Super Micro Computer

SMCI

Computer Hardware · Technology

Price

$37.24

+0.74 (+2.03%)

Market Cap

$24.09B

Exchange

NASDAQ

Winston Score

Winston is curious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Good

Cash Flow

Weak

Stability

Strong

Valuation

Strong

Track this stock — start free trial

Share count rising — dilution

+24.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 559.7M (2022) → 697.3M (2026)

Winston Score History

The full picture

Super Micro Computer (known as Supermicro) builds servers and data center equipment. Its main products are high-performance servers, storage systems, and networking gear sold to cloud companies, AI data centers, enterprises, and government customers. Supermicro is known for its "building block" approach, letting customers mix and match components to customize their systems, and it has become a major supplier of servers designed to run Nvidia GPUs for artificial intelligence workloads.

Supermicro makes money by selling hardware — servers, storage, and related parts — and earns additional revenue from software and services. The company operates globally, with manufacturing in the United States, Taiwan, and the Netherlands, and generates several billion dollars in annual revenue. Its competitive edge comes from fast product development and close ties to chip suppliers like Nvidia and Intel, but its very thin gross margin (around 8%) leaves little room for error, and the company has faced scrutiny over its financial reporting practices in recent years, which remains a key risk for investors.

Politician Trades

14 trades / 12mo

7 Congressional buys and 7 sells on SMCI in the last 12 months.

Unlock the full Smart Money Map — every trade plotted on the price chart with politicians, amounts and returns since each trade. Founder's Deal is $57/mo locked for life.

Unlock politician trades

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+93.2% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+472.7% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$771M/ year

↑ Rising (+21% vs prior year)

2.0% of revenue

Below sector average (15%)

R&D investment increasing — building for the future

Insider Activity

12.9%ownership

↓ Declining

Insider ownership declining — could be dilution or selling

Cash Position

Cash flow positive

$7.5B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Super Micro Computer grew revenue 93% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

17.5%

Thin — 17.5% gross margin

Profit after running costs

Operating Margin

13.4%

Healthy — 13.4% operating margin

Return on the money invested

ROCE

13.1%

Good — 13.1% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+77.8%

Fast-growing sales (+77.8% YoY)

Profit growth

EPS YoY

+196.7%

Earnings growing fast (+196.7% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

-305%

Weak — only -305% of profit becomes cash

Spare cash per sale

FCF Margin

-17.8%

Burning cash (-17.8%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.46

Conservative — low debt load (0.46)

Covers its interest

Interest Cover

14.24x

Comfortably covers interest (14.2x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

10.2x

Attractive valuation — P/E 10.2

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

+1.6

GROWING

Earnings expected to grow — slightly cheaper on forward P/E

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial