Super Micro Computer (SMCI) Operating Margin (2010 - 2026)
Super Micro Computer's (SMCI) quarterly Operating Margin came in at 13.38% in Q2 2026, up 941.0% on a YoY basis from 1.29% in Q2 2025, and up 119.01% quarter-over-quarter from 6.11% in Q1 2026.
Powered by 
Analysis
Super Micro Computer (SMCI) Operating Margin (2010 - 2026) Analysis & Trends
Super Micro Computer (SMCI) has reported Operating Margin for 17 consecutive years, with 13.38% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin rose 941.0% year-over-year to 13.38%; the trailing twelve-month figure through Jun 2026 stood at 7.09% (up 139.0% YoY), and the FY2026 full-year result was 7.09%, up 139.0% from the prior year.
- Operating Margin grew to 13.38% in Q2 2026 per SMCI's latest filing, from 6.11% in the prior quarter.
- Across five years, Operating Margin topped out at 13.38% in Q2 2026 and bottomed at 3.19% in Q1 2025.
- Historically, Operating Margin has averaged 7.5% across 5 years, with a median of 7.72% in 2023.
- The sharpest annual moves came in 2025 and 2026: Operating Margin tumbled 638 bps in 2025, then surged 941 bps in 2026.
- Over 5 years, Operating Margin stood at 11.93% in 2022, then dropped by 21 bps to 9.4% in 2023, then sank by 31 bps to 6.49% in 2024, then sank by 42 bps to 3.74% in 2025, then jumped by 258 bps to 13.38% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 13.38%, 6.11%, and 3.74% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 362.97 Bn | 351.40 Bn | 9.83 Bn | 11.46% |
| 2 | Arista Networks | 251.55 Bn | 238.20 Bn | 1.91 Bn | 45.39% |
| 3 | Sandisk | 238.47 Bn | 233.71 Bn | 7.58 Bn | 78.49% |
| 4 | Seagate Technology Holdings | 188.28 Bn | 186.57 Bn | 1.90 Bn | 42.96% |
| 5 | Western Digital | 161.43 Bn | 159.85 Bn | 2.03 Bn | 41.71% |
| 6 | Hewlett Packard Enterprise | 82.45 Bn | 76.23 Bn | 4.93 Bn | 11.41% |
| 7 | NetApp | 39.14 Bn | 35.57 Bn | 1.42 Bn | 23.90% |
| 8 | Everpure | 32.71 Bn | 31.71 Bn | 811.39 Mn | 5.33% |
| 9 | Super Micro Computer | 26.34 Bn | 18.82 Bn | 1.94 Bn | 13.38% |
| 10 | Penguin Solutions | 2.62 Bn | 2.38 Bn | 133.21 Mn | 10.62% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.38% |
| Mar 31, 2026 | 6.11% |
| Dec 31, 2025 | 3.74% |
| Sep 30, 2025 | 3.63% |
| Jun 30, 2025 | 3.97% |
| Mar 31, 2025 | 3.19% |
| Dec 31, 2024 | 6.49% |
| Sep 30, 2024 | 8.58% |
| Mar 31, 2024 | 9.57% |
| Dec 31, 2023 | 9.40% |
| Sep 30, 2023 | 8.14% |
| Mar 31, 2023 | 7.72% |
| Dec 31, 2022 | 11.93% |
| Sep 30, 2022 | 11.88% |
| Mar 31, 2022 | 4.77% |
| Dec 31, 2021 | 3.64% |
| Sep 30, 2021 | 2.82% |
| Mar 31, 2021 | 1.90% |
| Dec 31, 2020 | 4.50% |
| Sep 30, 2020 | 3.99% |