SUPER MICRO COMPUTER, INC.
In the published model solve dated 2026-Q2, anchored at $37.04, SUPER MICRO COMPUTER, INC. (SMCI) is priced for today's economics sustained for ~5.1 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed August 7, 2026 from SEC EDGAR filings.
• Orders are arriving faster than Supermicro can build: total new orders in the June 2026 quarter exceeded 60 billion dollars, a book management expects to deliver over future quarters [Source: preliminary Q4 FY2026 business update, July 21, 2026]. • Filling that book consumes money long before it earns any, and operating activities absorbed 7.56 billion dollars over the nine months to March 31, 2026 while inventory climbed to 11.10 billion dollars [Source: Q3 FY2026 Form 10-Q]. • The specific r
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682 institutional managers reported holding SMCI in 13F filings for the quarter ended 2026-03-31. Together they hold about 49% of the company; the top 10 hold 29%. 83 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 96.2M shares were sold short as of the 2026-06-15 count, about 14% of shares outstanding (1.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
SMCI's share count grew 18.2% over the past five years even with $150.00M spent on repurchases. It pays no dividend.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at SMCI over the trailing three years: 2023: 2 buys totaling $1.06M; 2024: 1 buy totaling $1.14M. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
SMCI's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-02-04 | +10.5% | +19.4% |
| 2023-05-06 | +27.4% | +89.5% |
| 2023-08-29 | -24.7% | -8.4% |
| 2023-11-04 | +2.7% | +14.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
SMCI's latest 8-K filings: 2026-08-11 (items 2.02, 9.01); 2026-08-05 (items 8.01, 9.01); 2026-07-21 (items 2.02, 9.01); 2026-06-15 (items 1.01, 3.03, 5.03, 9.01); 2026-06-12 (items 1.01, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: August 7, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.