Super Micro Computer (SMCI) 10-K Summary — Year Ended Jun 30, 2023
Super Micro Computer, Inc. designs and manufactures high-performance server and storage solutions. The company reported strong annual revenue growth and positive operating cash flow.
Key takeaway
Year ended Jun 30, 2023 · FY2025 10-K
Super Micro Computer, Inc. designs and manufactures high-performance server and storage solutions. The company reported strong annual revenue growth and positive operating cash flow.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$7.1B
Revenue reported for the fiscal year.
Operating income
$761.1M
Income from operations reported for the year.
Net income
$640M
Net income reported for the year.
Operating cash flow
$663.6M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2021 | $3.6B | n/a |
| Jun 30, 2022 | $5.2B | +46.1% |
| Jun 30, 2023 | $7.1B | +37.1% |
Business overview
The company operates in the information technology sector, focusing on server and storage systems for enterprise, cloud, and data center customers. Its business overview section outlines the core product lines and market focus.
Financial performance
Revenue increased compared to the prior year, and the company reported positive operating income and net income. Operating cash flow was also positive, reflecting ongoing profitability.
Material risks
The filing identifies risk factors including supply chain manufacturing and delivery delays that increase working capital needs. It also notes potential restrictions on repatriating cash held outside the U.S. and reliance on external borrowings for liquidity.
Liquidity and capital
The company has financed growth primarily through operations and borrowing facilities, with cash and cash equivalents increasing year over year. Management believes current cash, credit capacity, and internal cash flows are sufficient for the next twelve months.
What to watch
Monitor any changes in supply chain lead times and their impact on working capital and borrowing needs.