Super Micro Computer, Inc. (SMCI) Stock Price & Analysis
Super Micro Computer, Inc. (SMCI) closed at USD 33.72 on Thursday, October 22, 2026, down 5.20% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 35.57; the Oct 22, 2026 session ranged USD 32.96–34.93 on volume of 43,909,451 shares. Market capitalization is $22.15B, with a 52-week range of USD 19.48–54.08 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:16 UTC.
Also available as compact Markdown for AI agents: nexqual.com/SMCI.md
Key facts (SMCI)
- Last four reported quarters (through Jun 30, 2026): revenue $39.1B, net income $2.23B (5.7% margin), free cash flow -$6.97B (SEC filings).
- Valuation: P/E 9.9x (avg 27.1x at the last 3 fiscal year-ends), EV/EBITDA 6.8x, net cash $2.88B.
- Insider open-market sales, last ~7 months: 4 Form 4 filings, $24.4M; 0 not under a Rule 10b5-1 plan ($0K); 4 by opportunistic insiders (0 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.89 on a 1–5 scale) (18 analysts), mean target USD 43.27 (range 15–60).
- Total return with dividends: 1Y -29.6% vs S&P 500 +14.9%; 5Y +855.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 1.2, revenue estimate $16.3B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (SMCI)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $5.20B | $7.12B | $15.0B | $22.0B | $39.1B | $39.1B |
| Gross profit | $800M | $1.28B | $2.06B | $2.43B | $4.23B | — |
| Operating income | $335M | $761M | $1.21B | $1.25B | $2.77B | $2.77B |
| Net income | $285M | $640M | $1.15B | $1.05B | $2.23B | $2.23B |
| EPS (diluted) | $0.53 | $1.14 | $1.92 | $1.68 | $3.26 | — |
| Free cash flow | -$486M | $627M | -$2.61B | $1.53B | -$6.97B | -$6.97B |
| Gross margin | 15.4% | 18.0% | 13.8% | 11.1% | 10.8% | — |
| Operating margin | 6.5% | 10.7% | 8.1% | 5.7% | 7.1% | 7.1% |
| Net margin | 5.5% | 9.0% | 7.7% | 4.8% | 5.7% | 5.7% |
| Revenue growth | +46.1% | +37.1% | +110.4% | +46.6% | +77.8% | — |
| Cash + short-term investments | $267M | $440M | $1.67B | $5.18B | $7.54B | — |
| Total debt | $597M | $290M | $1.70B | $4.65B | $4.66B | — |
Fiscal years end Jun. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (SMCI)
P/E 9.9x · P/S 0.6x · EV/EBITDA 6.8x · EV/Sales 0.5x · P/B 1.5x · FCF yield -31.47% · Earnings yield 10.07% · Net cash $2.88B · EV $19.3B
P/E at fiscal year-ends: Jun 2026 9.2x, Jun 2025 29.4x, Jun 2024 42.8x.
Insider sales (SEC Form 4, open-market, last ~7 months) (SMCI)
4 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-07 | Liu Liang Chiu-Chu Sara | Director | 100,000 | $4.5M | 0.2% | Yes (adopted May 26, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-10-07 | Liang Charles | President and CEO | 100,000 | $4.5M | 0.4% | Yes (adopted May 26, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-09-03…2026-09-04 | Liang Charles | President and CEO | 200,000 | $7.7M | 0.3% | Yes (adopted May 26, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-09-03…2026-09-04 | Liu Liang Chiu-Chu Sara | Director | 200,000 | $7.7M | 0.3% | Yes (adopted May 26, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (SMCI)
Consensus Hold (mean 2.89 on a 1–5 scale), 18 analysts; mean target USD 43.27 (low 15, high 60).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Rosenblatt | Target raised | Buy | $51 → $57 |
| 2026-10-16 | Rosenblatt | Maintained | Buy | $51 |
| 2026-10-08 | Citigroup | Target raised | Neutral | $39 → $45 |
| 2026-10-06 | Mizuho | Target raised | Neutral | $35 → $43 |
| 2026-08-12 | Citigroup | Target raised | Neutral | $33 → $39 |
| 2026-08-12 | Goldman Sachs | Target raised | Sell | $30 → $34 |
| 2026-08-12 | Mizuho | Target raised | Neutral | $34 → $35 |
| 2026-08-12 | Wedbush | Target raised | Neutral | $34 → $40 |
| 2026-08-12 | Needham | Reiterated | Buy | $46 |
| 2026-08-12 | Barclays | Target raised | Equal-Weight | $38 → $39 |
| 2026-08-12 | Rosenblatt | Target raised | Buy | $45 → $51 |
| 2026-07-23 | Mizuho | Target lowered | Neutral | $44 → $34 |
Total return (dividends reinvested) (SMCI)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -29.6% | +855.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -29.7% | +56.9% |
| Volatility (annualized) | 95.5% | 91.6% |
| Max drawdown | -61.0% (Oct 2025→Mar 2026) | -83.7% (Mar 2024→Nov 2024) |
SMCI revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Service and Software | $169.8M | 1.5% | +97.4% |
| Service | $139.9M | 1.3% | +127.9% |
| Total revenue | $11.12B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
SMCI suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Ablecom Technology | “In addition to providing a large volume of contract manufacturing services to us, Ablecom warehouses multiple components and subassemblies manufactured by various suppliers before shipping them to our facilities in the United States, Europe, and Asia.” |
