Stock Analysis on Net

Super Micro Computer Inc. (NASDAQ:SMCI)

$24.99

Analysis of Revenues

Microsoft Excel

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Revenues as Reported

Super Micro Computer Inc., income statement, revenues

US$ in thousands

Microsoft Excel
12 months ended: Jun 30, 2025 Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020
Server and storage systems
Subsystems and accessories
Net sales

Based on: 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30).


Overall Revenue Trend
The net sales demonstrate a strong upward trajectory over the six-year period, increasing from approximately $3.34 billion in 2020 to nearly $21.97 billion by 2025. This represents a significant growth, indicating robust business expansion and increased market demand.
Server and Storage Systems
The revenue from server and storage systems shows a consistent and substantial increase year-over-year. Starting at about $2.62 billion in 2020, it rises steadily to over $21.31 billion in 2025. Notably, the growth accelerates from 2022 onward, suggesting potentially successful product developments or market share gains in this segment.
Subsystems and Accessories
Revenues in the subsystems and accessories category display a different pattern, with fluctuations over the years. It begins at roughly $718 million in 2020, peaks slightly at around $767 million in 2021, then declines to about $554 million in 2023. A modest recovery is observed in 2024 reaching over $804 million, followed by a decrease to approximately $660 million in 2025. This volatility contrasts with the steady growth found in server and storage systems, indicating potential challenges or shifts in market conditions for this segment.
Relative Contribution to Net Sales
Server and storage systems constitute the major portion of total net sales throughout the period, with their share increasing as the segment experiences accelerated growth. In contrast, subsystems and accessories contribute a smaller and more variable portion, reflecting their less consistent revenue pattern and possibly a lower priority or demand in the overall product mix.
Summary of Key Insights
Overall, the company's revenue growth is primarily driven by its server and storage systems, which show robust and accelerating expansion. The subsystems and accessories segment appears less stable, with revenue fluctuations that may warrant further analysis to understand underlying causes. The substantial increase in net sales over the examined period suggests successful strategic positioning and strong market demand in the core product category.