target price reaches $63.33 with an assigned probability of 20.0%, representing an implied return of 78.0% from $35.57 as of $35.57 (as of 2026-10-21). For this outcome to materialize, Super Micro must successfully broaden its customer base beyond the primary counterparty, expand higher-margin software and service agreements, and sustain a multi-quarter engineering lead over competitors. The scenario would be disconfirmed if international cloud buildouts decelerate or if silicon supply constraints delay high-density rack deliveries through FY2028.

Liquid cooling market share expands across enterprise and international sovereign AI datacenter clusters.
Higher-margin software management and maintenance services scale rapidly.
Customer diversification successfully lowers reliance on any individual hyperscaler.

Base55%

Price target

$50.18

+41.1% from spot

The Base scenario models the modal trajectory for Super Micro, where the company sustains direct liquid cooling leadership and scales server rack deployments across enterprise and cloud datacenter operators. Under this path, the target price reaches $50.18 with an assigned probability of 55.0%, offering an implied return of 41.1% from $35.57 as of $35.57 (as of 2026-10-21). For this outcome to materialize, datacenter power densities must continue requiring liquid cooling solutions, Customer One must maintain predictable procurement cadences, and operating cash flow must gradually normalize as inventory converts into customer deliveries. The scenario would be disconfirmed if tier-one server OEMs capture liquid cooling share or if customer procurement pauses, which investors would detect through quarterly gross margin contraction or multi-quarter order deceleration by late FY2027.

Direct liquid cooling rack deployments expand in line with high-density datacenter computing requirements.
Operating margins remain resilient as manufacturing scale offsets tier-one OEM pricing competition.
Operating cash flow conversion improves as server cluster inventory is delivered and invoiced.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($50.18). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.3%	2.5%	2.8%	3.0%
11.2%	$52.9	$53.5	$54.0	$54.6	$55.3
11.7%	$51.0	$51.5	$52.0	$52.5	$53.1
12.2%	$49.3	$49.7	$50.2	$50.6	$51.1
12.7%	$47.7	$48.1	$48.5	$48.9	$49.3
13.2%	$46.3	$46.6	$47.0	$47.3	$47.7

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E10.2

P25 n/aP50 n/aP75 n/a

Trailing P/E10

P25 n/aP50 n/aP75 n/a

ROE21.5

P25 n/aP50 n/aP75 n/a

ROIC14

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All SMCI indicators

Market & fundamental data

Available fields

264

Groups with data

Currency

USD

Showing 264 of 264 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001375365
Company name	Super Micro Computer, Inc.
Country	United States
Country code	US
CUSIP number	86800U302
Earnings date	2026-11-03
Earnings time	amc
Employees	7,000
Employees change	762
Employees growth	12.22%
Enterprise value	$25.2B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	June
Founded	1993
In index	SP500
Industry	Computer Hardware
IPO date	2007-03-29
Is primary listing	Yes
Is SPAC	No
ISIN number	US86800U3023
Last 10-K release date	2026-08-31
Last earnings date	2026-08-11
Last refreshed	2026-10-28
Last stock split date	2024-10-01
Last stock split type	Forward
Market cap	$23.5B
Market cap category	Large-Cap
Next earnings date	2026-11-03
Options	Yes
Price	$35.82
Price currency	USD
Sector	Technology
SIC code	3571
Stock price date	2026-10-28
Symbol	SMCI
Tags	artificial-intelligence
U.S. state	California
Website	https://www.supermicro.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	10x
Average P/E ratio (10Y)	18.7x
Average P/E ratio (3Y)	24.5x
Average P/E ratio (5Y)	19.54x
Earnings yield	9.09%
EV/Earnings	11.32x
EV/EBIT	8.98x
EV/EBITDA	8.81x
EV/Sales	0.64x
FCF / EV yield	-28.04%
FCF yield	-30.11%
Forward EV/Sales	0.35x
Forward P/E	7.67x
Forward P/S	0.33x
Graham number	33.81247
Graham upside	-4.05%
Industry forward P/E	13.8x
Industry P/E	27.32x
Lynch fair value	$81.38
Lynch upside	130.94%
P/B ratio	2.25x
P/E ratio	11x
P/S ratio	0.59x
PEG ratio	0.33x
Price / tangible book value	2.26x
Price/EBITDA ratio	8.2x
Sector forward P/E	18.55x
Sector P/E	32.64x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	7.09%
EBITDA margin	7.23%
Effective tax rate	19.96%
Gross margin	10.82%
Operating margin	7.09%
Pretax margin	7.13%
Profit margin	5.71%
Profit per employee	$313,692
Profitable quarters	34
Profitable years	23
Revenue per employee	$5.6M
ROA	7.88%
ROA (5Y)	9.44%
ROCE	12.16%
ROE	21.47%
ROE (5Y)	26.17%
ROIC	14.03%
ROIC (5Y)	24.87%
SBC / revenue	1.06%
Tax / revenue	1.42%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	93.98%
EPS growth (Q)	434.66%
EPS growth (QoQ)	135.32%
EPS growth 10Y	37.08%
EPS growth 3Y	41.87%
EPS growth 5Y	73.18%
EPS growth quarters	3
EPS growth years	1
FCF growth (Q)	-14.53%
Gross profit growth	73.97%
Gross profit growth (Q)	257.03%
Gross profit growth 3Y	48.8%
Gross profit growth 5Y	51.22%
Net income growth	112.66%
Net income growth (Q)	503.74%
Net income growth (QoQ)	136.58%
Net income growth 3Y	50.83%
Net income growth 5Y	81.38%
Net income growth quarters	3
Net income growth years	1
OCF growth (Q)	-13.51%
Operating income growth	121.11%
Operating income growth (Q)	551.54%
Operating income growth 3Y	53.83%
Operating income growth 5Y	86.15%
Revenue growth	77.79%
Revenue growth (Q)	93.16%
Revenue growth (QoQ)	8.56%
Revenue growth 10Y	33.18%
Revenue growth 3Y	76.34%
Revenue growth 5Y	61.48%
Revenue growth quarters	3
Revenue growth years	6

