Super Micro Computer, Inc.

Listed Company

SMCICIK 0001375365NasdaqLarge AcceleratedElectronic ComputersCaliforniaFY ends Jun 30

Period

FY 2025

Revenue

$21.97B

Net Income

$1.05B

Total Assets

$14.02B

Equity

$6.30B

Shares Out

598.99M

Op. Cash Flow

$1.66B

Business

Super Micro Computer, Inc. provides total IT solutions for demanding workloads across enterprise, cloud and intelligent edge environments, with a focus on rack-scale designs optimized for AI and high-performance computing. It offers servers, storage systems, modular blade and multi-node systems, liquid-cooling infrastructure, networking devices, server subsystems, management software, and global services for installation, maintenance and lifecycle management. Key business areas include AI-optimized accelerated compute platforms, server and storage systems, software management solutions, and global services and rack-level deployment offerings. The company sells worldwide through a direct sales force, distributors, value-added resellers, system integrators and OEM partners, with operations across the United States, Taiwan, the Netherlands, Malaysia and other international markets.

Summary from filing dated 2025-08-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Net sales (including related party sales of $42,259, $69,791, and $60,537 in fiscal years 2025, 2024, and 2023, respectively)	21,972	14,989	7,123	5,196	3,557
Cost of sales (including related party purchases of $650,658, $552,136, and $384,762 in fiscal years 2025, 2024, and 2023, respectively)	19,542	12,928	5,840	4,396	3,023
Gross profit	2,430	2,061	1,283	800	535
Research and development	637	464	307	272	224
Sales and marketing	273	190	115	90	86
General and administrative	267	197	100	102	101
Total operating expenses	1,177	851	522	465	411
Income from operations	1,253	1,211	761	335	124
Other income, net	18	23	4	8	−3
Interest expense	−60	−19	−10	−6	—
Income before income tax provision	1,212	1,214	754	337	119
Income tax provision	−157	−63	−111	−53	−7
Share of (loss) income from equity investee, net of taxes	−6	2	−4	1	173,000
Net income	1,049	1,153	640	285	112
Basic (in dollars per share)	1.77	2.07	1.21	0.55	2.19
Diluted (in dollars per share)	1.68	1.92	1.14	0.53	2.09
Basic (in shares)	594	556	529	515	51
Diluted (in shares)	628	602	560	536	54

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	5,170	1,670	440	267	232
Accounts receivable, net of allowance for credit losses of $0 and $73 at June 30, 2025 and 2024, respectively (including amounts receivable from related parties of $393 and $6,194 at June 30, 2025 and 2024, respectively)	2,204	2,737	1,148	835	464
Inventories	4,680	4,333	1,446	1,546	1,041
Prepaid expenses and other current assets (including receivables from related parties of $13,745 and $11,939 at June 30, 2025 and 2024, respectively)	247	192	145	159	130
Total current assets	12,302	8,932	3,179	2,806	1,867
Property, plant, and equipment, net	504	414	290	286	275
Deferred income taxes, net	607	365	163	70	63
Other assets	605	115	42	43	32
Total assets	14,018	9,826	3,675	3,205	2,242
Accounts payable (including amounts due to related parties of $129,752 and $165,295 at June 30, 2025 and 2024, respectively)	1,282	1,472	777	655	612
Accrued liabilities (including amounts due to related parties of $1,044 and $170 at June 30, 2025 and 2024, respectively)	566	260	164	212	179
Income taxes payable	53	18	129	42	13
Lines of credit and current portion of term loans	75	402	170	—	—
Deferred revenue	369	193	135	111	101
Total current liabilities	2,345	2,346	1,375	1,470	969
Deferred revenue, non-current	363	223	170	123	101
Term loans, non-current	37	74	120	—	—
Convertible notes	4,645	1,698	0	—	—
Other long-term liabilities (including amounts due to related parties of $608 and $0 at June 30, 2025 and 2024, respectively)	327	68	38	39	41
Total liabilities	7,717	4,409	1,703	1,779	1,146
Commitments and contingencies (Note 13)	—	—	—	—	—
Common stock and additional paid-in capital, $0.001 par value, Authorized shares: 1,000,000; Issued and outstanding shares: 594,137 and 588,087 at June 30, 2025 and 2024, respectively	2,866	2,831	538	482	438
Accumulated other comprehensive income	705,000	706,000	639,000	911,000	453,000
Retained earnings	3,435	2,586	1,433	943	658
Total Super Micro Computer, Inc. stockholders equity	6,302	5,417	1,972	1,426	1,096
Non-controlling interest	178,000	164,000	165,000	172,000	173,000
Total stockholders equity	6,302	5,417	1,972	1,426	1,096
Total liabilities and stockholders equity	14,018	9,826	3,675	3,205	2,242

