SMCISupermicro
We are a Silicon Valley-based provider of total information technology ("IT") solutions which address demanding workloads from the enterprise and cloud to the intelligent edge. 10-K, Item 1
- Employees
- 7,000
- Headquarters
- San Jose, CA
- CEO
- Charles Liang
- Next results
- around Feb 2, 2027
What changed
10-K filed Aug 31, 2026 against Aug 28, 2025| Area | What changed | Source |
|---|---|---|
| Risk factors | 22 new paragraphs, nothing like them in the previous 10-K | 10-K Item 1A |
| Receivables growing faster than revenue | Receivables +177.9% vs revenue +77.8% (+100.1 pts) | 10-K · XBRL |
| Cash from operations lower than net income | Cash from operations −$6.8B vs net income $2.2B (FY ending 2026-06-30) | 10-K · XBRL |
| Inventory growing faster than revenue | Inventory +175.5% vs revenue +77.8% (+97.7 pts) | 10-K · XBRL |
| Auditor change | 8-K item 4.01 (change in certifying accountant) filed 2024-11-18 | 10-K · XBRL |
| Late filing notice (NT 10-K or NT 10-Q) | NT 10-Q filed 2025-02-11: the company said its 10-Q would be late (2 in 2 years) | 10-K · XBRL |
| Material weakness in internal control | “We have concluded that our internal control over financial reporting was not effective as of June 30, 2026 due to the existence of a material weakness in such controls, and we have also concluded that our disclosure controls and procedures were not effective as of June 30, 2026 due to material weakness in our internal control over financial reporting, as described in Part II, Item 9A, “Controls and Procedures” of this Annual Report.” | 10-K · XBRL |
| Accounting checks | 5 other checks clear, 6 worth a look | 10-K · XBRL |
| Insiders | No open-market buys in the last 90 days | Form 4 |
| Filings | 4 in the last 30 days | EDGAR |
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
What's new, in their words
10-K filed Aug 31, 2026Paragraphs in Risk Factors that were not in the 10-K filed 2025-08-28. Quoted as filed.
On March 19, 2026, the U.S. Attorney’s Office for the Southern District of New York unsealed an indictment of three individuals either employed or associated with the Company at the time, including Yih-Shyan (Wally) Liaw, a former Senior Vice President, Business Development and director on our Board, in connection with an alleged…
10-K, Item 1A
Accounting checks
latest 10-K5 of 11 clear 6 worth a look. Checks, not verdicts.
- !Receivables growing faster than revenueReceivables +177.9% vs revenue +77.8% (+100.1 pts)
- !Cash from operations lower than net incomeCash from operations −$6.8B vs net income $2.2B (FY ending 2026-06-30)
- !Inventory growing faster than revenueInventory +175.5% vs revenue +77.8% (+97.7 pts)
- !Auditor change8-K item 4.01 (change in certifying accountant) filed 2024-11-18
- !Late filing notice (NT 10-K or NT 10-Q)NT 10-Q filed 2025-02-11: the company said its 10-Q would be late (2 in 2 years)
- !Material weakness in internal control“We have concluded that our internal control over financial reporting was not effective as of June 30, 2026 due to the existence of a material weakness in such controls, and we have also concluded that our disclosure controls and procedures were not effective as of June 30, 2026 due to material weakness in our internal control over financial reporting, as described in Part II, Item 9A, “Controls and Procedures” of this Annual Report.”
- ✓No statement of substantial doubt about going concern
- ✓No 8-K item 4.02 in the last 2 years
- ✓The same matters as last year: Valuation of Inventories; Revenue Recognition from Contracts with Customers
- ✓No 8-K item 2.06 in the last 2 years
- ✓No 8-K item 1.03 in the last 2 years
In the last 30 days
All filings →- Nov 6, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
- Nov 3, 20268-K Quarterly results, Other events 8-K items 2.02, 8.01
- Oct 20, 20268-K Quarterly results 8-K item 2.02
- Oct 15, 20268-K Director or officer change 8-K item 5.02
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