Stock Analysis on Net
Stock Analysis on Net

Super Micro Computer Inc. (NASDAQ:SMCI)

$24.99

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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Super Micro Computer Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

Microsoft Excel
Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020
Cash and cash equivalents
Accounts receivable, net of allowance for credit losses
Inventories
Prepaid expenses and other current assets
Current assets
Property, plant and equipment, net
Deferred income taxes, net
Other assets
Non-current assets
Total assets

Based on: 10-K (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-Q (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30).


Total assets exhibit an exponential growth trajectory, increasing from approximately $1.82 billion in September 2020 to $29.95 billion by June 2026. This expansion is primarily driven by a surge in current assets, which transitioned from a phase of steady growth into a period of rapid acceleration beginning in late 2023.

Current Asset Expansion
Inventories represent the most significant increase in the asset base, growing from $773.9 million in September 2020 to $12.90 billion by June 2026. This trend indicates a substantial scale-up in production and stock management to meet increasing demand. Accounts receivable followed a similar pattern, rising from $322.8 million to $6.13 billion, with a pronounced peak of $11.00 billion in December 2025, reflecting a sharp increase in credit sales and revenue volume.
Liquidity and Cash Position
Cash and cash equivalents displayed significant volatility but maintained an overall upward trend, increasing from $300.1 million in September 2020 to $7.52 billion by June 2026. Despite intermittent fluctuations, such as the decrease observed between June 2025 and March 2026, the liquidity position has strengthened considerably to support operational scaling.
Non-Current Asset Growth
Investment in non-current assets grew at a more moderate pace relative to current assets. Property, plant and equipment, net, increased from $241.9 million to $625.6 million over the analyzed period. The disparity between the explosive growth in inventories and the measured growth in fixed assets suggests an operational model that prioritizes working capital and inventory turnover over intensive capital expenditure in physical infrastructure.
Asset Composition Shift
The balance sheet has shifted toward a heavily current-asset-weighted structure. In September 2020, current assets comprised approximately 82% of total assets; by June 2026, this proportion increased to approximately 93%. This evolution underscores a business model increasingly dependent on the efficient management of short-term operational assets to sustain growth.

Assets: Selected Items


Current Assets: Selected Items