Supermicro
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 offers liquid and air-cooled AI servers for training and inferencing with …
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 offers 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 provides workstations and networking devices; and modular server subsystems and accessories, including server boards, chassis, power supplies, and other accessories. In addition, the company offers remote system management solutions, such as Server Management suite comprising Supermicro Server Manager, Supermicro Power Management software, Supermicro Update Manager, SuperCloud Composer, SuperCloud Director, 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 provides 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. has a strategic alliance with NetApp, Inc. Super Micro Computer, Inc. was incorporated in 1993 and is headquartered in San Jose, California.After signing in, return here and select “Add to watchlist”. Saving companies requires a verified email address.
Looks undervalued
5-year outlook: Not shown because confidence is low: EV/EBITDA (12x) agrees.
Other models: USD 40.03–59.37 (median 49.70). The recommended value is in line with them.
Why: Free cash flow cannot be used (negative or far below earnings, with too little history to normalise it), so value is based on reinvestment-adjusted earnings.
Start with the price and fair value range, then review the data dates and assumptions below. Estimates are not predictions or investment advice.
Market price below modeled range
Earnings-based DCF using Fiscal year 2026 net income, of which 70% is treated as distributable after reinvestment, with no extra debt or cash adjustment because net income is already after interest. Used because free cash flow or dividends do not give a usable base. Base assumptions are 20.25% growth, 3.25% terminal growth, and 11.5% discount; this illustrative range is not a statistical confidence interval or investment advice.
Assumptions: growth 20.25%, discount rate 11.50%, terminal growth 3.25% (sector defaults). See a worked example.
Blended growth assumption: 20.2% (sector default 8.5%, own revenue history 40.0%, analyst revenue consensus 16.2%).
Analyst consensus expects revenue growth of 16.3% a year; the growth assumption used is 20.3%.
Adjust assumptions
Why this model: Free cash flow cannot be used (negative or far below earnings, with too little history to normalise it), so value is based on reinvestment-adjusted earnings.
Compare models- Recommended: Earnings-based DCF — USD 54.65 (+94.8%)
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EPS-based Gordon proxy
— USD 40.03 (+42.7%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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FCFF (steady state)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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EV/EBITDA (12x)
— USD 59.37 (+111.7%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
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Fade DCF (10-year growth fade)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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EV/Sales (Rule of 40)
— USD 318.63 (+1035.9%)
Not used: Used only when cash-flow models land far below the price; here they do not.
| Bear USD 41.42 | 32.3% |
| Base USD 54.65 | 48.7% |
| Bull USD 76.71 | 63.4% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
At USD 28.05 the market implies about this annual free-cash-flow growth for 5 years (terminal 3.3%, discount 11.5%).
Compare: the market implies 3.4% a year, this model assumes 20.3%. The model is more optimistic than the price, which is why it reads as undervalued.
Sensitivity: base value per share
How the Earnings-based DCF value changes with growth (rows) and discount rate (columns). Green cells are above the current price.
These are assumption-based scenarios, not a confidence interval. Scroll horizontally to see all discount rates.
| Growth \ Discount | 9.5% | 10.5% | 11.5% | 12.5% | 13.5% |
|---|---|---|---|---|---|
| 16.3% | 62.91 | 53.81 | 46.92 | 41.54 | 37.21 |
| 18.3% | 68.06 | 58.15 | 50.66 | 44.81 | 40.10 |
| 20.3% | 73.55 | 62.78 | 54.65 | 48.29 | 43.18 |
| 22.3% | 79.40 | 67.72 | 58.89 | 51.99 | 46.46 |
| 24.3% | 85.64 | 72.97 | 63.41 | 55.93 | 49.94 |
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
6 months price change: -19.45% · USD 27.08 · Market data through 05 Nov 2026 ; dashed line is today’s model base value (USD 54.65). The fair value is today’s estimate, not what the model said in the past.
Saved price history is current through 05 Nov 2026; last refreshed 06 Nov 2026 18:14 (7 minutes ago).
07 May 2026Range USD 23.83 – 50.1705 Nov 2026
Latest news
Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.
More detail: quality, peers, price history, dividends and financials
Quality score: 60 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 2 of 5 years | 8 / 20 |
| Growth | revenue +65.6% a year | 20 / 20 |
| Margins | EBITDA margin 7% | 0 / 20 |
Peers in Information Technology
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| SMCI (this company) | USD 28.05 | 48.7% | 8.8 | 1.4 | – | 60 |
| SNDK Sandisk | USD 822.18 | 47.4% | 6.0 | 6.5 | – | 76 |
| ADBE Adobe Inc. | USD 241.27 | 44.8% | 12.9 | 8.0 | – | 100 |
| IT Gartner | USD 187.01 | 35.0% | 12.4 | – | – | 92 |
| INTU Intuit | USD 342.20 | 34.3% | 20.4 | 4.9 | 1.4% | 100 |
| HPQ HP Inc. | USD 28.82 | 33.1% | 10.9 | – | 4.1% | 64 |
| GIB-A.TO CGI Inc. | CAD 116.30 | 26.4% | 14.0 | 2.4 | 0.6% | 90 |
| FSLR First Solar | USD 199.33 | 24.7% | 11.5 | 2.0 | – | 73 |
| CRM Salesforce | USD 214.58 | 19.6% | 18.2 | 4.6 | 0.9% | 100 |
| Peer median | 12.6 | 4.7 | ||||
Annual financial statement
Saved annual report · Fiscal year 2026 · SEC EDGAR annual filings · period ended 30 Jun 2026
| Revenue | USD 39,063,072,000 |
|---|---|
| EBITDA | USD 2,823,486,000 |
| EBIT | USD 2,770,486,000 |
| Net income | USD 2,230,453,000 |
| Free cash flow | USD -6,971,885,000 |
| Capital expenditures | USD -161,999,000 |
| Debt | USD |
| Cash | USD 7,521,474,000 |
| Working capital | USD 20,566,146,000 |
| Shares outstanding | 697,348,000 |