SMCI · 10-K filed 31 Aug 2026 · year to 30 Jun 2026

Super Micro Computer

35 named things its latest annual report says its results depend on, each in the company's own words. 25 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Largest customer (unnamed)

earns from · 10% or more of our net salesnamed as a risk

We had one customer account for 10% or more of our net sales in fiscal year 2026, four customers account for 10% or more of our net sales in fiscal year 2025, and one customer account for 10% or more of net sales in fiscal year 2024.Risk factors (Item 1A)

Also named by AEHR, AR, BF/B, BTU, CVLG, DLR, FDXF, FIX and 6 more

Suppliers

Largest supplier (unnamed)

depends on · 63.1%named as a risk

One supplier accounted for a significant portion of our total purchases in fiscal year 2026 of 63.1%, and two suppliers accounted for a significant portion of our total purchases in fiscal year 2025 of 64.4% and 5.1%, and 65.4% and 6.3% in fiscal year 2024, respectively.Risk factors (Item 1A)

Also named by ARW, CAH, FND, MCK, ORLY

Ablecom Technology, Inc.

depends on · 2.1%named as a risk

Our purchases of products from Ablecom and Compuware represented 2.1%, 3.3%, and 4.3% of our cost of sales for fiscal years 2026, 2025, and 2024, respectively.Risk factors (Item 1A)

Ablecom Technology, Inc.

depends onnamed as a risk

Pursuant to our agreements with Ablecom and subject to certain exceptions, Ablecom has the exclusive right to be our supplier of the specific products developed under such agreements.Risk factors (Item 1A)

Compuware Technology, Inc.

depends onnamed as a risk

We outsource to Compuware a portion of our design activities and a significant part of our manufacturing of subassemblies, particularly power supplies.Risk factors (Item 1A)

NVIDIA

depends on

We work closely with NVIDIA, Intel and AMD, among others, to develop products that are compatible with the latest generation of industry-standard technologies under development.Business (Item 1)

Also named by AMD, ANET, BAM, CDNS, COHR, DOCN, HPE, INTC and 3 more

Advanced Micro Devices (AMD)

depends on

We work closely with NVIDIA, Intel and AMD, among others, to develop products that are compatible with the latest generation of industry-standard technologies under development.Business (Item 1)

Also named by DOCN, FTNT, HPE, NVDA

Intel

depends on

We work closely with NVIDIA, Intel and AMD, among others, to develop products that are compatible with the latest generation of industry-standard technologies under development.Business (Item 1)

Also named by AMD, FTNT, HPE

Other companies

JPMorgan Chase

depends on · $2.0 billion of outstanding borrowingsnamed as a risk

As of June 30, 2026, we had approximately $8.7 billion of consolidated indebtedness, including $2.0 billion of outstanding borrowings under our Revolving Credit Facility with JP Morgan, $1,763.5 million outstanding borrowings under our CTBC Revolving Credit Facilities, $1,725.0 million aggregate principal amount of our 2029 Convertible Notes, $700.0 million aggregate principal amount of our 2028 Convertible Notes, and $2.3 billion aggregate principal amount of our 2030 Convertible Notes.Risk factors (Item 1A)

Also named by GPGI, LUV, MAR

CTBC Bank Co., Ltd.

depends on · $1,765.0 millionnamed as a risk

In addition, during fiscal year 2026, our Taiwan subsidiary, where we maintain significant operations, increased its lines of credit, or entered into new lines of credit, with various commercial banks in Taiwan, including also entering into a credit agreement with CTBC Bank Co., Ltd. (“CTBC”) which provides for two revolving credit facilities totaling $1,765.0 million.Risk factors (Item 1A)

Master Colocation Service Agreement (MCSA)

over $379.2 million financial obligationnamed as a risk

If we are unsuccessful in recovering our costs related to our lease of data center space, or if we are otherwise unable to meet our obligations under the MCSA, our business, financial condition, and results of operations may be adversely affected.Risk factors (Item 1A)

Competitors

Hewlett-Packard Enterprise

competes with

global technology vendors, such as Cisco, Dell, Hewlett-Packard Enterprise, and Lenovo; andBusiness (Item 1)

Also named by ANET, CIEN, CLS, HPQ, IBM, P

Cisco

competes with

global technology vendors, such as Cisco, Dell, Hewlett-Packard Enterprise, and Lenovo; andBusiness (Item 1)

Also named by ANET, CDW, CIEN, FFIV

Lenovo

competes with

global technology vendors, such as Cisco, Dell, Hewlett-Packard Enterprise, and Lenovo; andBusiness (Item 1)

Also named by CDW

Foxconn

competes with

ODMs, such as Foxconn, Quanta Computer, and Wiwynn Corporation.Business (Item 1)

Also named by ANET

Dell

competes with

global technology vendors, such as Cisco, Dell, Hewlett-Packard Enterprise, and Lenovo; andBusiness (Item 1)

Quanta Computer

competes with

ODMs, such as Foxconn, Quanta Computer, and Wiwynn Corporation.Business (Item 1)

Wiwynn Corporation

competes with

ODMs, such as Foxconn, Quanta Computer, and Wiwynn Corporation.Business (Item 1)

