SUPER MICRO Computer Inc. SMCI
Net debt to net cash Operating income doubled Net income doubled Revenue decelerating Margin expanding
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Business Model#
What the company does and how it earns its money; written AI-editorially, exclusively from the company's original reports, without any assessment of our own.
Super Micro Computer designs, manufactures, and sells high-performance server and storage solutions, server management software, and complete data center infrastructure systems. Revenue is generated primarily through the sale of server hardware – including Hyper Servers, GPU-accelerated rack systems (such as GB200 and GB300 NVL series), and storage platforms – to enterprise, hyperscale, and cloud customers globally, with systems available in both air-cooled and liquid-cooled configurations. The company's Data Center Building Block Solutions (DCBBS) architecture bundles validated components and subsystems – including coolant distribution units, power shelves, battery backup, high-speed switching, and data center management software – into modular, scalable AI infrastructure offerings designed to range from single-server deployments to gigawatt-scale data centers. Super Micro competes on performance-per-watt efficiency, customization depth, and time-to-market, manufacturing primarily in the United States with additional operations in the Netherlands and Taiwan; certain components are sourced from related-party manufacturers Ablecom and Compuware, which together represented 2.1% of cost of sales in FY2026 37.
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Current Status#
Summary of the most recent reporting period: core figures, drivers and management statements; written editorially from the current original report, every figure backed by a source number.
Super Micro Computer reported Q4 FY2026 net sales of $11,119.8 million, up 93% from $5.8 billion in Q4 FY2025, driven by strong demand for Hyper Servers and GPU rack systems including GB200 and GB300 platforms 36. Full-year FY2026 net sales totaled $39.1 billion, a 77% increase from $22.0 billion in FY2025, with more than $60 billion in new orders generated over the past year 36. Diluted EPS for Q4 was $1.62, with operating income of $1,488.1 million 136. The company added several hundred enterprise and other customers during the year and reported a record backlog entering fiscal 2027 36.
Management commentary on the FY2026 results (8-K-EX99.1, 2026-08-11):
„Our Total AI/IT Solutions strategy continues to deliver strong results, we added several hundred enterprise and other customers in the past year, generated more than $60 billion in new orders, and booked record backlog entering fiscal 2027. As demand accelerates, we are improving profitability through a richer enterprise customer mix and broader adoption of our optimized Data Center Building Block Solutions® (DCBBS) architecture. Combined with continued investment in technology leadership, manufacturing scale, and global compliance, we are enabling customers to deploy AI infrastructure faster and more efficiently.“ – Charles Liang, Founder, President and CEO 36
Revenue · 2026-Q411,120$m+93.2 % vs. 2025-Q4
Net profit · 2026-Q41,178$m+503.6 % vs. 2025-Q4
EPS · 2026-Q41.62$+422.6 % vs. 2025-Q4
Revenue trend
Guidance
For FY2027, the company guides Revenue to $65.0 billion to $72.0 billion (initiated). 36.
ProfitabilityQ4 FY2026 net income was $1,178.2 million and operating income was $1,488.1 million, with a Q4 gross margin of 17.5% compared to 10.8% for the full fiscal year 36 136. Free cash flow in the quarter was $718.7 million, with operating cash flow of $747.0 million and capital expenditures of $28.2 million 136. Full-year FY2026 net income increased to $2,230.5 million from $1,048.9 million in FY2025, with operating expenses rising 23.8% to $1,456.8 million, driven by higher headcount, salary, and stock-based compensation 37.
LeverageAs of June 30, 2026, cash stood at $7,521.5 million, resulting in a net cash position of $2,857.3 million 136. Total bank debt and convertible notes amounted to $8.7 billion as of the same date, with financing activities providing $9,478.8 million in FY2026 through equity offerings and credit drawdowns 36 37. During FY2026 the company entered a $2,000.0 million revolving credit facility with JP Morgan, and its Taiwan subsidiary arranged credit facilities totaling $1,765.0 million with CTBC Bank; interest expense increased $135.0 million (226.5%) year-over-year due to new convertible note issuances and revolving credit drawdowns 37.
Management viewSuper Micro announced support for the NVIDIA Vera Rubin platform and introduced DCBBS Blueprints designed to scale AI data centers from 5 megawatt to 1 gigawatt power envelopes 37. The company deployed its next-generation Direct Liquid Cooling solution (DLC-2), engineered to reduce power consumption by up to 40% compared to air-cooled installations and decrease total cost of ownership by up to 20% 37. The DCBBS architecture was scaled to more than ten key subsystems – including coolant distribution units, power shelves, battery backup units, and data center management software – advancing Super Micro's positioning as a total data center infrastructure provider 37.
ChangeFull-year FY2026 gross margin decreased to 10.8% from 11.1% in FY2025, primarily due to competitive pricing strategy to gain market share, product and customer mix changes, and higher manufacturing expenses 37. Annual operating cash flow turned negative at $(6,809.9) million compared to positive $1,659.5 million in the prior year, driven by increased inventory and accounts receivable buildup to support revenue growth 37. The share of international sales declined to 29.1% of net sales in FY2026 from 40.6% in FY2025, and customer concentration narrowed to one customer accounting for 10% or more of net sales, versus four such customers the prior year 37.
Risks (current)Super Micro disclosed a material weakness in internal control over financial reporting as of June 30, 2026, and had previously filed late SEC reporting obligations including a late Form 10-K for FY2024 and Forms 10-Q for Q2 and Q3 FY2025 37. Export control regulations imposed in January 2025 created a worldwide authorization requirement for advanced computing products; a May 2025 rescission was announced, though future regulatory requirements remain uncertain 37. The company is significantly dependent on a limited number of component suppliers and on related parties Ablecom and Compuware for contract manufacturing, while also facing key-man concentration risk around President, CEO, and Chairman Charles Liang, for whom no succession plan is in place 37.
New this reporting periodSuper Micro delivered support for NVIDIA's Blackwell and Blackwell Ultra generation platforms in both air-cooled and liquid-cooled configurations, including GB200 NVL72, GB300 NVL72, HGX B300, and HGX B200 systems 37. The company introduced support for AMD's Helios platform – a 72-GPU double-width rack-scale system powered by AMD Instinct MI455X GPUs and 6th Gen AMD EPYC CPUs – alongside AMD Instinct MI350 series GPUs (MI350X and MI355X) and Intel Xeon 6 and Xeon 6+ processors 37. Arm-based platforms were added to the portfolio in both air-cooled and liquid-cooled configurations for rack-scale agentic AI deployments, and AI-optimized storage solutions for large-scale training and inference workloads were broadened 37.
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Price & Chart#
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Share-Price Drivers#
Factors the company itself names as material for its business development (IR-based); reproduced neutrally, no price forecast and no assessment of our own.
AI/GPU server demand driving Server and storage systems revenue
Server and storage systems, the dominant revenue line, reached $21,311.6M in FY2025, up 50.2% year over year, reflecting adoption of GPU-optimized systems (27).
Server and storage systems, the dominant revenue line, reached $21,311.6M in FY2025, up 50.2% year over year, reflecting adoption of GPU-optimized systems (27).
Server and storage systems revenue growth
FY2025 revenue of $21,311.6M, up 50.2% year over year, the largest revenue line by type (27).
FY2025 revenue of $21,311.6M, up 50.2% year over year, the largest revenue line by type (27).
NVIDIA Blackwell/Blackwell Ultra platform ramp (GB300, GB200, HGX B300/B200)
GB300 NVL72, GB200 NVL72, and HGX B300/B200 systems launched in air- and liquid-cooled configurations in FY2026, with Vera Rubin platform support planned (37).
GB300 NVL72, GB200 NVL72, and HGX B300/B200 systems launched in air- and liquid-cooled configurations in FY2026, with Vera Rubin platform support planned (37).
Direct liquid cooling (DLC-2) and Data Center Building Block Solutions (DCBBS)
DLC-2 deployment and DCBBS architecture expansion in FY2026, including liquid-cooled GB300, B300 and AMD 355X LC solutions (37, 28).
DLC-2 deployment and DCBBS architecture expansion in FY2026, including liquid-cooled GB300, B300 and AMD 355X LC solutions (37, 28).
International revenue expansion (Asia and Europe)
FY2025 Asia revenue $5,494.1M (+88.6%) and Europe $2,727.0M (+110.7%) grew faster than the United States at $13,052.6M (+28.1%) (27).
FY2025 Asia revenue $5,494.1M (+88.6%) and Europe $2,727.0M (+110.7%) grew faster than the United States at $13,052.6M (+28.1%) (27).
Manufacturing capacity expansion (Malaysia, Silicon Valley)
Malaysia manufacturing facility expansion under way since 2023, plus Silicon Valley facility expansion (27, 17).
Malaysia manufacturing facility expansion under way since 2023, plus Silicon Valley facility expansion (27, 17).
Multi-vendor silicon support (NVIDIA, Intel Xeon 6, AMD EPYC/Instinct MI350, Arm)
FY2026 support added for Intel Xeon 6/6+, AMD EPYC with Instinct MI350 (MI350X/MI355X) and AMD Helios, plus Arm-based ORv3-compliant platforms (37).
FY2026 support added for Intel Xeon 6/6+, AMD EPYC with Instinct MI350 (MI350X/MI355X) and AMD Helios, plus Arm-based ORv3-compliant platforms (37).
Subsystems and accessories revenue
FY2025 subsystems and accessories revenue of $660.4M declined 17.9% year over year (27).
FY2025 subsystems and accessories revenue of $660.4M declined 17.9% year over year (27).
Operating profitability recovery
Operating income rose from $182.3M in 2026-Q1 to $1,488.1M in 2026-Q4, with the latest change flag marking profitability as improving (136).
Operating income rose from $182.3M in 2026-Q1 to $1,488.1M in 2026-Q4, with the latest change flag marking profitability as improving (136).
Sector trend: Demand KPIs for AI-optimized server and storage systems are rising, led by GPU platform transitions to NVIDIA Blackwell/GB300 and liquid-cooled rack-scale deployments (37, 27). Quarterly operating income turned sharply higher into 2026-Q4, with the latest change flags showing accelerating growth and improving profitability (136).
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Event Timeline#
This timeline collects the material events from the original reports: guidance changes, revenue and margin signals, strategy shifts, product and M&A announcements. Events are grouped by quarter (most recent first); the grey tag before each event names the event type, the date is the publication date of the source. Management quotes open the quarter block as direct quotes. Per quarter we show the three most defining events; more can be expanded per quarter, older years are collapsed. Every event carries its source as a superscript, clickable number.
