What is Super Micro Computer, Inc.'s free cash flow margin?

Super Micro Computer, Inc. (SMCI) reported free cash flow margin of -20.3% in Q1 2026.

What does free cash flow margin mean?

How much real, spendable cash each sales dollar generates after reinvestment.

How do you interpret free cash flow margin?

A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.

How does free cash flow margin compare across companies?

Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.

Super Micro Computer, Inc. SMCI Free cash flow margin

Free cash flow margin at other companies

Cisco Systems, Inc.CSCO

19.4%-3.6pp

Dell TechnologiesDELL

7%+3.1pp

Hewlett Packard EnterpriseHPE

10.3%+9.9pp

TD SYNNEXSNX

3.1%—

CelesticaCLS

3.6%+0.3pp

Monolithic Power SystemsMPWR

21.3%-5.0pp

Other financials

Income statement

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Revenue$10.2B+123%

Gross profit$1.0B+131%

Operating income$625.9M+326%

Net income$483.4M+344%

EPS (diluted)$0.72+324%

Balance sheet

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Cash & equivalents$1.3B-47.2%

Total debt$6.3B+1,983%

Total equity$7.6B+18.8%

Total assets$23.5B+118%

Cash flow

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Operating cash flow-$6.6B-1,155%

CapEx$80.3M+146%

Free cash flow-$6.7B-1,227%

Valuation

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Market cap$17.97B-32.7%

Enterprise value$22.93B+3.0%

P/E14.4×-8.8×

P/S0.5×-0.7×

Profitability

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Gross margin8.4%-2.9pp

Operating margin4.5%-1.6pp

Net margin3.7%-1.6pp

Returns & leverage

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Return on equity17.9%-2.2pp

Debt / equity0.8×+0.8×

Current ratio2.7×-4.0×

Where this comes from

Calculated from Super Micro Computer, Inc.’s reported figures.

free cash flow/total revenue=-20.3%

Based on trailing twelve months.

The official record: Super Micro Computer, Inc.’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Super Micro Computer, Inc.'s free cash flow margin?: Super Micro Computer, Inc. (SMCI) reported free cash flow margin of -20.3% in Q1 2026.
What does free cash flow margin mean?: How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?: A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?: Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.