Places

China

subject tonamed as a risk

Further escalations in trade restrictions or hostilities, particularly between the United States and China, could impede our ability to sell or support our products.Risk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Taiwan

depends onnamed as a risk

Any new restrictions that negatively impact our ability to receive supply of components, parts, or services from Taiwan, would negatively impact our business and financial results.Risk factors (Item 1A)

Also named by AAOI, AAPL, AB, ADI, AEHR, ALAB, AMAT, AMD and 50 more

Middle East

subject tonamed as a risk

BIS did not change the pre-existing controls over advanced computing items, which, for example, require licenses to ship such items to most countries in the Middle East, China, and to companies worldwide if headquartered in, or with an ultimate parent in, China.Business (Item 1)

Also named by BKR, CAG, CINF, CPB, CTAS, FLS, GAIN, J and 10 more

Malaysia

operates innamed as a risk

If we fail to satisfy these conditions, or if the incentive is otherwise reduced, modified, delayed, or not granted, our Malaysian subsidiary's income would be subject to tax at the applicable statutory rate rather than the anticipated exemption, which would increase our effective tax rate and cash tax obligations and could adversely affect our results of operations.Risk factors (Item 1A)

Also named by A, ANET, AVGO, CGNX, DELL, FSLR, LITE, MSI and 6 more

Russia

Although we historically sold products into Russia before broad sanctions were imposed, we no longer sell products or provide services to Russia.Risk factors (Item 1A)

Also named by ALSN, ATR, AVY, AXP, BKR, BSX, C, CDNA and 50 more

San Jose, California

concentrated in

We manufacture the majority of our systems at our San Jose, California headquarters.Business (Item 1)

Also named by LITE

Hazards

Northern California wildfire

operates innamed as a risk

Extreme heat and wind coupled with dry conditions in Northern California may lead to power safety shut offs due to wildfire risk, which can have adverse implications for our offices and data centers, including impairing the ability of our employees to work effectively.Risk factors (Item 1A)

Commodities and inputs

GPUs

exposed to its pricenamed as a risk

GPUs have represented an increasing portion of our cost of sales.Risk factors (Item 1A)

Also named by DOCN, SNOW

Memory and storage components

exposed to its pricenamed as a risk

During fiscal year 2026, the computer server industry experienced supply constraints for certain components, including memory and storage, as well as GPU and CPU availability, which affected the timing of certain of our product deliveries, as well as the pricing of these items.Business (Item 1)

Also named by HPQ

Regulators

U.S. Securities and Exchange Commission (SEC)

subject tonamed as a risk

For example, the Company received a subpoena from the SEC requesting the production of documents relating to certain customers, including one customer that is the subject of the allegations in the Indictment, and the Company’s controls and procedures.Risk factors (Item 1A)

Also named by AB, ADSK, AMG, AMP, ARCC, ARES, BAM, BCSF and 44 more

U.S. Department of Justice

subject tonamed as a risk

The Company has not been informed that it is the target of any of these investigations to date, but if we become the target of any of these investigations, the Department of Justice could pursue civil or criminal enforcement actions against us, seek monetary or other penalties from us (including disgorgement), or require changes to our compliance program and internal controls.Risk factors (Item 1A)

Also named by AAPL, ACN, AMAT, ASO, BEN, BSX, CAH, CDNA and 21 more

U.S. Department of Commerce Bureau of Industry and Security (BIS)

subject tonamed as a risk

In connection with the BIS Inquiries, BIS could seek to suspend, revoke or deny our export privileges, including through a temporary or permanent denial order that would restrict or prohibit us from participating in transactions subject to the Export Administration Regulations.Risk factors (Item 1A)

Also named by AMAT, CDNS, COHR, GRC

Laws and programs

OECD Pillar Two

subject to · 15% minimum taxnamed as a risk

Legislative changes, such as the Organization for Economic Co-operation and Development (the “OECD”) Pillar Two (15% minimum tax) framework, could reduce these benefits.Risk factors (Item 1A)

Also named by APO, BAM, BAX, BF/B, CHRW, COHR, CPNG, CRM and 45 more

Export Administration Regulations (EAR)

subject tonamed as a risk

These restrictions impacted certain of our products, including products that contain the NVIDIA A100 and H100 integrated circuits, among others.Risk factors (Item 1A)

Also named by ADI, ALAB, AMD, APP, ARW, AVGO, CARR, CDRE and 40 more

AI Diffusion Rule

subject tonamed as a risk

In January 2025, the U.S. export control regulations targeting advanced integrated circuits and computing were further revised to include a worldwide authorization requirement for certain of our advanced computing products (the “AI Diffusion Rule”).Business (Item 1)

Also named by AMD

One Big Beautiful Bill Act (OBBBA)

subject to

We have recognized the tax effects of currently effective OBBBA provisions in our results for fiscal year 2026.Risk factors (Item 1A)

Also named by AA, ABR, ADI, ADM, ALB, AMAT, AMGN, AMKR and 121 more

Technology

Artificial intelligence (AI) market

earns fromnamed as a risk

To the extent the AI market changes or declines, our business and results of operations could be materially and adversely impacted.Risk factors (Item 1A)