Full Year
SMCI — FY2026 (ended June 30, 2026) Annual Report Analysis
Supermicro grew fiscal 2026 net sales 77.8% to $39.1bn and doubled net income to $2.23bn, but burned $6.8bn of operating cash as inventory and receivables ballooned, gross margin slipped again to 10.8%, and its largest customer reached 28.1% of sales.