Super Micro Computer Inc (SMCI) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Super Micro Computer Inc stock $38.83, price $29.60, upside +31.2%, quality 38 out of 100. Rating: undervalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
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Super Micro Computer Inc
SMCI · USThe stock costs 24% less than our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range $3.48 – $118.81 · fair‑value band $27.33 – $73.50 · the $29.60 price screens below the $38.83 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Company profile
Super Micro Computer, Inc., together with its subsidiaries, develops and sells server and storage solutions based on modular and open-standard architecture in the United States, Asia, Europe, and internationally.
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The company provides liquid and air-cooled AI servers for training and inferencing with integrated graphics processing units (GPUs) or PCIe based architectures; SuperBlade, MicroBlade, FlexTwin, GrandTwin, and BigTwin blade and multi-node systems; SuperStorage systems; Hyper, CloudDC, and WIO and rackmount systems; embedded (5G/IoT/Edge) systems; and MicroCloud server systems.
It also offers workstations and networking devices; and modular server subsystems and accessories, including server boards, chassis, power supplies, and other accessories.
In addition, the company provides remote system management solutions, such as Server Management suite comprising Supermicro Server Manager, Supermicro Power Management software, Supermicro Update Manager, SuperCloud Composer, and SuperDoctor 5. Further, the company identifies service requirements; creates and executes project plans; conducts verification testing; offers training; and provides technical documentation.
Additionally, it offers rack level services from design to deployment for full rack and cluster level deployments of AI and HPC datacenters; help desk services and on-site product support; and warranties, maintenance, and technical support services.
The company serves enterprise data centers, cloud computing, artificial intelligence, 5G, and edge computing markets through direct and indirect sales force, distributors, value-added resellers, system integrators, and original equipment manufacturers.
Super Micro Computer, Inc. was incorporated in 1993 and is headquartered in San Jose, California.
Stock analysis
Super Micro Computer Inc (SMCI) currently trades at $29.60, while our model-based Fair Value estimate is $38.83, implying the stock looks roughly 24% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $166.75 per share, and 13 of the 15 models we run sit above the $29.60 price.
Bear case: the Asset-Based group reads lowest at $18.95, and 2 of the 15 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $27.33 (bear) to $73.50 (bull), the price of $29.60 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 38/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Super Micro Computer Inc reported revenue of $39.1B in FY2026 versus $5.2B in FY2022, a compound +65.6%/yr. Reported net income was $2.2B in FY2026, compounding +67.2%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap $20.6B Large · P/E ratio 6.2 · P/S ratio 0.53 · EPS (TTM) $4.74 · Net margin 5.7% · Return on equity 21.5% · Return on assets (EBIT) 12.4% · Operating margin 13.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 56 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 44% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −10% fair-value upside, at 31%, SMCI screens cheaper than that median.
Fair Value models
All 15 models by family
The fair value above starts from this blend and is adjusted for dilution from new shares.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 2 officers or directors sold shares worth $24.4M and none bought.
- SaleLiang Chiu-Chu Sara LiuDirector, 10% owner2× since Sep 3, 2026: 300,000 shares, avg. $40.74$12.2MOct 7, 202610b5-1 plan
- SaleCharles LiangPresident and CEO, Director, 10% owner2× since Sep 3, 2026: 300,000 shares, avg. $40.74$12.2MOct 7, 202610b5-1 plan
- SaleSherman TuanDirector48,630 shares at $33.00$1.6MNov 26, 2025
- SaleGeorge KaoSVP, OPERATIONS56,904 shares at $32.83$1.9MNov 24, 2025
Plus 33 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 4, 2026. All filings at the SEC ↗
Revenue & earnings trend
Watch SMCI, get fair value alerts →
Recent news
- SMCI Stock Falls 5.7% After Q1 Results: Should You Hold or Fold?
- Supermicro Launches KV Cache Solution with IBM and NVIDIA Demonstrating Significant Inference Performance Benefits
- Super Micro's AI Boom Just Got Much Bigger
- Super Micro Stock Soars -- Raises 2027 Sales Outlook as AI Demand Surges
Compare Super Micro Computer Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Computer Hardware · 214 stocks
Valuation Multiplesvs Computer Hardware median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Revenue growth by industry
- PEG ratio by industry
- PEG screener for stocks with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Computer Hardware stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Sandisk Corporation SNDK | $1,037 | $2,256 | +118% | vs SMCI |
| HP Inc HPQ | $29.93 | $52.85 | +77% | vs SMCI |
| Lenovo Group 0992 | HK$19.41 | HK$33.72 | +74% | vs SMCI |
| Hangzhou Hikvision Digital Technology Co 002415 | ¥35.63 | ¥46.76 | +31% | vs SMCI |
| Arista Networks, Inc ANET | $178.48 | $160.94 | −10% | vs SMCI |
| Quanta Computer Inc 2382 | 300.00 TWD | 213.20 TWD | −29% | vs SMCI |
| Western Digital Corporation WDC | $323.83 | $175.91 | −46% | vs SMCI |
| Dell Technologies Inc DELL | $372.36 | $195.72 | −47% | vs SMCI |
| Everpure, Inc P | $111.77 | $57.04 | −49% | vs SMCI |
| Seagate Technology Holdings STX | $557.06 | $208.25 | −63% | vs SMCI |
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Key figures of Super Micro Computer Inc
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