Super Micro Computer, Inc.

SMCI 10-Q · Q1 2026

SMCI Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 5,017,790 5,937,256 -15.5%
Show Product Lines breakouts
Service 71.9 50.1 +43.5%
Service and Software 87.6 95.8 -8.6%
Show Geography breakouts
ID 578,706 1,796 +32121.9%
MY 1,115,149 222,585 +401.0%
Other 1,489,458 1,471,526 +1.2%
US 1,834,477 4,241,349 -56.7%
Show Milestone [Axis] breakouts
Milestone Five · 2023 CEO Performance Award 21
Milestone Four · 2023 CEO Performance Award 19
Milestone One · 2023 CEO Performance Award 13
Milestone Three · 2023 CEO Performance Award 17
Milestone Two · 2023 CEO Performance Award 15
Show Counterparty Name breakouts
Ablecom · Related Party 42 2 +2000.0%
Compuware · Related Party 5,874 9,975 -41.1%
Corporate Venture · Related Party 2,768 4,827 -42.7%
Leadtek · Related Party 267 71 +276.1%
Show Related Party Transactions By Related Party breakouts
Related Party 8,951 14,875 -39.8%
Cost of Revenue 4,550,417 5,161,676 -11.8%
Show Counterparty Name breakouts
Ablecom · Related Party 69,841 137,507 -49.2%
Compuware · Related Party 85,487 102,117 -16.3%
Show Equity Method Investment Nonconsolidated Investee breakouts
Corporate Venture 2.8 4.8 -41.7%
Show Related Party Transactions By Related Party breakouts
Related Party 155,328 240,051 -35.3%
Gross Profit 467,373 775,580 -39.7%
Research & Development 173,314 132,243 +31.1%
Show Counterparty Name breakouts
Ablecom · Related Party 828 1,862 -55.5%
Compuware · Related Party 188 380 -50.5%
Show Related Party Transactions By Related Party breakouts
Related Party 1,016 2,242 -54.7%
Sales & Marketing 47,928 68,854 -30.4%
General & Administrative 63,875 65,284 -2.2%
Operating Expenses 285,117 266,381 +7.0%
Operating Income 182,256 509,199 -64.2%
Non-Operating Income (Expense) 51,227 7,233 +608.2%
Interest Expense -24,931 -17,354 -43.7%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments 208,552 499,078 -58.2%
Income Tax Expense (Benefit) -40,161 -74,732 +46.3%
Income Loss From Equity Method Investments -106 -19 -457.9%
Net Income 168,285 424,327 -60.3%
EPS (Basic) 0.28 0.72 -61.1%
EPS (Diluted) 0.26 0.67 -61.2%
Wtd Avg Shares (Basic) 595,624 589,558 +1.0%
Wtd Avg Shares (Diluted) 663,235 639,148 +3.8%
Net Income 168,277 424,326 -60.3%
Show Equity Components breakouts
Noncontrolling Interest -8 -1 -700.0%
Retained Earnings 168,285 424,327 -60.3%
Comprehensive Income 168,278 424,421 -60.4%
Other Comprehensive Income -7 94 -107.4%
Net Income Loss Available To Common Stockholders Basic 168,285 424,327 -60.3%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 4,196,867 2,088,718 +100.9%
Accounts Receivable 2,525,039
Show Counterparty Name breakouts
Ablecom · Related Party 2
Compuware · Related Party 36
Corporate Venture · Related Party 1,849
Leadtek · Related Party 177
Show Related Party Transactions By Related Party breakouts
Related Party 2,064
Inventory 5,730,002 4,930,623 +16.2%
Prepaid Expenses & Other Current Assets 209,426 100,503 +108.4%
Show Counterparty Name breakouts
Ablecom · Related Party 684 2,393 -71.4%
Compuware · Related Party 518 12,681 -95.9%
Show Related Party Transactions By Related Party breakouts
Related Party 1,202 15,074 -92.0%
Total Current Assets 12,661,334 9,851,584 +28.5%
Non-Current Assets
Property, Plant & Equipment 520,712
Deferred Tax Assets 617,257 411,723 +49.9%
