Selected Financial Data
since 2007
Income Statement
Super Micro Computer Inc., selected items from income statement, long-term trends
US$ in thousands
| 12 months ended: | Net sales | Income from operations | Net income |
|---|---|---|---|
| Jun 30, 2026 | 39,063,072) | 2,770,486) | 2,230,453) |
| Jun 30, 2025 | 21,972,042) | 1,252,994) | 1,048,854) |
| Jun 30, 2024 | 14,989,251) | 1,210,774) | 1,152,666) |
| Jun 30, 2023 | 7,123,482) | 761,142) | 639,998) |
| Jun 30, 2022 | 5,196,099) | 335,167) | 285,163) |
| Jun 30, 2021 | 3,557,422) | 123,947) | 111,865) |
| Jun 30, 2020 | 3,339,281) | 85,654) | 84,308) |
| Jun 30, 2019 | 3,500,360) | 97,233) | 71,918) |
| Jun 30, 2018 | 3,360,492) | 94,714) | 46,165) |
| Jun 30, 2017 | 2,484,929) | 94,875) | 66,854) |
| Jun 30, 2016 | 2,215,573) | 106,850) | 72,021) |
| Jun 30, 2015 | 1,991,155) | 146,746) | 101,863) |
| Jun 30, 2014 | 1,467,202) | 80,259) | 54,157) |
| Jun 30, 2013 | 1,162,561) | 27,158) | 21,279) |
| Jun 30, 2012 | 1,013,874) | 46,014) | 29,853) |
| Jun 30, 2011 | 942,582) | 58,693) | 40,213) |
| Jun 30, 2010 | 721,438) | 40,745) | 26,915) |
| Jun 30, 2009 | 505,609) | 23,253) | 16,107) |
| Jun 30, 2008 | 540,503) | 40,271) | 25,419) |
| Jun 30, 2007 | 420,393) | 29,905) | 19,339) |
Based on: 10-K (reporting date: 2026-06-30), 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), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30).
The financial performance exhibits two distinct phases: a period of steady, incremental growth from 2007 to 2021, followed by a phase of exponential expansion from 2022 through 2026. While the initial decade was characterized by moderate scaling, the most recent five-year period shows a dramatic acceleration in both top-line revenue and bottom-line profitability.
- Revenue Trajectory
- Net sales grew steadily from 420.3 million in 2007 to 3.5 billion by 2021. However, a sharp inflection point occurred after 2021, with sales increasing from 5.1 billion in 2022 to a projected 39 billion by 2026. The most significant leap is observed between 2023 and 2024, where net sales more than doubled from 7.1 billion to 14.9 billion.
- Operational Profitability
- Income from operations remained relatively flat and volatile between 2007 and 2021, fluctuating mostly between 23 million and 146 million. A structural shift is evident starting in 2022, as operating income rose from 335 million to a projected 2.7 billion by 2026. Despite the surge in absolute dollars, operating income growth has not kept pace linearly with the explosive revenue growth, indicating a compression or stabilization of operating margins during the hyper-growth phase.
- Net Income Performance
- Net income followed a pattern similar to operating income, showing modest gains for the first 14 years. A substantial breakout occurred in 2022, with net income climbing to 285 million, eventually reaching a peak of 2.2 billion by 2026. A slight contraction in net income is noted between 2024 and 2025, dropping from 1.15 billion to 1.04 billion, before rebounding strongly in 2026.
The convergence of these trends indicates a transition from a stable growth company to a high-scale market participant. The disproportionate increase in net sales compared to the growth in operating income suggests that while the scale of operations has expanded massively, the costs associated with maintaining this growth have also increased significantly.
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Balance Sheet: Assets
Super Micro Computer Inc., selected items from assets, long-term trends
US$ in thousands
| Current assets | Total assets | |
|---|---|---|
| Jun 30, 2026 | 27,726,252) | 29,945,467) |
| Jun 30, 2025 | 12,301,654) | 14,018,429) |
| Jun 30, 2024 | 8,931,960) | 9,826,092) |
| Jun 30, 2023 | 3,179,426) | 3,674,729) |
| Jun 30, 2022 | 2,806,315) | 3,205,077) |
| Jun 30, 2021 | 1,867,259) | 2,241,964) |
| Jun 30, 2020 | 1,592,761) | 1,918,646) |
| Jun 30, 2019 | 1,421,771) | 1,682,594) |
| Jun 30, 2018 | 1,530,878) | 1,769,505) |
| Jun 30, 2017 | 1,261,166) | 1,515,130) |
| Jun 30, 2016 | 938,002) | 1,165,600) |
| Jun 30, 2015 | 914,415) | 1,089,809) |
| Jun 30, 2014 | 654,081) | 796,325) |
| Jun 30, 2013 | 523,192) | 632,257) |
| Jun 30, 2012 | 481,912) | 589,103) |
| Jun 30, 2011 | 369,622) | 464,620) |
| Jun 30, 2010 | 296,857) | 370,762) |
| Jun 30, 2009 | 220,018) | 283,135) |
| Jun 30, 2008 | 199,883) | 264,385) |
| Jun 30, 2007 | 173,506) | 205,583) |
Based on: 10-K (reporting date: 2026-06-30), 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), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30).
