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Super Micro Computer, Inc.

SMCINASDAQpure-play
Market cap$19B
Conviction3/ 5
HQSan Jose, California
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For informational purposes only. Not financial advice, not a recommendation to buy or sell any security. Standing Order is a directory and research project, not an advisory service.

Price · 1Y

$30.10

-26.9%

Thesis

Super Micro is a hardware specialist tightly coupled to NVIDIA's accelerator roadmap, shipping GB200 and GB300 NVL72 rack-scale systems with in-house liquid-cooling expertise. Among public names, its revenue mix is one of the most direct reads on AI server demand.

The company resumed normal filings after the 2024 accounting and reporting delays, but governance overhang and customer concentration remain elevated. Gross margins compress on large bid-driven deals.

Catalysts

  • GB200 and GB300 NVL72 shipment ramp
  • Liquid cooling attach rate at hyperscaler and neocloud customers
  • Capacity expansion at the Malaysia and Silicon Valley campuses
  • Continued normalization of audit and disclosure cadence

Recent events

Material filings, federal awards, and regulatory activity. Impact is scored against market cap.

  • Jul 21
    Financial resultsSEC

    8-K filed with items 2.02 and 9.01 covering results of operations and financial condition.

  • Jun 15
    OtherSEC

    8-K filed with items 1.01 (material agreement), 3.03 (security holder rights modification), 5.03 (bylaw amendments), and 9.01.

  • Jun 12
    Securities offeringSEC

    Filed SEC Form 424B5 prospectus supplement.

  • Jun 12
    Securities offeringSEC

    Super Micro Computer filed SEC Form 424B5 prospectus supplement.

  • Jun 12
    OtherSEC

    Super Micro Computer filed Form 8-K (items 1.01, 7.01, 9.01) disclosing entry into a material definitive agreement.

  • Jun 12
    Securities offeringSEC

    SEC 424B5 prospectus supplement filed for securities offering.

  • Jun 10
    Securities offeringSEC

    SEC 424B5 prospectus supplement filing for securities offering.

  • Jun 10
    Securities offeringSEC

    Super Micro Computer filed Form 424B5 prospectus supplement for securities offering.

Not financial advice — research and opinion only. Disclosures