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-162M
Depreciation and amortization	$53.7M
EBIT	$2.8B
EBITDA	$2.8B
EPS	$3.26
FCF per share	$-10.61
Financing cash flow	$9.5B
Free cash flow	$-7B
Free cash flow minus SBC	$-7.4B
Gross profit	$4.2B
Income taxes	$556.3M
Investing cash flow	$-200.3M
Net borrowing	$3.9B
Net cash flow	$2.5B
Net income	$2.2B
Operating cash flow minus SBC	$-7.2B
Operating income	$2.8B
Revenue	$39.1B
Stock-based compensation	$412.1M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	3.58
Book value per share	$15.61
Debt / EBITDA	3.21
Debt / equity	0.64
Interest coverage	14.24
Long-term assets	$2.2B
Long-term liabilities	$8.3B
Net cash (debt)	$-1.7B
Net cash / market cap	-7.41%
Net debt / EBITDA	0.61
Net debt / equity	0.12
Piotroski F-Score	2
Property, plant and equipment	$1.1B
Shareholders' equity	$14.5B
Tangible book value	$10.3B
Tangible book value per share	$15.61
Total assets	$29.9B
Total cash	$7.5B
Total debt	$9.3B
Total liabilities	$15.5B
WACC	11.41%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	1.78
Current assets	$27.7B
Current liabilities	$7.2B
Current ratio	3.87
Inventory turnover	3.96
Net working capital	$15.1B
Quick ratio	1.93
Working capital	$20.6B
Working capital turnover	2.56

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-10.97%
Dividend yield	0%
Shareholder yield	-10.97%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	1,490.05%
10Y return CAGR	31.87%
10Y total return	1,490.05%
150-day SMA	$33.28
15Y price change	2,027.12%
15Y return CAGR	22.61%
15Y total return	2,027.12%
1D price change	2.07%
1M price change	-18.77%
1M total return	-18.77%
1W price change	8.22%
1W total return	8.22%
1Y price change	-31.86%
1Y return CAGR	-31.88%
1Y total return	-31.86%
20-day SMA	$37.66
200-day SMA	$32.61
3M price change	17.88%
3M total return	17.88%
3Y price change	45.57%
3Y return CAGR	13.33%
3Y total return	45.57%
50-day SMA	$38.33
50-day SMA vs 200-day SMA	50over200
52-week high	$54.08
52-week high date	2025-10-29
52-week low	$19.48
52-week low date	2026-03-23
5Y price change	895.19%
5Y return CAGR	58.35%
5Y total return	895.19%
6M price change	26.18%
6M total return	26.18%
After-hours change	-0.07%
After-hours close	$35.82
After-hours price	$35.79
All-time high	$122.90
All-time high date	2024-03-08
All-time low	$0.36
All-time low date	2008-11-13
Average true range (ATR)	$2.37
Average volume	35M
Beta (1Y)	3.51
Beta (2Y)	2.98
Beta (5Y)	2.01
Change from 52-week high	-33.77%
Change from 52-week low	83.86%
Change from all-time high	-71.41%
Change from all-time low	9,580.44%
Change from open	0.63%
Day's gap	1.42%
Dollar volume	$918.8M
High price	$36.04
Low price	$34.64
Monthly RSI	49.19
Open price	$35.59
Position in 52-week range	83.93%
Premarket change	1.37%
Premarket close	$35.09
Premarket price	$35.57
Premarket volume	824.5K
Previous close	$35.09
Price vs 150-day SMA	5.6%
Price vs 20-day SMA	-6.68%
Price vs 200-day SMA	7.75%
Price vs 50-day SMA	-8.33%
Relative volume	0.73
RSI	45.16
Sharpe ratio	0.02
Sharpe ratio (3Y)	0.57
Sharpe ratio (5Y)	0.91
Sortino ratio	0.09
Sortino ratio (3Y)	0.93
Sortino ratio (5Y)	1.5
Volume	25.7M
Weekly RSI	49.49
YTD price change	20.06%
YTD total return	20.06%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	557.7M
Float percentage	84.89%
Shares change (QoQ)	1.85%
Shares change (YoY)	10.97%
Shares held by insiders	12.57%
Shares held by institutions	68.53%
Shares outstanding	657M
Short % of float	15.66%
Short % of shares	13.3%
Short ratio	2.4 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	1,166

Deeper analysis on SMCI

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this SMCI report

What is the latest published SMCI stock rating?

Super Micro Computer, Inc. is shown with Strong Buy in the latest published report, analyzed 2026-10-22. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full SMCI analysis?

The full latest published report, analyzed 2026-10-22, lives at /stocks/SMCI/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for SMCI?

The latest published report analyzed 2026-10-22 gives SMCI a fair value of USD 50 and a potential value of USD 63. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the SMCI page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-22). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

Strong BuySMCI · Fair value $50.2+41.1%

Read full analysis →

Super Micro Computer, Inc. (SMCI)

Our latest published analysis: SMCI rated Strong Buy

Price

Financial snapshot

Fair-value bridge

Latest news · SMCI

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All SMCI indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on SMCI

Frequently asked questions

Lịch sử xếp hạng

Category	Score	Reading
Valuation	8.5
Management	6.5
Balance Sheet	7.5
Profitability	6.0
Revenue Growth	9.0
Risk Assessment	6.0
Competitive Moat	6.5
Earnings Quality	4.5
Capital Efficiency	5.5