Supermicro (SMCI) stock
Information Technology · Technology Hardware, Storage & Peripherals
Supermicro (SMCI) is a Technology Hardware, Storage & Peripherals company in the Information Technology sector, headquartered in San Jose, California. As of October 23, 2026, SMCI closed at $32.94, a market capitalization of $21.64 billion, the 391st largest company in the S&P 500. Over the last twelve months it generated $39.06 billion in revenue (+93% year over year) and -$6.97 billion in free cash flow. The stock trades at 10.1x trailing earnings and 5.9x forward earnings.
- 1-year total return: -31.3% (dividends reinvested)
- 5-year return: +56.3% a year
- 52-week range: $19.48 – $54.08
- Gross margin 10.8%, operating margin 13.4%
- FI Handbook report card: C across 10 metrics
- 63rd largest of 75 Information Technology stocks in the S&P 500
SMCI price chart
1Y price change: -31.3% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| SMCI | -20.5% | +12.5% | -31.3% | +8.9% | +56.3% | +31.4% | +20.4% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2007.
SMCI key statistics
- Market cap
- $21.6B
- #391 in S&P 500
- P/E (TTM)
- 10.1x
- Forward P/E
- 5.9x
- EPS (TTM)
- $3.26
- Revenue (TTM)
- $39.1B
- +93%
- Free cash flow
- -$7.0B
- Gross margin
- 10.8%
- Operating margin
- 13.4%
- Return on equity
- 21.5%
- Dividend yield
- None
- 52-week range
- $19.48 – $54.08
- Beta
- 2.01
- Price / sales
- 0.6x
- EV / EBITDA
- 9.8x
- Debt / equity
- 0.64x
- Employees
- 7,000
SMCI report card
CTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth93.2%A
- Gross margin10.8%F
- Operating margin13.4%C
- FCF margin-17.8%F
- Return on equity21.5%B
- Net debt / EBITDA0.6xB
- Forward P/E5.9xA
- PEG ratio0.9xA
- Shareholder yield0.0%F
- Share count change / yr5.4%F
Super Micro Computer financials
Revenue went from $2.5B in fiscal 2017 to $39.1B in fiscal 2026, growing 35.8% a year.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.5B | $3.4B | $3.5B | $3.3B | $3.6B | $5.2B | $7.1B | $15.0B | $22.0B | $39.1B |
| Gross profit | $350.0M | $430.0M | $495.5M | $526.2M | $534.5M | $800.0M | $1.3B | $2.1B | $2.4B | $4.2B |
| Operating income | $94.9M | $94.7M | $97.2M | $85.7M | $123.9M | $335.2M | $761.1M | $1.2B | $1.3B | $2.8B |
| Net income | $66.9M | $46.2M | $71.9M | $84.3M | $111.9M | $285.2M | $640.0M | $1.2B | $1.0B | $2.2B |
| EPS (diluted) | $0.13 | $0.09 | $0.14 | $0.16 | $0.21 | $0.53 | $1.14 | $1.92 | $1.68 | $3.26 |
| Free cash flow | -$125.6M | $59.5M | $237.7M | -$74.7M | $64.9M | -$486.0M | $626.8M | -$2.6B | $1.5B | -$7.0B |
| Buybacks | $18.5M | $0 | $0 | — | — | — | — | — | — | — |
| Diluted shares | 516.8M | 521.5M | 517.2M | 528.4M | 535.1M | 536.2M | 559.7M | 602.1M | 628.4M | 697.3M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into SMCI?
A reverse DCF asks what growth the current price requires. With an enterprise value of $23.4B and -$7.0B of trailing free cash flow, Super Micro Computer needs to grow free cash flow at a rate outside our model for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 10.1x vs. median 18.5x (10th–90th percentile 13.9x–32.5x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
SMCI earnings
Next report: November 3, 2026. Super Micro Computer has beaten EPS estimates 3 quarters in a row. Last quarter's revenue was $11.1B (+93% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 11, 2026 | $0.96 | $1.70 | +77.5% |
| May 5, 2026 | $0.62 | $0.84 | +34.5% |
| Feb 3, 2026 | $0.49 | $0.69 | +41.4% |
| Nov 4, 2025 | $0.39 | $0.35 | -10.1% |
| Aug 5, 2025 | $0.44 | $0.41 | -6.6% |
| May 6, 2025 | $0.30 | $0.31 | +3.8% |
| Feb 25, 2025 | $0.59 | $0.60 | +1.9% |
| Feb 25, 2025 | $0.75 | $0.74 | -1.9% |
Stocks like SMCI
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 AAPL Apple | -0.14% | +34% | $5.1T | 39.9x | Compare |
 DELL Dell Technologies | +0.77% | +199% | $290.2B | 26.5x | Compare |
 SNDK Sandisk | -1.82% | +641% | $178.9B | 16.8x | Compare |
 STX Seagate Technology | -1.81% | +180% | $143.4B | 45.4x | Compare |
 WDC Western Digital | -2.97% | +174% | $128.6B | 12.1x | Compare |
 HPE Hewlett Packard Enterprise Comp | +2.20% | +149% | $75.3B | 29.2x | Compare |
 NTAP NetApp | +1.40% | +86% | $42.3B | 30.4x | Compare |
 P Everpure | +1.76% | +32% | $41.1B | 168.9x | Compare |
SMCI news
- Supermicro (SMCI) Stock Looks Cheap Even With Fresh Caution · Oct 23, 2026
- What Is Super Micro Computer (SMCI) Telling The Market With Its New AI Rack? · Oct 23, 2026
- Credo Soars 7% as Super Micro’s $4 Billion Forecast Hike Signals “Increased Demand for AI Platforms” · Oct 23, 2026
- Hewlett Packard Enterprise Climbs 4% While AI Server Peers Lag; Dell Rises 2%, Super Micro Unchanged · Oct 23, 2026
- Will Super Micro (SMCI) Beat Estimates Again in Its Next Earnings Report? · Oct 23, 2026
SMCI stock FAQ
What is SMCI's market cap?
Supermicro's market capitalization is $21.64 billion as of October 23, 2026, ranking 391st in the S&P 500.
What is SMCI's P/E ratio?
SMCI trades at a trailing price-to-earnings ratio of 10.1x and a forward P/E of 5.9x. Its median P/E over the period we track is 18.5x.
Does SMCI pay a dividend?
No. Supermicro does not currently pay a regular cash dividend.
How much has SMCI stock returned?
Including reinvested dividends, SMCI returned -31.3% over one year, +56.3% a year over five years, +31.4% a year over ten years through October 23, 2026.
When does SMCI report earnings?
Supermicro is expected to report earnings on November 3, 2026. It has beaten EPS estimates 3 quarters in a row.
How many employees does Supermicro have?
Supermicro has about 7,000 full-time employees, or $5.6 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology