Super Micro Computer, Inc. (SMCI) Stock

Super Micro Computer, Inc. (SMCI) is a Technology stock trading at $36.55 (as of 2026-08-20), with a market capitalization of $21.98B and a trailing P/E of 17.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Super Micro Computer, Inc., together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software. The company provides application-optimized server solutions, rackmount and blade servers, storage, and subsystems and accessories; and server software management solutions, such as Server Management Suite, including Supermicro Server Manager, Supermicro Power Management software, Supermicro Update Manager, SuperCloud Composer, and SuperDoctor 5. In addition, it offers server subsystems and accessories comprising server boards, chassis, power supplies, and other accessories. Further, the company provides server and storage system integration, configuration, and software upgrade and update services; and technical documentation services, as well as identifies service requirements, creates and executes project plans, and conducts verification testing and technical documentation, and training services. Additionally, it offers help desk and on-site product support services for its server and storage systems; and customer support services, including ongoing maintenance and technical support for its products. The company provides its products to enterprise data centers, cloud computing, artificial intelligence, and 5G and edge computing markets. It sells its products through direct and indirect sales force, distributors, value-added resellers, system integrators, and original equipment manufacturers. The company was incorporated in 1993 and is headquartered in San Jose, California.

Understand Super Micro Computer, Inc.: how it makes money

Super Micro Computer designs and manufactures high performance server and storage solutions, then sells complete systems, rackmount and blade servers, storage and subsystems, networking devices, and related server and security software.

With the majority of revenue coming from the OEM appliance and large data center segment, the companys profitability is likely highly sensitive to hardware sales mix and cost swings, reflected in low gross margin (9.9%) and a modest operating margin (6.1%).

Revenue by segment (latest quarter)
OEM+DC$7.4B
Enterprise$2.8B

Business quality (Mixed): Segment disclosure is limited to two large groupings in the provided data, but the profit engine appears to be driven by hardware revenue mix, with relatively low margins that can make operating results sensitive to changes in costs and segment demand.

Valuation: At 16× earnings, SMCI trades 49% below the Tech Hardware average (32×). Note: one-time items can distort reported P/E.

Bull case

  • Large, identifiable revenue driver: The OEM appliance and large data center segment is the biggest portion of revenue in the provided breakdown (7.4B out of 10.2B).
  • Range of system and software offerings: The company offers complete server and storage systems, modular server components, and server management and security software, which can support solutions sold into enterprise and data center environments.

Bear case

  • Low margin profile: Gross margin is 9.9% and operating margin is 6.1% in the provided financial snapshot, which can limit how much profitability can absorb cost pressures.
  • Business mix concentration risk: Because OEM appliance and large data center revenue is the largest segment in the provided data, weaker demand or unfavorable mix in that segment could have an outsized impact on overall results.
Valuation — source: SEC EDGAR (first-party)
Price$36.55
Market Cap$21.98B
P/E Ratio17.6
EV / EBITDA13.2
Price / Book2.90
Price / Sales0.65
FCF Yield-40.0%
DCF Value (model)$55.05
DCF Upside vs Price50.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$21.97B
Net Margin4.8%
Revenue Growth (YoY)122.7%
EPS Growth (YoY)350.0%
FCF Growth (YoY)-1394.6%
Financial Health — source: SEC EDGAR
Altman Z-Score4.75 (safe)
Valuation vs Sector & Industry
Stock P/E17.6
Sector P/E (Technology)33.9
Industry P/E (Computers)32.1
vs Sector-48.1%
vs Industry-45.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($1.99B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryComputers
CEOCharles Liang
Employees5,684
CountryUS
IPO Date2007-03-29

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SMCI earnings history · SMCI institutional & insider holders · SMCI KPIs & operating metrics · SMCI financials · SMCI investor presentations & press releases · SMCI SEC filings · SMCI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.