Analyst Ratings

Date	Action	Analyst	Rating	Target
Jun-01-26	Reiterated	Mizuho Securities		$36 → $44
May-12-26	Reiterated	Mizuho Securities		$30 → $36
May-06-26	Reiterated	Raymond James		$35 → $45
May-06-26	Reiterated	Mizuho Securities		$25 → $30
Feb-04-26	Reiterated	Mizuho Securities		$31 → $33
Feb-04-26	Reiterated	Needham		$51 → $40
Feb-04-26	Reiterated	Barclays	Equal Weight	$43 → $38
Jan-13-26	Reiterated	Goldman Sachs	Neutral	$34 → $26
Jan-09-26	Reiterated	Mizuho Securities		$45 → $31
Nov-06-25	Reiterated	Argus Research		$1350 → $64

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 6/30/2025	FY 2024 6/30/2024	FY 2023 6/30/2023
Total Revenue	33,700	21,972	14,989	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	30,871	19,542	12,928
Gross Profit	2,829	2,430	2,061
Selling, General and Administrative Excl. Other	565	540	387
Research and Development	753	637	464
Other Operating Expense	0	0	0
Operating Income	1,510	1,253	1,211
Interest Expense	136	60	19
Unusual Expense	—	—	—
Non-Operating Income (Expense)	-169	-18	-23
Net Income Before Taxes	1,532	1,206	1,216
Income Taxes	285	157	63
Consolidated Net Income	1,247	1,049	1,153
Net Income From Continuing Operations	1,247	1,049	1,153
Net Income	1,247	1,049	1,153
EPS (Recurring)	2.09	1.77	1.77
EPS (Basic, Before Extraordinaries)	2.09	1.77	1.77
EPS (Diluted)	1.89	1.68	1.68
EBITDA	1,764	1,330	1,272
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	16.22	29.17	—
Price To Sales Ratio	0.54	1.32	—
Gross Margin	8.39	11.06	13.75
Operating Margin	4.48	5.70	8.08
Net Margin	3.70	4.77	7.69
Shares Outstanding	598	594	594
Market Capitalization	18,335	29,112	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
WEIGAND DAVID E	SVP, Chief Financial Officer	May 10 '26	Option Exercise	0.00	8,340	0	118,454	May 12 12:00 AM
CLEGG DON W	SVP, Worldwide Sales	May 10 '26	Option Exercise	0.00	4,620	0	51,003	May 12 12:00 AM
Xiao Jin	Sr. Corporate VP, Engineering	May 10 '26	Option Exercise	0.00	12,136	0	191,574	May 12 12:00 AM
Liu Liang Chiu-Chu Sara	director, 10 percent owner:	May 10 '26	Option Exercise	0.00	12,436	0	635,854	May 12 12:00 AM
Liang Charles	President and CEO	May 10 '26	Option Exercise	0.00	12,436	0	635,854	May 12 12:00 AM
Cheung Kenneth	SVP, Chief Accounting Officer	May 10 '26	Option Exercise	0.00	2,500	0	59,780	May 12 12:00 AM
Liang Charles	President and CEO	Feb 27 '26	Option Exercise	4.24	41,960	177,700	630,780	Mar 03 12:00 AM
Liu Liang Chiu-Chu Sara	director, 10 percent owner:	Feb 27 '26	Option Exercise	4.24	41,960	177,700	630,780	Mar 03 12:00 AM
Liaw Yih-Shyan Wally	Director	Feb 17 '26	Option Exercise	0.00	6,800	0	95,712	Feb 19 12:00 AM
Cheung Kenneth	SVP, Chief Accounting Officer	Feb 17 '26	Option Exercise	0.00	4,500	0	59,457	Feb 19 12:00 AM
Liu Liang Chiu-Chu Sara	director, 10 percent owner:	Feb 17 '26	Option Exercise	0.00	7,300	0	611,908	Feb 19 12:00 AM
Liang Charles	President and CEO	Feb 17 '26	Option Exercise	0.00	7,300	0	611,908	Feb 19 12:00 AM
CLEGG DON W	SVP, Worldwide Sales	Feb 17 '26	Option Exercise	0.00	3,500	0	49,775	Feb 19 12:00 AM
Xiao Jin	Sr. Corporate VP, Engineering	Feb 17 '26	Option Exercise	0.00	8,000	0	187,747	Feb 19 12:00 AM
WEIGAND DAVID E	SVP, Chief Financial Officer	Feb 17 '26	Option Exercise	0.00	13,000	0	117,579	Feb 19 12:00 AM


Market Cap	16.71B	Forward P/E	9.68	EPS next Y	3.17	Insider Trans	0.04%	Shs Float	-	Perf Month	0.33%


Enterprise Value	22.17B	PEG	0.29	EPS next Q	0.70	Inst Own	-	Short Float	-	Perf Quarter	-0.42%


Income	1.25B	P/S	0.50	EPS this Y	37.38%	Inst Trans	-	Short Ratio	-	Perf Half Y	-3.16%


Sales	33.70B	P/B	2.19	EPS next Y	22.01%	ROA	5.32%	Short Interest	-	Perf YTD	4.75%


Book/sh	11.71	P/C	-	EPS next 5Y	10.85%	ROE	18.21%	52W High	62.36 -50.83%	Perf Year	-28.88%


Cash/sh	1.99	P/FCF	-	EPS past 3/5Y	-	ROIC	7.06%	52W Low	19.48 57.39%	Perf 3Y	-


Dividend Est.	-	EV/EBITDA	12.57	Sales past 3/5Y	61.71% 45.76%	Gross Margin	8.39%	Volatility	4.77% 7.02%	Perf 5Y	-


Dividend TTM	-	EV/Sales	0.66	EPS Y/Y TTM	4.76%	Oper. Margin	4.48%	ATR (14)	3.44	Perf 10Y	-


Dividend Ex-Date	-	Quick Ratio	1.29	Sales Y/Y TTM	124.83%	Profit Margin	3.70%	RSI (14)	43.36	Recom	2.68


Dividend Gr. 3/5Y	-	Current Ratio	2.66	EPS Q/Q	35.29%	SMA20	-19.27%	Beta	3.54	Target Price	38.60


Payout	0.00%	Debt/Eq	0.89	Sales Q/Q	122.67%	SMA50	-6.54%	Rel Volume	1.36	Prev Close	27.78


Employees	5,684	LT Debt/Eq	0.74	Earnings	Aug 04	SMA200	-13.76%	Avg Volume	49.63M	Price	30.66


IPO Date	Mar 29, 2007	Option/Short	Yes / Yes	EPS/Sales Surpr.	40.82% 21.68%	Net Debt/EBITDA	3.10	Volume	67,743,506	Change	10.37%

SMCI