Super Micro Computer Inc

Super Micro Computer Inc

SMCI

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Market Cap$27.72B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Super Micro Computer IncSuper Micro Computer Inc22.1-16%0.81.1

Earnings Call Q3 2026

May 5, 2026 - AI Summary

Strong revenue growth but quarter hit by customer readiness delays; backlog “record high” - Q3 FY26 revenue: $10.2B, +123% YoY, -19% QoQ. - Management attributed QoQ decline mainly to data center / customer readiness delays (sites lacked required power and networking). - Expect deferred revenue to be recognized in upcoming quarters (timing shift vs. demand collapse). - Orders/backlog: described as strong and at/near record highs, supported by ongoing AI infrastructure demand.
Major margin recovery (key positive); sustainability goal remains “double-digit” - Non-GAAP gross margin: 10.1% in Q3 vs 6.4% in Q2 (+58% improvement, large sequential recovery). - Drivers cited: mix (customer/product), lower tariffs net, lower expedite charges vs prior quarter, and reduced inventory reserve charges. - CFO’s Q4 margin guidance: GAAP gross margin ~8.2%–8.4% (mix-driven; not a straight continuation of Q3’s spike). - Management’s strategic commitment: reach a sustainable double-digit gross margin model over time via higher-value offerings.
Guidance: Q4 revenue + profitability; full-year growth targets reiterated - Q4 FY26 net sales: $11.0B–$12.5B. - Q4 EPS: - GAAP diluted EPS: $0.53–$0.67 - Non-GAAP diluted EPS: $0.65–$0.79 - Full-year FY26 net sales: $38.9B–$40.4B. - Commentary: guidance assumes stable supply conditions (important given ongoing component shortages).

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Target Price by Analysts

22% downsideSuper Micro Computer Target Price DetailsTarget Price
$-45.48

Current Fair Value

195.9% downside

Overvalued by 195.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$27.72 Billion
Enterprise Value$34.69 Billion
Dividend Yield$- (-)
Earnings per Share$1.77
Beta1.68
Outstanding Shares597,928,000

Return

Return on Equity16.47%ROE
Return on Assets5.32%
Return on Invested Capital10.30%

Valuation & Multiples

P/E Ratio22.09P/E Ratio
PEG85.7PEG
Price to Sales0.85Price to Sales
Price to Book Ratio3.95Price to Book Ratio
Enterprise Value to Revenue1.03
Enterprise Value to EBIT21.98
Enterprise Value to Net Income27
Total Debt to Enterprise0.24
Debt to Equity1.09Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 5, 2026
EPS Estimate
$0.62
Average shareholder expectation
Revenue Estimate
$12.39 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 4, 2026
EPS Estimate
$0.70
Average shareholder expectation
Revenue Estimate
$11.73 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.8829 2.62%
Total Calls94,770,674 3.73%
Total Puts83,670,260 0.74%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %56.51% 1.31%
Total Invested$7.68B 20.42%
Investors Holding798 47.00%

ESG Score

No data

About Super Micro Computer Inc

CEO: Charles Liang

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax legislation. Its work directly influences the specifics of corporate tax structures and capital investment incentives, which are critical financial considerations for Super Micro Computer.

Finance

This powerful committee controls taxation and trade policy. Changes in corporate tax rates, capital investment credits, or international trade tariffs (e.g., on components or finished goods) would directly and significantly impact Super Micro Computer's profitability and global operations.

Appropriations

This committee directly allocates discretionary federal spending. Its subcommittees determine precise funding for defense programs, scientific research, and intelligence agencies, all of which are significant customers or potential customers for Super Micro Computer's products.

Armed Services

This committee oversees the Department of Defense and authorizes the NDAA. This directly determines funding for defense contractors and military technologies (e.g., AI, secure computing) that are prime users of Super Micro Computer's high-performance servers.

Select Committee on Intelligence

Members receive classified briefings on global threats and intelligence needs. Super Micro Computer's high-performance servers are critical for cybersecurity and intelligence community IT infrastructure, creating potential for highly non-public material information.

Commerce, Science, and Transportation

This committee has vast jurisdiction over interstate commerce, telecommunications, and 'Big Tech,' directly impacting regulations around data privacy, network infrastructure, and general technology policy, all of which are central to Super Micro Computer's products and customer base.

Homeland Security and Governmental Affairs

This committee regulates federal procurement, which directly impacts Super Micro Computer's potential for government contracts for servers and IT infrastructure. Its oversight on AI risks also directly relates to SMCI's core products for AI applications.