Super Micro Computer (SMCI) Stock Overview
Develops and sells server and storage solutions based on modular and open-standard architecture in the United States, Asia, Europe, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 4/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
SMCI Community Fair Values
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Analyst Price Targets
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Super Micro Computer, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$40.10 |
| 52 Week High | US$58.78 |
| 52 Week Low | US$19.48 |
| Beta | 2 |
| 1 Month Change | 0.65% |
| 3 Month Change | 37.23% |
| 1 Year Change | -11.64% |
| 3 Year Change | 64.14% |
| 5 Year Change | 1,004.07% |
| Change since IPO | 4,477.63% |
Recent News & Updates
Seeking Alpha • Sep 11
Super Micro's $60 Billion Rerating
Summary Supermicro booked over $60 billion in Q4 orders while guiding FY2027 revenue to $65–72 billion. FY2026 revenue reached $39.1 billion, but $12.9 billion of inventory exposes the working-capital cost of hypergrowth. Customer prepayments could materially improve cash conversion as management targets becoming self-funded despite accelerating AI infrastructure deployments. DCBBS combines compute, networking, power, cooling and validation, potentially shifting Supermicro toward higher-margin integrated data-center economics. At roughly 9x forward non-GAAP earnings, SMCI’s discount reflects cash-flow, margin, concentration and governance risks rather than weak demand. Read the full article on Seeking Alpha
Narrative Update • Sep 03
SMCI: Export Control And Margin Sustainability Risks Will Restrain AI Order Upside
Super Micro Computer's analyst price target has moved higher as analysts factor in stronger revenue growth, improved gross margins, and slightly higher long term P/E assumptions highlighted in recent post earnings research updates. Analyst Commentary Recent research on Super Micro Computer highlights a mix of appreciation for strong gross margins and revenue guidance with a clear split in how sustainable those trends may be.Recent updates
Seeking Alpha • Sep 11
Super Micro's $60 Billion Rerating
Summary Supermicro booked over $60 billion in Q4 orders while guiding FY2027 revenue to $65–72 billion. FY2026 revenue reached $39.1 billion, but $12.9 billion of inventory exposes the working-capital cost of hypergrowth. Customer prepayments could materially improve cash conversion as management targets becoming self-funded despite accelerating AI infrastructure deployments. DCBBS combines compute, networking, power, cooling and validation, potentially shifting Supermicro toward higher-margin integrated data-center economics. At roughly 9x forward non-GAAP earnings, SMCI’s discount reflects cash-flow, margin, concentration and governance risks rather than weak demand. Read the full article on Seeking AlphaNarrative Update • Sep 03
SMCI: Export Control And Margin Sustainability Risks Will Restrain AI Order Upside
Super Micro Computer's analyst price target has moved higher as analysts factor in stronger revenue growth, improved gross margins, and slightly higher long term P/E assumptions highlighted in recent post earnings research updates. Analyst Commentary Recent research on Super Micro Computer highlights a mix of appreciation for strong gross margins and revenue guidance with a clear split in how sustainable those trends may be.
New Narrative • Aug 17
Good-stock-not-great-company setup
SMCI is a good-stock-not-great-company setup: a narrow, cycle-renewed moat and structurally thin margins, but priced at ~3.9x our model's FY28E EBITDA with net cash, above-Street revenue momentum and a decaying trust discount. Our framework is appropriately hard-nosed, an 11.4% WACC which includes at 25bps FED rate hike, a DCF that embeds a 48% peak-to-trough AI capex bust, and applied multiples at 35-69% discounts to the 10.12x EV/EBITDA & 1.61x EV/REVENUE peer medians and it still produces a $55.85 blended target, 46.6% above our $38.09 reference price.
Narrative Update • Aug 13
SMCI: AI Server Backlog And Margin Volatility Will Shape Future Returns
Analysts have nudged their price target for Super Micro Computer higher, with the fair value estimate moving from $37.25 to $41.75 as they factor in stronger revenue assumptions, slightly better margins supported by recent Q4 gross margin outperformance, and updated views on future P/E levels following a series of Street target increases clustered around the latest earnings and order updates. Analyst Commentary on Super Micro Computer Street research around Super Micro Computer has turned more constructive on balance, with many firms lifting price targets after the recent Q4 report and business updates.Narrative Update • Jul 10
SMCI: AI Infrastructure Expansion And Agentic Demand Will Support Margin Recovery
Analysts have lifted their fair value estimate for Super Micro Computer from $33.20 to $37.25. This reflects updated assumptions for slower revenue growth, slightly lower profit margins, a higher discount rate, and a higher future P/E multiple informed by recent research highlighting both agentic AI demand and company specific risk factors.Narrative Update • Jun 26
SMCI: Ongoing Export Control And Compliance Risks Will Constrain AI Server Upside
Super Micro Computer's analyst fair value estimate has been revised higher from about $16.15 to $17.56 per share, as analysts factor in a higher discount rate, slightly lower modeled revenue growth and margins, and support from recent price target increases that highlight perceived risk/reward benefits from the $7b financing and strong AI server demand. Analyst Commentary Recent Street research on Super Micro Computer shows a mixed picture, with some firms highlighting what they see as improved risk and reward following the $7b financing and strong AI server demand, while others underscore execution and governance risks that could affect the stock's valuation and growth profile.
