Super Micro Computer Inc (SMCI)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	2,429,922	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
Revenue (ttm)	US$ in thousands	21,972,040	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
Gross profit margin		11.06%	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%

June 30, 2025 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,429,922K ÷ $21,972,040K
= 11.06%

The gross profit margin of Super Micro Computer Inc. has exhibited notable fluctuations over the period from September 2020 through June 2025. Starting at approximately 15.91% at the end of September 2020, the margin experienced a gradual upward trend reaching a peak of around 18.23% in March 2023. This period reflects improved cost management and revenue recognition strategies that enhanced profitability at the gross level.

However, subsequent periods demonstrate a declining trend. From the March 2023 peak, the gross profit margin declined to approximately 17.44% by September 2023 and further decreased to 16.39% by the end of December 2023. Moving into 2024 and 2025, the margin continued its downward trajectory, reaching approximately 13.20% in September 2024 and further declining to 11.06% by June 2025.

Overall, the gross profit margin exhibited an initial period of growth and stability, followed by a consistent decline. This pattern may suggest increasing cost pressures, competitive market challenges, or shifts in product mix that negatively impacted gross profitability. The variability may also reflect broader industry or macroeconomic factors influencing production costs, pricing strategies, and supply chain dynamics affecting the company's gross profitability over the analyzed timeframe.