The asset base exhibits a trajectory of sustained growth, characterized by a steady expansion from 2007 through 2023, followed by an exponential increase between 2024 and 2026.
- Current Asset Expansion
- Current assets grew consistently from 173.5 million in 2007 to 3.18 billion by 2023. A significant acceleration occurred starting in 2024, where current assets surged to 8.93 billion, continuing upward to 12.3 billion in 2025 and reaching 27.73 billion by 2026.
- Total Asset Growth
- Total assets followed a similar pattern, rising from 205.6 million in 2007 to 3.67 billion in 2023. The most pronounced growth phase is observed between 2023 and 2026, with total assets increasing from 3.67 billion to approximately 29.95 billion, representing a nearly eight-fold increase within a three-year window.
- Asset Composition and Liquidity Trend
- A high correlation is maintained between current assets and total assets throughout the analyzed period. The proportion of current assets relative to total assets has trended upward over time, indicating an increasing concentration of liquidity. By 2026, current assets comprise approximately 92.6% of the total asset base, compared to 84.4% in 2007, suggesting a strategic shift or operational requirement for higher short-term liquidity to support rapid scaling.
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Balance Sheet: Liabilities and Stockholders’ Equity
Super Micro Computer Inc., selected items from liabilities and stockholders’ equity, long-term trends
US$ in thousands
| Current liabilities | Total liabilities | Lines of credit, term loans, and convertible notes | Total Super Micro Computer, Inc. stockholders’ equity | |
|---|---|---|---|---|
| Jun 30, 2026 | 7,160,106) | 15,465,851) | 8,720,287) | 14,479,452) |
| Jun 30, 2025 | 2,344,792) | 7,716,558) | 4,757,653) | 6,301,693) |
| Jun 30, 2024 | 2,345,721) | 4,408,722) | 2,174,145) | 5,417,206) |
| Jun 30, 2023 | 1,374,652) | 1,702,559) | 290,302) | 1,972,005) |
| Jun 30, 2022 | 1,470,024) | 1,779,330) | 596,764) | 1,425,575) |
| Jun 30, 2021 | 968,896) | 1,145,566) | 98,190) | 1,096,225) |
| Jun 30, 2020 | 707,635) | 852,939) | 29,401) | 1,065,540) |
| Jun 30, 2019 | 605,969) | 741,418) | 23,647) | 941,015) |
| Jun 30, 2018 | 811,557) | 925,853) | 116,181) | 843,495) |
| Jun 30, 2017 | 672,530) | 741,284) | 161,447) | 773,676) |
| Jun 30, 2016 | 363,618) | 444,221) | 93,589) | 721,195) |
| Jun 30, 2015 | 454,107) | 470,724) | 94,412) | 618,921) |
| Jun 30, 2014 | 310,886) | 327,094) | 46,287) | 469,056) |
| Jun 30, 2013 | 241,664) | 258,533) | 35,171) | 373,543) |
| Jun 30, 2012 | 220,508) | 250,752) | 32,757) | 338,351) |
| Jun 30, 2011 | 140,647) | 177,363) | 28,151) | 287,257) |
| Jun 30, 2010 | 137,875) | 146,061) | 18,553) | 224,701) |
| Jun 30, 2009 | 89,031) | 104,513) | 9,994) | 178,622) |
| Jun 30, 2008 | 97,491) | 112,514) | 10,301) | 151,871) |
| Jun 30, 2007 | 78,420) | 89,711) | 11,555) | 115,872) |
Based on: 10-K (reporting date: 2026-06-30), 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), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30).
The balance sheet reflects a period of moderate growth followed by an era of exponential expansion in both liabilities and stockholders' equity. From 2007 to 2022, the company maintained a relatively stable growth trajectory, but a significant shift in the scale of operations is evident beginning in 2023, with a massive acceleration in financial obligations and capital base through 2026.
