Super Micro Computer Inc (SMCI)

Gross profit margin

		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	Jun 30, 2020
Gross profit (ttm)	US$ in thousands	2,431,849	2,588,999	2,483,299	2,061,410	1,887,077	1,516,068	1,289,168	1,283,012	1,198,660	1,183,076	1,009,397	800,001	658,168	570,410	542,762	534,538	512,544	522,887	525,196	526,210
Revenue (ttm)	US$ in thousands	21,569,720	20,819,880	18,806,840	14,989,250	11,819,520	9,252,750	7,391,030	7,123,490	6,574,090	6,646,280	6,015,500	5,196,100	4,629,620	4,170,011	3,827,897	3,557,417	3,384,563	3,261,090	3,301,727	3,339,281
Gross profit margin		11.27%	12.44%	13.20%	13.75%	15.97%	16.39%	17.44%	18.01%	18.23%	17.80%	16.78%	15.40%	14.22%	13.68%	14.18%	15.03%	15.14%	16.03%	15.91%	15.76%

March 31, 2025 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,431,849K ÷ $21,569,720K
= 11.27%

The gross profit margin of Super Micro Computer Inc. has exhibited noteworthy fluctuations over the analyzed period, reflecting shifts in profitability and cost management efficiency. Starting at approximately 15.76% as of June 30, 2020, the margin demonstrated a gradual upward trend, reaching a peak of 18.23% in the fiscal quarter ending March 31, 2023. This increase suggests improved gross profitability possibly attributable to enhanced sales pricing strategies, cost reductions, or a favorable product mix during this period.

Following this peak, the gross profit margin experienced a slight decline, dropping to 18.01% by June 30, 2023, and subsequently decreasing to approximately 17.44% in the quarter ending September 30, 2023. The downward trend continued more pronouncedly thereafter, with the margin decreasing to 16.39% by December 31, 2023, and further shrinking to 15.97% in March 2024. The trend persisted into 2024 and 2025, with the margins decreasing to 13.75% in June 2024, 13.20% in September 2024, 12.44% in December 2024, and reaching approximately 11.27% by March 31, 2025.

Overall, the company's gross profit margin displayed a significant rise during the initial period, culminating in early 2023, followed by a consistent decline in subsequent quarters. This pattern could be indicative of increasing cost pressures, competitive pricing strategies, or shifts in the product mix affecting gross profitability. The downward trajectory signals ongoing challenges in maintaining earlier levels of gross margin, warranting further analysis to identify underlying causes and potential strategic adjustments.