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超微电脑Super Micro Computer, Inc(SMCI)2026财年第一季度财报(10-Q)「NASDAQ」(英文版)(58页).pdf

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1、UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington,D.C.20549_Form 10-Q_QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF1934For the quarterly period ended September 30,2025orTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934

2、For the transition period from to Commission File Number 001-33383_Super Micro Computer,Inc.(Exact name of registrant as specified in its charter)_Delaware 77-0353939(State or other jurisdiction ofincorporation or organization)(I.R.S.EmployerIdentification No.)980 Rock AvenueSan Jose,CA 95131(Addres

3、s of principal executive offices,including zip code)(408)503-8000(Registrants telephone number,including area code)_Securities registered pursuant to Section 12(b)of the Act:Title of each classTrading SymbolName of each exchange on which registeredCommon Stock,$0.001 par value per shareSMCINasdaq Gl

4、obal Select MarketIndicate by check mark whether the registrant(1)has filed all reports required to be filed by Section 13 or 15(d)of the Securities Exchange Act of 1934 duringthe preceding 12 months(or for such shorter period that the registrant was required to file such reports),and(2)has been sub

5、ject to such filing requirements forthe past 90 days.Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T(232.405 of this chapter)during the preceding 12 months(or for such shorter

6、 period that the registrant was required to submit suchfiles).Yes No Indicate by check mark whether the registrant is a large accelerated filer,an accelerated filer,a non-accelerated filer,a smaller reporting company or anemerging growth company.See the definitions of“large accelerated filer,”“accel

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1. **财务表现**:2025年Q3营收50.18亿美元,同比降15.5%;净利润1.68亿美元,同比降60.3%。 2. **资产负债**:现金及等价物41.97亿美元(环比降18.8%);存货57.30亿美元(环比增22.4%),主要因过剩库存减记3620万美元。 3. **债务与融资**:总负债78.62亿美元,其中可转债46.50亿美元;新增应收账款购买协议,初始限额17.9亿美元,但未实际使用。 4. **运营现金流**:经营性现金流净流出9.18亿美元,主因应收账款减少3.21亿美元及存货增加10.87亿美元。 5. **风险提示**:客户集中度高(最大客户A占应收账款29.5%),且面临市场竞争及汇率波动风险。
**SMCI现金状况如何?** **营收为何大幅下滑?** **债务风险有多高?**
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