| Supplier | Compuware Technology | “•Our reliance on Ablecom and Compuware could be subject to risks associated with our reliance on a limited source of contract manufacturing services and inventory warehousing;” |
| Partner | NVIDIA (NVDA) | “We work closely with NVIDIA, Intel and AMD, among others, to develop products that are compatible with the latest generation of industry-standard technologies under development.” |
| Partner | Intel (INTC) | “We work closely with NVIDIA, Intel and AMD, among others, to develop products that are compatible with the latest generation of industry-standard technologies under development.” |
| Partner | AMD (AMD) | “We work closely with NVIDIA, Intel and AMD, among others, to develop products that are compatible with the latest generation of industry-standard technologies under development.” |
| Related party | Leadtek Research | “Prior to the Leadtek Investment, none of our related parties had direct or indirect material interests in any transactions in which we were a participant with Leadtek.” |
| Competitor | Cisco (CSCO) | “•global technology vendors, such as Cisco, Dell, Hewlett-Packard Enterprise, and Lenovo; and” |
| Competitor | Dell Technologies (DELL) | “•global technology vendors, such as Cisco, Dell, Hewlett-Packard Enterprise, and Lenovo; and” |
| Competitor | Lenovo | “•global technology vendors, such as Cisco, Dell, Hewlett-Packard Enterprise, and Lenovo; and” |
| Competitor | Hon Hai (Foxconn) | “•ODMs, such as Foxconn, Quanta Computer, and Wiwynn Corporation.” |
| Competitor | Quanta Computer | “•ODMs, such as Foxconn, Quanta Computer, and Wiwynn Corporation.” |
Quoted from the company's 10-K filed Aug 31, 2026.
Companies that name SMCI in their SEC reports
| Relationship to SMCI | Company | Filing | Sentence |
|---|---|---|---|
| customer | Penguin Solutions, Inc. (PENG) | 10-K Oct 20, 2026 | “They also include some of the world's largest providers of computing, communications and graphics processors, including Intel Corporation ("Intel"), Advanced Micro Devices, Inc. and TD SYNNEX Corporation; as well as providers of subsystems including Intel; networking products including Super Micro Computer, Inc. and Juniper Networks, Inc.; and suppliers of software products.” |
| partner | Nutanix, Inc. (NTNX) | 10-K Sep 18, 2026 | “NAI provides inferencing on CNCF Kubernetes, running across public clouds, data centers, the edge, neoclouds, and OEM partner platforms (such as Cisco, Dell, and Supermicro), complete with Day 2 operations, security, and resilience.” |
| customer | IREN Ltd (IREN) | 10-K Aug 27, 2026 | “We maintain relationships with semiconductor manufacturers, original equipment manufacturers ("OEMs"), original design manufacturers ("ODMs"), and other infrastructure suppliers, including NVIDIA, AMD, Dell Technologies, Lenovo, Supermicro, Gigabyte and leading storage and networking providers.” |
| customer | HIVE Digital Technologies Ltd. (HIVE) | 10-K Jun 2, 2026 | “The Company has purchased GPU cards manufactured by Nvidia and AMD, while GPU server cases are manufactured by Dell or Supermicro.” |
| partner | AIB Data Centers Inc. (AIB) | 10-K Mar 31, 2026 | “collaboration with Super Micro for AI data center hardware, supports our ability to execute on this strategy in a disciplined manner over” |
| partner | Rubrik, Inc. (RBRK) | 10-K Mar 19, 2026 | “Our Original Equipment Manufacturer Agreement with Supermicro expires in November 2026, with the option to terminate upon each automatic annual renewal thereafter, and does not contain minimum purchase requirements that we must satisfy.” |
| customer | Ingram Micro Holding Corp (INGM) | 10-K Mar 3, 2026 | “Our suppliers are the world's most trusted technology leaders, along with emerging technology brands, which include the industry's premier hyperscalers, computer hardware suppliers, mobility hardware suppliers, networking equipment suppliers and software publishers such as Microsoft, Amazon Web Services, Google Cloud, NVIDIA, Advanced Micro Devices, Apple, Cisco, Dell Technologies, Hewlett Packard Enterprise, HP I…” |
| competitor | Hewlett Packard Enterprise Co (HPE) | 10-K Dec 18, 2025 | “Our primary competitors in data center infrastructure are technology vendors, such as Dell Technologies Inc., Super Micro Computer, Inc., Cisco Systems, Inc., and Lenovo Group Ltd. In certain regions, we also experience competition from local companies and from generically branded or "white-box" manufacturers.” |
SMCI customer concentration
In the period ended Jun 30, 2026, a single direct customer accounted for 28.1% of revenue, per the company's 10-K filed Aug 31, 2026. The company does not name it.
