Super Micro Computer (NASDAQ: SMCI) is a server and storage hardware company that designs, manufactures, and sells application-optimized server systems, storage systems, and related components for data centers, AI infrastructure, and enterprise computing. Revenue is transactional, generated from the sale of complete server and storage platforms, modular blade servers, rack-scale solutions, networking devices, server sub-systems, and global support and services. The company reported net sales of $21.97 billion in fiscal year 2025 (ended June 30, 2025), up from $14.99 billion in fiscal year 2024 and $7.12 billion in fiscal year 2023. Gross profit was $2.43 billion in fiscal year 2025, representing an 11.1% gross margin. Net income was $1.05 billion in fiscal year 2025. The company is headquartered in San Jose, California, was founded by Charles Liang, who serves as President, CEO, and Chairman as of August 28, 2025, and competes directly with large server and data center hardware suppliers.

Revenue model

Transactional product sales of complete servers, storage systems, blade servers, rack-scale solutions, server sub-systems, accessories, and global support and services. No subscription or recurring revenue model is described in the filing.

Products and services

Server and storage platforms including SuperBlade, MicroBlade, FlexTwin, GrandTwin, and BigTwin blade and multi-node server families; SuperStorage high-density storage systems; Hyper, CloudDC, and WIO rackmount server families; Embedded (5G/IoT/Edge) systems; MicroCloud server systems; server boards, chassis, power supplies, and accessories. Also full rack-scale solutions with liquid cooling, including direct-to-chip cold plate solutions, Cooling Distribution Units, and Cooling Distribution Manifolds. Products are built on the Building Block Solutions architecture. Support and services for installation, upgrade, and maintenance of computing infrastructure.

Customers and end markets

AI data centers, cloud data centers, enterprise IT, 5G/IoT/edge computing environments. End-market demand is driven by AI workloads and data center build-outs. Specific customer names and concentration data are not disclosed in the filing excerpts.

Value-chain role

Vertically oriented server and storage OEM. Designs, manufactures, and tests complete systems and many sub-systems in-house using the Building Block Solutions modular architecture. Works directly with component suppliers including NVIDIA, Intel, AMD, Broadcom, Samsung, and Micron to integrate new processors, GPUs, memory, and storage technologies at launch. Operates worldwide manufacturing facilities and delivers complete rack-scale solutions including liquid cooling infrastructure.

Geographic exposure

Worldwide manufacturing facilities and global customer delivery are referenced in the FY2025 10-K filing, but specific revenue breakdowns by geography are not provided in the filing excerpts.

Competitors

NVIDIA Corporation (component supplier and competitive context), Intel Corporation (component supplier and competitive context), Advanced Micro Devices, Inc., Broadcom Inc., Samsung Electronics Company Limited, Micron Technology, Inc.

Source: SEC 10-K, filed 2025-08-28

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