Super Micro Computer designs and sells configurable servers, storage, networking and rack-scale AI infrastructure, with related software and services.
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A snapshot of what Super Micro Computer, Inc. owns and owes at a point in time.
Read the company’s balance sheet in the original annual reports below.
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3 reports in this collection
| Report period | Filed with SEC | Form | Source |
|---|---|---|---|
| Jun 30, 20240001375365-25-000004 | Feb 25, 2025 | 10-K | Open 10-Ksec.gov |
| Jun 30, 20250001375365-25-000027 | Aug 28, 2025 | 10-K | Open 10-Ksec.gov |
| Jun 30, 20260001375365-26-000022 | Aug 31, 2026 | 10-K | Open 10-Ksec.gov |
Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.
Supermicro's AI infrastructure business is expanding rapidly, but funding that growth remains a central challenge. Fiscal 2026 revenue reached $39.063 billion and GAAP net income reached $2.230 billion, while inventory and receivables absorbed enough cash to produce a $6.810 billion operating cash outflow. After the annual filing, its October 20 update estimated fiscal Q1 2027 revenue of $18.5–$19.5 billion and gross margin of 12.0%–12.5%, both above prior guidance. Management cited stronger AI demand and a better customer/product mix, respectively. Those preliminary estimates do not establish quarterly profit or cash generation. Large procurement commitments, concentrated customers and suppliers, financing conditions, an unresolved financial-reporting control weakness and ongoing government investigations remain important qualifications to the growth story.
Sources: 10-K · 2026-06-30 · EX-99.1 · 2026-10-20
Supermicro combines modular hardware designs with system integration, cooling and support for cloud, enterprise and edge customers. Hardware dominates: services and software contributed $538.3 million of fiscal 2026 revenue. It reports one operating segment, so standalone AI, cooling and services profitability is not disclosed. Management links annual growth to large deployments and higher-value systems, not a quantified increase in unit shipments.
One customer accounted for 28.1% of fiscal 2026 sales and one supplier for 63.1% of purchases. Family-linked suppliers Ablecom and Compuware supplied 95.3% of purchased chassis and 94.4% of purchased power supplies, respectively. Their relatively small share of total costs therefore understates their operational importance. These relationships create supply and conflict-of-interest risks without themselves establishing wrongdoing.
Sources: 10-K · 2026-06-30
For the year ended June 30, 2026, the August 31 annual filing reported GAAP revenue of $39.063 billion and net income of $2.230 billion. Gross margin slipped to 10.8% from 11.1%. Management cited pricing, mix and manufacturing costs, including additional tariffs and lower vendor rebates; lower inventory write-downs partly offset these pressures. Operating margin nevertheless recovered to 7.1% from 5.7% because expenses grew more slowly than sales—not because spending fell.
Earnings included $412.1 million of stock compensation and a 19.9% effective tax rate, versus 12.9% in fiscal 2025. The prior year's $30.3 million debt-extinguishment loss did not recur, although interest expense increased to $194.6 million. Diluted EPS was $3.26 versus $1.68: a larger share denominator, convertible-note adjustments and preferred/participating-security allocations mean net income cannot simply be divided by diluted shares to reproduce EPS. Retrospective adoption of expanded tax disclosures was not itself a profit adjustment.
Sources: 10-K · 2026-06-30
The October 20 release estimated revenue of $18.5–$19.5 billion for fiscal Q1 2027, ended September 30, against prior guidance of $14.5–$15.5 billion. Estimated gross margin was 12.0%–12.5%, against 10.4%–10.8%. Management attributed revenue strength to AI-platform demand and margin improvement to customer/product mix. These are comparisons with guidance, not prior-year growth. The accountant performed no procedures on the estimates; final results could differ materially. The release does not explicitly designate the margin estimate GAAP or non-GAAP and supplies no profit, cash-flow or updated balance-sheet figures. A results call was scheduled for November 3; no Q2 or full-year outlook was supplied.
The October 8 filing disclosed Shesha Krishnapura's appointment and Judy Lin's retirement, both effective October 9. The company said Lin's departure did not reflect a disagreement. Mark Long became CFO immediately on October 14, replacing David Weigand, as reported October 15. The replacement's reason was not disclosed, and neither appointment establishes improved controls. Long's initial equity awards were described as expected and subject to approval, not completed grants.
