Super Micro Computer, Inc.

SMCI 10-Q · Q2 2026

SMCI Q2 2026 request

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Income Statement

Income Statement
Metric Q2 2026 Q2 2025 YoY
Revenue 12,682,491 5,677,962 +123.4%
Show Product Lines breakouts
Service 104.1 54.4 +91.4%
Service and Software 140.4 76.9 +82.6%
Show Geography breakouts
Non Us 1,753,545 1,831,002 -4.2%
US 10,928,946 3,846,960 +184.1%
Show Counterparty Name breakouts
Ablecom · Related Party 46 5 +820.0%
Compuware · Related Party 4,129 11,065 -62.7%
Corporate Venture · Related Party 5,379 -51 +10647.1%
Leadtek · Related Party 556 258 +115.5%
Show Related Party Transactions By Related Party breakouts
Related Party 10,110 11,277 -10.3%
Cost of Revenue 11,883,924 5,007,940 +137.3%
Show Counterparty Name breakouts
Ablecom · Related Party 111,921 64,773 +72.8%
Compuware · Related Party 79,873 71,230 +12.1%
Show Equity Method Investment Nonconsolidated Investee breakouts
Corporate Venture 5.3 0
Show Related Party Transactions By Related Party breakouts
Related Party 191,794 136,109 +40.9%
Gross Profit 798,567 670,022 +19.2%
Research & Development 180,761 158,229 +14.2%
Show Counterparty Name breakouts
Ablecom · Related Party 1,579 1,125 +40.4%
Compuware · Related Party 505 280 +80.4%
Show Related Party Transactions By Related Party breakouts
Related Party 2,084 1,405 +48.3%
Sales & Marketing 73,078 79,568 -8.2%
General & Administrative 70,430 63,601 +10.7%
Operating Expenses 324,269 301,398 +7.6%
Operating Income 474,298 368,624 +28.7%
Other Non-Operating Income (Expense) 225 4,183 -94.6%
Interest Income 51,042 8,776 +481.6%
Interest Expense -25,358 -6,535 -288.0%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments 500,207 375,048 +33.4%
Income Tax Expense (Benefit) -99,151 -56,969 -74.0%
Income Loss From Equity Method Investments -492 2,517 -119.5%
Net Income 400,564 320,596 +24.9%
EPS (Basic) 0.67 0.54 +24.1%
EPS (Diluted) 0.6 0.51 +17.6%
Wtd Avg Shares (Basic) 598,004 592,507 +0.9%
Wtd Avg Shares (Diluted) 693,989 636,047 +9.1%
Net Income 400,556 320,592 +24.9%
Show Equity Components breakouts
Noncontrolling Interest -8 -4 -100.0%
Retained Earnings 400,564 320,596 +24.9%
Comprehensive Income 400,561 320,448 +25.0%
Other Comprehensive Income -3 -148 +98.0%
Net Income Loss Available To Common Stockholders Basic 400,564 320,596 +24.9%