Narrative Update • Jun 12
SMCI: AI Infrastructure Demand Will Outweigh Governance And Compliance Risks
Analysts have inched up their fair value estimate for Super Micro Computer to $57.66 per share from $56.90. This reflects slightly higher revenue growth assumptions tied to strong AI server demand while still incorporating concerns around margins, customer concentration, governance, and ongoing legal and dilution risks.Narrative Update • May 29
SMCI: Governance Reset And Compliance Upgrades Will Support Future Bullish Repricing
Analysts nudged their implied price target for Super Micro Computer higher to align with a fair value estimate, moving from about $55.14 to $56.90. They cited updated assumptions for stronger revenue growth, slightly higher profit margins, a modestly higher discount rate, and a lower future P/E multiple based on the latest round of mixed but active Street research on the stock.Narrative Update • May 04
SMCI: AI Infrastructure Expansion Will Support Longer Term Margin Recovery
Analysts have trimmed their average price target on Super Micro Computer, with recent cuts of $12, $8, $18, $14 and $10. These changes reflect updated views on slower modeled revenue growth, lower profit margins and a slightly higher discount rate, even as some still reference prior upside in select research.
New Narrative • Apr 23
Super Micro Computer will achieve a remarkable 19% revenue growth but legal risks justify a big discount.
Super Micro Computer (NASDAQ: SMCI) — Condensed Investment View Business: Supermicro sells powerful computer systems and data storage equipment. It has done well from the recent boom in AI because it builds the kind of machines that AI companies need.Narrative Update • Apr 19
SMCI: AI Partnerships And Governance Reset Will Drive Bullish Repricing Outlook
Analysts have trimmed the Super Micro Computer price target by about $0.87, reflecting a slightly lower fair value and P/E assumption after a series of recent target cuts and downgrades, even as revenue growth and profit margin inputs in the model remain relatively stable. Analyst Commentary Recent Street research around Super Micro Computer has been dominated by a cluster of price target cuts and several downgrades, with commentary frequently pointing to governance concerns and credibility questions following indictments.Narrative Update • Apr 05
SMCI: AI Partnerships And Governance Reset Will Drive Repricing Into 2026
Super Micro Computer's analyst price target has been revised lower by $6.99, with analysts citing higher required returns, a lower fair value estimate, and more conservative profit margin and P/E assumptions, despite slightly higher modeled revenue growth. Analyst Commentary Recent Street research on Super Micro has shifted toward a more cautious stance, with several firms trimming price targets and some lowering ratings following legal and governance concerns.Narrative Update • Mar 21
SMCI: Legal Credibility Concerns Will Likely Undermine Major AI Server Upside
Analysts have trimmed their fair value estimate for Super Micro Computer in response to multiple price target cuts. They cite higher assumed risk, more modest revenue and margin expectations, and a higher future P/E multiple following recent legal and credibility concerns.Narrative Update • Mar 07
SMCI: AI Data Center Partnerships Will Support Repricing Into 2026
Analysts have made a modest adjustment to their price targets on Super Micro Computer, with changes clustering in a narrow $2 to $11 range as they factor in updated views on AI related demand, valuation, and sector positioning for 2026. Analyst Commentary Recent Super Micro price target moves sit within a relatively tight band, but the tone of the research still gives you useful clues about how the Street is thinking about valuation, execution, and growth into 2026.Narrative Update • Feb 21
SMCI: AI Data Center Demand And Liquid Cooling Will Drive Repricing
Analysts have nudged their fair value estimate for Super Micro Computer to $63, reflecting slightly stronger assumptions for revenue growth, profit margins, and a lower future P/E, even as recent Street price target moves have been mixed. Analyst Commentary Bullish analysts on Super Micro Computer are split in their near term expectations, but a few themes still stand out when you look past the headline price target cuts.Narrative Update • Feb 07
SMCI: AI Server Positioning And New Liquid Cooling Will Drive Repricing
Analysts have trimmed their fair value estimate for Super Micro Computer from US$80.58 to US$60.00, reflecting updated assumptions for slower revenue growth, lower profit margins, and a higher future P/E, as seen in a mix of recent price target reductions and a smaller price target increase across covering firms. Analyst Commentary Recent Street research on Super Micro Computer has been mixed, but you can still see some confidence around the company’s ability to execute and create value over time.Narrative Update • Jan 24
