SMCI
Super Micro Computer, Inc.Evidence as of 2026-10-06The desk's Snapshot
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Overview · Super Micro Computer, Inc.
Super Micro Computer, Inc., together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and secu…
Management team
- Mr. Yih-Shyan Liaw · Senior VP of Business Development & DirectorFind on LinkedIn
- Mr. Vik Malyala · Senior VP, MD & President of the EMEA DivisionFind on LinkedIn
- Mr. Shin-Chun Hsu · Senior Chief Executive of Strategic BusinessFind on LinkedIn
- Mr. Patrick Wang · President of East Coast & SVP of Strategy and Corporate DevelopmentFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.6 on a −2 to +2 scale (was −0.5 before the debate changed the read).
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The desk rates the evidence balance as Cautious ( -0.6 of a possible + 2; confidence high) based on 39 surviving claims from 16 sources. Revenue rose across the reported quarters to $ 10,243,014,000 in Q3 2026 (fiscal quarter ended 2026-04-30) after $ 5,017,790,000 in Q1 2026 (fiscal quarter ended 2025-10-31) and $ 12,682,491,000 in Q2 2026 (fiscal quarter ended 2026-01-31). Operating income and net income each increased each quarter to $ 625,868,000 and $ 483,387,000 respectively in Q3 2026, while gross margin computed from the reported numbers was about 9.3% in Q1, 6.3% in Q2 and 9.95% in Q3. Cash balances showed large intra-year swings from $ 4,196,867,000 ( 2025-09-30 ) down to $ 1,290,324,000 ( 2026-03-31 ) and then up to $ 7,521,474,000 ( 2026-06-30 ), and shares outstanding increased to 656,965,384 as of 2026-07-31.
Market signals are mixed: six‑month momentum through 2026-10-05 is unusually strong at + 95.9% ( 95th percentile), while twelve‑month adjusted momentum is - 5.6% ( 25th percentile). Volatility is high (90‑day annualized + 104.9%, 97th percentile), beta is 3.72, and the three‑year max drawdown is - 84.8% with a current drawdown of - 63.6%. The 10‑K filed 31 August 2026 discloses a material weakness in internal control as of 2026-06-30 and notes an unsealed March 19, 2026 indictment of three individuals associated with the company (the company is not named as a defendant but is subject to subpoenas and inquiries).
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Revenue was $5,017,790,000 in fiscal Q1 2026 (2025-07-01 to 2025-09-30, 3mo), $12,682,491,000 in fiscal Q2 2026 (2025-10-01 to 2025-12-31, 3mo) and $10,243,014,000 in fiscal Q3 2026 (2026-01-01 to 2026-03-31, 3mo).
XBRL companyfacts · 0001375365-25-000030Gross profit was $467,373,000 in fiscal Q1 2026, $798,567,000 in fiscal Q2 2026 and $1,018,680,000 in fiscal Q3 2026, implying gross margins of ~9.3% (Q1), ~6.3% (Q2) and ~9.95% (Q3) when computed as gross profit divided by the respective quarterly revenue.
XBRL companyfacts · 0001375365-25-000030Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
In the Annual Report on Form 10-K filed 31 August 2026, management states it concluded that internal control over financial reporting and disclosure controls and procedures were not effective as of June 30, 2026 due to a material weakness and that remediation efforts have been initiated but may not be adequate.
10-K filed 2026-08-31The Form 10-K filed 31 August 2026 discloses the unsealing on March 19, 2026 of an indictment of three individuals who were either employed or associated with the company at the time, and notes the company is not named as a defendant but has been the subject of related subpoenas and inquiries from the SEC, the U.S. Attorney’s Office for the Southern District of New York, the BIS Office of Export Enforcement and other authorities.
10-K filed 2026-08-31Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
Six-month momentum through 2026-10-05 is +95.9% and ranks in the 95th percentile of the 765-stock research universe, indicating unusually strong recent price appreciation over that horizon.
Moneyta signal set · 2026-10-05weakened in debateTwelve-month momentum adjusted (momentum_12_1) is -5.6% and ranks in the 25th percentile of the 765-stock universe, showing the 12-month-minus-1-month measure is weak on balance.
