Why did Super Micro Computer (SMCI) stock move recently?

On 7/21/2026, Super Micro Computer moved +7.0% — SMCI rose sharply as AI hardware stocks rebounded in tandem with the broader NASDAQ, with peers Dell and HPE also posting strong gains. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Super Micro Computer (SMCI) overvalued or fairly valued?

MarketChacha shows Super Micro Computer's valuation in context — a trailing P/E of about 16.3, a forward P/E of about 8.6, a price-to-book of about 2.3 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Super Micro Computer's revenue?

Super Micro Computer reported revenue of $22.0B for FY2025, with net profit of $1.0B, per official filings.

What is the share price of Super Micro Computer (SMCI)?

Super Micro Computer last traded at $28.45 (-5.5% on the day), as of 7/28/2026 — a delayed quote shown for education, not investment advice.

Super Micro Computer

SMCI · NASDAQ · Technology · United States

Snapshot

TickerSMCI

ExchangeNASDAQ

SectorTechnology

IndustryComputer Hardware

CountryUnited States

CEOMr. Shin-Chun Hsu

Employees6,238

HeadquartersSan Jose, United States

Websitewww.supermicro.com

Filings tracked21

About Super Micro Computer

Super Micro Computer, Inc., together with its subsidiaries, develops and sells server and storage solutions based on modular and open-standard architecture in the United States, Asia, Europe, and internationally. The company provides liquid and air-cooled AI servers for training and inferencing with integrated graphics processing units (GPUs) or PCIe based architectures; SuperBlade, MicroBlade, FlexTwin, GrandTwin, and BigTwin blade and multi-node systems; SuperStorage systems; Hyper, CloudDC, and WIO and rackmount systems; embedded (5G/IoT/Edge) systems; and MicroCloud server systems. It also offers workstations and networking devices; and modular server subsystems and accessories, including server boards, chassis, power supplies, and other accessories. In addition, the company provides remote system management solutions, such as Server Management suite comprising Supermicro Server Manager, Supermicro Power Management software, Supermicro Update Manager, SuperCloud Composer, and SuperDoctor 5. Further, the company identifies service requirements; creates and executes project plans; conducts verification testing; offers training; and provides technical documentation. Additionally, it offers rack level services from design to deployment for full rack and cluster level deployments of AI and HPC datacenters; help desk services and on-site product support; and warranties, maintenance, and technical support services. The company serves enterprise data centers, cloud computing, artificial intelligence, 5G, and edge computing markets through direct and indirect sales force, distributors, value-added resellers, system integrators, and original equipment manufacturers. Super Micro Computer, Inc. was incorporated in 1993 and is headquartered in San Jose, California.

Who owns it

Insiders12.9%
Institutions64.1%
Public & other23.0%

1,042 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.7.21%
Vanguard Capital Management LLC5.47%
Vanguard Portfolio Management LLC4.92%
State Street Corporation3.66%
Geode Capital Management, LLC2.35%
UBS Group AG2.01%
Invesco Ltd.1.96%
Morgan Stanley1.28%

Largest institutional holders — last updated 3/31/2026.

Forensic scorecard

Over 3 years only -0.06× of reported profit became operating cash — the classic sign that headline earnings may be running ahead of the cash actually generated. Often explained by working capital funding growth; worth a closer look.

Cash conversion-0.06×

Net margin trend9.0% → 4.8%

Margin has compressed by about 4.2 points over the period — profitability is trending down.

Return on equity16.6%

Latest ROE of 16.6% — capital is generating a healthy return.

Growth qualityrev 76% · PAT 28%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $12.1B · EPS 0.76

Est. earnings growth +115.8%

Next fiscal year

Rev $53.3B · EPS 3.31

Est. earnings growth +16.7%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$22.0B

Net margin

4.8%

ROE

16.6%

Revenue CAGR (2y)

+75.6%

Profit CAGR (2y)

+28.0%

EPS (FY2025)

1.68

Net profit (FY2025)

