超微电脑 SMCI
$28.76 +$1.68 (+6.20%)
休市 · Nov 7, 9:10 am ET · 最新盘后价 $28.86 +0.35%
开盘$28.83
昨收$27.08
当日区间$27.81 – $29.47
成交量37.18M
市值$18.89B
市盈率（TTM）6.1
股息率–
基本面
最新报告季度：Q4, ended Jun 2026
营收$11.12B+93.2% YoY
营业利润$1.49B+551.5% YoY
净利润$1.18B+503.7% YoY
摊薄每股收益$1.62+422.6% YoY
自由现金流$718.73M-14.5% YoY
经营现金流$746.96M
营收，近8个季度
净利润，近8个季度
各季度摊薄每股收益
各季度自由现金流
年度营收
盈利能力与资产负债表
毛利率10.8%
营业利润率7.1%
净利率5.6%
净资产收益率26.5%
资产收益率10.0%
投入资本回报率14.6%
流动比率3.87
负债/资产比率51.6%
现金及投资$7.52B
总负债$8.72B
净现金（净负债）-$1.20B
利润表
| 项目 | 2026 ANNUAL | 2026 Q4 | 2026 Q3 | 2026 Q2 | 2026 Q1 |
|---|---|---|---|---|---|
| 报告营业总收入 | $39.06B | $11.12B | $10.24B | $12.68B | $5.02B |
| 营业总收入 | $39.06B | $11.12B | $10.24B | $12.68B | $5.02B |
| 营业成本 | $34.84B | $9.18B | $9.22B | $11.88B | $4.55B |
| 毛利润 | $4.23B | $1.94B | $1.02B | $798.57M | $467.37M |
| 营业费用 | $1.46B | $454.57M | $392.81M | $324.27M | $285.12M |
| 销售及管理费用 | $685.53M | $253.07M | $177.15M | $143.51M | $111.80M |
| -销售及营销费用 | $352.59M | $142.08M | $89.51M | $73.08M | $47.93M |
| -管理费用 | $332.94M | $110.99M | $87.64M | $70.43M | $63.88M |
| 研发费用 | $771.23M | $201.50M | $215.66M | $180.76M | $173.31M |
| 营业利润 | $2.77B | $1.49B | $625.87M | $474.30M | $182.26M |
| 非经营性利息净收入（支出） | -$7.65M | -$40.72M | -$19.05M | $25.68M | -$24.93M |
| 非经营性利息收入 | $186.92M | $39.09M | $45.44M | $51.04M | – |
| 非经营性利息支出 | $194.57M | $79.80M | $64.48M | $25.36M | $24.93M |
| 其他收入（支出） | $26.43M | $22.19M | $4.15M | $225,000.00 | $51.23M |
| 其他非经营性收入（支出） | $26.43M | $22.19M | $4.15M | $225,000.00 | $51.23M |
| 税前利润 | $2.79B | $1.47B | $610.97M | $500.21M | $208.55M |
| 税费 | $556.33M | $290.13M | $126.89M | $99.15M | $40.16M |
| 权益法投资税后收益 | -$2.48M | -$1.19M | -$695,000.00 | -$492,000.00 | -$106,000.00 |
| 净利润 | $2.23B | $1.18B | $483.39M | $400.56M | $168.29M |
| 持续经营利润 | $2.23B | $1.18B | $483.39M | $400.56M | $168.29M |
| 归属母公司净利润 | $2.23B | $1.18B | $483.39M | $400.56M | $168.29M |
| 优先股股息 | $13.09M | – | – | – | – |
| 其他优先股股息 | $21.52M | – | – | – | – |
| 归属普通股股东净利润 | $2.20B | $1.14B | $483.39M | $400.56M | $168.29M |
| 基本每股收益 | $3.65 | $1.83 | $0.81 | $0.67 | $0.28 |
| 摊薄每股收益 | $3.26 | $1.62 | $0.72 | $0.60 | $0.26 |
资产负债表
| 项目 | 2026 ANNUAL | 2026 Q4 | 2026 Q3 | 2026 Q2 | 2026 Q1 |
|---|---|---|---|---|---|
| 总资产 | $29.95B | $29.95B | $23.45B | $28.00B | $14.39B |
| 流动资产合计 | $27.73B | $27.73B | $21.57B | $26.12B | $12.66B |
| 现金及现金等价物与短期投资 | $7.52B | $7.52B | $1.29B | $4.09B | $4.20B |
| -现金及现金等价物 | $7.52B | $7.52B | $1.29B | $4.09B | $4.20B |
| 应收款 | $6.13B | $6.13B | $8.44B | $11.00B | $2.53B |
| -应收账款 | $6.13B | $6.13B | $8.41B | $11.00B | $2.53B |
| -一年内应收关联方款项 | $905,000.00 | $905,000.00 | $28.71M | $632,000.00 | $1.20M |
| 存货 | $12.90B | $12.90B | $11.10B | $10.60B | $5.73B |
| 其他流动资产 | $1.18B | $1.18B | $732.48M | $433.31M | $208.22M |
| 非流动资产合计 | $2.22B | $2.22B | $1.88B | $1.88B | $1.72B |
| 固定资产净值 | $1.15B | $1.15B | $969.10M | $908.68M | $896.68M |
