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.
Super Micro Computer Inc., consolidated income statement (quarterly data)
US$ in thousands
Based on: 10-K (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-Q (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 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).
An analysis of the quarterly financial results reveals a period of aggressive revenue expansion and significant growth in net profitability. Net sales experienced a substantial upward trajectory, increasing from 762.25 million US dollars in September 2020 to 11.12 billion US dollars by June 2026. This growth accelerated sharply after December 2023, reflecting a rapid scaling of commercial activity.
- Revenue and Gross Profit Trends
- Revenue growth was accompanied by a corresponding increase in the cost of sales. While gross profit grew from 129.92 million US dollars in September 2020 to 1.94 billion US dollars in June 2026, the cost of sales remained a significant portion of total net sales, indicating a high-volume, lower-margin business model. A notable spike in gross profit is observed in the final quarter of the analyzed period.
- Operating Expense Scaling
- Operating expenses increased steadily across all categories to support the expanded scale of operations. Research and development expenses grew from 54.80 million US dollars to 201.50 million US dollars, while sales and marketing costs rose from 20.29 million US dollars to 142.08 million US dollars. General and administrative expenses followed a similar upward path, increasing from 24.38 million US dollars to 111.00 million US dollars. Despite these increases, operating expenses grew at a slower rate than net sales, demonstrating improved operating leverage.
- Profitability and Net Income
- Income from operations showed a marked increase, rising from 30.45 million US dollars in September 2020 to 1.49 billion US dollars in June 2026. Net income mirrored this growth, peaking at 1.18 billion US dollars in the final quarter. The transition from modest quarterly profits to billion-dollar results indicates a significant shift in the company's earnings capacity.
- Financial Obligations and Taxation
- Interest expenses rose significantly in the later periods, increasing from less than 1 million US dollars per quarter in 2020 to 79.80 million US dollars by June 2026. This trend is partially offset by the emergence of substantial interest income starting in December 2025. Additionally, income tax provisions increased in tandem with profitability, reaching 290.13 million US dollars in the most recent quarter.
Overall, the financial trajectory is characterized by hyper-growth in the top line, which has successfully translated into exponential bottom-line growth despite rising operational costs and increased interest obligations.
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