- Liability Growth and Composition
- Total liabilities exhibited a steady increase from 89.7 million in 2007 to 1.78 billion in 2021. However, a sharp upward inflection occurred after 2023, with total liabilities rising to 4.4 billion in 2024 and reaching 15.47 billion by 2026. Current liabilities historically comprised the bulk of the total debt profile, though the scale of these short-term obligations surged from 2.35 billion in 2024 to 7.16 billion in 2026, indicating a substantial increase in short-term financing requirements or operational scale.
- Debt Financing Trends
- The utilization of lines of credit, term loans, and convertible notes remained relatively low and stable between 2007 and 2019, fluctuating between 9.9 million and 161.4 million. A strategic shift in leverage is observed starting in 2022, where these instruments jumped to 596.8 million, followed by an aggressive increase to 2.17 billion in 2024 and 8.72 billion by 2026. This suggests a transition toward heavier reliance on structured debt to fund rapid expansion.
- Equity Expansion
- Stockholders' equity grew consistently from 115.9 million in 2007 to 1.97 billion in 2023. Similar to the liability trends, equity experienced a dramatic surge in the final years of the period, increasing to 5.42 billion in 2024 and peaking at 14.48 billion in 2026. This growth indicates significant retained earnings or capital infusions, helping to offset the simultaneous increase in total liabilities.
- Capital Structure Stability
- Despite the massive increase in absolute debt levels, the relationship between liabilities and equity has remained somewhat balanced. The ratio of total liabilities to stockholders' equity was approximately 0.77 in 2007, rose to roughly 1.25 in 2022, and settled at approximately 1.07 by 2026. This demonstrates that the company has managed to scale its equity base almost in tandem with its increasing debt obligations.
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Cash Flow Statement
Super Micro Computer Inc., selected items from cash flow statement, long-term trends
US$ in thousands
| 12 months ended: | Net cash provided by (used in) operating activities | Net cash used in investing activities | Net cash provided by (used in) financing activities |
|---|---|---|---|
| Jun 30, 2026 | (6,809,886) | (200,279) | 9,478,755) |
| Jun 30, 2025 | 1,659,524) | (183,214) | 2,024,045) |
| Jun 30, 2024 | (2,485,972) | (194,248) | 3,911,724) |
| Jun 30, 2023 | 663,580) | (39,486) | (448,293) |
| Jun 30, 2022 | (440,801) | (46,282) | 522,871) |
| Jun 30, 2021 | 122,955) | (58,016) | (44,440) |
| Jun 30, 2020 | (30,334) | (43,588) | 23,796) |
| Jun 30, 2019 | 262,554) | (24,849) | (95,828) |
| Jun 30, 2018 | 84,347) | (25,924) | (50,832) |
| Jun 30, 2017 | (96,188) | (29,705) | 57,724) |
| Jun 30, 2016 | 107,509) | (35,128) | 13,145) |
| Jun 30, 2015 | (44,636) | (36,177) | 80,051) |
| Jun 30, 2014 | 6,538) | (40,161) | 37,222) |
| Jun 30, 2013 | 13,583) | (5,113) | 3,762) |
| Jun 30, 2012 | 16,467) | (19,719) | 13,817) |
| Jun 30, 2011 | 8,480) | (24,770) | 13,589) |
| Jun 30, 2010 | (2,174) | (11,802) | 16,325) |
| Jun 30, 2009 | 21,819) | (2,715) | (290) |
| Jun 30, 2008 | 18,502) | (19,608) | 1,723) |
| Jun 30, 2007 | 14,989) | (18,108) | 37,474) |
Based on: 10-K (reporting date: 2026-06-30), 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), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30).
The financial data reveals a transition from relatively stable, low-magnitude cash flows to a period of extreme volatility and significant scaling in recent years. While the initial decade was characterized by modest fluctuations, the latter period shows an exponential increase in the volume of cash moving through operating and financing activities, indicating a shift in the company's operational scale and capital structure requirements.
- Operating Cash Flow Trends
- Operating activities exhibited relative stability between 2007 and 2014, with net cash flows generally remaining in the low millions. Starting in 2015, a pattern of severe volatility emerged, characterized by alternating periods of significant cash generation and substantial cash consumption. This volatility intensified dramatically after 2021, with the magnitude of swings shifting from millions to billions of dollars. Notably, the period ending June 30, 2026, shows a projected deficit of approximately 6.8 billion dollars, following a recovery to 1.6 billion dollars in 2025, suggesting an unstable operational cash cycle.