Other Non-Current Assets 586,734
Total Assets 14,386,037 10,851,383 +32.6%
Operating Lease Right-of-Use Assets 375,968
Long Term Investments 100,330
Current Liabilities
Accounts Payable 1,279,667
Show Counterparty Name breakouts
Ablecom · Related Party 53,062
Compuware · Related Party 52,517
Show Related Party Transactions By Related Party breakouts
Related Party 105,579
Accrued Liabilities 313,393 308,777 +1.5%
Show Counterparty Name breakouts
Ablecom · Related Party 746 300 +148.7%
Compuware · Related Party 852 100 +752.0%
Show Related Party Transactions By Related Party breakouts
Related Party 1,598 400 +299.5%
Accrued Income Taxes Current 56,235 79,708 -29.4%
Short Term Debt And Long Term Debt Current Maturities 100,618 493,808 -79.6%
Deferred Revenue (Current) 597,322 305,840 +95.3%
Total Current Liabilities 2,347,235 2,871,101 -18.2%
Non-Current Liabilities
Contract With Customer Liability Noncurrent 430,682 252,342 +70.7%
Other Non-Current Liabilities 409,472
Show Counterparty Name breakouts
Ablecom · Related Party 55
Compuware · Related Party 402
Show Related Party Transactions By Related Party breakouts
Related Party 457
Total Liabilities 7,862,477 4,974,466 +58.1%
Long-Term Debt (Q)
Show Debt Instrument breakouts
Chang Hwa Bank Credit Facility due October 15, 2026 · Secured Debt 8,880
CTBC Term Loan Facility, due August 15, 2026 · Secured Debt 1,391
CTBC Term Loan Facility, due June 4, 2030 · Secured Debt 26,229
E.SUN Bank Term Loan Facility, due August 15, 2027 · Secured Debt 8,169
E.SUN Bank Term Loan Facility, due September 15, 2026 · Secured Debt 10,492
Mega Bank Term Loan Facility, due October 3, 2026 · Secured Debt 13,115
Show Credit Facility breakouts
Secured Debt · Term loan 68,276
Operating Lease Liabilities 359,813
Other Liabilities
Long Term Debt Excluding Convertible Notes And Current Maturities 25,199 65,733 -61.7%
Convertible Long Term Notes Payable 4,649,889 1,699,177 +173.7%
Minority Interest 170 163 +4.3%
Stockholders' Equity
Common Stocks Including Additional Paid In Capital 2,919,868 2,865,947 +1.9%
Accumulated Other Comprehensive Income 698 800 -12.8%
Retained Earnings 3,602,824 3,010,007 +19.7%
Total Stockholders' Equity 6,523,390 5,876,754 +11.0%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 6,523,560 5,876,917 +11.0%
Show Equity Components breakouts
Aoci Including Portion Attributable To Noncontrolling Interest 698 800 -12.8%
Common Stock Including Additional Paid In Capital 2,919,868 2,865,947 +1.9%
Noncontrolling Interest 170 163 +4.3%
Retained Earnings 3,602,824 3,010,007 +19.7%
Total Liabilities & Equity 14,386,037 10,851,383 +32.6%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Depreciation Amortization And Non Cash Interest 12,341 9,374 +31.7%
Operating Lease Right Of Use Asset Amortization Expense 8,266 2,785 +196.8%
Amortization Of Financing Costs And Discounts 4,743 1,921 +146.9%
Inventory Write Down 36,199 9,156 +295.4%
Stock-Based Compensation 89,139 64,014 +39.2%
Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount 12,000
Foreign Currency Transaction Gain Loss Unrealized -1,017 924 -210.1%
Deferred Income Taxes And Tax Credits -12,201 -46,552 +73.8%
Other Non-Cash Items -7,539 -3,346 -125.3%
Change in Accounts Receivable -321,244 15,288 -2201.3%
Show Counterparty Name breakouts
Ablecom · Related Party -1 -2 +50.0%
