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: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Return on Equity (ROE) since 2007
- Debt to Equity since 2007
- Analysis of Debt
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Super Micro Computer Inc., consolidated income statement (quarterly data)
US$ in thousands
Based on: 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), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30).
- Net sales
- Net sales showed a generally increasing trend from September 2018 through December 2021, rising from approximately $971 million to over $1.17 billion. A significant upward surge began in early 2022, peaking at about $5.94 billion in December 2024 before declining to around $4.6 billion by the third quarter of 2025. This pattern indicates substantial growth with some recent volatility or normalization.
- Cost of sales
- The cost of sales mirrored the overall growth in net sales but exhibited a consistently high magnitude, increasing from approximately $848 million in September 2018 to a peak of about $5.16 billion in December 2024. The cost increased at a slightly slower pace than sales initially, leading to improved gross profit margins, but the sharp rise in costs in line with sales growth suggests tight cost control challenges towards the later periods.
- Gross profit
- Gross profit generally increased over the observed period, starting at $123 million in September 2018 and reaching its peak of approximately $775 million in March 2025. This growth is relatively proportional to sales growth, with fluctuations possibly related to cost management effectiveness. The gross profit dipped in late 2025, aligning with the decrease in net sales and cost of sales.
- Research and development expenses
- Research and development (R&D) expenses increased steadily over time, starting around $43 million in late 2018 and rising to approximately $163 million by the middle of 2025. This indicates a sustained, growing investment in R&D, reflecting a strategic focus on innovation or product development despite fluctuations in sales.
- Sales and marketing expenses
- Sales and marketing expenses showed a general upward trend, rising from about $18 million in September 2018 to a peak around $80 million in late 2024, followed by a slight decrease in 2025. The growth in marketing expenditures aligns with overall sales expansion, suggesting increased efforts to support revenue growth.
- General and administrative expenses
- General and administrative expenses fluctuated in the earlier period but showed an overall upward trend, increasing from about $33 million in 2018 to peaks above $74 million by the end of 2024. This growth suggests rising overhead costs possibly associated with company expansion, followed by stabilization around $64 to $71 million in 2025.
- Operating expenses
- Operating expenses, encompassing R&D, sales and marketing, and general administrative costs, rose from roughly $95 million in late 2018 to nearly $301 million by mid-2025. The trend indicates substantial increases in overall operational spending, corresponding with expanding business activities but also highlighting rising cost pressures.
- Income from operations
- Operating income displayed volatility, with initial values around $28 million, dipping at times, and then surging significantly from 2021 onwards, reaching peaks around $509 million in early 2025. This rebound suggests improving operational efficiency or margin expansion despite higher expenses, although there is variability in the trend.
- Other income (expense), net
- Other income and expense fluctuated considerably with positive and negative swings. Notable positive spikes occurred in several quarters from 2021 to 2024, with peaks exceeding $13 million, while sharp negative values appeared sporadically. This volatility indicates an inconsistent contribution from non-operating activities.
- Interest expense
- Interest expense generally increased over the timeline, starting at about $2.4 million and reaching peaks over $17 million in 2024 before slightly decreasing. This increase signals growing debt levels or higher borrowing costs, contributing to rising financial expenses.
- Income before income tax provision
- Pre-tax income followed a pattern similar to operating income, with initial modest levels, some fluctuations, and a marked increase beginning around 2021. It peaked just below $500 million in early 2025, demonstrating enhanced profitability before tax effects.
- Income tax (provision) benefit
- Income tax expense varied considerably, with some periods showing tax benefits and others with sizable provisions. Large tax provisions occurred particularly from 2021 to 2024, reflecting stronger pre-tax earnings but also significant tax obligations, impacting net income variability.
- Share of income (expense) from equity investee, net of taxes
- The share from equity investees was relatively minor relative to overall earnings, fluctuating between small positive and negative amounts. This item had a limited impact on total profitability except for occasional quarters with moderate positive contributions.
- Net income
- Net income exhibited a growth trajectory over time, increasing from about $19 million in late 2018 to a peak exceeding $424 million in early 2025. Although there were earnings fluctuations during this period, especially aligned with tax and operating income variations, the long-term trend demonstrates expanding profitability.