Income Statement
Quarterly Data
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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- Balance Sheet: Assets
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Geographic Areas
- Enterprise Value to EBITDA (EV/EBITDA)
- Dividend Discount Model (DDM)
- Return on Equity (ROE) since 2007
- Current Ratio since 2007
- Debt to Equity since 2007
- Price to Book Value (P/BV) since 2007
- Analysis of Debt
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Super Micro Computer Inc., consolidated income statement (quarterly data)
US$ in thousands
Based on: 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30).
- Net sales
- Net sales exhibited notable fluctuations throughout the observed periods, with an initial decline from September 2019 to March 2020, followed by a general upward trend peaking in December 2021. Subsequently, there was a significant dip in the first quarter of 2023, after which net sales resumed an upward trajectory reaching record highs in late 2023 and early 2024, before declining again in the mid-2025 period.
- Cost of sales
- The cost of sales followed a pattern broadly consistent with net sales movements, although the reductions and increases were generally proportionate. Costs peaked alongside sales in late 2023 and early 2024, indicating increased operational activity. The cost intensity appeared to rise in 2024 before experiencing a reduction in mid-2025.
- Gross profit
- Gross profit showed growth over the period, with a steady increase from early 2021, reaching substantial peaks in late 2022 and sustained high levels into 2024. The gains were somewhat volatile, reflecting the variability in sales and cost of sales, particularly the sharp increases in gross profit during 2023 and early 2024 relative to prior periods.
- Research and development expenses
- Research and development expenses increased significantly over the timeframe, nearly quadrupling from the beginning to the end of the period. The rising R&D spend points to a strategic focus on innovation and product development. Notably, there were sharp increases starting in 2022 and accelerating into 2024 and 2025, indicating ongoing investment in this area despite fluctuations in profitability.
- Sales and marketing expenses
- Sales and marketing costs remained relatively stable initially but experienced consistent growth from 2021 onwards. Despite some minor decreases in late 2022 and early 2023, overall spending in this category increased sharply by 2025, suggesting intensified efforts in market penetration and brand promotion aligned with growing sales volumes.
- General and administrative expenses
- General and administrative expenses fluctuated but showed an upward trend over the period, particularly rising sharply during 2023. The spikes in late 2023 and 2024 suggest increased overheads possibly linked to scaling operations or increased administrative complexity amid the company’s expansion.
- Operating expenses
- The combined operating expenses followed an increasing trend consistent with the detailed individual expense lines. Overall, operating expenses rose steadily, reflecting increased costs related to R&D, sales and marketing, and administration. The steep rise during 2023 and 2024 highlights the company’s broad investment in operational capacity.
- Income from operations
- Income from operations showed significant variability, with occasional declines in 2020 and parts of 2023, but overall demonstrated growth, particularly from late 2021 through early 2024. The highest values were recorded in 2023, underscoring improved operational efficiency or higher-margin sales during that period, despite rising expenses.
- Other income (expense), net
- Other income (expense), net, was volatile with alternating positive and negative values. Periods of substantial other income occurred late 2021 and early 2022 and again in 2023-2024, while negative impacts appeared in mid-2022 and parts of 2023-2024. This fluctuation suggests variable gains or losses from non-operational activities or investments.
- Interest expense
- Interest expense increased significantly, especially from late 2021 onward, reaching peaks in 2024 and again in mid-2025. The rising trend indicates growing debt levels or higher borrowing costs, which may impact net profitability and cash flows.
- Income before income tax provision
- Income before income tax varied in line with operational income and other income fluctuations. There was clear growth from 2021 through 2023, peaking in 2023 and early 2024, but a substantial decrease occurred in mid-2025, reflecting the combined effects of operational performance and non-operational factors.
- Income tax (provision) benefit
- Income tax provisions were generally negative, with significant tax expenses recorded in most quarters. Some positive or reduced tax impacts appeared sporadically, notably in early 2020 and 2023, suggesting varying effective tax rates or tax benefits. The largest tax expenses aligned with periods of highest pre-tax income.
- Share of income (expense) from equity investee, net of taxes
- This item exhibited high volatility with both positive and negative values across the periods. Its impact on net income was generally minor compared to other items but showed episodes of gains particularly in 2023, highlighting some influence from related entity performance.
- Net income
- Net income displayed significant variability, correlated with the trends in sales, operating income, and tax provisions. Despite some volatility, net income grew substantially from 2020 to 2023, peaking in late 2023 and early 2024. However, notable declines occurred in mid-2025, partially reflecting increased interest expense and other operational costs.