Super Micro Computer (SMCI) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Super Micro Computer

NasdaqGS•Technology•Computer Hardware

$40.35+3.50(0.09%)Pre-market

Market Cap

$24.75B

P/E

11.1x

P/S

0.6x

P/B

1.7x

Super Micro Computer, Inc., together with its subsidiaries, develops and sells server and storage solutions based on modular and open-standard architecture in the United States, Asia, Europe, and internationally. The company provides liquid and air-cooled AI servers for training and inferencing with integrated graphics processing units (GPUs) or PCIe based architectures; SuperBlade, MicroBlade, FlexTwin, GrandTwin, and BigTwin blade and multi-node systems; SuperStorage systems; Hyper, CloudDC, and WIO and rackmount systems; embedded (5G/IoT/Edge) systems; and MicroCloud server systems. It also offers workstations and networking devices; and modular server subsystems and accessories, including server boards, chassis, power supplies, and other accessories. In addition, the company provides remote system management solutions, such as Server Management suite comprising Supermicro Server Manager, Supermicro Power Management software, Supermicro Update Manager, SuperCloud Composer, and SuperDoctor 5. Further, the company identifies service requirements; creates and executes project plans; conducts verification testing; offers training; and provides technical documentation. Additionally, it offers rack level services from design to deployment for full rack and cluster level deployments of AI and HPC datacenters; help desk services and on-site product support; and warranties, maintenance, and technical support services. The company serves enterprise data centers, cloud computing, artificial intelligence, 5G, and edge computing markets through direct and indirect sales force, distributors, value-added resellers, system integrators, and original equipment manufacturers. Super Micro Computer, Inc. was incorporated in 1993 and is headquartered in San Jose, California.

How this company scores

GoodMetricSide Score: 72/100

Strongest: Balance Sheet & Red Flags (25/25); weakest: Cash & Earnings Quality (6/25).

Profitability18/25

Growth23/25

Balance Sheet & Red Flags25/25

Cash & Earnings Quality6/25

Strengths

Growing revenueHigh ROERising earningsLow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 11.1x5y range 6.4x – 55.8x

Currently below its 20-quarter median.

P/S · 0.6x5y range 0.4x – 5.0x

Currently below its 20-quarter median.

P/B · 1.7x5y range 1.5x – 11.5x

Currently below its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Watch

4 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Share Dilution

Watch

Shares outstanding rose 4.0% — mild dilution. Compare to earnings growth to assess the net per-share impact.

Price & Volume

Market Cap $24.75B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $39.06B
Q. Revenue: $11.12B
TTM EBITDA: $2.82B
TTM Op. Income: $2.77B
Q. Op. Income: $1.49B
TTM Net Income: $2.23B
Q. Net Income: $1.18B
EPS: $1.864
Shares Out.: $613.39M

$39.06B in TTM revenue grew 77.8% YoY, reaching $11.12B last quarter. TTM EBITDA of $2.82B and TTM operating income of $2.77B show growth is flowing through to the bottom line. TTM net income of $2.23B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 17.5%
EBITDA Margin: 13.5%
Op. Margin: 13.4%
Net Margin: 10.6%

Op. margin of 13.4% is up 9.4% YoY — cost efficiency is improving. Net margin at 10.6% and gross margin of 17.5% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 11.1x
P/S Ratio: 0.6x
P/B Ratio: 1.7x

At 11.1x P/E, the stock trades below typical market levels. P/S of 0.6x and P/B of 1.7x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 60% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $29.95B
Cash: $7.52B
Long-Term Debt: $4.66B
Book Value: $14.48B
D/E Ratio: 0.3
Debt/EBITDA: 3.1

With $29.95B in assets and $4.66B in long-term debt, D/E is 0.3and book value is $14.48B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 4 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $746.96M
TTM Free Cash Flow: $-6.97B
FCF Margin: -17.8%
FCF / Net Income: -3.1

TTM FCF of $-6.97B on $746.96M in operating cash flow. The FCF / Net Income ratio of -3.1x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.