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Screener / SEC EDGAR /CIK 0001375365 /10-K filed Aug 31, 2026, compared with Aug 28, 2025 /Numbers from the XBRL of the 10-Ks
Technology peers:
SMCIINTCCRMCSCOAMDHPQ
Nasdaq Technology · Computer Hardware

Supermicro SMCI

SMCI quote by TradingView

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
Compare with peers Embed

Where each dollar of revenue went, FY2026

Revenue of $39.1B through the costs to a net profit of $2.2B · income statement of the 10-K

7% operating margin
Revenue to Gross profit: $4.2BRevenue to Cost of revenue: $34.8BGross profit to Operating profit: $2.8BGross profit to Operating expenses: $1.5BOperating profit to Net profit: $2.2BOperating profit to Tax: $540.0MOperating expenses to R&D: $771.2MOperating expenses to Sales, admin & other: $685.5M Revenue: $39.1B REVENUE $39.1B +78% Y/Y Gross profit: $4.2B · 11% margin GROSS PROFIT $4.2B 11% margin · +74% Y/Y Cost of revenue: $34.8B · 89% of revenue COST OF REVENUE $34.8B 89% of revenue Operating profit: $2.8B · 7% margin OPERATING PROFIT $2.8B 7% margin · +121% Y/Y Operating expenses: $1.5B · 4% of revenue OPERATING EXPENSES $1.5B 4% of revenue Net profit: $2.2B · 6% margin NET PROFIT $2.2B 6% margin · +113% Y/Y Tax: $540.0M · 1% of revenue TAX $540.0M 1% of revenue R&D: $771.2M · 2% of revenue R&D $771.2M 2% of revenue Sales, admin & other: $685.5M · 2% of revenue SALES, ADMIN & OTHER $685.5M 2% of revenue
Gross profit $4.2B 11% margin · +74% Y/Y
Operating profit $2.8B 7% margin · +121% Y/Y
Net profit $2.2B 6% margin · +113% Y/Y
The full income statement, year by year

SMCI among Technology peers

Six ratios from the latest 10-K. Each corner is the share of 74 peers the company is above, not a score.

Compare
Revenue growth: 77.8%, above 96% of 74 peers (their median 14.0%) REVENUE GROWTH 77.8% · above 96% Gross margin: 11.7%, above 3% of 67 peers (their median 58.0%) GROSS MARGIN 11.7% · above 3% Operating margin: 8.6%, above 19% of 70 peers (their median 23.8%) OPERATING MARGIN 8.6% · above 19% Net margin: 6.8%, above 18% of 74 peers (their median 19.2%) NET MARGIN 6.8% · above 18% FCF margin: -12.0%, above 3% of 70 peers (their median 23.7%) FCF MARGIN -12.0% · above 3% Return on capital: 11.1%, above 44% of 61 peers (their median 12.7%) RETURN ON CAPITAL 11.1% · above 44%
SMCI Peer median Below the median

What changed

22 new risk paragraphs and 6 accounting facts worth reading about. 10-K filed Aug 31, 2026 against Aug 28, 2025.

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 Jun 30, 2026)
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 Nov 18, 2024
10-K · XBRL
Late filing notice (NT 10-K or NT 10-Q)
NT 10-Q filed Feb 11, 2025: 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
1 open-market buy in the last 90 days
Form 4
Filings
5 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.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

6facts worth reading about the other 5 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +177.9% vs revenue +77.8% (+100.1 pts)
  • Cash from operations lower than net income
    Cash from operations −$6.8B vs net income $2.2B (FY ending Jun 30, 2026)
  • Inventory growing faster than revenue
    Inventory +175.5% vs revenue +77.8% (+97.7 pts)
  • Auditor change
    8-K item 4.01 (change in certifying accountant) filed Nov 18, 2024
  • Late filing notice (NT 10-K or NT 10-Q)
    NT 10-Q filed Feb 11, 2025: 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
4 more checks with nothing to note
  • 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 their words

22 paragraphs in Risk Factors that were not in the 10-K filed Aug 28, 2025. Quoted as filed.

All 22 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Aug 28, 2025 10-K, ITEM 1A
    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…
  2. Item 1A · new paragraph · not in the 10-K filed Aug 28, 2025 10-K, ITEM 1A
    AI or machine learning technologies usage by our service providers in their business activities, whether or not known to us, could also expose us to risks. The failure of one or more such service providers to meet our expectations, including by use of AI tools in contravention of agreements with us, inputting our confidential or…
  3. Item 1A · new paragraph · not in the 10-K filed Aug 28, 2025 10-K, ITEM 1A
    Climate change may have an increasingly adverse impact on our business and on our customers, partners and vendors. Water and energy availability and reliability in the regions where we conduct business is critical, and certain of our facilities may be vulnerable to the impacts of extreme weather events. Extreme heat and wind coupled…
  4. Item 1A · new paragraph · not in the 10-K filed Aug 28, 2025 10-K, ITEM 1A
    We have been, are currently, and may in the future be subject to various lawsuits, stockholder derivative actions, class action lawsuits, individual or mass arbitration proceedings, and other types of legal proceedings, as well as other disputes, claims, and regulatory or governmental inquiries and investigations, including with regard…

New risk paragraphs, against peers

Latest 10-K of each, Technology companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

From the same starting line, FY2017 to FY2026

Revenue, net income and free cash flow, each set to 100 in FY2017. What happened, from the 10-Ks. Not a forecast.

FY2017 = 100
0 1000 2000 3000 100 Revenue: $2.5B in FY2017, $39.1B in FY2026 REVENUE $39.1B · 15.7x Net income: $66.9M in FY2017, $2.2B in FY2026 NET INCOME $2.2B · 33.4x FY2017 = 100FY2022FY2026
Revenue 15.7x $2.5B to $39.1B
Net income 33.4x $66.9M to $2.2B

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2023FY2024FY2025FY2026
Revenue$7.1B$15.0B$22.0B$39.1B
Net income$640.0M$1.2B$1.0B$2.2B
Operating cash flow$663.6M−$2.5B$1.7B−$6.8B
Free cash flow$626.8M−$2.6B$1.5B−$7.0B

Revenue, FY2017 to FY2026

Ten fiscal years, each from its own 10-K · XBRL · USD

$39.1B ▲ 77.8% in FY2026

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Every number, year by year

Recent filings

5 filings in the last 30 days · SEC EDGAR

All filings

About the company

Supermicro, San Jose, CA · from the 10-K filed Aug 31, 2026

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. We deliver rack-scale solutions optimized for various workloads, including artificial intelligence (“AI”) and high-performance computing (“HPC”), where acceleration is critical. Additionally, we offer an extensive portfolio of server and storage solutions for enterprise data centers, cloud service providers ("CSPs"), and edge computing applications, such as 5G Telco, Retail and embedded.

Headquarters
San Jose, CA
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
June 30
Last results
Nov 3, 2026
Incorporated in
CA

Employees, at the top of the page: "As of June 30, 2026, we employed over 7,000 employees, consisting of approximately 3,500 employees engaged in research and development, approximately 800 engaged in sales and marketing, approximately 600 engaged in general and administrative, and approximately 2,100 engaged in manufacturing" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed Aug 31, 2026 (open at SEC), compared with the 10-K filed Aug 28, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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