SMCI: Large AI Orders And Margin Recovery Efforts Will Drive Future Repricing
Analysts have reduced their Super Micro Computer price targets by single-digit percentages, citing updated views on growth, profitability, and expectations for a lower future P/E. At the same time, some research notes highlight strong new orders and the possibility of margin recovery, alongside ongoing competition risks in AI servers.Narrative Update • Jan 09
SMCI: AI Server Order Wins Will Support Longer Term Margin Recovery
Analysts have made a modest upward adjustment to their Super Micro Computer price targets, with changes ranging from US$3 to US$4 per share. They are weighing recent Q1 revenue timing issues against strong new AI server orders and the potential for longer term margin recovery in an increasingly competitive market.Narrative Update • Dec 21
SMCI: Margin Pressures Will Likely Undermine Benefits Of Major AI Server Wins
Analysts have modestly lowered their fair value estimate for Super Micro Computer, trimming the average price target by a few dollars per share to about $34 to $40. They are balancing expectations for sharply accelerating revenue driven by large AI server orders, including a $12B GB300 platform win, against lingering concerns over near term margin pressure and long term profitability risks in an increasingly competitive market.Narrative Update • Dec 07
SMCI: AI Order Momentum Will Drive Long Term Revenue Upside
Analysts nudged their average price target on Super Micro Computer modestly higher, to about $34 from roughly $30, citing a strong rebound in orders, including a multibillion-dollar GB300 platform win, and confidence that near-term revenue timing issues will be offset by longer-term AI server demand despite ongoing profitability risks. Analyst Commentary Street research following the latest earnings update reflects a mixed but generally more constructive stance on Super Micro, with modest target changes and reiterated ratings highlighting both upside from AI server momentum and persistent execution risks.Shareholder Returns
| SMCI | US Tech | US Market | |
|---|---|---|---|
| 7D | 1.3% | 3.1% | -0.9% |
| 1Y | -11.6% | 53.0% | 13.9% |
Return vs Industry: SMCI underperformed the US Tech industry which returned 53% over the past year.
Return vs Market: SMCI underperformed the US Market which returned 13.9% over the past year.
Price Volatility
| SMCI volatility | |
|---|---|
| SMCI Average Weekly Movement | 13.4% |
| Tech Industry Average Movement | 11.4% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in US Market | 15.3% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: SMCI's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: SMCI's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1993 | 7,000 | Charles Liang | www.supermicro.com |
Super Micro Computer, Inc., together with its subsidiaries, develops and sells server and storage solutions based on modular and open-standard architecture in the United States, Asia, Europe, and internationally. The company offers liquid and air-cooled AI servers for training and inferencing with integrated graphics processing units (GPUs) or PCIe based architectures; SuperBlade, MicroBlade, FlexTwin, GrandTwin, and BigTwin blade and multi-node systems; SuperStorage systems; Hyper, CloudDC, and WIO and rackmount systems; embedded (5G/IoT/Edge) systems; and MicroCloud server systems. It also provides workstations and networking devices; and modular server subsystems and accessories, including server boards, chassis, power supplies, and other accessories.
Super Micro Computer, Inc. Fundamentals Summary
| SMCI fundamental statistics | |
|---|---|
| Market cap | US$26.34b |
| Earnings (TTM) | US$2.20b |
| Revenue (TTM) | US$39.06b |
12.0x
P/E Ratio0.7x
P/S RatioIs SMCI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SMCI income statement (TTM) | |
|---|---|
| Revenue | US$39.06b |
| Cost of Revenue | US$34.84b |
| Gross Profit | US$4.23b |
| Other Expenses | US$2.03b |
| Earnings | US$2.20b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.34 |
| Gross Margin | 10.82% |
| Net Profit Margin | 5.62% |
| Debt/Equity Ratio | 60.2% |
How did SMCI perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/14 08:51 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2026/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Super Micro Computer, Inc. is covered by 26 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Dong Wang | Barclays |
| Timothy Long | Barclays |
| Mark Newman | Bernstein |