$1.0B

Ask MarketChacha about SMCI

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Jul 21, 2026
SMCI rose sharply as AI hardware stocks rebounded in tandem with the broader NASDAQ, with peers Dell and HPE also posting strong gains.
source 1 ↗· confidence: high
Jul 16, 2026
SMCI declined as part of a broader AI hardware and server stock correction, with peers including Dell and HPE also sliding sharply on the day.
source 1 ↗source 2 ↗· confidence: high
Jul 8, 2026
SMCI rose on a July 8 product announcement launching validated Kubernetes Edge AI appliances in partnership with Red Hat and Everpure, targeting edge AI deployments.
source 1 ↗source 2 ↗· confidence: high
Jul 7, 2026
SMCI declined amid ongoing investor concerns over governance issues and a sharp recent selloff (down ~36% in the prior month following a Q3 revenue miss and margin pressures), with no specific new catalyst identified for the session.
source 1 ↗source 2 ↗· confidence: low
Jul 1, 2026
No specific company catalyst reported for the decline; SMCI moved lower alongside broader market or sector sentiment.
· confidence: low
Jun 30, 2026
SMCI rose as it rebounded from the prior day's sharp drop triggered by Taiwan authorities raiding its offices in an ongoing probe into alleged Nvidia chip smuggling to China via its servers; positive analyst commentary on valuation and cash flow also supported sentiment.
source 1 ↗source 2 ↗· confidence: medium
Jun 29, 2026
Super Micro Computer shares fell sharply after Taiwanese authorities raided its offices as part of an expanding investigation into alleged smuggling of Nvidia AI chips to China.
source 1 ↗source 2 ↗source 3 ↗· confidence: high
Jun 26, 2026
SMCI declined with broader market sentiment amid OpenAI-related concerns, despite recent positive analyst commentary on AI server developments and upgrades.
· confidence: low
Jun 22, 2026
Super Micro Computer shares surged after GF Securities upgraded the stock to Buy with a $48 target and the company unveiled NVIDIA Vera Rubin NVL4 AI server blueprints at ISC 2026, positioning it as a key system builder for the new platform and reigniting AI server momentum.
source 1 ↗source 2 ↗source 3 ↗· confidence: high
Jun 18, 2026
SMCI rose 10% on June 18 with no specific new catalyst, outperforming peers like Dell (flat) and HPE (down) amid broader AI server stock momentum following the prior week's $7B financing news.
source 1 ↗source 2 ↗· confidence: medium

Daily moves with the verified reason behind them. Education only — not investment advice.

On MarketChacha

Posts about SMCI

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$22.0B	$1.0B	1.68	4.8%	16.6%
FY2024	$15.0B	$1.2B	1.92	7.7%	21.3%
FY2023	$7.1B	$640.0M	1.14	9.0%	32.5%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$10.2B	$483.4M	0.72	4.7%
2025Q4	$12.7B	$400.6M	0.60	3.2%
2025Q3	$5.0B	$168.3M	0.26	3.4%
2025Q1	$4.6B	$108.8M	0.17	2.4%
2024Q4	$5.7B	$320.6M	0.51	5.6%
2024Q3	$5.9B	$424.3M	0.67	7.1%
2024Q1	$3.9B	$402.5M	0.66	10.5%
2023Q4	$3.7B	$296.0M	0.51	8.1%
2023Q3	$2.1B	$157.0M	0.27	7.4%
2023Q1	$1.3B	$85.8M	1.53	6.7%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Exhibits
SEC7/21/2026material
8-K — Material agreement, Security holder rights, Bylaw/charter change, Exhibits
SEC6/15/2026material
8-K — Material agreement, Reg FD disclosure, Exhibits
SEC6/12/2026material
8-K — Other events, Exhibits
SEC6/9/2026material
8-K — Executive/director change, Exhibits
SEC5/18/2026material
10-Q filing
SEC5/11/2026
8-K — Results of operations, Exhibits
SEC5/5/2026material
8-K — Executive/director change, Shareholder vote results, Exhibits
SEC4/20/2026material
8-K — Executive/director change, Exhibits
SEC3/20/2026material
10-Q filing
SEC2/6/2026
8-K — Results of operations, Exhibits
SEC2/3/2026material
8-K — Material agreement, Exhibits
SEC1/29/2026material
8-K — Material agreement, Other events, Exhibits
SEC1/26/2026material
8-K — Material agreement, Exhibits
SEC1/2/2026material
8-K/A — Executive/director change, Exhibits
SEC1/2/2026

2025

8-K — Executive/director change, Exhibits
SEC12/29/2025material
10-Q filing
SEC11/7/2025
8-K — Results of operations, Exhibits
SEC11/4/2025material
8-K — Results of operations, Exhibits
SEC10/23/2025material
10-K filing
SEC8/28/2025
8-K — Results of operations, Exhibits
SEC8/5/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.