Super Micro Computer, Inc. (SMCI) Balance Sheet
SMCI balance sheet, FY2026
June 30, 2026 · U.S. dollars$29.95B assets = $15.47B liabilities + $14.48B equity
Both columns are drawn to the same scale: what SMCI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SMCI financial health
Current ratio3.87
Comfortable · current assets cover current liabilities 3.87×
Debt / equity0.60
Moderate leverage · $0.60 of debt for each $1 of equity
Equity / assets48.4%
Equity-funded · of assets funded by shareholders
Cash / debt86.3%
Partial cover · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
SMCI balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.52BFY2017 | $29.95BFY2026 | +39.3%/yr | |
| Total liabilities | $741.3MFY2017 | $15.47BFY2026 | +40.2%/yr | |
| Shareholders’ equity | $773.8MFY2017 | $14.48BFY2026 | +38.5%/yr | |
| Cash & short-term investments | $110.6MFY2017 | $7.52BFY2026 | +59.8%/yr | |
| Total debt | $254.4MFY2017 | $8.72BFY2026 | +48.1%/yr | |
| Net cash (debt) | −$143.8MFY2017 | −$1.20BFY2026 | −$1.1B | |
| Working capital | $588.6MFY2017 | $20.57BFY2026 | +$20.0B | |
| Book value per share | $1.58FY2017 | $20.76FY2026 | +33.1%/yr | |
| Current ratio | 1.88FY2017 | 3.87FY2026 | +2.00 | |
| Debt / equity | 0.33FY2017 | 0.60FY2026 | +0.27 | |
| Shares outstanding | 489.4MFY2017 | 697.3MFY2026 | +4.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SMCI assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
SMCI liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
SMCI debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SMCI balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $7.52B | $5.17B | $1.67B | $440.6M | $267.7M | $232.3M | $210.5M | $113.2M | $115.4M | $110.6M |
| Cash & equivalents | $7.52B | $5.17B | $1.67B | $440.5M | $267.4M | $232.3M | $210.5M | $113.2M | $115.4M | $110.6M |
| Short-term investments | — | — | — | $100,000 | $300,000 | $4.6M | — | $7.6M | — | — |
| Receivables | $6.13B | $2.22B | $2.67B | $1.15B | $834.5M | $463.8M | $403.7M | $483.4M | $544.4M | $402.7M |
| Inventory | $12.90B | $4.68B | $4.41B | $1.45B | $1.55B | $1.04B | $851.5M | $636.0M | $853.3M | $736.7M |
| Other current assets | $1.18B | $233.7M | $308.5M | $145.0M | $158.5M | $130.2M | $127.0M | $14.0M | $17.9M | $11.2M |
| Total current assets | $27.73B | $12.30B | $9.05B | $3.18B | $2.81B | $1.87B | $1.59B | $1.25B | $1.53B | $1.26B |
| Property, plant & equipment (net) | $625.6M | $798.2M | $414.0M | $290.2M | $286.0M | $294.8M | $257.6M | $196.0M | $196.6M | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $1.8M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $148.0M | $112.4M | $0 | $0 | $6.9M | $6.1M | $4.3M | $1.7M | $7.5M | $8.7M |
| Other non-current assets | $1.45B | $806.2M | $474.6M | $203.3M | $105.9M | $73.8M | $64.0M | $44.3M | $34.5M | $245.3M |
| Total assets | $29.95B | $14.02B | $9.94B | $3.67B | $3.21B | $2.24B | $1.92B | $1.49B | $1.77B | $1.52B |
| Liabilities | ||||||||||
| Accounts payable | $2.25B | $1.28B | $1.55B | $776.8M | $655.4M | $612.3M | $417.7M | $382.6M | $527.2M | $511.1M |
| Short-term debt | $2.04B | $96.2M | $402.3M | $170.1M | $449.1M | $63.5M | $23.7M | $68.5M | $116.2M | $161.4M |
| Deferred revenue | $1.58B | $628.9M | $200.4M | $134.7M | $111.3M | $101.5M | $106.2M | $47.6M | $102.2M | — |
| Total current liabilities | $7.16B | $2.34B | $2.40B | $1.37B | $1.47B | $968.9M | $707.6M | $533.1M | $811.6M | $672.5M |
| Long-term debt | $6.68B | $4.68B | $1.77B | $120.2M | $147.6M | $34.7M | $5.7M | $0 | $0 | $92.9M |
| Lease obligations | $40.6M | $21.2M | $9.2M | — | $23.8M | $20.9M | $24.4M | $0 | — | — |
| Other long-term liabilities | $1.63B | $689.2M | $297.8M | $207.7M | $161.7M | $142.0M | $139.6M | $155.2M | $114.3M | $0 |
| Total liabilities | $15.47B | $7.72B | $4.47B | $1.70B | $1.78B | $1.15B | $852.9M | $688.4M | $925.9M | $741.3M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $4.60B | $2.87B | $2.83B | $538.4M | $481.7M | $438.0M | $390.0M | $305.3M | $331.6M | $308.3M |
| Retained earnings (deficit) | $5.65B | $3.43B | $2.64B | $1.43B | $942.9M | $657.8M | $696.2M | $515.3M | $532.3M | $486.0M |
| Treasury stock | — | — | — | — | — | — | — | −$20.5M | −$20.5M | −$20.5M |
| Accumulated other comprehensive income | $397,000 | $705,000 | $706,000 | $639,000 | $911,000 | $453,000 | −$152,000 | −$77,000 | $165,000 | −$74.1M |
| Minority interest | $164,000 | $178,000 | $164,000 | $165,000 | $172,000 | $173,000 | — | $161,000 | — | $170,000 |
| Total shareholders' equity | $14.48B | $6.30B | $5.47B | $1.97B | $1.43B | $1.10B | $1.07B | $800.2M | $843.7M | $773.8M |
| Key figures | ||||||||||
| Total debt | $8.72B | $4.78B | $2.17B | $290.3M | $596.8M | $98.2M | $29.4M | $161.4M | $116.2M | $254.4M |
| Net cash (debt) | −$1.20B | $391.1M | −$504.4M | $150.3M | −$329.1M | $134.1M | $181.1M | −$48.2M | −$804,000 | −$143.8M |
| Working capital | $20.57B | $9.96B | $6.65B | $1.80B | $1.34B | $898.4M | $885.1M | $713.5M | $719.3M | $588.6M |
| Tangible book value | $14.48B | $6.30B | $5.47B | $1.97B | $1.43B | $1.10B | $1.07B | $800.2M | $843.7M | $773.8M |
| Book value per share | $20.76 | $10.03 | $9.08 | $3.73 | $2.73 | $2.17 | $2.03 | $1.55 | $1.62 | $1.58 |
| Shares outstanding | 697.3M | 628.4M | 602.1M | 529.0M | 523.1M | 505.8M | 524.1M | 516.8M | 521.5M | 489.4M |
| Current ratio | 3.87 | 5.25 | 3.77 | 2.31 | 1.91 | 1.93 | 2.25 | 2.34 | 1.89 | 1.88 |
| Quick ratio | 1.91 | 3.15 | 1.80 | 1.16 | 0.75 | 0.72 | 0.87 | 1.12 | 0.81 | 0.76 |
| Debt / equity | 0.60 | 0.76 | 0.40 | 0.15 | 0.42 | 0.09 | 0.03 | 0.20 | 0.14 | 0.33 |
| Equity / assets | 48.4% | 45.0% | 55.0% | 53.7% | 44.5% | 48.9% | 55.5% | 53.8% | 47.7% | 51.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $7.52B | $1.29B | $4.09B | $4.20B | $5.17B | $2.54B | $1.43B | $2.09B | $1.67B | $2.12B | $725.8M | $543.3M |
| Cash & equivalents | $7.52B | $1.29B | $4.09B | $4.20B | $5.17B | $2.54B | $1.43B | $2.09B | $1.67B | $2.12B | $725.7M | $543.2M |
| Short-term investments | — | — | $15.2M | — | — | $3.5M | $100,000 | — | — | $100,000 | $100,000 | $100,000 |
| Receivables | $6.13B | $8.44B | $11.00B | $2.53B | $2.22B | $2.66B | $3.08B | $2.73B | $2.67B | $1.65B | $1.50B | $845.7M |
| Inventory | $12.90B | $11.10B | $10.60B | $5.73B | $4.68B | $3.87B | $3.60B | $4.93B | $4.41B | $4.12B | $2.47B | $2.05B |
| Other current assets | $1.18B | $732.5M | $433.3M | $209.4M | $233.7M | $450.0M | $564.1M | $100.5M | $308.5M | $173.7M | $146.6M | $129.0M |
| Total current assets | $27.73B | $21.57B | $26.12B | $12.66B | $12.30B | $9.51B | $8.67B | $9.85B | $9.05B | $8.06B | $4.84B | $3.57B |
| Property, plant & equipment (net) | $625.6M | $607.7M | $908.7M | $896.7M | $798.2M | $492.6M | $477.5M | $451.1M | $414.0M | $385.6M | $297.1M | $291.7M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $148.0M | $139.6M | $123.3M | $100.3M | $112.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.45B | $1.14B | $845.0M | $727.7M | $806.2M | $732.4M | $583.8M | $548.7M | $474.6M | $413.3M | $265.5M | $233.5M |
| Total assets | $29.95B | $23.45B | $28.00B | $14.39B | $14.02B | $10.74B | $9.73B | $10.85B | $9.94B | $8.86B | $5.41B | $4.10B |
| Liabilities | ||||||||||||
| Accounts payable | $2.25B | $3.69B | $13.75B | $1.28B | $1.28B | $643.0M | $549.3M | $1.68B | $1.55B | $1.09B | $1.26B | $1.08B |
| Short-term debt | $2.04B | $2.10B | $233.6M | $130.7M | $96.2M | $77.2M | $161.8M | — | $402.3M | $89.7M | $285.2M | $40.8M |
| Deferred revenue | $1.58B | $1.47B | $896.9M | $644.4M | $628.9M | $405.8M | $344.4M | — | $200.4M | $233.3M | $253.9M | $166.0M |
| Total current liabilities | $7.16B | $8.12B | $15.40B | $2.35B | $2.34B | $1.43B | $1.36B | $2.87B | $2.40B | $1.72B | $1.99B | $1.60B |
| Long-term debt | $6.68B | $6.68B | $4.68B | $4.68B | $4.68B | $2.43B | $1.75B | $1.76B | $1.77B | $1.78B | $99.3M | $105.4M |
| Lease obligations | $40.6M | $32.7M | $31.8M | $30.1M | $21.2M | $13.2M | $6.8M | $10.7M | $9.2M | $8.2M | $8.9M | $8.5M |
| Other long-term liabilities | $1.63B | $1.08B | $936.7M | $840.2M | $689.2M | $502.6M | $378.0M | $338.5M | $297.8M | $269.0M | $236.5M | $220.2M |
| Total liabilities | $15.47B | $15.88B | $21.01B | $7.86B | $7.72B | $4.36B | $3.49B | $4.97B | $4.47B | $3.77B | $2.33B | $1.93B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $4.60B | $3.09B | $2.99B | $2.92B | $2.87B | $2.94B | $2.91B | — | $2.83B | $2.81B | $1.19B | $574.7M |
| Retained earnings (deficit) | $5.65B | $4.49B | $4.00B | $3.60B | $3.43B | $3.44B | $3.33B | $3.01B | $2.64B | $2.29B | $1.89B | $1.59B |
| Accumulated other comprehensive income | $397,000 | $692,000 | $695,000 | $698,000 | $705,000 | $663,000 | $652,000 | — | $706,000 | $549,000 | $657,000 | $651,000 |
| Minority interest | $164,000 | $161,000 | $162,000 | $170,000 | $178,000 | — | — | — | — | — | — | — |
| Total shareholders' equity | $14.48B | $7.58B | $6.99B | $6.52B | $6.30B | $6.38B | $6.24B | $5.88B | $5.47B | $5.09B | $3.08B | $2.17B |
| Key figures | ||||||||||||
| Total debt | $6.68B | $6.75B | $4.91B | $4.81B | $4.78B | $2.51B | $1.92B | $1.76B | $2.17B | $1.87B | $384.6M | $146.2M |
| Net cash (debt) | $841.0M | −$5.46B | −$818.6M | −$608.9M | $391.1M | $30.6M | −$485.9M | $323.8M | −$504.4M | $243.9M | $341.2M | $397.0M |
| Working capital | $20.57B | $13.45B | $10.73B | $10.31B | $9.96B | $8.09B | $7.31B | $6.98B | $6.65B | $6.35B | $2.85B | $1.97B |
| Tangible book value | $14.48B | $7.58B | $6.99B | $6.52B | $6.30B | $6.38B | $6.24B | $5.88B | $5.47B | $5.09B | $3.08B | $2.17B |
| Book value per share | $20.76 | $11.25 | $10.37 | $9.84 | $10.09 | $10.26 | $9.81 | $9.94 | $8.52 | $8.29 | $5.30 | $3.79 |
| Shares outstanding | 697.3M | 673.6M | 674.1M | 663.2M | 624.7M | 621.8M | 636.0M | 591.0M | 642.1M | 614.3M | 580.8M | 571.9M |
| Current ratio | 3.87 | 2.66 | 1.70 | 5.39 | 5.25 | 6.66 | 6.38 | 3.43 | 3.77 | 4.69 | 2.43 | 2.23 |
| Quick ratio | 1.91 | 1.20 | 0.98 | 2.86 | 3.15 | 3.64 | 3.32 | 1.68 | 1.80 | 2.19 | 1.12 | 0.87 |
| Debt / equity | 0.46 | 0.89 | 0.70 | 0.74 | 0.76 | 0.39 | 0.31 | 0.30 | 0.40 | 0.37 | 0.12 | 0.07 |
| Equity / assets | 48.4% | 32.3% | 25.0% | 45.3% | 45.0% | 59.4% | 64.1% | 54.2% | 55.0% | 57.5% | 56.9% | 52.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 31, 2026); data from EODHD.
SMCI financial position
At the end of fiscal 2026 (June 30, 2026), Supermicro had total assets of $29.9 billion (up 113.6% from a year earlier), total liabilities of $15.5 billion and shareholders' equity of $14.5 billion. It held $7.5 billion in cash and short-term investments against $8.7 billion of debt, net debt of $1.2 billion. Its current ratio was 3.87.
Related: SMCI income statement, SMCI cash flow statement, SMCI key metrics. See the SMCI stock overview for the latest quote and news.
SMCI balance sheet FAQ
What are Supermicro's total assets?
Supermicro reported total assets of $29.9 billion at the end of fiscal 2026 (June 30, 2026), compared with $14.0 billion a year earlier.
How much debt does Supermicro have?
Supermicro had $8.7 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.60.
How much cash does Supermicro have?
Supermicro held $7.5 billion in cash and short-term investments at the end of fiscal 2026; with $8.7 billion of debt that is net debt of $1.2 billion.
What is Supermicro's book value?
Supermicro's shareholders' equity (book value) was $14.5 billion at the end of fiscal 2026, or $20.76 per share.
What is Supermicro's current ratio?
Supermicro had current assets of $27.7 billion and current liabilities of $7.2 billion, a current ratio of 3.87 (it can cover its short-term obligations).