Overview: one dot per event · click jumps to the period
2026 · 25 events
FY2026 · Jul 2025 – Jun 2026
„Our Total AI/IT Solutions strategy continues to deliver strong results, we added several hundred enterprise and other customers in the past year, generated more than $60 billion in new orders, and booked record backlog entering fiscal 2027. As demand accelerates, we are improving profitability through a richer enterprise customer mix and broader adoption of our optimized Data Center Building Block Solutions® (DCBBS) architecture. Combined with continued investment in technology leadership, manufacturing scale, and global compliance, we are enabling customers to deploy AI infrastructure faster and more efficiently.“ – Charles Liang, Founder, President and CEO 36
Strategic pivot 2026-08-31
Expanded transformation into total data center infrastructure provider through Data Center Building Block Solutions (DCBBS), scaling to more than ten key subsystems including coolant distribution units, power shelves, battery backup units, high-speed switching, and data center management software 37
Expanded transformation into total data center infrastructure provider through Data Center Building Block Solutions (DCBBS), scaling to more than ten key subsystems including coolant distribution units, power shelves, battery backup units, high-speed switching, and data center management software 37
Net income turned positive ◦ 2026-08-11
Net income increased to $2,230.5M in FY2026 from $1,048.9M in FY2025, with diluted EPS of $3.26 36, 37
Net income increased to $2,230.5M in FY2026 from $1,048.9M in FY2025, with diluted EPS of $3.26 36, 37
Revenue accelerating ◦ 2026-08-11
Full-year net sales increased 77.8% to $39.1B from $22.0B in FY2025, driven by strong demand for Hyper Servers and GPU & Super Racks, particularly GB200 and GB300 systems 36, 37
Full-year net sales increased 77.8% to $39.1B from $22.0B in FY2025, driven by strong demand for Hyper Servers and GPU & Super Racks, particularly GB200 and GB300 systems 36, 37
Operating income doubled 2026-08-11
Operating income more than doubled YoY (1,253.0 to 2,770.5 USDm, +121%). 36
Operating income more than doubled YoY (1,253.0 to 2,770.5 USDm, +121%). 36
2026-Q4 · Apr – Jun 2026
Net debt to net cash 2026-08-31
Financing activities of $9,478.8M including equity offerings of $5,638.6M and $3,948.3M from lines of credit and term loans in Q4 FY2026 shifted the balance sheet from net debt of $3,369.0M at March 31, 2026 to net cash of $2,857.3M at June 30, 2026 37
Financing activities of $9,478.8M including equity offerings of $5,638.6M and $3,948.3M from lines of credit and term loans in Q4 FY2026 shifted the balance sheet from net debt of $3,369.0M at March 31, 2026 to net cash of $2,857.3M at June 30, 2026 37
Operating income doubled 2026-08-11
Operating income more than doubled YoY (228.4 to 1,488.1 USDm, +552%). 136
Operating income more than doubled YoY (228.4 to 1,488.1 USDm, +552%). 136
2026-Q3 · Jan – Mar 2026
„Supermicro's transformation into a total datacenter infrastructure provider is accelerating. Our margin recovery and the rapid growth of our DCBBS business demonstrate that our business remains robust. With the addition of our new US manufacturing facilities in Silicon Valley, we are exceptionally well-positioned to meet the massive demand for various AI and enterprise verticals.“ – Charles Liang, Founder, President and CEO 33
revenue 2026-05-11
Net sales increased 122.7% year-over-year to $10.2B in Q3 2026, driven by data center deployment orders and large design wins; AI GPU related product sales increased 150.5% year-over-year 34
Net sales increased 122.7% year-over-year to $10.2B in Q3 2026, driven by data center deployment orders and large design wins; AI GPU related product sales increased 150.5% year-over-year 34
earnings 2026-05-05
Net income increased 343% to $483M in Q3 2026 from $109M in Q3 2025, primarily due to higher net sales 33
Net income increased 343% to $483M in Q3 2026 from $109M in Q3 2025, primarily due to higher net sales 33
Operating income doubled 2026-05-05
Operating income more than doubled YoY (146.8 to 625.9 USDm, +326%). 33
Operating income more than doubled YoY (146.8 to 625.9 USDm, +326%). 33
2026-Q2 · Oct – Dec 2025
„With our leading AI server and storage technology foundation, strong customer engagements, and expanding global manufacturing footprint, we are scaling rapidly to support large AI and enterprise deployments while continuing to strengthen our operational and financial execution. Our DCBBS, Data Center Building Block Solutions, enable customers to scale faster, greener, and at lower cost, Supermicro is well positioned to capture the next wave of AI and IT infrastructure demand.“ – Charles Liang, Founder, President and CEO 31
Revenue accelerating 2026-02-06
Net sales increased 123.4% to $12,682.5M in Q2 2026 from $5.7B in Q2 2025, primarily driven by AI GPU datacenter deployment orders including a large design win 32
Net sales increased 123.4% to $12,682.5M in Q2 2026 from $5.7B in Q2 2025, primarily driven by AI GPU datacenter deployment orders including a large design win 32
Margin compressing 2026-02-06
Gross margin declined to 6.3% from 11.8% in Q2 2025, due to competitive pricing strategy, product mix changes, and increased tariff expenses of $142.0M in the quarter 32
Gross margin declined to 6.3% from 11.8% in Q2 2025, due to competitive pricing strategy, product mix changes, and increased tariff expenses of $142.0M in the quarter 32
Guidance raised 2026-02-03
FY2026 net sales guidance raised to at least $40.0B from the prior at-least-$36B level; Q3'26 net sales guidance set at at least $12.3B 31
FY2026 net sales guidance raised to at least $40.0B from the prior at-least-$36B level; Q3'26 net sales guidance set at at least $12.3B 31
2026-Q1 · Jul – Sep 2025
„Supermicro is seeing outstanding levels of customer engagements for newly released AI liquid cooled solutions along with numerous key customers ramping large, multi-quarter, volume deployments. We see customer demand accelerating, and we are gaining AI share, reiterating revenue of at least $33B for FY 2026 with the expectation of delivering more.“ – Charles Liang, President and CEO 28
„Powered by DCBBS, Supermicro is expanding/transforming into a leading AI and datacenter infrastructure company, delivering total solutions that simplify deployment, accelerate time-to-market, and reduce TCO. With a rapidly expanding order book, including more than $13B in Blackwell Ultra orders, we expect at least $36 billion in revenue for fiscal year 2026.“ – Charles Liang, Founder, President and CEO 29
Revenue decelerating 2025-11-07
Net sales declined 15.5% to $5,017.8M from $5,937.3M in Q1 2025, primarily due to large customer orders received only in late September that prevented GPU and SuperRack products from shipping within the quarter 30
Net sales declined 15.5% to $5,017.8M from $5,937.3M in Q1 2025, primarily due to large customer orders received only in late September that prevented GPU and SuperRack products from shipping within the quarter 30
Margin compressing 2025-11-07
Gross margin declined to 9.3% from 13.1% in Q1 2025, primarily due to competitive pricing strategy to gain market share, changes in product and customer mix, and higher manufacturing expenses 30
Gross margin declined to 9.3% from 13.1% in Q1 2025, primarily due to competitive pricing strategy to gain market share, changes in product and customer mix, and higher manufacturing expenses 30
Guidance initiated 2025-11-04
Full-year FY2026 net sales guidance initiated at at least $36B, with order book including more than $13B in Blackwell Ultra orders 29
Full-year FY2026 net sales guidance initiated at at least $36B, with order book including more than $13B in Blackwell Ultra orders 29
Operating income halved 2025-11-04
Operating income more than halved YoY (509.2 to 182.3 USDm, -64%). 29
Operating income more than halved YoY (509.2 to 182.3 USDm, -64%). 29
2025 · 24 events
2025-Q4 · Apr – Jun 2025
„We made solid progress in FY25 by growing our AI solution leadership in Neoclouds, CSPs, Enterprises, and Sovereign entities, which fueled our 47% annual growth. I'm especially excited about our new Datacenter Building Block Solutions (DCBBS), which offer exceptional value to customers seeking faster datacenter deployment and time-to-online advantages. With support from our expanding global operations that help mitigate tariffs and regional costs, combined with a growing enterprise customer base, AI product innovations, and robust DCBBS-powered total solutions, we're on track to grow more large-scale datacenter customers from four in FY25 to six to eight in FY26.“ – Charles Liang, Founder, President and CEO 26
Net cash build 2026-08-11
Net cash position expanded to 524.7 USDm from 150.8 USDm in 2025-Q3 (+248%, derived from reported financial debt minus cash). 136
Net cash position expanded to 524.7 USDm from 150.8 USDm in 2025-Q3 (+248%, derived from reported financial debt minus cash). 136
revenue 2025-08-05
Full fiscal year 2025 net sales reached $22.0 billion versus $15.0 billion in fiscal year 2024, representing 47% annual growth 26
Full fiscal year 2025 net sales reached $22.0 billion versus $15.0 billion in fiscal year 2024, representing 47% annual growth 26
Guidance initiated 2025-08-05
FY2026 full-year net sales guidance initiated at at least $33.0 billion; Q1 FY2026 guidance of $6.0-7.0 billion 26
FY2026 full-year net sales guidance initiated at at least $33.0 billion; Q1 FY2026 guidance of $6.0-7.0 billion 26
New market 2025-08-05
Launched Datacenter Building Block Solutions (DCBBS) for integrated liquid-cooled AI factory deployment; management targets expansion from four large-scale datacenter customers in FY2025 to six to eight in FY2026 26
Launched Datacenter Building Block Solutions (DCBBS) for integrated liquid-cooled AI factory deployment; management targets expansion from four large-scale datacenter customers in FY2025 to six to eight in FY2026 26
2025-Q3 · Jan – Mar 2025
„We continue to make great progress with our DCBBS (Data Center Building Block Solution), DLC (Direct Liquid Cooled-2) and AI technology leadership, but some customers delayed making platform decisions in the quarter. We do expect many of those commitments to land in the June and September quarters, reinforcing my confidence in our ability to meet our long-term targets, however economic uncertainty and tariff impacts may have a short-term impact. We believe that we are well positioned in the long-term to capitalize on the growing market opportunity.“ – Charles Liang, Founder, President, and CEO 24
Operating income halved 2025-05-12
Operating income more than halved YoY (378.3 to 146.8 USDm, -61%). 25
Operating income more than halved YoY (378.3 to 146.8 USDm, -61%). 25
Margin compressing 2025-05-06
Gross margin compressed to 9.6% from 11.8% in Q2 2025, driven by competitive pricing, higher inventory reserves on older-generation products, and expedite costs for new product time-to-market 24
Gross margin compressed to 9.6% from 11.8% in Q2 2025, driven by competitive pricing, higher inventory reserves on older-generation products, and expedite costs for new product time-to-market 24
Guidance cut 2025-05-06
Full-year FY2025 revenue guidance cut to $21.8-22.6 billion from $23.5-25.0 billion range 24
Full-year FY2025 revenue guidance cut to $21.8-22.6 billion from $23.5-25.0 billion range 24
Strategic pivot 2025-05-06
All outstanding financial statements filed; company confirmed in compliance with all Nasdaq filing requirements 24
All outstanding financial statements filed; company confirmed in compliance with all Nasdaq filing requirements 24
2025-Q2 · Oct – Dec 2024
