NASDAQ · SMCI

Super Micro Computer, Inc.

Technology · Computer Hardware

$41.54▲ 0.83% ($0.34)at close

Pre-market$41.72▲ 0.43%7:05 AM ET

52-week

$19.48$58.78

What the market price implies · Reverse DCF

Historical revenue grew by 65.59%/yr over the past 4 years.

Selected forecast · Base scenario

19.61%/yr · actual 10-year annualized revenue growth

Year 1 growth: 40%

Market-implied · Base operating assumptions + edited margins

Unavailable · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

No supported revenue growth rate matches this price with these operating assumptions.

Valuation

Recommended · Revenue & margin DCF

Price used

$41.54

Estimated value / share

Unavailable

Base scenario

USD · TTM ending 2026-06-30

More than 85% of this valuation sits in the terminal value beyond year 10, so the result is driven by the perpetuity assumption rather than the projected decade. The valuation is not shown.

Latest quarterly growth differs materially from the latest annual pace. It remains an observed growth input; review whether acceleration or a change in the business explains it.

Year 1 growth 40% · Ending margin 6% · Discount rate 12.83%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 22, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 23, 2026, 11:05 AM UTC · provider

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Latest FCFF is not positive.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

1Y Price: -11.37%Revenue (TTM): 77.79%FCF (TTM): -554.99%P/E: 25th pct

What changed

The stock fell 11.37% over the last year. Revenue grew 77.79% over the trailing twelve months. Operating margin moved from 5.7% to 7.09%. Free cash flow declined 554.99% over the trailing twelve months.

What the market seems to be pricing

The stock has moved lower against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.

What would invalidate this read

Operating margin currently stands at 7.09%. A decisive move in revenue — currently up 77.79% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

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.

CEOCharles Liang

SectorTechnology

IndustryComputer Hardware

Employees7,000

IPO dateMar 28, 2007

https://www.supermicro.com

Market multiples

Forward P/E—

EV/EBITDA6.21

Enterprise value$18.85B

Stock splits

Oct 1, 2024↑ Forward

Every 1 shares became 10

+900%

Profitability & growth

Revenue growth93.16%

Gross margin (FY2026)10.82%▼0.2ppvs FY2025

Operating margin (FY2026)7.09%▲1.4ppvs FY2025

ROE21.47%▲3.6ppYoY

Analyst consensus

RatingHold

Target price$41.44▼0.24%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 3, 2026

Q4 FY26 · EPS est $1.06 · Revenue est $14.94B

View