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization	58	39	35	32	—
Amortization of debt discount and issuance costs	10	2	0	—	—
Stock-based compensation expense	314	232	54	33	29
Unrealized foreign currency exchange loss (gain)	19	−531,000	−3	−14	—
Loss on extinguishment of convertible notes	30	0	0	—	—
Deferred income taxes, net	−215	−168	−93	−7	−8
Other non-cash (income) expense, net	−3	12	−668,000	368,000	−1
Accounts receivable, net (including changes in related party balances of $5,801, $(721), and $2,925 in fiscal years 2025, 2024, and 2023, respectively)	533	−1,589	−312	−372	−60
Inventories	−356	−2,900	100	−505	−189
Prepaid expenses and other assets (including changes in related party balances of $(1,806), $15,793, and $(3,320) in fiscal years 2025, 2024, and 2023, respectively)	−229	−45	8	−29	−5
Accounts payable (including changes in related party balances of $(35,543), $76,161, and $1,779 in fiscal years 2025, 2024, and 2023, respectively)	−181	679	127	50	189
Accrued liabilities (including changes in related party balances of $874, $(13,847), and $(4,659) in fiscal years 2025, 2024, and 2023, respectively)	272	93	−50	36	25
Income taxes payable	32	−111	87	29	8
Deferred revenue	315	112	71	32	−1
Other long-term liabilities (including changes in related party balances of $608, $(178), and $(321) in fiscal years 2025, 2024, and 2023, respectively)	3	8	−4	−11	−4
Net cash provided by (used in) operating activities	1,660	−2,486	664	−441	123
Purchases of property, plant, and equipment (including payments to related parties of $17,677, $10,625, and $7,844 in fiscal years 2025, 2024, and 2023, respectively)	−127	−124	−37	−45	−58
Investment in equity securities	−56	−70	−500,000	—	—
Acquisition, net of cash acquired	0	−296,000	−2	0	0
Net cash used in investing activities	−183	−194	−39	−46	−58
Proceeds from lines of credit and term loans	1,388	2,157	1,094	1,153	127
Repayment of lines of credit and term loans	−1,769	−1,968	−1,394	−641	−61
Proceeds from exercise of stock options	21	29	30	21	28
Payment for withholding taxes related to settlement of equity awards	−142	−174	−28	−10	−9
Stock repurchases	−200	0	−150	0	−130
Issuances of common stock in public offerings, net of issuance costs of $42,575	0	2,314	0	0	—
Debt issuance costs in connection with amended 2029 Convertibles Notes	−31	0	0	—	—
Purchase of capped calls	−182	−142	0	0	—
Other	26,000	30,000	−33,000	−72,000	—
Net cash provided by (used in) financing activities	2,024	3,912	−448	523	−44
Effect of exchange rate fluctuations on cash	2	−2	−3	−678,000	560,000
Net increase in cash, cash equivalents and restricted cash	3,502	1,229	172	35	21
Cash paid for interest	25	16	9	5	2
Cash paid for taxes, net of refunds	327	392	115	20	3
Unpaid property, plant, and equipment purchases (including due to related parties of $3,879, $2,339, and $810 as of June 30, 2025, 2024, and 2023, respectively)	16	20	2	8	9
Right of use (ROU) assets obtained in exchange for operating lease commitments	276	33	3	11	—
Transfer of inventory to property, plant, and equipment, net	8	13	0	0	—

Filings

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