Earnings quality
Compare earnings and operating cash flow for earnings quality.
Super Micro Computer, Inc.
Ticker SMCI · 🇺🇸 United States · Consolidated US GAAP · amounts in dollars
Filed 2026-08-31 · Period end 2026-06-30
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 7.1%; equity ratio is 48.4%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin7.1%
Equity ratio48.4%
Last priceUSD 29.60
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
Super Micro Computer, Inc. is a US-listed company with consolidated financial statements filed on SEC EDGAR.
Compare trends
Tel 408-503-8000 · As of filing date 2026-08-31
Financial statements
Income statement
| Account | FY2025 (ended Jun 30, 2025) | FY2026 (ended Jun 30, 2026) |
|---|---|---|
| Revenue | $22.0B | $39.1B |
| Cost of sales* | $19.5B | $34.8B |
| Gross profit | $2.4B | $4.2B |
| Operating profit | $1.3B | $2.8B |
| Income tax | $156.9M | $556.3M |
| Net income | $1.0B | $2.2B |
| Basic EPS | — | — |
Balance sheet
| Account | FY2025 (ended Jun 30, 2025) | FY2026 (ended Jun 30, 2026) |
|---|---|---|
| Cash & equivalents | $5.2B | $7.5B |
| Current assets | $12.3B | $27.7B |
| Non-current assets* | $1.7B | $2.2B |
| Total assets | $14.0B | $29.9B |
| Current liabilities | $2.3B | $7.2B |
| Non-current liabilities* | $5.4B | $8.3B |
| Total liabilities | $7.7B | $15.5B |
| Stockholders’ equity | $6.3B | $14.5B |
Cash flow statement
| Account | FY2025 (ended Jun 30, 2025) | FY2026 (ended Jun 30, 2026) |
|---|---|---|
| Operating cash flow | $1.7B | -$6.8B |
| Investing cash flow | -$183.2M | -$200.3M |
| Financing cash flow | $2.0B | $9.5B |
| Cash at end of period | $5.2B | $7.5B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | $5.2B | $7.1B | $15.0B | $22.0B | $39.1B | |
| Operating profit | $335.2M | $761.1M | $1.2B | $1.3B | $2.8B | |
| Net income | $285.2M | $640.0M | $1.2B | $1.0B | $2.2B | |
| Total assets | $3.2B | $3.7B | $9.8B | $14.0B | $29.9B | |
| Cash & equivalents | $267.4M | $440.5M | $1.7B | $5.2B | $7.5B | |
| Stockholders’ equity | $1.4B | $2.0B | $5.4B | $6.3B | $14.5B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from $22.0B to $39.1B (▲ +77.8%). Operating profit went from $1.3B to $2.8B (▲ +121.1%).
Operating cash flow was -$6.8B (prior $1.7B), with cash on the balance sheet at $7.5B versus $5.2B.
Liquidity & leverage
Cash moved from $5.2B to $7.5B; current liabilities $7.2B.
Capital buffer
Stockholders’ equity moved from $6.3B to $14.5B.
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Source: SEC EDGAR 0001375365-26-000022
(Super Micro Computer, Inc.), period end 2026-06-30.