Super Micro Computer, Inc. (SMCI) stock — is it a good business?

Super Micro Computer, Inc. (SMCI) stock — is it a good business? — InspectStocks

How it makes money

Server and storage systems95%
Subsystems and accessories3%
Service and software2%
Service1%

Shares of revenue are estimates for FY2025 ended June 30, 2025, not figures from a filing.

Competes with

LNVGYLenovo Group
QUCCFQuanta Computer
6669.TWWiwynn Corporation

What it sells6

AI servers and rack systems
Servers, often fitted with graphics processing units (GPUs), and complete racks built for AI training and use.
General-purpose server systems
Rack-mounted, blade, and multi-node computers for business data centers, cloud providers, and edge computing.
SuperStorage systems
High-capacity storage equipment for business data centers and AI workloads.

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Server subsystems and accessories
Server boards, cases, power supplies, and other components sold separately or used in complete systems.
Data Center Building Block Solutions
Integrated data center equipment that can include servers, networking, racks, cooling and power equipment, software, and installation services.
Management software and global services
Software for monitoring and managing data center equipment, plus help-desk, on-site support, installation, and maintenance.

Who buys it2

Large cloud service providers and businesses with data centers, which may buy directly configured systems and complete racks.
Original equipment makers, resellers, distributors, and system integrators, which buy products to sell or incorporate into systems for end users.

What it stands on, and what could break it

What the business leans on

1Some products rely on a limited number of suppliers for key parts, including processors, graphics processors, memory, and storage components.
2The company uses related parties Ablecom Technology and Compuware Technology for contract manufacturing coordination, component warehousing, and other services.
3Sales are concentrated among a few large customers, and a large share of recent business has been driven by demand for AI computing equipment.
4Sales and support for advanced computing products depend on changing export rules and, in some cases, government licenses.

What could go wrong

1A significant reduction in orders from a few large customers could sharply reduce sales.
2Shortages or price changes for key components, or difficulty matching inventory and manufacturing capacity to customer orders, could delay deliveries and reduce sales or margins.
3Changing export restrictions may limit where advanced computing products can be sold or supported, or require licenses that are delayed or denied.

Full financial statements →

About Super Micro Computer, Inc.

Supermicro designs and assembles computer servers and storage systems, including complete racks for AI data centers. It also sells equipment for cooling and powering those racks, management software, and installation and support services. Customers can buy directly or through resellers and other sales partners.

Head office: San Jose, California, United States
Founded: 1993
Employees: over 7,000 (June 30, 2026, high)
Listed on: Nasdaq Global Select Market
Financial year ends: June 30

Built from Super Micro Computer, Inc.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Keep exploring

The themes Super Micro Computer is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Computer Hardware

Graded A or B and worth $2B or more: A first, then the largest.

All 35 graded companies in its industry

Grade rose recently in Technology

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

All grade rises