Moneyta signal set · 2026-10-05weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional holders reported aggregate 13F holdings valued at "$18.18B" as of 2026-06-30 (13F filings carry a 45-day reporting lag).
13F holdings · 796 filers · as of 2026-06-30The top five reported institutional holders as of the 2026-06-30 13F period include JANE STREET GROUP, LLC ($1.48B), BlackRock, Inc. ($1.40B), SUSQUEHANNA INTERNATIONAL GROUP, LLP ($1.25B), VANGUARD CAPITAL MANAGEMENT LLC ($1.07B), and VANGUARD PORTFOLIO MANAGEMENT LLC ($963.9M).
13F holdings · 796 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Several headlines highlight growing AI server demand and note Supermicro's liquid-cooled systems' relevance to new accelerator platforms.
News · kalkinemedia.com · 2026-10-05Late-September coverage describes a NetApp collaboration that pairs Supermicro's rack-scale systems with NetApp's data platform for jointly validated AI infrastructure.
News · simplywall.st · 2026-10-04Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Liang Charles (President and CEO) sold 100,000 shares for "$4.0M" on 2026-09-04 under a stated 10b5-1 plan (filing reports the trade and the plan).
Form 4 · Liang Charles (President and CEO) · $4.0M sold · 2026-09-04Liang Charles (President and CEO) sold 57,435 shares for "$2.2M" on 2026-09-03 under a stated 10b5-1 plan (filing reports the trade and the plan).
Form 4 · Liang Charles (President and CEO) · $4.0M sold · 2026-09-04Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The reported price on 2026-10-05 is $43.19 and the market capitalization is $28,374,334,935.
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve‑month price-to-earnings (P/E) is 24.68 based on the provided EPS ttm of $1.75 and price information.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
The evidence set contains multiple company-specific operating and financial signals that jointly support a favorable read: quarterly revenue, operating income, net income and diluted EPS each rose across the three fiscal quarters cited (fundamentals-0, fundamentals-2, fundamentals-3), gross profit expanded into Q3 (fundamentals-1), and the company reported $2.23B net income for fiscal 2026 while adding a $2.0B revolving credit facility (filings-4), which together indicate sizeable scale and recently improving profitability metrics. Market and coverage signals show concentrated investor interest and strong shorter-term price momentum — six‑month momentum ranks in the 95th percentile and price sits meaningfully above the 50‑ and 200‑day SMAs with a golden cross (market-0, market-5) — and institutional 13F holdings and ETF inclusion point to broad institutional exposure (ownership-0, ownership-1, ownership-2). News items tie the business to growing AI infrastructure demand and specific customer integrations (news-0, news-1, news-2), which is consistent with rising operating income and revenue growth reported in the fundamentals. Against the bear points, the disclosed regulatory inquiries and internal control weakness are factually material but the filings state the company itself is not a defendant and remediation efforts are underway (filings-1, filings-0), and insider dispositions were largely executed under 10b5-1 plans while some insiders recorded small acquisitions (insider-0..3, insider-4, insider-5). Taken together, the weight of operating performance, recent cash and liquidity events, institutional ownership and AI-related news provide a cohesive, favorable interpretation of the evidence; however, high volatility and historical drawdowns remain material observations that coexist with the positive signals (market-2, market-4).
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.35
39 surviving claims rest on 16 distinct sources; the heaviest analyst carries 15% of them, and 97% of what the desk raised survived the debate.
The surviving set rests on a moderate breadth of documentary sources and is not dominated by a single analyst’s view, which reduces single-point failure risk; however, many claims survived the internal debate intact, so the desk’s position shows high internal persistence and therefore greater claim weight than a typical preliminary read. Source concentration across 16 distinct documents still leaves some brittleness where key filings or a small number of news items could change multiple claims at once.
Peer context · computed, not argued
12-1 momentum ranks 8th of 8 in Computer Hardware (as of 2026-10-05).
90-day volatility ranks 1st of 8 in Computer Hardware (as of 2026-10-05).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
10 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+0.3 to the score
12 documents· 3 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−1.0 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−0.8 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.8 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
9 filings· 1 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot−0.7 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
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Street target range
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