Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Supermicro

SMCI stock analysis · Information Technology · Technology Hardware, Storage & Peripherals

FY 2025-06-30ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$29.33HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$19.3B

Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$35.43

Equity cash-flow scenario · SEC outstanding shares at 2026-06-30 · 20.8% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

0.6%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

131.1%

6 industry peers · median 42.5×

How this is calculated ↗
Valuation

Historical multiples

Requires three annual historical market caps and eligible filed earnings.

Requires three annual historical market caps and eligible filed earnings.

How this is calculated ↗
Valuation

Free cash flow yield

8.0%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

Requires two adjacent years of positive average capital, equity, cash, debt and operating income.

Requires two adjacent years of positive average capital, equity, cash, debt and operating income.

How this is calculated ↗
Valuation

Value composite

83/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

42.7%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

1.0%

Annual basis · read assumptions below

How this is calculated ↗
Quality

Accrual quality

-5.1%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

22.8%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 6.8B2021-06-30: cfo $122,955,000.002021-06-30: capex $58,016,000.0020212022-06-30: cfo -$440,801,000.00 (negative; lower scale compressed)2022-06-30: capex $45,182,000.0020222023-06-30: cfo $663,580,000.002023-06-30: capex $36,793,000.0020232024-06-30: cfo -$2,485,972,000.00 (negative; lower scale compressed)2024-06-30: capex $124,279,000.0020242025-06-30: cfo $1,659,524,000.002025-06-30: capex $127,214,000.0020252026-06-30: cfo -$6,809,886,000.00 (negative; lower scale compressed)2026-06-30: capex $161,999,000.002026
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$44.44$48.49$52.84
10.0%$32.56$35.43$38.51
12.0%$25.69$27.88$30.22

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2026-06-3039.1B2.2B-6.8B162M29.9B
2025-06-3022B1B1.7B127.2M14B
2024-06-3015B1.2B-2.5B124.3M9.8B
2023-06-307.1B640M663.6M36.8M3.7B
2022-06-305.2B285.2M-440.8M45.2M3.2B
2021-06-303.6B111.9M123M58M2.2B
2020-06-303.3B84.3M-30.3M44.3M1.9B
2019-06-303.5B71.9M262.6M24.8M1.7B
2018-06-303.4B46.2M84.3M24.8M1.8B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue22BRevenueFromContractWithCustomerExcludingAssessedTax2026-08-31
netIncome1BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-08-31
Parent/common earnings proxy1BNetIncomeLossAvailableToCommonStockholdersBasic2026-08-31
cfo1.7BNetCashProvidedByUsedInOperatingActivities2026-08-31
capex127.2MPaymentsToAcquirePropertyPlantAndEquipment2026-08-31
operatingIncome1.3BOperatingIncomeLoss2026-08-31
assets14BAssets2026-08-31
equity6.3BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-08-31
Parent book equity proxy6.3BStockholdersEquity2026-08-31
debtNot reported under a supported tag
shortDebtNot reported under a supported tag
cash5.2BCashAndCashEquivalentsAtCarryingValue2026-08-31
shares628.4MWeightedAverageNumberOfDilutedSharesOutstanding2026-08-31
dividends0Reviewed manual correction
This issuer explicitly confirms in its annual filing that it has never declared or paid cash dividends on its common/capital stock. Reviewed cash-dividend zero, bounded to fiscal period ending 2025-06-30. The exact statement and source filing are retained in the evidence record. This is explicit filing evidence, not an assumption from an absent cash-flow line. Surrounding source passage reviewed as the registrant’s own common-stock policy, not a subsidiary or predecessor statement.
2026-08-31
buybacks200MPaymentsForRepurchaseOfEquity2026-08-31
issuance0ProceedsFromIssuanceOfCommonStock2026-08-31