Super Micro Computer, Inc（SMCI）の決算・業績分析
Super Micro Computer, Incの2025年有価証券報告書をAI分析。売上高$22.0B(+46.6%)。営業利益$1.3B。Information Technology。
目次
Super Micro Computer, Incの2025年度 業績サマリー
Super Micro Computer, Inc（証券コード: SMCI）の2025年度決算・業績分析。売上高は$22.0B（前年比+46.6%）。営業利益は$1.3B（前年比+3.5%）。純利益は$1.0B（前年比-9.0%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
Super Micro Computer, Incの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue surged to $5.2B (+46.1% YoY) with a 5-year CAGR of 16.2% (XBRL).
- Operating income skyrocketed to $335M (+170.4% YoY), driven by AI/HPC demand (XBRL).
- Net income reached $285M (+154.9% YoY), supported by strong gross margins (15.4%) (XBRL).
- Equity ratio of 53.7% and D/E ratio of 0.86x indicate robust financial health (XBRL).
- R&D investment of $272M underscores commitment to innovation (XBRL).
Super Micro Computer, Incの売上高変化の要因
- •Revenue grew 46.1% YoY to $5.2B, reflecting strong demand in AI/HPC and cloud computing (XBRL). Historical data shows revenue expanding from $3.4B in FY2020 to $5.2B in FY2024, with a projected $7.1B in FY2025 (XBRL). While segment-specific revenue data is unavailable (N/A), the 5-year revenue CAGR of 16.2% highlights sustained growth in enterprise and edge computing markets (XBRL).
Super Micro Computer, Incの営業利益変化の要因
- •Gross profit of $800M (15.4% margin) and operating income of $335M (6.5% margin) reflect improved cost efficiency (+170.4% YoY) (XBRL). Net income rose 154.9% YoY to $285M (5.5% margin), driven by scale and margin expansion (XBRL). EBITDA of $360M (6.9% of revenue) underscores strong cash generation (XBRL).
Super Micro Computer, Incの事業リスクと対応
Delinquent SEC reporting obligations and associated litigation/remediation costs (10-K).
Volatility in quarterly results and potential failure to meet financial guidance (10-K).
Reliance on limited suppliers and inventory management challenges (10-K).
Legal/regulatory compliance risks, including lawsuits, export controls, and geopolitical conditions (10-K).
Competitive pressures and technology disruption, particularly in AI and HPC markets (10-K).
Super Micro Computer, Incの今後の見通し・業績予想
Super Micro Computer, Incの事業内容
Super Micro Computer, Inc. (SMCI) delivers total IT solutions optimized for enterprise, cloud, and edge computing workloads, including AI and HPC (10-K). Key products include servers, storage systems, networking devices, and software, along with global support and services for computing infrastructure (10-K). SMCI's competitive advantages include in-house R&D, Building Block Solutions® architecture, and partnerships with leading tech vendors (10-K). The company operates in a fragmented IT solutions market, leveraging liquid-cooling technologies and global manufacturing capabilities as barriers to entry (10-K).
Super Micro Computer, IncのAI業績分析レポート（2024年度）
Super Micro Computer, Inc. (SMCI) FY2024 Annual Report Analysis
Highlights
Business Overview
Super Micro Computer, Inc. (SMCI) delivers total IT solutions optimized for enterprise, cloud, and edge computing workloads, including AI and HPC (10-K). Key products include servers, storage systems, networking devices, and software, along with global support and services for computing infrastructure (10-K). SMCI's competitive advantages include in-house R&D, Building Block Solutions® architecture, and partnerships with leading tech vendors (10-K). The company operates in a fragmented IT solutions market, leveraging liquid-cooling technologies and global manufacturing capabilities as barriers to entry (10-K).
Revenue Analysis
Revenue grew 46.1% YoY to $5.2B, reflecting strong demand in AI/HPC and cloud computing (XBRL). Historical data shows revenue expanding from $3.4B in FY2020 to $5.2B in FY2024, with a projected $7.1B in FY2025 (XBRL). While segment-specific revenue data is unavailable (N/A), the 5-year revenue CAGR of 16.2% highlights sustained growth in enterprise and edge computing markets (XBRL).
Profitability Analysis
Gross profit of $800M (15.4% margin) and operating income of $335M (6.5% margin) reflect improved cost efficiency (+170.4% YoY) (XBRL). Net income rose 154.9% YoY to $285M (5.5% margin), driven by scale and margin expansion (XBRL). EBITDA of $360M (6.9% of revenue) underscores strong cash generation (XBRL).
Balance Sheet Analysis
Total assets grew to $3.7B, with equity increasing to $2.0B (53.7% equity ratio) (XBRL). A D/E ratio of 0.86x and current ratio of 2.31x indicate strong liquidity and leverage management (XBRL). Cash reserves of $440M provide flexibility for R&D and growth initiatives (XBRL).
Cash Flow Analysis
Operating cash flow was negative $441M, reflecting high R&D investment ($272M) and capital expenditures ($45M) (XBRL). Free cash flow was -$486M, with no share repurchases reported (XBRL). Financing cash flow of $523M was driven by debt/equity financing (XBRL).
Working Capital Analysis
Cash conversion cycle (CCC) of 136 days, with receivables days at 81, inventory days at 120, and payables days at 64 (XBRL).
Risks
Outlook
Management guidance and forward-looking trends are not explicitly detailed in the 10-K. However, the 5-year revenue CAGR of 16.2% and FY2024 revenue projection of $7.1B suggest continued growth in AI/HPC and cloud computing markets (XBRL).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 3.4B | 3.5B | 3.3B | 3.6B | 5.2B | 7.1B |
| Operating Income | 95M | 97M | 86M | 124M | 335M | 761M |
| Net Income | 46M | 72M | 84M | 112M | 285M | 640M |
| Total Assets | 1.7B | 1.9B | 2.2B | 3.2B | 3.7B | 9.8B |
| Total Equity | 941M | 1.1B | 1.1B | 1.4B | 2.0B | 5.4B |
| Operating Cash Flow | 84M | 263M | -30M | 123M | -441M | 664M |
Information Technologyの企業一覧
Super Micro Computer, Incと同じ「Information Technology」セクターの企業