„With our leading direct-liquid cooling (DLC) technology and over 30% of new data centers expected to adopt it in the next 12 months, Supermicro is well positioned to grow AI infrastructure designs wins based on NVIDIA Blackwell and more. Combined with exceptional product quality, service, software, networking, and security with data center building blocks, Supermicro will expand our leadership as the premier US-based data center infrastructure solution provider. We anticipate this technology transition sets a strong foundation for us now, resulting in FY25 revenue in the range of $23.5 billion to $25 billion, paving the way for $40 billion revenue in FY26.“ – Charles Liang, Founder, President and CEO 19
Margin compressing 2025-02-25
Gross margin decreased from 15.4% to 11.8% in Q2 2025 due to competitive pricing strategy, increased competition, and product/customer mix changes 22
Gross margin decreased from 15.4% to 11.8% in Q2 2025 due to competitive pricing strategy, increased competition, and product/customer mix changes 22
Operating cash flow turned positive 2025-02-25
Operating cash flow turned positive on a half-year basis (2024-H2: -2,161.3 to 2025-H1: +169.1 USDm, aggregated from reported quarters where needed). 20
Operating cash flow turned positive on a half-year basis (2024-H2: -2,161.3 to 2025-H1: +169.1 USDm, aggregated from reported quarters where needed). 20
Guidance cut 2025-02-11
FY2025 full-year revenue guidance cut to $23.5-25.0 billion from prior range of $26.0-30.0 billion 19
FY2025 full-year revenue guidance cut to $23.5-25.0 billion from prior range of $26.0-30.0 billion 19
Strategic pivot 2025-02-11
Company received subpoenas from Department of Justice and SEC in late 2024 following short-seller report allegations from August 2024 19
Company received subpoenas from Department of Justice and SEC in late 2024 following short-seller report allegations from August 2024 19
2025-Q1 · Jul – Sep 2024
Revenue accelerating 2025-02-25
Net sales increased 180.1% to $5.9 billion in Q1 FY2025, driven by strong demand for GPU servers and high-performance computing solutions 21
Net sales increased 180.1% to $5.9 billion in Q1 FY2025, driven by strong demand for GPU servers and high-performance computing solutions 21
Margin compressing 2025-02-25
Gross margin declined to 13.1% from 16.7% due to competitive pricing strategy and product mix changes despite higher volumes 21
Gross margin declined to 13.1% from 16.7% due to competitive pricing strategy and product mix changes despite higher volumes 21
Operating income doubled 2025-02-25
Operating income more than doubled YoY (172.5 to 509.2 USDm, +195%). 20
Operating income more than doubled YoY (172.5 to 509.2 USDm, +195%). 20
Strategic pivot 2024-11-05
Independent Special Committee investigation found no evidence of fraud or misconduct; remedial governance measures recommended 18
Independent Special Committee investigation found no evidence of fraud or misconduct; remedial governance measures recommended 18
2024 · 19 events
2024-Q4 · Apr – Jun 2024
„Supermicro continues to experience record demand of new AI infrastructures propelling fiscal 2024 revenue up 110% year over year to $14.9 billion and non-GAAP earnings per share up 87% to $22.09. We are well positioned to become the largest IT infrastructure company, driven by our technology leadership including rack-scale DLC liquid cooling and business values of our new Datacenter Building Block Solutions. The investments in Malaysia and Silicon Valley expansions will further strengthen our supply chain, security, and economies of scale necessary for the growing AI revolution.“ – Charles Liang, President and CEO 17
Revenue decelerating 2025-05-06
Revenue growth decelerated to +145.1% YoY (prior period +200.0%). 126
Revenue growth decelerated to +145.1% YoY (prior period +200.0%). 126
Margin compressing 2024-08-06
Q4 FY2024 gross margin declined to 11.2% from 17.0% in Q4 FY2023, primarily due to product mix 17
Q4 FY2024 gross margin declined to 11.2% from 17.0% in Q4 FY2023, primarily due to product mix 17
Net cash to net debt 2024-08-06
FY2024 operating cash flow was negative $2.48 billion versus positive $663.6 million in FY2023, driven by working capital requirements; net balance sheet position moved from net cash to net debt of $27.9 million at fiscal year-end 17
FY2024 operating cash flow was negative $2.48 billion versus positive $663.6 million in FY2023, driven by working capital requirements; net balance sheet position moved from net cash to net debt of $27.9 million at fiscal year-end 17
Strategic pivot 2024-08-06
Board of Directors authorized a 10-for-1 forward stock split, with trading expected to commence on a split-adjusted basis on October 1, 2024 17
Board of Directors authorized a 10-for-1 forward stock split, with trading expected to commence on a split-adjusted basis on October 1, 2024 17
2024-Q3 · Jan – Mar 2024
„We had yet another record quarter with fiscal Q3 revenue of $3.85 billion with non-GAAP EPS of $6.65 per share. This year-over-year revenue growth of 200% and year-over-year non-GAAP EPS growth of 308% was well above our industry peers. Strong demand for AI rack scale PnP solutions, along with our team's ability to develop innovative DLC designs, enabled us to expand our market leadership in AI infrastructure. As new solutions ramp, including fully production ready DLC, we expect to continue gaining market share. As such, we are raising our fiscal year 2024 revenue outlook from $14.3 to $14.7 billion to a new range of $14.7 to $15.1 billion.“ – Charles Liang, President and CEO 15
Margin compressing 2024-05-06
Gross margin declined to 15.5% in Q3 2024 from 17.6% in Q3 2023 due to competitive pricing to win new design wins and product mix changes 16
Gross margin declined to 15.5% in Q3 2024 from 17.6% in Q3 2023 due to competitive pricing to win new design wins and product mix changes 16
Operating income doubled 2024-05-06
Operating income more than doubled YoY (99.1 to 378.3 USDm, +282%). 16
Operating income more than doubled YoY (99.1 to 378.3 USDm, +282%). 16
Net cash build 2024-05-06
Net cash position expanded to 1,948.3 USDm from 350.0 USDm in 2024-Q2 (+457%, derived from reported financial debt minus cash). 16
Net cash position expanded to 1,948.3 USDm from 350.0 USDm in 2024-Q2 (+457%, derived from reported financial debt minus cash). 16
Revenue accelerating 2024-04-30
Net sales increased 200% year-over-year to $3.85 billion, driven by strong demand for GPU servers, HPC, and rack-scale solutions 15
Net sales increased 200% year-over-year to $3.85 billion, driven by strong demand for GPU servers, HPC, and rack-scale solutions 15
Guidance raised 2024-04-30
Full-year fiscal 2024 revenue guidance raised to $14.7-15.1 billion from prior guidance of $14.3-14.7 billion 15
Full-year fiscal 2024 revenue guidance raised to $14.7-15.1 billion from prior guidance of $14.3-14.7 billion 15
2024-Q2 · Oct – Dec 2023
„We continued to demonstrate our market leadership in fiscal Q2 2024, reporting record revenue results of $3.66B, year-over-year growth of 103%. While we continue to win new partners, our current end customers continue to demand more Supermicro's optimized AI computer platforms and rack-scale Total IT Solutions. As our innovative solutions continue to gain market share, we are raising our fiscal year 2024 revenue outlook to $14.3 billion to $14.7 billion.“ – Charles Liang, President and CEO 13
Revenue accelerating 2024-01-29
Record net sales of $3.66 billion in Q2 FY2024, representing 103% year-over-year growth, driven by strong demand for AI and Total IT Solutions 13
Record net sales of $3.66 billion in Q2 FY2024, representing 103% year-over-year growth, driven by strong demand for AI and Total IT Solutions 13
Margin compressing 2024-01-29
Gross margin declined to 15.4% from 18.7% in the prior year quarter due to product and customer mix, partially offset by manufacturing efficiency 13
Gross margin declined to 15.4% from 18.7% in the prior year quarter due to product and customer mix, partially offset by manufacturing efficiency 13
Guidance raised 2024-01-29
Full-year fiscal 2024 revenue guidance raised to $14.3-14.7 billion from prior guidance of $10.0-11.0 billion 13
Full-year fiscal 2024 revenue guidance raised to $14.3-14.7 billion from prior guidance of $10.0-11.0 billion 13
2024-Q1 · Jul – Sep 2023
„I am pleased to announce that we are off to a good start to fiscal 2024, achieving first quarter revenue of $2.12B. Our teams executed with passion and precision despite the ongoing GPU supply constraints. We are working diligently to meet these challenges and given my confidence in my team and the strong demand we are seeing for AI infrastructure and compelling new and upcoming compute and storage products we are now raising our fiscal year 2024 outlook to $10B - $11B in revenue.“ – Charles Liang, President and CEO 10
„The key to success in technology is designing a company around people committed to work that they love“ – Charles Liang, Founder, President, Chief Executive Officer, and Chairman of the Board 9
revenue 2023-11-03
Net sales increased 14.4% year-over-year to $2,119.7 million, driven by strong demand for GPU, HPC, and rack-scale solutions with higher average selling prices 11
Net sales increased 14.4% year-over-year to $2,119.7 million, driven by strong demand for GPU, HPC, and rack-scale solutions with higher average selling prices 11
Margin compressing 2023-11-03
Gross margin declined to 16.7% from 18.8% year-over-year due to product and customer mix, partially offset by improved freight costs and overhead capitalization 11
Gross margin declined to 16.7% from 18.8% year-over-year due to product and customer mix, partially offset by improved freight costs and overhead capitalization 11
Guidance raised 2023-11-01
Full-year FY2024 revenue guidance raised to $10.0-11.0 billion following Q1 results 10
Full-year FY2024 revenue guidance raised to $10.0-11.0 billion following Q1 results 10
Margin expanding 2023-08-28
Full-year gross margin expanded to 18.0% from 15.4% in FY2022, driven by favorable product and customer mix and decreased logistics costs 9
Full-year gross margin expanded to 18.0% from 15.4% in FY2022, driven by favorable product and customer mix and decreased logistics costs 9
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Key Figures ($m)#
The company's core financial figures in three views, one below the other: fiscal years (as reported; after restatements the table shows the most recent filing version, marked), half-years (6-month basis, H2 = second half on its own) and quarters (3-month basis, not cumulative). Each row is one period, most recent first. Values with a dotted underline are clickable and show the raw value, the exact source location, the scale evidence and the source; derived values additionally show their formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.
All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.
Revenue ($m) · annual basis, as reported
Net income ($m) · annual basis, as reported
EPS ($) · annual basis, as reported
Operating cash flow ($m) · annual basis, as reported
Revenue ($m) · quarterly basis, as reported
Net income ($m) · quarterly basis, as reported
EPS ($) · quarterly basis, as reported
Operating cash flow ($m) · quarterly basis, as reported
Cash ($m) · annual basis, as reported
Debt ($m) · annual basis, as reported
Net Debt ($m) · annual basis, as reported
Capex ($m) · annual basis, as reported
FCF ($m) · annual basis, as reported
D&A ($m) · annual basis, as reported
Cash ($m) · quarterly basis, as reported
Debt ($m) · quarterly basis, as reported
Net Debt ($m) · quarterly basis, as reported
Capex ($m) · quarterly basis, as reported
FCF ($m) · quarterly basis, as reported
D&A ($m) · quarterly basis, as reported
Shown: the most recent fiscal years. Full history since FY2016 is on record.
