Super Micro Computer Inc (SMCI) Fair Value & Analysis
Technology · US · Market cap $15.6B · ISIN US86800U3023
What is Super Micro Computer Inc really worth?
Super Micro Computer Inc
SMCI · US
A solid business, currently priced close to our fair value of $37.09.
Strengths
Risks
Fair value as of: Aug 29, 2026
From 26 valuation models · updated 7 days ago
Share price +19.5% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- The price sits in the upper half of our model range, so the margin of safety is thin.
- The data supports the verdict: every model runs on fully documented inputs.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.
How to read this chart
60‑month range $3.30 – $118.81 · fair‑value band $27.97 – $46.22 · the $37.87 price screens above the $37.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.
Analysis
Super Micro Computer Inc (SMCI) currently trades at $37.87, while our model-based Fair Value estimate is $37.09, implying the stock looks roughly 2.1% fairly valued today. The Quality Score stands at 50/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of $66.70 per share, and 16 of the 26 models we run sit above the $37.87 price. Bear case: the Asset-Based group reads lowest at $6.53, and 10 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Super Micro Computer Inc generated revenue of $33.7B at a net margin of 3.7%. Revenue grew 122.7% year over year. It earns a return on equity of 17.9%. The balance sheet holds a net cash position of $391M. Fundamentals as of Aug 29, 2026
Our scenario range runs from $27.97 (bear case) to $46.22 (bull case); at $37.87, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 39% below its 52-week high and 94% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −53% fair-value upside, at −2%, SMCI screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 12 months have passed since. In that time the company retained roughly $1.90 per share, which is 5.1 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Growth Earnings ($66.70) versus Dividend Discount ($0.7600). Highest evidence: FCF DCF (75).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 55 · Market factors (momentum, volatility) 22
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
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.
Full company description
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 provides 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 offers workstations and networking devices; and modular server subsystems and accessories, including server boards, chassis, power supplies, and other accessories. In addition, the company provides remote system management solutions, such as Server Management suite comprising Supermicro Server Manager, Supermicro Power Management software, Supermicro Update Manager, SuperCloud Composer, 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 offers 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. was incorporated in 1993 and is headquartered in San Jose, California.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Super Micro Computer Inc reported revenue of $22.0B in FY2025 versus $5.2B in FY2021, a compound +43.4%/yr. Reported net income was $1.0B in FY2025, compounding +38.5%/yr from FY2021.
of which total revenue +25.6 % · buybacks/dilution −1.9 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Peer Group
Computer Hardware · 222 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Computer Hardware median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Dell Technologies Inc DELL | $456.24 | $187.75 | −59% |
| Arista Networks, Inc ANET | $201.09 | $57.72 | −71% |
| Western Digital Corporation WDC | $441.57 | $47.49 | −89% |
| Hygon Information Technology Co 688041 | ¥246.21 | ¥30.66 | −88% |
| Hangzhou Hikvision Digital Technology Co 002415 | ¥35.18 | ¥40.44 | +15% |
| Shenzhen Longsys Electronics Co 301308 | ¥376.88 | ¥91.67 | −76% |
| Lenovo Group 0992 | HK$30.12 | HK$33.70 | +12% |
| Dawning Information Industry Co 603019 | ¥83.19 | ¥39.38 | −53% |
| HP Inc HPQ | $30.52 | $48.62 | +59% |
| Inspur Electronic Information Industry Co 000977 | ¥73.79 | ¥44.02 | −40% |
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