SMCI company outlook (results filed Oct 20, 2026)
- “Such forward looking statements may include statements regarding, among other things, updated guidance for the first quarter of fiscal year 2027 and statements regarding demand, new orders and backlog levels.”
- “Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are detailed in our filings with the Securities and Exchange Commission, including those factors discussed under the caption "Risk Factors" in such filings, particularly in our Annual Report on Form 10-K for our fiscal year ended June 30, 2026.”
Quoted word-for-word from the SEC 8-K results press release.
SMCI analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.20 | $0.76 | +56.7% | $16.26B | 17 |
| Next quarter (ends Dec 2026) | $1.13 | $0.85 | +33.4% | $17.51B | 17 |
| Current fiscal year (ends Jun 2027) | $4.67 | $3.35 | +39.4% | $70.00B | 18 |
| Next fiscal year (ends Jun 2028) | $5.59 | $3.86 | +44.8% | $81.40B | 17 |
SMCI options: expected move
Options price a move of about ±16.4% (±$5.49) by Nov 6, 2026, which includes earnings on Nov 3, 2026; the earnings reaction alone is priced at about ±10.5%. Over the last 8 reports the stock moved ±17.6% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 78.8% | ±9.1% |
| Nov 6, 2026 | 14 | 100.8% | ±16.4% |
| Nov 13, 2026 | 21 | 92.6% | ±18.3% |
| Nov 20, 2026 | 28 | 88.6% | ±19.9% |
| Nov 27, 2026 | 35 | 83.7% | ±21.1% |
| Dec 4, 2026 | 42 | 85.4% | ±23.4% |
| Dec 18, 2026 | 56 | 79.9% | ±25.3% |
| Jan 15, 2027 | 84 | 77.0% | ±29.5% |
30-day implied volatility 87.2% vs 77.4% realized over the last 30 trading days. Put/call ratio (volume) 0.67. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:16 UTC)
| Price | USD 33.72 |
|---|---|
| Change | ▼ 5.20% (down) |
| Previous Close | USD 35.57 |
| Open | USD 34.44 |
| Day Range | USD 32.96 – 34.93 |
| 52-Week Range | USD 19.48 – 54.08 |
| Volume | 43,909,451 shares |
| Market Cap | $22.15B |
| Exchange | NMS |
Technical Analysis (SMCI)
Nexqual's technical model rates SMCI "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:16 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 38.91 (neutral) |
| vs SMA50 | Below (USD 38.71) |
| MACD | -1.59 (negative) |
Analyst Ratings (SMCI)
Wall Street analysts rate SMCI "Hold" based on 18 analysts, with a mean price target of USD 43.27 (range USD 15–60), per Nexqual as of October 23, 2026 at 09:16 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 18 |
| Mean Target | USD 43.27 |
| High Target | USD 60 |
| Low Target | USD 15 |
| Buy / Hold / Sell | 4 / 11 / 3 |
Earnings (SMCI)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD 1.2 |
| Revenue Estimate | $16.26B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.7 vs est 0.96 ▲ beat |
| 2026-03-31 | USD 0.84 vs est 0.62 ▲ beat |
| 2025-12-31 | USD 0.69 vs est 0.49 ▲ beat |
| 2025-09-30 | USD 0.35 vs est 0.39 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Financials & Fundamentals (SMCI)
| Total Revenue | $39.06B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +93.20% |
| Gross Margin | +10.82% |
| Operating Margin | +13.38% |
| Profit Margin | +5.71% |
| ROE | +21.47% |
| Debt / Equity | 0.64 |
| Current Ratio | 3.87 |
| Total Cash | $7.54B |
| Total Debt | $9.26B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$6.97B (-17.8% of revenue) |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Financial Health Score (SMCI)
Nexqual rates Super Micro Computer, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:16 UTC.