Fiscal years
Amounts in $m · EPS in $ per share · as reported
| Period | Calendar quarter | Revenue | Op. income | Op. income (adj.) | Net income | EPS ($) | EPS adj. ($) | EBITDA (adj.) | OCF | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| FY2026 | Q3/2025–Q2/2026 | 39,063.1 | 2,770.5 | – | 2,230.5 | 3.26 | – | 3,447.14 | -6,809.9 | 36 |
| FY2025 | Q3/2024–Q2/2025 | 21,972 | 1,253 | – | 1,048.9 | 1.68 | 2.07 | – | 1,659.5 | 27 |
| FY2024 | Q3/2023–Q2/2024 | 14,989.3 | 1,210.8 | 1,493.9 | 1,152.7 | 1.92 | – | – | -2,486 | 20 |
Quarters
Amounts in $m · EPS in $ per share · Net Debt/EBITDA as a multiple · as reported
| Period | Calendar quarter | Published | Revenue | Op. income | Op. income (adj.) | Net income | EPS ($) | EPS adj. ($) | EBITDA (adj.) | FCF | Cash | Net Debt | Net Debt/EBITDA (x) | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-Q4* | Q2/2026 | 2026-08-11 | 11,119.8 | 1,488.1 | – | 1,178.2 | 1.62 | – | 1,669.4 | 718.7 | 7,521.5 | -2,857.3 | – | 136 |
| 2026-Q3* | Q1/2026 | 2026-05-05 | 10,243 | 625.9 | – | 483.4 | 0.72 | – | 814.3 | -6,695.7 | 1,290.3 | 3,369 | 2.2x (LTM) | 33 |
| 2026-Q2* | Q4/2025 | 2026-02-03 | 12,682.5 | 474.3 | – | 400.6 | 0.60 | 0.68 | 628.6 | -45.1 | 4,091.1 | 563.5 | 0.5x (LTM) | 131 |
| 2026-Q1* | Q3/2025 | 2025-11-04 | 5,017.8 | 182.3 | – | 168.3 | 0.26 | 0.36 | 334.9 | -949.8 | 4,196.9 | 453 | 0.5x (LTM) | 29 |
| 2025-Q4* | Q2/2025 | 2026-08-11 | 5,756.9 | 228.4 | – | 195.2 | 0.31 | 0.42 | 332.2 | 840.9 | 5,169.9 | -524.7 | – | 136 |
| 2025-Q3* | Q1/2025 | 2025-05-12 | 4,599.9 | 146.8 | – | 108.8 | 0.17 | 0.31 | 253.9 | 594.1 | 2,536.1 | -150.8 | – | 25 |
| 2025-Q2* | Q4/2024 | 2025-02-25 | 5,678 | 368.6 | – | 320.6 | 0.51 | 0.60 | 475.4 | -267.3 | 1,430 | 270.6 | 0.2x (LTM) | 20 |
| 2025-Q1* | Q3/2024 | 2025-02-25 | 5,937.3 | 509.2 | – | 424.3 | 0.67 | 0.74 | 589.8 | 364.6 | 2,088.7 | -389.5 | – | 20 |
| 2024-Q4* | Q2/2024 | 2025-05-06 | 5,354.6 | 288.5 | 415.1 | 297.2 | 0.46 | – | 387.2 | -661.8 | 1,669.8 | 27.9 | 0x (LTM) | 24 |
| 2024-Q3* | Q1/2024 | 2024-05-06 | 3,850.1 | 378.3 | 434.4 | 402.5 | 0.66 | 0.67 | 454.7 | -1,606.5 | 2,115.5 | -1,948.3 | – | 16 |
| 2024-Q2* | Q4/2023 | 2024-02-02 | 3,664.9 | 371.5 | 414.5 | 296 | 0.51 | 0.57 | 418.1 | -609.8 | 725.7 | -350 | – | 14 |
| 2024-Q1* | Q3/2023 | 2023-11-01 | 2,119.7 | 172.5 | 229.9 | 157 | 0.30 | 0.35 | 245.5 | 267.8 | 543.2 | -396.9 | – | 10 |
* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.
EPS/EPS adj. before 2023-08-08 split-adjusted (÷10; stock split detected via implied diluted share count).
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Balance Sheet & Cash Flow ($m)#
Point-in-time balance sheet items (e.g. cash, financial debt) and cash flow items (operating cash flow, investments/capex) per fiscal year, half-year and quarter. Balance sheet values are as of the period end, flow items cover the period. Derived values are marked and are calculated, for example, as: net debt = financial debt − cash; free cash flow = operating cash flow − capex; the click popover shows formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.
Fiscal years
Amounts in $m · as reported
| Period | Calendar quarter | Published | Cash | Debt | Net Debt | D&A | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| FY2026 | Q3/2025–Q2/2026 | 2026-08-11 | 7,521.5 | 4,664.1 | -2,857.3 | 53 | -6,809.9 | 162 | -6,971.9 | 36 |
| FY2025 | Q3/2024–Q2/2025 | 2025-08-28 | 5,169.9 | 4,645.2 | -524.7 | 41 | 1,659.5 | 127.2 | 1,532.3 | 27 |
| FY2024 | Q3/2023–Q2/2024 | 2025-02-25 | 1,669.8 | 1,697.7 | 27.9 | 30.1 | -2,486 | 124.3 | -2,610.3 | 20 |
Quarters
Amounts in $m · as reported
| Period | Calendar quarter | Published | Cash | Debt | Net Debt | D&A | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-Q4 | Q2/2026 | 2026-08-11 | 7,521.5 | 4,664.1 | -2,857.3 | 14.7 | 747 | 28.2 | 718.7 | 136 |
| 2026-Q3 | Q1/2026 | 2026-05-05 | 1,290.3 | 4,659.4 | 3,369 | 13.5 | -6,615.4 | 80.3 | -6,695.7 | 33 |
| 2026-Q2 | Q4/2025 | 2026-02-03 | 4,091.1 | 4,654.6 | 563.5 | 12.8 | -23.9 | 21.2 | -45.1 | 131 |
| 2026-Q1 | Q3/2025 | 2025-11-04 | 4,196.9 | 4,649.9 | 453 | 12.1 | -917.5 | 32.3 | -949.8 | 29 |
| 2025-Q4 | Q2/2025 | 2026-08-11 | 5,169.9 | 4,645.2 | -524.7 | 11.8 | 863.6 | 22.7 | 840.9 | 136 |
| 2025-Q3 | Q1/2025 | 2025-05-12 | 2,536.1 | 2,385.3 | -150.8 | 10.9 | 626.8 | 32.7 | 594.1 | 25 |
| 2025-Q2 | Q4/2024 | 2025-02-25 | 1,430 | 1,700.6 | 270.6 | 9.5 | -239.8 | 27.5 | -267.3 | 20 |
| 2025-Q1 | Q3/2024 | 2025-02-25 | 2,088.7 | 1,699.2 | -389.5 | 9 | 408.9 | 44.3 | 364.6 | 20 |
| 2024-Q4 | Q2/2024 | 2025-05-06 | 1,669.8 | 1,697.7 | 27.9 | 8.2 | -647.8 | 14 | -661.8 | 24 |
| 2024-Q3 | Q1/2024 | 2024-05-06 | 2,115.5 | 167.2 | -1,948.3 | 7.6 | -1,513.5 | 92.9 | -1,606.5 | 16 |
| 2024-Q2 | Q4/2023 | 2024-02-02 | 725.7 | 375.6 | -350 | 7.3 | -595.1 | 14.7 | -609.8 | 14 |
| 2024-Q1 | Q3/2023 | 2023-11-01 | 543.2 | 146.2 | -396.9 | 7 | 270.5 | 2.6 | 267.8 | 10 |
Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.
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Revenue by Type (as of 2026-Q4 · USDm · 6/6)#
Revenue split by segment or product type, exactly as the company itself reports it. The basis is stated next to each value (3, 6 or 12 months); segment totals can deviate from group revenue (reconciliation/consolidation items). If the company changes its segment structure, older structures are kept in the expandable part. Rows in grey are no longer reported separately by the company; they show the last available figures and are never extrapolated.
| Segment | Since | Period | Basis | Revenue | Growth | Source |
|---|---|---|---|---|---|---|
| Server and storage systems | 2023-Q3 | FY2025 | 12M | 21,311.6 | 50.2% | 27 |
| United States | 2023-Q3 | FY2025 | 12M? | 13,052.6 | 28.1% | 27 |
| Asia | 2023-Q3 | FY2025 | 12M | 5,494.1 | 88.6% | 27 |
| Europe | 2023-Q3 | FY2025 | 12M | 2,727 | 110.7% | 27 |
| Others | 2023-Q3 | FY2025 | 12M | 698.3 | 17.3% | 27 |
| Subsystems and accessories | 2023-Q3 | FY2025 | 12M | 660.4 | -17.9% | 27 |
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Products & M&A (27/43 active+recent)#
Product announcements from the reports; market launches, approvals, partnerships; with first mention (date) and source. “Active/current” means: still mentioned in the most recent reports; what the company no longer mentions moves to the expandable part but is never deleted. Rows in grey are discontinued products.
| Product/Line | Since | Status | Source |
|---|---|---|---|
| New US manufacturing facilities in Silicon Valley | 2026-05 | Launched | 33 |
| Nvidia B300 liquid-cooled solutions (3×) | 2026-03 | Launched | 28 |
| Blackwell Ultra orders | 2026-03 | Launched | 29 |
| AMD 355X LC liquid-cooled solutions | 2026-03 | Launched | 28 |
| NVIDIA Vera Rubin platform support and NVIDIA Vera Rubin NVL72 and NVIDIA HGX Rubin NVL8 systems | 2026 | Launched | 37 |
| NVIDIA GB300 NVL72, GB200 NVL72, and HGX B300 and B200 systems in air-cooled and liquid-cooled configurations | 2026 | Launched | 37 |
| NVIDIA Blackwell and Blackwell Ultra generation platform support | 2026 | Launched | 37 |
| Liquid-cooled servers | 2026 | Launched | 37 |
| Intel Xeon 6 and Intel Xeon 6+ processors support (2×) | 2026 | Launched | 27 |
| Hyper Servers | 2026 | Launched | 37 |
| GB300 systems | 2026 | Launched | 37 |
| GB200 systems | 2026 | Launched | 37 |
| Edge and internet of things portfolio expansion | 2026 | Launched | 37 |
| DLC-2 Direct Liquid Cooling solution (2×) | 2026 | Launched | 27 |
| DCBBS Blueprints for NVIDIA Vera Rubin platforms | 2026 | Launched | 37 |
| Arm-based platforms and additional Open Compute Project ORv3-compliant systems | 2026 | Launched | 37 |
| Arm AGI CPUs support with air-cooled dual-socket 2U and 5U GPU-optimized rackmount servers | 2026 | Launched | 37 |
| Arm AGI CPUs liquid-cooled multi-node solution for rack-scale agentic AI deployments | 2026 | Launched | 37 |
| AMD Helios platform support with 72-GPU double-width rack-scale system | 2026 | Launched | 37 |
| AMD EPYC processors and AMD Instinct MI350 series GPUs (MI350X and MI355X) support | 2026 | Launched | 37 |
| Datacenter Building Block Solutions (DCBBS) (4x) | 2025-09 | Launched | 27 |
| DLC (Direct Liquid Cooled-2) technology advancement | 2025-09 | Launched | 24 |
| NVIDIA Hopper and Blackwell compatible products | 2025 | Launched | 27 |
| H200 systems | 2025 | Launched | 37 |
| H100 systems | 2025 | Launched | 37 |
| B200 systems | 2025 | Launched | 37 |
| AI-optimized storage solution for training workloads (3x) | 2024 | Launched | 27 |
| GPU servers, HPC, and rack-scale solutions with liquid cooling adoption | 2024-09 | Launched | 16 |
| Forward stock split 10-for-1 | 2024-09 | Launched | 20 |
| Master Colocation Service Agreement (MCSA) data center space lease | 2024-06 | Launched | 27 |
| New edge and IoT systems for low-powered environments | 2024 | Launched | 20 |
| Expanded liquid cooling solutions including external cooling towers and more powerful CDUs | 2024 | Launched | 20 |
| AI portfolio supporting NVIDIA Hopper (H100/H200) and Blackwell (GB200/B200) platforms | 2024 | Launched | 20 |
| 100+ products supporting Intel 5th Gen Xeon and Intel Xeon 6 processors | 2024 | Launched | 20 |
| AMD Genoa data center CPU product support | 2023-12 | Launched | 9 |
| New generation product lines transition | 2023-09 | Launched | 4 |
| New generation product lines for AI applications | 2023-09 | Launched | 5 |
| GPU clusters deployment | 2023-09 | Launched | 5 |
| High-density petascale all-flash NVMe server family with EDSFF form factor | 2023-03 | Launched | 9 |
| GPU systems portfolio supporting NVIDIA H100 GPUs | 2023-03 | Launched | 9 |
| HSBC Taiwan facility letter | 2023-02 | Launched | 6 |
| Sapphire Rapids data center CPU portfolio | 2023 | Launched | 9 |
| E.SUN Bank credit facility | 2022-08 | Launched | 6 |
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M&A (10)#
All recorded acquisitions (purchases) and divestitures/exits with date, short description and source; deliberately including smaller transactions that summaries often miss. Purchase prices appear only where the company itself has disclosed them. Rows in grey are cancelled transactions; the cancellation date is shown in the row.
Acquisitions · 9Divestitures/exits · 1
Acquisitions
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| Issuance of $700M 2.25% Convertible Senior Notes due 2028 | 2025-02 | Completed | 19 |
| Amendment of existing Convertible Senior Notes due 2029 | 2025-02 | Completed | 19 |
| Master Colocation Services Agreement for 21 MW data center in Vernon, California | 2024-06 | Announced | 20 |
| 2028 Convertible Notes Issuance (2x) | 2024-02 | Completed | 21 |
| San Jose real estate acquisition (2x) | 2024-01 | Completed | 16 |
| Common Stock Public Offering | 2023-12 | Completed | 20 |
| Leadtek investment by Ablecom and Compuware (2x) | 2023-10 | Completed | 27 |
| Malaysia manufacturing facility expansion (3x) | 2023-01 | Completed | 27 |
| Malaysia land acquisition | 2023-01 | Completed | 14 |
Divestitures / exits
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| Corporate Venture divestiture | 2026 | Divested | 37 |
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Reported KPIs (as disclosed) (280)#
Figures the company discloses itself in addition to the standard financials; order intake, recurring revenue, user or unit counts, adjusted measures. These “story KPIs” usually slip through standard databases; here they are collected as reported, with no calculation of our own. Important: the definition comes from the company itself and can differ from firm to firm; period and source are stated next to every value.
Company-specific KPIs verbatim from the filings (English, as disclosed; not normalised). Balance-sheet and boilerplate items filtered.
| Date | Period | KPI | Value / change | Source |
|---|---|---|---|---|
| 2026-08-31 | FY2026 | Operating expenses growth | 23.8% | 37 |
| 2026-08-31 | FY2026 | Net sales growth | 77.8% | 37 |
| 2026-08-31 | FY2026 | Gross margin FY2026 | 10.8% | 37 |
| 2026-08-31 | FY2026 | Gross margin FY2025 | 11.1% | 37 |
| 2026-08-31 | FY2026 | Cash and cash equivalents held in foreign locations | $870.5 | 37 |
| 2026-08-31 | FY2026 | Cash and cash equivalents | $7,521.5 | 37 |
| 2026-08-11 | FY2026 | Total stockholders' equity | $14,479,616 | 36 |
| 2026-08-11 | FY2026 | Total liabilities | $15,465,851 | 36 |
| 2026-08-11 | FY2026 | Total current liabilities | $7,160,106 | 36 |
| 2026-08-11 | FY2026 | Total current assets | $27,726,252 | 36 |
| 2026-08-11 | FY2026 | Total assets | $29,945,467 | 36 |
| 2026-08-11 | FY2026 | Order backlog | record backlog entering fiscal 2027 | 36 |
| 2026-08-11 | FY2026 | New orders | more than $60 billion | 36 |
| 2026-08-11 | FY2026 | Lines of credit and term loans, current | $2,039,774 | 36 |
| 2026-08-11 | FY2026 | convertible notes | $4,664,139 | 36 |
| 2026-08-11 | FY2026 | cash flow from operations | (6,809,886) | 36 |
| 2026-08-11 | FY2026 | cash and cash equivalents | $7,521,474 | 36 |
| 2026-07-21 | 2026-Q4 | Backlog | record levels | 35 |
| 2026-05-11 | 2026-Q3 | Total operating expenses - Three Months Ended March 31, 2026 | $392.8 million | 34 |
| 2026-05-11 | 2026-Q3 | Total operating expenses - Three Months Ended March 31, 2025 | $293.4 million | 34 |
| 2026-05-11 | 2026-Q3 | Total operating expenses - Nine Months Ended March 31, 2026 | $1,002.2 million | 34 |
| 2026-05-11 | 2026-Q3 | Total operating expenses - Nine Months Ended March 31, 2025 | $861.2 million | 34 |
| 2026-05-11 | 2026-Q3 | Stock-based compensation expense | $305.6 million | 34 |
| 2026-05-11 | 2026-Q3 | Sales and marketing - Three Months Ended March 31, 2026 | $89.5 million | 34 |
| 2026-05-11 | 2026-Q3 | Sales and marketing - Three Months Ended March 31, 2025 | $60.0 million | 34 |
| 2026-05-11 | 2026-Q3 | Sales and marketing - Nine Months Ended March 31, 2026 | $210.5 million | 34 |
| 2026-05-11 | 2026-Q3 | Sales and marketing - Nine Months Ended March 31, 2025 | $208.4 million | 34 |
| 2026-05-11 | 2026-Q3 | Research and development - Three Months Ended March 31, 2026 | $215.7 million | 34 |
| 2026-05-11 | 2026-Q3 | Research and development - Three Months Ended March 31, 2025 | $162.9 million | 34 |
| 2026-05-11 | 2026-Q3 | Research and development - Nine Months Ended March 31, 2026 | $569.7 million | 34 |
| 2026-05-11 | 2026-Q3 | Research and development - Nine Months Ended March 31, 2025 | $453.3 million | 34 |
| 2026-05-11 | 2026-Q3 | Purchases of property, plant, and equipment | $133.8 million | 34 |
| 2026-05-11 | 2026-Q3 | Payment for withholding taxes related to settlement of equity awards | $102.4 million | 34 |
| 2026-05-11 | 2026-Q3 | Outstanding principal indebtedness under credit facilities | $4,113.7 million | 34 |
| 2026-05-11 | 2026-Q3 | Other income (expense), net - Three Months Ended March 31, 2026 | $4.2 million | 34 |
| 2026-05-11 | 2026-Q3 | Other income (expense), net - Three Months Ended March 31, 2025 | $(33.0) million | 34 |
| 2026-05-11 | 2026-Q3 | Other income (expense), net - Nine Months Ended March 31, 2026 | $4.3 million | 34 |
| 2026-05-11 | 2026-Q3 | Other income (expense), net - Nine Months Ended March 31, 2025 | $(29.5) million | 34 |
| 2026-05-11 | 2026-Q3 | Net sales - Three Months Ended March 31, 2026 | $10,243.0 million | 34 |
| 2026-05-11 | 2026-Q3 | Net sales - Three Months Ended March 31, 2025 | $4,599.9 million | 34 |
| 2026-05-11 | 2026-Q3 | Net sales - Nine Months Ended March 31, 2026 | $27,943.3 million | 34 |
| 2026-05-11 | 2026-Q3 | Net sales - Nine Months Ended March 31, 2025 | $16,215.1 million | 34 |
| 2026-05-11 | 2026-Q3 | Net proceeds from lines of credit and term loans | $4,010.2 million | 34 |
| 2026-05-11 | 2026-Q3 | Net increase in cash, cash equivalents and restricted cash - Nine Months Ended March 31, 2025 | $866.8 million | 34 |
| 2026-05-11 | 2026-Q3 | Net decrease in cash, cash equivalents and restricted cash - Nine Months Ended March 31, 2026 | $(3,832.4) million | 34 |
| 2026-05-11 | 2026-Q3 | Net cash used in operating activities - Nine Months Ended March 31, 2026 | $(7,556.8) million | 34 |
| 2026-05-11 | 2026-Q3 | Net cash used in investing activities - Nine Months Ended March 31, 2026 | $(175.8) million | 34 |
| 2026-05-11 | 2026-Q3 | Net cash used in investing activities - Nine Months Ended March 31, 2025 | $(104.5) million | 34 |
| 2026-05-11 | 2026-Q3 | Net cash provided by operating activities - Nine Months Ended March 31, 2025 | $795.9 million | 34 |
| 2026-05-11 | 2026-Q3 | Net cash provided by financing activities - Nine Months Ended March 31, 2026 | $3,906.8 million | 34 |
| 2026-05-11 | 2026-Q3 | Net cash provided by financing activities - Nine Months Ended March 31, 2025 | $174.6 million | 34 |
| 2026-05-11 | 2026-Q3 | Long-term obligation - Operating leases | $345.4 million | 34 |
| 2026-05-11 | 2026-Q3 | Long-term obligation - Long-term debt | $2,018.7 million | 34 |
| 2026-05-11 | 2026-Q3 | Investments in equity securities | $42.0 million | 34 |
| 2026-05-11 | 2026-Q3 | Interest income - Three Months Ended March 31, 2026 | $45.4 million | 34 |
| 2026-05-11 | 2026-Q3 | Interest income - Three Months Ended March 31, 2025 | $14.7 million | 34 |
| 2026-05-11 | 2026-Q3 | Interest income - Nine Months Ended March 31, 2026 | $147.8 million | 34 |
| 2026-05-11 | 2026-Q3 | Interest income - Nine Months Ended March 31, 2025 | $31.4 million | 34 |
| 2026-05-11 | 2026-Q3 | Interest expense - Three Months Ended March 31, 2026 | $(64.5) million | 34 |
| 2026-05-11 | 2026-Q3 | Interest expense - Three Months Ended March 31, 2025 | $(13.4) million | 34 |
| 2026-05-11 | 2026-Q3 | Interest expense - Nine Months Ended March 31, 2026 | $(114.8) million | 34 |
| 2026-05-11 | 2026-Q3 | Interest expense - Nine Months Ended March 31, 2025 | $(37.3) million | 34 |
| 2026-05-11 | 2026-Q3 | Income from operations - Three Months Ended March 31, 2026 | $625.9 million | 34 |
| 2026-05-11 | 2026-Q3 | Income from operations - Three Months Ended March 31, 2025 | $146.8 million | 34 |
| 2026-05-11 | 2026-Q3 | Income from operations - Nine Months Ended March 31, 2026 | $1,282.4 million | 34 |
| 2026-05-11 | 2026-Q3 | Income from operations - Nine Months Ended March 31, 2025 | $1,024.6 million | 34 |
| 2026-05-11 | 2026-Q3 | Gross margin - Three Months Ended March 31, 2026 | 9.9% | 34 |
| 2026-05-11 | 2026-Q3 | Gross margin - Three Months Ended March 31, 2025 | 9.6% | 34 |
| 2026-05-11 | 2026-Q3 | Gross margin - Nine Months Ended March 31, 2026 | 8.2% | 34 |
| 2026-05-11 | 2026-Q3 | Gross margin - Nine Months Ended March 31, 2025 | 11.6% | 34 |
| 2026-05-11 | 2026-Q3 | General and administrative - Three Months Ended March 31, 2026 | $87.6 million | 34 |
| 2026-05-11 | 2026-Q3 | General and administrative - Three Months Ended March 31, 2025 | $70.5 million | 34 |
| 2026-05-11 | 2026-Q3 | General and administrative - Nine Months Ended March 31, 2026 | $222.0 million | 34 |
| 2026-05-11 | 2026-Q3 | General and administrative - Nine Months Ended March 31, 2025 | $199.5 million | 34 |
| 2026-05-11 | 2026-Q3 | Effective tax rate - Three Months Ended March 31, 2026 | (20.8)% | 34 |
| 2026-05-11 | 2026-Q3 | Effective tax rate - Three Months Ended March 31, 2025 | (5.1)% | 34 |
| 2026-05-11 | 2026-Q3 | Effective tax rate - Nine Months Ended March 31, 2026 | (20.2)% | 34 |
| 2026-05-11 | 2026-Q3 | Effective tax rate - Nine Months Ended March 31, 2025 | (13.9)% | 34 |
| 2026-05-11 | 2026-Q3 | Effect of exchange rate fluctuations on cash - Nine Months Ended March 31, 2026 | $(6.6) million | 34 |
