Super Micro Computer (SMCI) Gross Margin (2010 - 2026)
Super Micro Computer's (SMCI) quarterly Gross Margin came in at 17.47% in Q2 2026, up 802.0% on a YoY basis from 1.94% in Q2 2025, and up 75.66% quarter-over-quarter from 9.95% in Q1 2026.
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Super Micro Computer (SMCI) Gross Margin (2010 - 2026) Analysis & Trends
Super Micro Computer (SMCI) has reported Gross Margin for 17 consecutive years, with 17.47% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 802.0% year-over-year to 17.47%; the trailing twelve-month figure through Jun 2026 stood at 10.82% (down 24.0% YoY), and the FY2026 full-year result was 10.82%, down 24.0% from the prior year.
- Gross Margin rose to 17.47% in Q2 2026 per SMCI's latest filing, from 9.95% in the prior quarter.
- Across five years, Gross Margin topped out at 18.76% in Q3 2022 and bottomed at 6.3% in Q4 2025.
- Historically, Gross Margin has averaged 13.65% across 5 years, with a median of 14.4% in 2022.
- The sharpest annual moves came in 2025 and 2026: Gross Margin plunged 616 bps in 2025, then jumped 802 bps in 2026.
- Over 5 years, Gross Margin stood at 18.71% in 2022, then retreated by 15 bps to 15.87% in 2023, then decreased by 26 bps to 11.8% in 2024, then tumbled by 47 bps to 6.3% in 2025, then soared by 177 bps to 17.47% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 17.47%, 9.95%, and 6.3% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 362.97 Bn | 351.40 Bn | 9.83 Bn | 20.93% |
| 2 | Arista Networks | 251.55 Bn | 238.20 Bn | 1.91 Bn | 62.93% |
| 3 | Sandisk | 238.47 Bn | 233.71 Bn | 7.58 Bn | 84.57% |
| 4 | Seagate Technology Holdings | 188.28 Bn | 186.57 Bn | 1.90 Bn | 52.30% |
| 5 | Western Digital | 161.43 Bn | 159.85 Bn | 2.03 Bn | 54.12% |
| 6 | Hewlett Packard Enterprise | 82.45 Bn | 76.23 Bn | 4.93 Bn | 40.34% |
| 7 | NetApp | 39.14 Bn | 35.57 Bn | 1.42 Bn | 70.07% |
| 8 | Everpure | 32.71 Bn | 31.71 Bn | 811.39 Mn | 68.42% |
| 9 | Super Micro Computer | 26.34 Bn | 18.82 Bn | 1.94 Bn | 17.47% |
| 10 | Penguin Solutions | 2.62 Bn | 2.38 Bn | 133.21 Mn | 27.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.47% |
| 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% |