- Investing Cash Flow Patterns
- Net cash used in investing activities remained consistently negative throughout the entire period, reflecting ongoing capital expenditures. From 2007 to 2023, these outflows were relatively contained, typically ranging between 2 million and 60 million dollars. However, starting in 2024, there is a marked increase in investment outflows, with annual usage stabilizing between 183 million and 200 million dollars. This suggests a strategic increase in capital investment or infrastructure expansion coinciding with the period of higher operational volatility.
- Financing Cash Flow Dynamics
- Financing activities have evolved from minor adjustments to the primary source of liquidity for the organization. In the early years, financing inflows were modest. This changed significantly in 2022 with an inflow of 522 million dollars, and reached an extreme peak in the projections for 2024 through 2026. The massive financing inflows—specifically 3.9 billion dollars in 2024 and 9.4 billion dollars in 2026—appear to serve as a critical offset to the substantial deficits recorded in operating activities during those same periods.
- Overall Cash Flow Correlation
- A strong inverse correlation is observable between operating cash flows and financing cash flows in the most recent years. The data indicates a heavy reliance on external financing to sustain operations and fund investments during years of negative operating cash flow. The increasing scale of these transactions suggests a high-growth or high-risk financial trajectory where operational self-sufficiency is periodically interrupted, requiring significant capital injections to maintain liquidity.
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Per Share Data
Super Micro Computer Inc., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Jun 30, 2026 | 3.65 | 3.26 | 0.00 |
| Jun 30, 2025 | 1.77 | 1.68 | 0.00 |
| Jun 30, 2024 | 2.07 | 1.92 | 0.00 |
| Jun 30, 2023 | 1.21 | 1.14 | 0.00 |
| Jun 30, 2022 | 0.55 | 0.53 | 0.00 |
| Jun 30, 2021 | 0.22 | 0.21 | 0.00 |
| Jun 30, 2020 | 0.17 | 0.16 | 0.00 |
| Jun 30, 2019 | 0.14 | 0.14 | 0.00 |
| Jun 30, 2018 | 0.09 | 0.09 | 0.00 |
| Jun 30, 2017 | 0.14 | 0.13 | 0.00 |
| Jun 30, 2016 | 0.15 | 0.14 | 0.00 |
| Jun 30, 2015 | 0.22 | 0.20 | 0.00 |
| Jun 30, 2014 | 0.12 | 0.12 | 0.00 |
| Jun 30, 2013 | 0.05 | 0.05 | 0.00 |
| Jun 30, 2012 | 0.07 | 0.07 | 0.00 |
| Jun 30, 2011 | 0.10 | 0.09 | 0.00 |
| Jun 30, 2010 | 0.07 | 0.07 | 0.00 |
| Jun 30, 2009 | 0.05 | 0.04 | 0.00 |
| Jun 30, 2008 | 0.08 | 0.07 | 0.00 |
| Jun 30, 2007 | 0.08 | 0.06 | 0.00 |
Based on: 10-K (reporting date: 2026-06-30), 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), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30).
1, 2, 3 Data adjusted for splits and stock dividends.
An analysis of per share data from 2007 to 2026 reveals a long-term trajectory characterized by initial stagnation followed by rapid, exponential growth in earnings. The financial performance is marked by a distinct shift in profitability levels occurring after 2021.
- Earnings Per Share (EPS) Trends
- Between 2007 and 2021, basic earnings per share remained relatively flat, fluctuating within a narrow range between 0.05 and 0.22. During this period, growth was incremental and lacked significant momentum. However, a sharp inflection point is observed starting in 2022, with basic EPS rising to 0.55 and accelerating to 2.07 by 2024. Despite a marginal decline to 1.77 in 2025, the trend culminates in a projected increase to 3.65 by 2026, representing a substantial expansion in per-share profitability compared to the historical baseline.
- Dilution Impact
- Diluted earnings per share closely track the movements of basic earnings per share throughout the entire period. The variance between basic and diluted figures remains minimal, suggesting that the impact of potentially dilutive securities is limited. For instance, in 2024, the difference between basic EPS (2.07) and diluted EPS (1.92) is narrow, indicating a stable share capital structure with low dilution risk.
- Dividend Distribution Policy
- There is a complete absence of dividend payments per share from 2007 through 2026. This indicates a consistent corporate strategy of retaining 100% of earnings to fund operations, research and development, or capital expenditures rather than returning capital to shareholders via cash distributions.
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