Balance Sheet

Balance Sheet
Metric Q2 2026 Q2 2025 YoY
Current Assets
Cash & Cash Equivalents 4,091,083 1,430,002 +186.1%
Accounts Receivable 11,004,122
Show Counterparty Name breakouts
Ablecom · Related Party 1
Compuware · Related Party 88
Corporate Venture · Related Party 1,528
Leadtek · Related Party 347
Show Related Party Transactions By Related Party breakouts
Related Party 1,964
Inventory 10,595,448 3,596,145 +194.6%
Prepaid Expenses & Other Current Assets 433,944 581,413 -25.4%
Show Counterparty Name breakouts
Ablecom · Related Party 618 1,597 -61.3%
Compuware · Related Party 14 15,753 -99.9%
Show Related Party Transactions By Related Party breakouts
Related Party 632 17,350 -96.4%
Total Current Assets 26,124,597 8,667,070 +201.4%
Non-Current Assets
Property, Plant & Equipment 538,584
Deferred Tax Assets 655,367 441,250 +48.5%
Other Non-Current Assets 683,062
Show Counterparty Name breakouts
Ablecom · Related Party 97
Show Related Party Transactions By Related Party breakouts
Related Party 97
Total Assets 28,001,610 9,728,348 +187.8%
Operating Lease Right-of-Use Assets 370,095
Long Term Investments 123,288
Current Liabilities
Accounts Payable 13,753,207
Show Counterparty Name breakouts
Ablecom · Related Party 88,961
Compuware · Related Party 60,887
Show Related Party Transactions By Related Party breakouts
Related Party 149,848
Accrued Liabilities 548,179 229,147 +139.2%
Show Counterparty Name breakouts
Ablecom · Related Party 841 294 +186.1%
Compuware · Related Party 778 24 +3141.7%
Show Related Party Transactions By Related Party breakouts
Related Party 1,619 318 +409.1%
Accrued Income Taxes Current 118,700 115,114 +3.1%
Short Term Debt And Long Term Debt Current Maturities 201,776
Deferred Revenue (Current) 774,846 309,238 +150.6%
Total Current Liabilities 15,396,708 1,357,810 +1033.9%
Non-Current Liabilities
Contract With Customer Liability Noncurrent 527,909 289,414 +82.4%
Other Non-Current Liabilities 408,756
Show Counterparty Name breakouts
Ablecom · Related Party 339
Compuware · Related Party 319
Show Related Party Transactions By Related Party breakouts
Related Party 658
Total Liabilities 21,009,433 3,489,882 +502.0%
Long-Term Debt (Q)
Show Debt Instrument breakouts
Chang Hwa Bank Credit Facility due October 15, 2026 · Secured Debt 6,642
CTBC Term Loan Facility, due August 15, 2026 · Secured Debt 983
CTBC Term Loan Facility, due June 4, 2030 · Secured Debt 24,140
E.SUN Bank Term Loan Facility, due August 15, 2027 · Secured Debt 6,908
E.SUN Bank Term Loan Facility, due September 15, 2026 · Secured Debt 7,652
Mega Bank Term Loan Facility, due October 3, 2026 · Secured Debt 9,565
Show Credit Facility breakouts
Secured Debt · Term loan 55,890
Operating Lease Liabilities 354,055
Other Liabilities
Long Term Debt Excluding Convertible Notes And Current Maturities 21,437
Convertible Long Term Notes Payable 4,654,623 1,700,638 +173.7%
Minority Interest 162 159 +1.9%
Stockholders' Equity
Common Stocks Including Additional Paid In Capital 2,987,932 2,907,052 +2.8%
Accumulated Other Comprehensive Income 695 652 +6.6%
Retained Earnings 4,003,388 3,330,603 +20.2%
Total Stockholders' Equity 6,992,015 6,238,307 +12.1%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 6,992,177 6,238,466 +12.1%
Show Equity Components breakouts
Aoci Including Portion Attributable To Noncontrolling Interest 695 652 +6.6%
Common Stock Including Additional Paid In Capital 2,987,932 2,907,052 +2.8%
Noncontrolling Interest 162 159 +1.9%
Retained Earnings 4,003,388 3,330,603 +20.2%
Total Liabilities & Equity 28,001,610 9,728,348 +187.8%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2026 YTD Q2 2025 YoY
Operating Activities
Depreciation Amortization And Non Cash Interest 25,354 18,557 +36.6%
Operating Lease Right Of Use Asset Amortization Expense 17,670 5,991 +194.9%
