Super Micro Computer, Inc.

Company facts

Industry

Electronic Computers

Headquarters

San Jose, California

Most recent report

10-Q, filed Nov 6, 2026

Incorporated

California

Filings on record

1,003+ filings

On EDGAR

CIK 1375365

Fiscal year ends

June

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 4 of 13 sections worth reading, with 2 positive, 5 notable, and 5 negative flags.

• Financial Statements (Item 1)

  Financial statements and notes with massive revenue jump, customer concentration, and litigation.
  Notable

  • Company received $163.6M in IEEPA tariff refunds, with $157.6M recorded as a reduction of cost of sales in Q1 2027.
  Negative

  • One customer accounted for 44% of total net sales in Q1 2027, up from 17.3% for the top customer in Q1 2025.
  • Company faces multiple securities class actions, SEC and DOJ subpoenas, and an indictment of former employees for export violations.
  • Non-cancelable purchase commitments total $33.3B as of Sep 2026, a huge future obligation.

• Management's Discussion (Item 2)

  Revenue up 297.5%, net income up 847%, but cash flow negative and huge purchase commitments.
  Positive

  • Net sales rose 297.5% to $19.9B in Q1 2027, driven by AI platform demand.
  • Gross margin rose to 12.7% from 9.3% in Q1 2027, due to product and customer mix.
  Notable

  • Related-party purchases from Ablecom and Compuware fell to 1.1% of cost of sales in Q1 2027 from 3.4%.
  • Legal and internal investigation expenses rose 548.6% to $20.3M in Q1 2027.

• Controls and Procedures (Item 4)

  Material weakness in ITGC controls remains unremediated as of Sep 30, 2026.
  Notable

  • Remediation actions underway include IT architecture review, enhanced user access controls, and firewall protocols.
  Negative

  • CEO and CFO concluded disclosure controls were not effective as of September 30, 2026 due to the material weakness.
  • Material weakness in ITGC controls remains unremediated as of September 30, 2026, first identified in FY2026 10-K.

• Legal Proceedings (Item 1)

  Cross-references Note 15 with quantified litigation exposure; reader must check that note.
  Notable

  • Cross-references Note 15 for litigation details; no specifics given here.

What changed: Sep 2026 vs. Mar 2026

About 22% of SMCI's Sep 2026 10-Q is new information. 103 paragraphs were added, 178 changed, and 145 removed. Below are the most important lines SECSift identified.

• Item 1 160
• Item 2 55
• Item 4 12
• Item 5 8
• Item 6 6
• Item 3 4
• Item 1A 1