Compuware · Related Party 249 -6,895 +103.6%
Corporate Venture · Related Party -1,819 4,142 -143.9%
Leadtek · Related Party -100 958 -110.4%
Show Related Party Transactions By Related Party breakouts
Related Party -1,671 -1,797 +7.0%
Change in Inventory -1,087,010 -606,873 -79.1%
Change in Prepaid & Other Assets 134,087 86,774 +54.5%
Show Counterparty Name breakouts
Ablecom · Related Party 375 -466 +180.5%
Compuware · Related Party 12,168 -2,669 +555.9%
Show Related Party Transactions By Related Party breakouts
Related Party 12,543 -3,135 +500.1%
Change in Accounts Payable 901 220,353 -99.6%
Show Counterparty Name breakouts
Ablecom · Related Party -2,398 29,999 -108.0%
Compuware · Related Party -21,775 6,784 -421.0%
Show Related Party Transactions By Related Party breakouts
Related Party -24,173 36,724 -165.8%
Increase Decrease In Accrued Liabilities -259,350 25,974 -1098.5%
Show Counterparty Name breakouts
Ablecom · Related Party -7 300 -102.3%
Compuware · Related Party 561 -70 +901.4%
Show Related Party Transactions By Related Party breakouts
Related Party 554 230 +140.9%
Increase Decrease In Accrued Income Taxes Payable 4,978 61,440 -91.9%
Change in Deferred Revenue 296,622 141,806 +109.2%
Change in Other Liabilities 3,171 1,520 +108.6%
Show Counterparty Name breakouts
Ablecom · Related Party -59 237 -124.9%
Compuware · Related Party -92
Show Related Party Transactions By Related Party breakouts
Related Party -151 237 -163.7%
Net Cash from Operations -917,523 408,904 -324.4%
Depreciation & Amortization 12.1 9 +34.4%
Investing Activities
Capital Expenditures -32,270 -44,300 +27.2%
Show Counterparty Name breakouts
Ablecom · Related Party -3,879 -2,925 -32.6%
Compuware · Related Party -8 -204 +96.1%
Show Related Party Transactions By Related Party breakouts
Related Party -3,887 -3,129 -24.2%
Net Cash from Investing -32,270 -44,300 +27.2%
Right Of Use Asset Obtained In Exchange For Operating Lease Liability 90,542 17,782 +409.2%
Show Geography breakouts
Vernon, California 297.4
Property Plant And Equipment Transfers And Changes 1,184 122 +870.5%
Financing Activities
Proceeds From Issuance Of Debt 28,588 1,185,034 -97.6%
Debt Repayments -11,540 -1,106,178 +99.0%
Proceeds From Stock Options Exercised 7,922 6,527 +21.4%
Tax Withholding for Share Compensation -43,642 -35,537 -22.8%
Proceeds From Payments For Other Financing Activities 7 8 -12.5%
Net Cash from Financing -18,665 49,854 -137.4%
Amortization of Financing Costs (Q)
Show Debt Instrument breakouts
Convertible Senior Notes Due 2028 · Convertible Notes Payable 1.1
Convertible Senior Notes Due 2029 · Convertible Notes Payable 1.4 1.5 -6.7%
Convertible Senior Notes Due 2030 · Convertible Notes Payable 2.2
Supplemental
Interest Paid 39,244 11,454 +242.6%
Income Taxes Paid 38,502 3,336 +1054.1%
Unpaid Capital Expenditures 11,127 21,190 -47.5%
Show Counterparty Name breakouts
Ablecom · Related Party 1,655 3,906 -57.6%
Compuware · Related Party 141 153 -7.8%
Show Related Party Transactions By Related Party breakouts
Related Party 1,796 4,059 -55.8%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents -4,588 4,500 -202.0%
Net Change in Cash -973,046 418,958 -332.3%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 4,199,255 2,089,231 +101.0%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

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