| 2026-05-11 | 2026-Q3 | Effect of exchange rate fluctuations on cash - Nine Months Ended March 31, 2025 | $0.8 million | 34 |
| 2026-05-11 | 2026-Q3 | Depreciation and amortization expense | $39.0 million | 34 |
| 2026-05-11 | 2026-Q3 | Current obligations - Non-cancelable purchase commitments | $10.1 billion | 34 |
| 2026-05-11 | 2026-Q3 | Current obligation - Operating leases | $32.7 million | 34 |
| 2026-05-11 | 2026-Q3 | Current obligation - Long-term debt | $2,095.1 million | 34 |
| 2026-05-11 | 2026-Q3 | Convertible debt obligation | $4,725.0 million | 34 |
| 2026-05-11 | 2026-Q3 | Cash and cash equivalents held in foreign locations - March 31, 2026 | $617.3 million | 34 |
| 2026-05-11 | 2026-Q3 | Cash and cash equivalents held in foreign locations - June 30, 2025 | $607.2 million | 34 |
| 2026-05-11 | 2026-Q3 | Cash and cash equivalents - March 31, 2026 | $1.3 billion | 34 |
| 2026-05-11 | 2026-Q3 | Cash and cash equivalents - June 30, 2025 | $5.2 billion | 34 |
| 2026-05-05 | 2026-Q3 | Total bank debt and convertible notes | 8.8 billion | 33 |
| 2026-05-05 | 2026-Q3 | cash and cash equivalents | 1.3 billion | 33 |
| 2026-02-06 | 2026-Q2 | Operating margin | 3.8% | 32 |
| 2026-02-06 | 2026-Q2 | Net income per diluted share | $0.60 | 32 |
| 2026-02-06 | 2026-Q2 | Gross margin | 6.3% | 32 |
| 2026-02-03 | 2026-Q2 | Total bank debt and convertible notes | $4.9 billion | 31 |
| 2026-02-03 | 2026-Q2 | Cash and cash equivalents | $4.1 billion | 31 |
| 2025-11-07 | 2026-Q1 | cash and cash equivalents foreign | $974.2 million | 30 |
| 2025-11-07 | 2026-Q1 | cash and cash equivalents | $4.2 billion | 30 |
| 2025-11-04 | 2026-Q1 | Total bank debt and convertible notes | $4.8 billion | 29 |
| 2025-11-04 | 2026-Q1 | cash and cash equivalents | $4.2 billion | 29 |
| 2025-11-04 | 2026-Q1 | Adjusted EBITDA % of net sales | 6.7% | 29 |
| 2025-10-23 | 2026-Q1 | design wins | in excess of $12B | 28 |
| 2025-08-28 | FY2025 | share-based compensation expense | 314.5 | 27 |
| 2025-08-28 | FY2025 | purchases of property, plant & equipment | 127.2 | 27 |
| 2025-08-28 | FY2025 | outstanding principal indebtedness credit facilities | 112.5 (USD in millions) | 27 |
| 2025-08-28 | FY2025 | operating margin 2025 | 5.7% | 27 |
| 2025-08-28 | FY2025 | operating margin 2024 | 8.1% | 27 |
| 2025-08-28 | FY2025 | operating margin 2023 | 10.7% | 27 |
| 2025-08-28 | FY2025 | non-cancelable purchase commitments | 1600 | 27 |
| 2025-08-28 | FY2025 | net purchases of non-marketable equity securities | 56.0 (USD in millions) | 27 |
| 2025-08-28 | FY2025 | net income per diluted share 2025 | 1.68 | 27 |
| 2025-08-28 | FY2025 | net income per diluted share 2024 | 1.92 | 27 |
| 2025-08-28 | FY2025 | long-term operating lease obligation | 280.4 | 27 |
| 2025-08-28 | FY2025 | long-term debt obligation | 37.4 (USD in millions) | 27 |
| 2025-08-28 | FY2025 | issuance 2030 convertible notes | 2256.0 | 27 |
| 2025-08-28 | FY2025 | issuance 2028 convertible notes | 683.7 | 27 |
| 2025-08-28 | FY2025 | gross margin 2025 | 11.1% | 27 |
| 2025-08-28 | FY2025 | gross margin 2024 | 13.8% | 27 |
| 2025-08-28 | FY2025 | gross margin 2023 | 18.0% | 27 |
| 2025-08-28 | FY2025 | Depreciation and amortization expense | 58.3 (USD in millions) | 27 |
| 2025-08-28 | FY2025 | Data center lease payment expected | 117.7 | 27 |
| 2025-08-28 | FY2025 | Current operating lease obligation | 21.2 | 27 |
| 2025-08-28 | FY2025 | Current long-term debt obligation | 75.1 (USD in millions) | 27 |
| 2025-08-28 | FY2025 | Convertible debt obligation | 4725.0 (USD in millions) | 27 |
| 2025-08-28 | FY2025 | Common stock repurchase | 200.0 | 27 |
| 2025-08-28 | FY2025 | cash and cash equivalents foreign | 607.2 (USD in millions) | 27 |
| 2025-08-28 | FY2025 | cash and cash equivalents | 5169.9 (USD in millions) | 27 |
| 2025-08-28 | FY2025 | Capex guidance low | 180.0 (USD in millions) | 27 |
| 2025-08-28 | FY2025 | Capex guidance high | 200.0 (USD in millions) | 27 |
| 2025-08-05 | 2025-Q4 | Total bank debt and convertible notes | $4.8 billion | 26 |
| 2025-08-05 | 2025-Q4 | Cash and cash equivalents | $5.2 billion | 26 |
| 2025-05-12 | 2025-Q3 | Net sales Q3 FY2025 | $4,599.9 million | 25 |
| 2025-05-12 | 2025-Q3 | Net sales Q3 FY2024 | $3,850.1 million | 25 |
| 2025-05-12 | 2025-Q3 | Net sales 9M FY2025 | $16,215.1 million | 25 |
| 2025-05-12 | 2025-Q3 | Net sales 9M FY2024 | $9,634.7 million | 25 |
| 2025-05-12 | 2025-Q3 | Net income Q3 FY2025 | $108.8 million | 25 |
| 2025-05-12 | 2025-Q3 | Net income Q3 FY2024 | $402.5 million | 25 |
| 2025-05-12 | 2025-Q3 | Net income 9M FY2025 | $853.7 million | 25 |
| 2025-05-12 | 2025-Q3 | Net income 9M FY2024 | $855.4 million | 25 |
| 2025-05-12 | 2025-Q3 | Operating income Q3 FY2025 | $146.8 million | 25 |
| 2025-05-12 | 2025-Q3 | Operating income Q3 FY2024 | $378.3 million | 25 |
| 2025-05-12 | 2025-Q3 | Operating income 9M FY2025 | $1,024.6 million | 25 |
| 2025-05-12 | 2025-Q3 | Operating income 9M FY2024 | $922.3 million | 25 |
| 2025-05-12 | 2025-Q3 | Gross profit Q3 2025 (3M ended Mar 31 2025) | $440.2 million | 25 |
| 2025-05-12 | 2025-Q3 | Gross profit Q3 2024 (3M ended Mar 31 2024) | $597.4 million | 25 |
| 2025-05-12 | 2025-Q3 | Gross profit 9M ended Mar 31 2025 | $1,885.8 million | 25 |
| 2025-05-12 | 2025-Q3 | Gross profit 9M ended Mar 31 2024 | $1,515.4 million | 25 |
| 2025-05-12 | 2025-Q3 | Foreign cash Mar 31 2025 | $728.1 million | 25 |
| 2025-05-12 | 2025-Q3 | Foreign cash Jun 30 2024 | $337.3 million | 25 |
| 2025-05-12 | 2025-Q3 | Cash and cash equivalents Mar 31 2025 | $2.5 billion | 25 |
| 2025-05-12 | 2025-Q3 | Cash and cash equivalents Jun 30 2024 | $1.7 billion | 25 |
| 2025-05-06 | 2025-Q3 | Total cash and cash equivalents | 2.54 billion | 24 |
| 2025-05-06 | 2025-Q3 | Total bank debt and convertible notes | 2.49 billion | 24 |
| 2025-05-06 | 2025-Q3 | Non-GAAP gross margin | 9.7% | 24 |
| 2025-05-06 | 2025-Q3 | Adjusted EBITDA % of net sales | 5.6% | 24 |
| 2025-02-25 | 2025-Q2 | Net income 6M | 744.9 million | 22 |
| 2025-02-25 | 2025-Q2 | Net income | 320.6 million | 22 |
| 2025-02-25 | 2025-Q2 | Operating margin | 8.6% | 21 |
| 2025-02-25 | 2025-Q2 | Gross margin | 13.1% | 21 |
| 2025-02-25 | 2025-Q2 | Effective tax rate | 15.0% | 21 |
| 2025-02-25 | 2025-Q2 | Cash and cash equivalents | 2.1 billion | 21 |
| 2025-02-11 | 2025-Q2 | Total debt | $1.9 billion | 19 |
| 2025-02-11 | 2025-Q2 | Total cash and cash equivalents | $1.4 billion | 19 |
| 2025-02-11 | 2025-Q2 | Convertible notes | $1.7 billion | 19 |
| 2025-02-11 | 2025-Q2 | Bank debt | $0.2 billion | 19 |
| 2024-11-05 | 2025-Q1 | Total debt | approximately 2.3 billion | 18 |
| 2024-11-05 | 2025-Q1 | Convertible notes | approximately 1.7 billion | 18 |
| 2024-11-05 | 2025-Q1 | Cash and cash equivalents | approximately 2.1 billion | 18 |
| 2024-11-05 | 2025-Q1 | Bank debt | approximately 0.6 billion | 18 |
| 2025-02-25 | FY2024 | Operating cash flow | $(2,486.0) million | 20 |
| 2025-02-25 | FY2024 | Net increase in cash | $1,229.3 million | 20 |
| 2025-02-25 | FY2024 | Net income | $1,152.7 million | 20 |
| 2025-02-25 | FY2024 | investing cash flow | $(194.2) million | 20 |
| 2025-02-25 | FY2024 | financing cash flow | $3,911.7 million | 20 |
| 2025-02-25 | FY2024 | cash and cash equivalents | $1,669.8 million | 20 |
| 2024-08-06 | FY2024 | Total bank debt and convertible notes | $2,174 million | 17 |
| 2024-08-06 | FY2024 | Non-GAAP gross margin | 11.3% | 17 |
| 2024-08-06 | FY2024 | Gross margin | 11.2% | 17 |
| 2024-08-06 | FY2024 | Cash and cash equivalents | $1,670 million | 17 |
| 2024-05-06 | 2024-Q3 | United States net sales - Three Months Ended March 31, 2024 | 2,685.2 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | United States net sales - Three Months Ended March 31, 2023 | 785.5 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | United States net sales - Nine Months Ended March 31, 2024 | 6,910.3 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | United States net sales - Nine Months Ended March 31, 2023 | 3,172.5 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Total operating expenses - Three Months Ended March 31, 2024 | 219.1 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Total operating expenses - Three Months Ended March 31, 2023 | 127.3 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Total operating expenses - Nine Months Ended March 31, 2024 | 593.1 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Total operating expenses - Nine Months Ended March 31, 2023 | 376.9 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Subsystems and accessories - Three Months Ended March 31, 2024 | 151.6 | 16 |
| 2024-05-06 | 2024-Q3 | Subsystems and accessories - Three Months Ended March 31, 2023 | 119.6 | 16 |
| 2024-05-06 | 2024-Q3 | Subsystems and accessories - Nine Months Ended March 31, 2024 | 534.0 | 16 |
| 2024-05-06 | 2024-Q3 | Subsystems and accessories - Nine Months Ended March 31, 2023 | 400.9 | 16 |
| 2024-05-06 | 2024-Q3 | Share of income from equity investee, net of taxes - Three Months Ended March 31, 2024 | 0.4 | 16 |
| 2024-05-06 | 2024-Q3 | Share of income from equity investee, net of taxes - Three Months Ended March 31, 2023 | -1.0 | 16 |
| 2024-05-06 | 2024-Q3 | Share of income from equity investee, net of taxes - Nine Months Ended March 31, 2024 | 2.3 | 16 |
| 2024-05-06 | 2024-Q3 | Share of income from equity investee, net of taxes - Nine Months Ended March 31, 2023 | -3.3 | 16 |