Sources: 8-K · 2026-10-20 · EX-99.1 · 2026-10-20 · 8-K · 2026-10-07 · 8-K · 2026-10-14
Fiscal 2026 operations consumed $6.810 billion despite reported profit. Inventory and receivables absorbed $8.877 billion and $3.922 billion, partly offset by payables, deferred revenue and noncash adjustments. Financing inflows of $9.479 billion supported the increase in cash. Year-end inventory was $12.896 billion, alongside $34.2 billion of noncancelable purchase commitments, primarily due within a year. Customer orders can be deferred or canceled, leaving procurement exposure without guaranteed matching sales. Commitments are not additional recognized debt.
Cash purchases of property, plant and equipment was $162.0 million; management forecast $380–400 million for fiscal 2027. Receivables sales totaled $831.674 million at a $5.737 million discount. The $1.790 billion receivables program is uncommitted, purchaser-discretionary and terminable, not assured liquidity. Supermicro is the seller and guarantor; detailed recourse terms are not established here. No sold receivables it serviced remained uncollected or collected but unremitted at June 30, 2026. That dated zero balance does not remove the continuing contractual role. If purchases are not characterized as sales, a security interest is deemed granted in the receivables and proceeds. Deferred revenue is not earned sales, and disclosed remaining performance obligations exclude certain short-duration contracts, so they are not comprehensive backlog. The $465.759 million 'Asset held for others' balance remains insufficiently explained; it has not been used to reconcile inventory cash movements.
Sources: 10-K · 2026-06-30
At June 30, cash and equivalents were $7.521 billion, excluding $110.1 million of restricted cash. Bank borrowings were $4.056 billion. Convertible notes had $4.725 billion face principal and $4.664 billion carrying value—two measures of the same obligations. They comprise $700 million at 2.25% due July 2028, $1.725 billion at 3.50% due 2029 and $2.3 billion with no regular interest due June 2030. Capped calls provide limited dilution protection, not cancellation of principal.
JPMorgan's $2 billion revolver was fully drawn; a further $1 billion expansion is conditional. The CTBC syndicated revolving facilities had $1.764 billion outstanding, separate from $183.249 million of CTBC credit lines and CTBC term loans of $21.075 million and $0.242 million. A July 23 extension moved the initial utilization's repayment date to January 22, 2027—not the entire facility's maturity. Collateral, guarantees and covenants constrain financing; reported compliance does not establish current headroom. E.SUN's specified ratio-verification waiver was one-time. June common and preferred offerings recorded net issuance amounts of $1.406 billion and $4.226 billion in the equity roll-forward. Preferred stock carries 7% cumulative dividends and expected mandatory conversion around June 2029, subject to its terms. Management's 12-month liquidity assessment depends on collections, financing and spending flexibility.
Sources: 10-K · 2026-06-30
BDO gave the financial statements an unqualified opinion but issued an adverse internal-control opinion. Three weaknesses were remediated; an IT-general-controls material weakness remained at June 30. Following the March 19, 2026 export-control indictment involving three then-associated individuals, Supermicro stated it was neither a defendant nor an alleged co-conspirator. Government inquiries remained ongoing at the annual filing, with possible penalties and export-privilege restrictions and no estimable outcome or loss. Favorable internal-investigation findings are company-reported conclusions, not government clearance.
Subleasing all 21 MW of its California colocation space does not remove Supermicro's original lease obligation through September 2035. Related lease liabilities were $290.2 million, and it had invested $92.5 million in the customer/sub-licensee; future receipts are not collected cash or guaranteed reimbursement. Malaysia's requested tax exemption remained unapproved and depended on an investment threshold by December 16, 2026, with minimum-tax interaction uncertain. The annual filing also contains inconsistent descriptions of convertible-note ranking; legal priority is not established here.
Sources: 10-K · 2026-06-30
USD 39.063072 bn
FY2026 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2026 | USD 39.063072 bn | 77.8% |
| 2025 | USD 21.972042 bn | 46.6% |
| 2024 | USD 14.989251 bn | — |
Consolidated product and service net sales, including related-party sales.
Sources: 10-K · 2026-06-30
USD 2.230453 bn
FY2026 · GAAP · consolidated · Attribution: parent · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2026 | USD 2.230453 bn | 112.7% |
| 2025 | USD 1.048854 bn | -9.0% |
| 2024 | USD 1.152666 bn | — |
Net income reported in the consolidated income statement and allocated to the parent in the equity roll-forward; before preferred-dividend and participating-security deductions.
Sources: 10-K · 2026-06-30
USD -6.809886 bn
FY2026 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2026 | USD -6.809886 bn | Turned negative |
| 2025 | USD 1.659524 bn | Turned positive |
| 2024 | USD -2.485972 bn | — |
Net cash provided by or used in operating activities; negative values denote cash use.
Sources: 10-K · 2026-06-30
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