Super Micro Computer (SMCI) Gross Margin (2010 - 2026)
Super Micro Computer's (SMCI) quarterly Gross Margin came in at 9.95% in Q1 2026, up 37.0% YoY from 7.26% in Q1 2025, and up 57.94% on a QoQ basis from 6.3% in Q4 2025.
Super Micro Computer (SMCI) Gross Margin (2010 - 2026) Analysis & Trends
Super Micro Computer (SMCI) has 17 years of Gross Margin data on file, last reported at 9.95% in Q1 2026.
- Quarterly Gross Margin rose 37.0% year-over-year to 9.95% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 8.39% (down 476.0% YoY) and the FY2025 annual result came in at 11.06%, down 269.0% from the prior year.
- Gross Margin rose to 9.95% in Q1 2026, from 6.3% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 18.76% in Q3 2022 to a low of 6.3% in Q4 2025.
- A 5-year average of 13.37% and a median of 13.73% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin jumped 539 bps — and 2025, when it tumbled 616 bps.
- Tracing SMCI's Gross Margin over 5 years: stood at 18.71% in 2022, then declined by 15 bps to 15.87% in 2023, then fell by 26 bps to 11.8% in 2024, then sank by 47 bps to 6.3% in 2025, then jumped by 58 bps to 9.95% in 2026.
- The last three Gross Margin figures came in at 9.95% (Q1 2026), 6.3% (Q4 2025), and 9.31% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 278.57 Bn | 266.99 Bn | 7.78 Bn | 17.75% |
| 2 | Arista Networks | 232.75 Bn | 220.40 Bn | 1.68 Bn | 61.90% |
| 3 | Sandisk | 190.63 Bn | 186.89 Bn | 4.66 Bn | 78.35% |
| 4 | Seagate Technology Holdings | 186.50 Bn | 185.35 Bn | 1.45 Bn | 46.50% |
| 5 | Western Digital | 184.00 Bn | 180.76 Bn | 1.68 Bn | 50.22% |
| 6 | Everpure | 26.61 Bn | 25.11 Bn | 723.33 Mn | 68.70% |
| 7 | Hp | 24.78 Bn | 21.08 Bn | 3.02 Bn | 20.93% |
| 8 | Super Micro Computer | 17.22 Bn | 15.93 Bn | 1.02 Bn | 9.95% |
| 9 | Logitech International | 16.90 Bn | 15.15 Bn | 607.94 Mn | 49.54% |
| 10 | IonQ | 10.24 Bn | 8.22 Bn | 15.41 Mn | 23.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.95% |
| Dec 31, 2025 | 6.30% |
| Sep 30, 2025 | 9.31% |
| Jun 30, 2025 | 9.45% |
| Mar 31, 2025 | 9.57% |
| Dec 31, 2024 | 11.80% |
| Sep 30, 2024 | 13.06% |
| Mar 31, 2024 | 15.73% |
| Dec 31, 2023 | 15.87% |
| Sep 30, 2023 | 16.69% |
| Mar 31, 2023 | 17.64% |
| Dec 31, 2022 | 18.71% |
| Sep 30, 2022 | 18.76% |
| Mar 31, 2022 | 14.40% |
| Dec 31, 2021 | 13.69% |
| Sep 30, 2021 | 13.38% |
| Mar 31, 2021 | 13.73% |
| Dec 31, 2020 | 16.39% |
| Sep 30, 2020 | 17.04% |
| Jun 30, 2020 | 13.78% |