| 2024-05-06 | 2024-Q3 | Server and storage systems - Three Months Ended March 31, 2024 | 3,698.5 | 16 |
| 2024-05-06 | 2024-Q3 | Server and storage systems - Three Months Ended March 31, 2023 | 1,163.7 | 16 |
| 2024-05-06 | 2024-Q3 | Server and storage systems - Nine Months Ended March 31, 2024 | 9,100.7 | 16 |
| 2024-05-06 | 2024-Q3 | Server and storage systems - Nine Months Ended March 31, 2023 | 4,537.7 | 16 |
| 2024-05-06 | 2024-Q3 | Sales and marketing - Three Months Ended March 31, 2024 | 49.7 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Sales and marketing - Three Months Ended March 31, 2023 | 25.3 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Sales and marketing - Nine Months Ended March 31, 2024 | 133.8 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Sales and marketing - Nine Months Ended March 31, 2023 | 83.1 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Research and development - Three Months Ended March 31, 2024 | 116.2 | 16 |
| 2024-05-06 | 2024-Q3 | Research and development - Three Months Ended March 31, 2023 | 77.5 | 16 |
| 2024-05-06 | 2024-Q3 | Research and development - Nine Months Ended March 31, 2024 | 336.1 | 16 |
| 2024-05-06 | 2024-Q3 | Research and development - Nine Months Ended March 31, 2023 | 222.4 | 16 |
| 2024-05-06 | 2024-Q3 | Realized and unrealized foreign exchange gain - Three Months Ended March 31, 2024 | 6.5 | 16 |
| 2024-05-06 | 2024-Q3 | Realized and unrealized foreign exchange gain - Nine Months Ended March 31, 2024 | 4.1 | 16 |
| 2024-05-06 | 2024-Q3 | Outstanding principal indebtedness under credit facilities | 167.2 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Others net sales - Three Months Ended March 31, 2024 | 102.6 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Others net sales - Three Months Ended March 31, 2023 | 54.9 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Others net sales - Nine Months Ended March 31, 2024 | 301.1 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Others net sales - Nine Months Ended March 31, 2023 | 174.9 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Other income, net - Three Months Ended March 31, 2024 | 10.0 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Other income, net - Three Months Ended March 31, 2023 | -0.1 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Other income, net - Nine Months Ended March 31, 2024 | 8.8 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Other income, net - Nine Months Ended March 31, 2023 | 1.6 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Operating income - Three Months Ended March 31, 2024 | 381.0 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Operating income - Three Months Ended March 31, 2023 | 98.8 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Operating income - Nine Months Ended March 31, 2024 | 924.1 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Operating income - Nine Months Ended March 31, 2023 | 533.3 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Net sales - Three Months Ended March 31, 2024 | 3,850.1 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Net sales - Three Months Ended March 31, 2023 | 1,283.3 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Net sales - Nine Months Ended March 31, 2024 | 9,634.7 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Net sales - Nine Months Ended March 31, 2023 | 4,938.6 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Net proceeds from Convertible Notes | 1,553.7 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Net increase in cash, cash equivalents and restricted cash - Nine Months Ended March 31, 2024 | 1,675.0 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Net increase in cash, cash equivalents and restricted cash - Nine Months Ended March 31, 2023 | 94.7 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Net cash used in operating activities - Nine Months Ended March 31, 2024 | -1,844.2 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Net cash used in operating activities - Nine Months Ended March 31, 2023 | 672.9 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Net cash used in investing activities - Nine Months Ended March 31, 2024 | -132.0 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Net cash used in investing activities - Nine Months Ended March 31, 2023 | -28.6 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Net cash provided by financing activities - Nine Months Ended March 31, 2024 | 3,652.8 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Net cash provided by financing activities - Nine Months Ended March 31, 2023 | -547.3 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Interest rates on credit facilities | 1.3% to 7.5% | 16 |
| 2024-05-06 | 2024-Q3 | Interest expense - Three Months Ended March 31, 2024 | -6.2 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Interest expense - Three Months Ended March 31, 2023 | -1.3 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Interest expense - Nine Months Ended March 31, 2024 | -16.2 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Interest expense - Nine Months Ended March 31, 2023 | -6.9 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | General and administrative - Three Months Ended March 31, 2024 | 53.1 | 16 |
| 2024-05-06 | 2024-Q3 | General and administrative - Three Months Ended March 31, 2023 | 24.5 | 16 |
| 2024-05-06 | 2024-Q3 | General and administrative - Nine Months Ended March 31, 2024 | 123.2 | 16 |
| 2024-05-06 | 2024-Q3 | General and administrative - Nine Months Ended March 31, 2023 | 71.4 | 16 |
| 2024-05-06 | 2024-Q3 | Europe net sales - Three Months Ended March 31, 2024 | 297.7 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Europe net sales - Three Months Ended March 31, 2023 | 228.5 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Europe net sales - Nine Months Ended March 31, 2024 | 777.0 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Europe net sales - Nine Months Ended March 31, 2023 | 776.1 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Effective tax rate - Three Months Ended March 31, 2024 | -5.2% | 16 |
| 2024-05-06 | 2024-Q3 | Effective tax rate - Three Months Ended March 31, 2023 | 11.1% | 16 |
| 2024-05-06 | 2024-Q3 | Effective tax rate - Nine Months Ended March 31, 2024 | 6.7% | 16 |
| 2024-05-06 | 2024-Q3 | Effective tax rate - Nine Months Ended March 31, 2023 | 15.0% | 16 |
| 2024-05-06 | 2024-Q3 | Convertible Senior Notes issued | 1,725.0 | 16 |
| 2024-05-06 | 2024-Q3 | Consolidated indebtedness as of March 31, 2024 | 3.8 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Common stock offering - March 22, 2024 | 1,731.5 | 16 |
| 2024-05-06 | 2024-Q3 | Common stock offering - December 5, 2023 | 582.8 | 16 |
| 2024-05-06 | 2024-Q3 | Cash and cash equivalents in foreign locations - March 31, 2024 | 262.1 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Cash and cash equivalents in foreign locations - June 30, 2023 | 192.3 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Cash and cash equivalents as of March 31, 2024 | 2,115.5 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Cash and cash equivalents as of June 30, 2023 | 440.5 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | CTBC Bank credit lines - increased to | 185.0 | 16 |
| 2024-05-06 | 2024-Q3 | Asia net sales - Three Months Ended March 31, 2024 | 764.6 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Asia net sales - Three Months Ended March 31, 2023 | 214.4 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Asia net sales - Nine Months Ended March 31, 2024 | 1,646.3 (USD millions) | 16 |
| 2024-05-06 | 2024-Q3 | Asia net sales - Nine Months Ended March 31, 2023 | 815.1 (USD millions) | 16 |
| 2024-04-30 | 2024-Q3 | Total bank debt and convertible notes | $1,863 million | 15 |
| 2024-04-30 | 2024-Q3 | Cash and cash equivalents | $2,115 million | 15 |
| 2024-02-02 | 2024-Q2 | Outstanding debt | 375.6 (USD millions) | 14 |
| 2024-02-02 | 2024-Q2 | Cash and cash equivalents - foreign locations | 193.8 (USD millions) | 14 |
| 2024-02-02 | 2024-Q2 | cash and cash equivalents | 725.7 (USD millions) | 14 |
| 2024-01-29 | 2024-Q2 | Total bank debt | $376 million | 13 |
| 2024-01-29 | 2024-Q2 | cash and cash equivalents | $726 million | 13 |
| 2023-11-03 | 2024-Q1 | Outstanding debt | $146.2 | 11 |
| 2023-11-03 | 2024-Q1 | Operating margin | 8.2% | 11 |
| 2023-11-03 | 2024-Q1 | Gross margin | 16.7% | 11 |
| 2023-11-03 | 2024-Q1 | Effective tax rate | 11.4% | 11 |
| 2023-11-03 | 2024-Q1 | Cash in foreign locations | $263.2 | 11 |
| 2023-11-03 | 2024-Q1 | cash and cash equivalents | $543.2 | 11 |
| 2023-11-01 | 2024-Q1 | Total bank debt | $146 million | 10 |
| 2023-11-01 | 2024-Q1 | Cash and cash equivalents | $543 million | 10 |
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Guidance Tracking (latest per metric/period · 25/37)#
All management forecasts (guidance) and their later outcome. Types: fiscal-year targets as well as quarterly/half-year targets; per metric and period the most recent statement applies, older versions can be expanded. The status is checked automatically against the actuals reported later: open (period still running), met, beaten, missed. For ranges (“X to Y”) reaching the range counts. Logged neutrally, no estimate of our own, no assessment.