Amortization Of Financing Costs And Discounts 9,506 4,415 +115.3%
Inventory Write Down 169,100 34,032 +396.9%
Stock-Based Compensation 179,624 146,136 +22.9%
Asset Impairment Charges 13,747
Foreign Currency Transaction Gain Loss Unrealized 159 -300 +153.0%
Deferred Income Taxes And Tax Credits -51,875 -76,078 +31.8%
Other Non-Cash Items -8,705 -4,125 -111.0%
Change in Accounts Receivable -8,792,828 -319,374 -2653.1%
Show Counterparty Name breakouts
Compuware · Related Party 197 108 +82.4%
Corporate Venture · Related Party -1,498 5,077 -129.5%
Leadtek · Related Party -270 842 -132.1%
Show Related Party Transactions By Related Party breakouts
Related Party -1,571 6,026 -126.1%
Change in Inventory -6,088,819 699,613 -970.3%
Change in Prepaid & Other Assets -58,855 -398,769 +85.2%
Show Counterparty Name breakouts
Ablecom · Related Party 344 330 +4.2%
Compuware · Related Party 12,672 -5,741 +320.7%
Show Related Party Transactions By Related Party breakouts
Related Party 13,016 -5,411 +340.5%
Change in Accounts Payable 12,466,768 -906,916 +1474.6%
Show Counterparty Name breakouts
Ablecom · Related Party 33,501 -45,875 +173.0%
Compuware · Related Party -13,405 -9,739 -37.6%
Show Related Party Transactions By Related Party breakouts
Related Party 20,096 -55,468 +136.2%
Increase Decrease In Accrued Liabilities -39,661 -59,654 +33.5%
Show Counterparty Name breakouts
Ablecom · Related Party 88 294 -70.1%
Compuware · Related Party 487 -146 +433.6%
Show Related Party Transactions By Related Party breakouts
Related Party 575 148 +288.5%
Increase Decrease In Accrued Income Taxes Payable 68,041 96,845 -29.7%
Change in Deferred Revenue 571,373 182,276 +213.5%
Change in Other Liabilities 8,533 4,073 +109.5%
Show Counterparty Name breakouts
Ablecom · Related Party 225 154 +46.1%
Compuware · Related Party -175
Show Related Party Transactions By Related Party breakouts
Related Party 50 154 -67.5%
Net Cash from Operations -941,421 169,147 -656.6%
Depreciation & Amortization 24.9 18.5 +34.6%
Investing Activities
Capital Expenditures -53,491 -71,836 +25.5%
Show Counterparty Name breakouts
Ablecom · Related Party -5,551 -6,525 +14.9%
Compuware · Related Party -149 -357 +58.3%
Show Related Party Transactions By Related Party breakouts
Related Party -5,700 -6,882 +17.2%
Payments To Acquire Investments -25,000
Net Cash from Investing -78,491 -71,836 -9.3%
Right Of Use Asset Obtained In Exchange For Operating Lease Liability 94,073 18,472 +409.3%
Show Geography breakouts
Vernon, California 289.6
Property Plant And Equipment Transfers And Changes 4,646 3,238 +43.5%
Financing Activities
Proceeds From Issuance Of Debt 238,800 1,306,777 -81.7%
Debt Repayments -123,391 -1,574,059 +92.2%
Debt Issuance Costs -9,785
Proceeds From Stock Options Exercised 12,925 6,869 +88.2%
Tax Withholding for Share Compensation -71,066 -77,036 +7.7%
Proceeds From Payments For Other Financing Activities 14 15 -6.7%
Net Cash from Financing 47,497 -337,434 +114.1%
Amortization of Financing Costs (YTD)
Show Debt Instrument breakouts
2028 Convertible Notes · Convertible Notes Payable 2.3
2029 Convertible Notes · Convertible Notes Payable 2.7 3 -10.0%
2030 Convertible Notes · Convertible Notes Payable 4.4
Supplemental
Interest Paid 40,470 19,006 +112.9%
Income Taxes Paid 90,574 57,029 +58.8%
Unpaid Capital Expenditures 17,131 26,674 -35.8%
Show Counterparty Name breakouts
Ablecom · Related Party 1,807 2,946 -38.7%
Show Related Party Transactions By Related Party breakouts
Related Party 1,807 2,960 -39.0%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents -6,161 837 -836.1%
Net Change in Cash -978,576 -239,286 -309.0%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 4,193,725 1,430,987 +193.1%

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

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