| Growth | Strong — Revenue +78% YoY (annual) |
|---|---|
| Profitability | Weak — Gross margin 11% (last 12 months) |
| Balance Sheet | Strong — $7.54B cash and investments vs $4.66B debt (Jun 2026, SEC), net cash |
| Cash Flow | Weak — FCF negative: -$6.97B (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Strong — ROE 21%, ROA 7.9% |
Ownership (SMCI)
| Insider Ownership | +12.66% |
|---|---|
| Institutional Ownership | +69.34% |
| Shares Outstanding | 656.97M |
| Float | 557.72M |
| Short % of Float | +14.82% |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Leadership (SMCI)
Super Micro Computer, Inc. is led by Charles Liang, Founder, Chairman of the Board, President & CEO, per Nexqual as of October 23, 2026 at 09:16 UTC.
| Founder, Chairman of the Board, President & CEO | Charles Liang |
|---|---|
| Co-Founder, Senior VP & Director | Chiu-Chu Liu Liang |
Major Backers & Investors (SMCI)
Notable institutional backers of Super Micro Computer, Inc. include Jane Street Group, LLC, UBS Group AG, Invesco, according to Nexqual as of October 23, 2026 at 09:16 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Jane Street Group, LLC | 4.38% |
| UBS Group AG | 3% |
| Invesco | 1.78% |
| Goldman Sachs | 1.69% |
| Two Sigma Investments, LP | 1.49% |
| Fidelity | 1.11% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 10.53% |
| BlackRock | 7.26% |
| State Street | 3.75% |
| Geode Capital | 2.36% |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
From Super Micro Computer, Inc.'s Latest SEC 10-K Filing (filed 2026-08-31)
Key Strengths & Strategy (as disclosed to the SEC)
- During each of the fiscal years ended June 30, 2026, 2025, and 2024, we sold to over 1,000 customers in over 100 countries.
- Our in-house design competencies, design control over many of the sub-systems required within our server and storage systems, and our Server Building Block Solutions® (an innovative, modular and open architecture) enable us to rapidly develop, build and test complete solutions, which include servers, storage, software, and networking components.
- We believe our approach of leveraging an overall architecture that balances data center power requirements, cooling, shared resources and refresh cycles helps reduce environmental impact while providing TCO savings for our customers.
- We believe that the combination of our focus on internal research and development activities, our close working relationships with local customers and vendors and our modular design approach allows us to decrease time-to-market, improve quality and deliver superior product designs.
Partnerships
- Combined with continued investment in technology leadership, manufacturing scale, and global compliance, we are enabling customers to deploy AI infrastructure faster and more efficiently, offering a comprehensive portfolio of high-performance, application-optimized server, storage and networking solutions.
Legal & Regulatory Risks (Item 1A, quoted)
- Our cost structure, ability to deliver server solutions to customers, and ability to resolve warranty claims in a timely manner may be adversely affected by volatility of the market for core components and certain materials for our products.
- Risks Related to Regulatory, Legal, Our Stock, and Other Matters
- We are subject to complex laws, rules, regulations, and political and other actions, including restrictions on the export of our products, which may adversely impact our business.
- Failure to comply with the U.S. Foreign Corrupt Practices Act, other applicable anti-corruption and anti-bribery laws, and applicable trade control laws could subject us to penalties and other adverse consequences.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| HPQ | HP Inc. | USD 33.76 | ▲ 7.79% |
| LOGI | Logitech International S.A. - R | USD 112.52 | ▲ 1.98% |
| IONQ | IonQ, Inc. | USD 31.16 | ▼ 3.47% |
| P | Everpure, Inc. | USD 121.2 | ▼ 7.43% |
| QBTS | D-Wave Quantum Inc. | USD 11.63 | ▼ 3.88% |
| IQMX | IQM Quantum Computers Oyj | USD 8.9 | ▼ 5.12% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:16 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt