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 | 280.00 Bn | 268.42 Bn | 7.78 Bn | 17.75% |
| 2 | Arista Networks | 236.48 Bn | 223.14 Bn | 1.91 Bn | 62.93% |
| 3 | Sandisk | 219.05 Bn | 214.29 Bn | 7.58 Bn | 84.57% |
| 4 | Seagate Technology Holdings | 173.77 Bn | 172.06 Bn | 1.90 Bn | 52.30% |
| 5 | Western Digital | 148.61 Bn | 145.37 Bn | 1.68 Bn | 50.22% |
| 6 | Everpure | 33.29 Bn | 31.79 Bn | 723.33 Mn | 68.70% |
| 7 | Hp | 26.26 Bn | 22.56 Bn | 3.02 Bn | 20.93% |
| 8 | Super Micro Computer | 21.11 Bn | 19.82 Bn | 1.02 Bn | 9.95% |
| 9 | Logitech International | 13.96 Bn | 12.21 Bn | 607.94 Mn | 49.54% |
| 10 | IonQ | 11.29 Bn | 9.18 Bn | 19.94 Mn | 24.91% |
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% |