Actuals: revenue in $m · EPS in $ per share
| For period | Guided on | Metric | Guided | Actual | Verdict | Direction | Source |
|---|---|---|---|---|---|---|---|
| FY2027 | 2026-08-11 | Revenue | 65,000–72,000 | – | pending | initiated | 36 |
| 2027-Q1 | 2026-08-11 | Revenue | 14,500–15,500 | – | pending | initiated | 36 |
| 2027-Q1 | 2026-08-11 | EPS (GAAP) | 0.89–0.98 | – | pending | initiated | 36 |
| 2027-Q1 | 2026-08-11 | EPS (non-GAAP) | 1.01–1.1 | – | pending | initiated | 36 |
| 2027-Q1 | 2026-07-21 | Gross margin (non-GAAP) | 15–17% | – | pending | raised | 35 |
| FY2026 | 2026-05-05 | Revenue | 38,900–40,400 | 39,063.1 | in line | initiated | 33 |
| 2026-Q4 | 2026-05-05 | Revenue | 11,000–12,500 | 11,119.8 | in line | initiated | 33 |
| 2026-Q4 | 2026-05-05 | EPS (GAAP) | 0.53–0.67 | 1.62 | beat | initiated | 33 |
| 2026-Q4 | 2026-05-05 | EPS (non-GAAP) | 0.65–0.79 | – | – | initiated | 33 |
| 2026-Q3 | 2026-02-03 | Revenue | 12,300 | 10,243 | miss | initiated | 31 |
| 2026-Q3 | 2026-02-03 | EPS (GAAP) | 0.52 | 0.72 | beat | initiated | 31 |
| 2026-Q3 | 2026-02-03 | EPS (non-GAAP) | 0.6 | – | – | initiated | 31 |
| 2026-Q2 | 2025-11-04 | Revenue | 10,000–11,000 | 12,682.5 | beat | initiated | 29 |
| 2026-Q2 | 2025-11-04 | EPS (GAAP) | 0.37–0.45 | 0.6 | beat | initiated | 29 |
| 2026-Q2 | 2025-11-04 | EPS (non-GAAP) | 0.46–0.54 | 0.68 | beat | initiated | 29 |
| FY2025 | 2025-05-06 | Revenue | 21,800–22,600 | 21,972 | in line | cut | 24 |
| 2025-Q4 | 2025-05-06 | Revenue | 5,600–6,400 | 5,756.9 | in line | initiated | 24 |
| 2025-Q4 | 2025-05-06 | EPS (GAAP) | 0.3–0.4 | 0.31 | in line | initiated | 24 |
| 2025-Q4 | 2025-05-06 | EPS (non-GAAP) | 0.4–0.5 | 0.42 | in line | initiated | 24 |
| 2025-Q3 | 2025-02-11 | Revenue | 5,600–5,700 | 4,599.9 | miss | initiated | 19 |
| 2025-Q3 | 2025-02-11 | EPS (GAAP) | 0.5–0.52 | 0.17 | miss | initiated | 19 |
| 2025-Q3 | 2025-02-11 | EPS (non-GAAP) | 0.58–0.6 | 0.31 | miss | initiated | 19 |
| 2025-Q1 | 2024-08-06 | Revenue | 6,000–7,000 | 5,937.3 | miss | initiated | 17 |
| 2025-Q1 | 2024-08-06 | EPS (GAAP) | 0.6–0.77 | 0.67 | in line | initiated | 17 |
| 2025-Q1 | 2024-08-06 | EPS (non-GAAP) | 0.67–0.83 | 0.74 | in line | initiated | 17 |
| FY2024 | 2024-04-30 | Revenue | 14,700–15,100 | 14,989.3 | in line | raised | 15 |
| FY2024 | 2024-04-30 | EPS (GAAP) | 2.16–2.25 | 1.92 | miss | initiated | 15 |
| FY2024 | 2024-04-30 | EPS (non-GAAP) | 23.29–24.09 | – | – | initiated | 15 |
| 2024-Q4 | 2024-04-30 | Revenue | 5,100–5,500 | 5,354.6 | in line | initiated | 15 |
| 2024-Q4 | 2024-04-30 | EPS (GAAP) | 7.2–8.05 | 0.46 | – | initiated | 15 |
| 2024-Q4 | 2024-04-30 | EPS (non-GAAP) | 7.62–8.42 | – | – | initiated | 15 |
| 2024-Q3 | 2024-01-29 | Revenue | 3,700–4,100 | 3,850.1 | in line | initiated | 13 |
| 2024-Q3 | 2024-01-29 | EPS (GAAP) | 0.48–0.56 | 0.66 | beat | initiated | 13 |
| 2024-Q3 | 2024-01-29 | EPS (non-GAAP) | 0.52–0.6 | 0.67 | beat | initiated | 13 |
| 2024-Q1 | 2023-08-08 | Revenue | 1,900–2,200 | 2,119.7 | in line | initiated | 8 |
| 2024-Q1 | 2023-08-08 | EPS (GAAP) | 0.2–0.28 | 0.3 | beat | initiated | 8 |
| 2024-Q1 | 2023-08-08 | EPS (non-GAAP) | 0.28–0.35 | 0.35 | in line | initiated | 8 |
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Development#
A condensed summary per reporting period as running text: what changed operationally, which drivers management names, how earnings and cash flow developed. Most recent period first, grouped by year; each text is written from the original report of that period, superscript numbers lead to the source.
FY2026
Super Micro Computer Inc. reported net sales of $39.1 billion in fiscal year 2026, an increase of 77.8% from $22.0 billion in fiscal year 2025, primarily driven by fulfillment and shipment of orders to support AI GPU data center deployments and large design wins from key customers 36, 37. Net income more than doubled to $2,230.5 million from $1,048.9 million in fiscal year 2025, with diluted earnings per share of $3.26 37. Full-year gross margin declined to 10.8% from 11.1% due to competitive pricing strategy, product and customer mix changes, and higher manufacturing expenses, while Q4 gross margin recovered sharply to 17.5% driven by favorable customer and product mix 36, 37. Operating cash flow turned negative at $(6,809.9) million compared to positive $1,659.5 million in the prior year, as inventory and accounts receivable expanded to support revenue growth; financing activities of $9,478.8 million including equity offerings of $5,638.6 million in Q4 FY2026 shifted the balance sheet to a net cash position of $2,857.3 million by June 30, 2026 37. The company generated more than $60 billion in new orders during the year and entered fiscal 2027 with a record backlog, alongside an expansion into total data center infrastructure through its Data Center Building Block Solutions platform 36, 37.
FY2025
Super Micro Computer generated $21,972.0 million in net sales in fiscal year 2025, a 46.6% increase over fiscal year 2024, driven by strong demand for GPU servers, high-performance computing, and rack-scale solutions from large enterprise and data center customers 27. Gross margin contracted from 13.8% to 11.1% due to competitive pricing strategy, product mix changes, and higher manufacturing expenses, while net income declined 9% to $1,048.9 million despite the revenue expansion 27. Operating cash flow recovered from negative $2,486.0 million in fiscal year 2024 to positive $1,659.5 million in fiscal year 2025, and cash and cash equivalents increased from $1,669.8 million to $5,169.9 million, partly reflecting net proceeds from newly issued 2028 and 2030 Convertible Notes totaling approximately $2,939.7 million 27. The fiscal year was also marked by a delayed Form 10-K filing that triggered a Nasdaq non-compliance notice, an independent Special Committee investigation that found no evidence of fraud or misconduct, and the receipt of Department of Justice and SEC subpoenas following short-seller allegations; all outstanding financial statements were filed and Nasdaq compliance was restored during Q3 FY2025 18 19 24.
FY2024
Super Micro Computer Inc. reported fiscal year 2024 net sales of $14,989.3 million, an increase of 110.4% year-over-year, driven by strong demand for GPU-based rack-scale solutions from large enterprise and datacenter customers 20. Net income rose to $1,152.7 million from $640.0 million in fiscal year 2023, while non-GAAP diluted earnings per share increased 87% to $22.09 17. Gross margin declined to 13.8% from 18.0%, attributed to competitive pricing strategy, product and customer mix changes, and higher manufacturing expenses 20. Operating cash flow was negative $2.486 billion versus positive $663.6 million in the prior fiscal year, driven by working capital increases related to rapid revenue scaling 17. The company raised approximately $2.31 billion through two equity offerings and $1.55 billion in convertible debt securities during the fiscal year to fund its expansion 20.
FY2023
Super Micro Computer posted full-year fiscal 2023 net sales of $7,123.5 million, a 37.1% increase from fiscal 2022, driven by strong enterprise and datacenter demand for GPU, HPC, and rack-scale solutions 9. Full-year gross margin expanded to 18.0% from 15.4% in fiscal 2022, reflecting a favorable shift in product and customer mix and decreased logistics costs 9. Net income increased to $640.0 million from $285.2 million in fiscal 2022, and operating cash flow improved to $663.6 million from negative $440.8 million in the prior year 9. Third-quarter net sales declined 5.3% year-over-year to $1,283.3 million, missing the prior guidance midpoint of approximately $1.47 billion due to component shortages affecting new-generation product transitions, before recovering sharply to $2,184.9 million in the fourth quarter 4, 6, 117. The company exited fiscal 2023 with a net cash position of $270.3 million and initiated fiscal 2024 net sales guidance of $9.5 billion to $10.5 billion 117, 8.
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Sources: official investor relations documents#
All original documents used, with type (e.g. quarterly, half-year, annual report), publication date and a direct link to the filing (EDINET/SEC/IR). Every superscript number in the report points to an entry in this list; so every figure can be traced back to its place in the original.
53 documents · 2016 – 2026 · SEC EDGAR (USA)
| # | Document type | Published | Link |
|---|---|---|---|
| #1 | 8-K-EX99.1 | 2023-01-18 | Open |
| #2 / #102 | 8-K-EX99.1 | 2023-01-31 | Open |
| #3 | 10-Q | 2023-02-03 | Open |
| #4 | 8-K-EX99.1 | 2023-04-24 | Open |
| #5 / #105 | 8-K-EX99.1 | 2023-05-02 | Open |
| #6 | 10-Q | 2023-05-05 | Open |
| #7 | 8-K-EX99.1 | 2023-07-20 | Open |
| #8 / #108 | 8-K-EX99.1 | 2023-08-08 | Open |
| #9 | 10-K | 2023-08-28 | Open |
| #10 / #110 | 8-K-EX99.1 | 2023-11-01 | Open |
| #11 | 10-Q | 2023-11-03 | Open |
| #12 | 8-K-EX99.1 | 2024-01-18 | Open |
| #13 / #113 | 8-K-EX99.1 | 2024-01-29 | Open |
| #14 | 10-Q | 2024-02-02 | Open |
| #15 / #115 | 8-K-EX99.1 | 2024-04-30 | Open |
| #16 | 10-Q | 2024-05-06 | Open |
| #17 / #117 | 8-K-EX99.1 | 2024-08-06 | Open |
| #18 | 8-K-EX99.1 | 2024-11-05 | Open |
| #19 | 8-K-EX99.1 | 2025-02-11 | Open |
| #20 | 10-K | 2025-02-25 | Open |
| #21 | 10-Q | 2025-02-25 | Open |
| #22 | 10-Q | 2025-02-25 | Open |
| #23 | 8-K-EX99.1 | 2025-04-29 | Open |
| #24 / #124 | 8-K-EX99.1 | 2025-05-06 | Open |
| #25 | 10-Q | 2025-05-12 | Open |
| #26 / #126 | 8-K-EX99.1 | 2025-08-05 | Open |
| #27 | 10-K | 2025-08-28 | Open |
| #28 | 8-K-EX99.1 | 2025-10-23 | Open |
| #29 / #129 | 8-K-EX99.1 | 2025-11-04 | Open |
| #30 | 10-Q | 2025-11-07 | Open |
| #31 / #131 | 8-K-EX99.1 | 2026-02-03 | Open |
| #32 | 10-Q | 2026-02-06 | Open |
| #33 / #133 | 8-K-EX99.1 | 2026-05-05 | Open |
| #34 | 10-Q | 2026-05-11 | Open |
| #35 | 8-K-EX99.1 | 2026-07-21 | Open |
| #36 / #136 | 8-K-EX99.1 | 2026-08-11 | Open |
| #37 | 10-K | 2026-08-31 | Open |
Older sources (+16)
| # | Document type | Published | Link |
|---|---|---|---|
| #203 | 10-K | 2016-08-26 | Open |
| #201 | 10-Q/A | 2016-11-07 | Open |
| #202 | 10-Q/A | 2017-02-07 | Open |
| #205 | 10-K | 2019-05-17 | Open |
| #204 | 10-Q | 2019-12-19 | Open |
| #206 | 10-Q | 2019-12-19 | Open |
| #207 | 10-K | 2019-12-19 | Open |
| #211 | 10-K | 2019-12-19 | Open |
| #208 | 10-Q | 2019-12-20 | Open |
| #209 | 10-Q | 2020-02-07 | Open |
| #210 | 10-Q | 2020-05-11 | Open |
| #215 | 10-K | 2020-08-31 | Open |
| #212 | 10-Q | 2020-11-06 | Open |
| #213 | 10-Q | 2021-02-05 | Open |
| #214 | 10-Q | 2021-05-07 | Open |
| #216 | 10-Q | 2021-11-05 | Open |
FAQ#
Is there a management forecast (guidance) for FY2027?
Yes. Management has issued targets for FY2027, including Revenue. The guidance tracking chapter shows all targets and checks them against the actuals reported later; neutral, with no estimate of our own.
Where can I find the official investor relations documents of SUPER MICRO Computer Inc.?
The sources chapter links all 66 original filings used (SEC filings) with type, publication date and a direct link; every figure in the report carries a source number.
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