| -固定资产原值 | $1.30B | $1.30B | $1.12B | $1.05B | $1.03B |
| -累计折旧 | -$152.73M | -$152.73M | -$155.83M | -$142.46M | -$129.76M |
| 投资及预付款 | $148.02M | $148.02M | $139.59M | $123.29M | $100.33M |
| 一年以上应收账款 | $70.20M | $70.20M | $87.73M | $141.13M | $76.36M |
| 一年以上预付资产 | $27.48M | $27.48M | $3.90M | $3.67M | $4.53M |
| 一年以上递延资产 | $734.01M | $734.01M | $643.88M | $666.85M | $628.09M |
| 其他非流动资产 | $92.67M | $92.67M | $39.55M | $33.40M | $18.73M |
| 负债合计 | $15.47B | $15.47B | $15.88B | $21.01B | $7.86B |
| 流动负债合计 | $7.16B | $7.16B | $8.12B | $15.40B | $2.35B |
| 应付款 | $2.65B | $2.65B | $3.87B | $13.99B | $1.36B |
| -应付账款 | $2.25B | $2.25B | $3.69B | $13.75B | $1.28B |
| -应付税款合计 | $388.60M | $388.60M | $178.80M | $238.51M | $75.79M |
| -应付股利 | $13.09M | $13.09M | – | – | – |
| 一年内应计费用 | $538.35M | $538.35M | $453.27M | $274.51M | $216.73M |
| 短期债务及融资租赁负债 | $2.08B | $2.08B | $2.13B | $233.60M | $130.70M |
| -一年内到期债务 | $2.04B | $2.04B | $2.10B | $201.78M | $100.62M |
| -一年内到期融资租赁负债 | $40.63M | $40.63M | $32.70M | $31.82M | $30.08M |
| 一年内递延负债 | $1.89B | $1.89B | $1.68B | $896.88M | $644.35M |
| 非流动负债合计 | $8.31B | $8.31B | $7.75B | $5.61B | $5.52B |
| 长期债务及融资租赁负债 | $6.68B | $6.68B | $6.68B | $4.68B | $4.68B |
| -长期债务 | $6.68B | $6.68B | $6.68B | $4.68B | $4.68B |
| 一年以上递延负债 | $1.03B | $1.03B | $663.41M | $527.91M | $430.68M |
| 其他非流动负债 | $591.21M | $591.21M | $411.87M | $408.10M | $409.02M |
| 股东权益合计 | $14.48B | $14.48B | $7.58B | $6.99B | $6.52B |
| 股东权益 | $14.48B | $14.48B | $7.58B | $6.99B | $6.52B |
| 股本 | $8.83B | $8.83B | $3.09B | $2.99B | $2.92B |
| -普通股 | $4.60B | $4.60B | $3.09B | $2.99B | $2.92B |
| -优先股 | $4.23B | $4.23B | – | – | – |
| 留存收益 | $5.65B | $5.65B | $4.49B | $4.00B | $3.60B |
| 不影响留存收益的损益 | $397,000.00 | $397,000.00 | $692,000.00 | $695,000.00 | $698,000.00 |
| 少数股东权益 | $164,000.00 | $164,000.00 | $161,000.00 | $162,000.00 | $170,000.00 |
| 长期应付账款及其他应付款 | – | – | $0.00 | $0.00 | $0.00 |
| 一年以上应付关联方款项 | – | – | $494,000.00 | $658,000.00 | $457,000.00 |
现金流量表
| 项目 | 2026 ANNUAL | 2026 Q4 | 2026 Q3 | 2026 Q2 | 2026 Q1 |
|---|---|---|---|---|---|
| 经营活动现金流 | -$6.81B | $746.96M | -$6.62B | -$23.90M | -$917.52M |
| 持续经营经营活动现金流净额 | -$6.81B | $746.96M | -$6.62B | -$23.90M | -$917.52M |
| 持续经营净利润 | $2.23B | $1.18B | $483.39M | $400.56M | $168.29M |
| 持续经营损益 | $3.87M | $7.01M | -$3.89M | $1.67M | -$911,000.00 |
| 折旧、折耗与摊销 | $90.27M | $24.31M | $22.93M | $22.42M | $20.61M |
| 递延税款 | -$95.37M | -$64.45M | $20.96M | -$39.67M | -$12.20M |
| 其他非现金项目 | $8.93M | $73,000.00 | $8.06M | $3.60M | -$2.80M |
| 营运资金变动 | -$9.65B | -$439.87M | -$7.34B | -$637.60M | -$1.23B |
| -应收款变动 | -$3.92B | $2.29B | $2.58B | -$8.47B | -$321.24M |
| -存货变动 | -$8.88B | -$2.21B | -$580.74M | -$5.00B | -$1.09B |
| -预付资产变动 | -$356.23M | $25.51M | -$322.88M | -$192.94M | $134.09M |
| -应付账款及应计费用变动 | $1.58B | -$1.05B | -$9.87B | $12.75B | -$253.47M |
| -其他流动负债变动 | $42.94M | $22.75M | $11.66M | $5.36M | $3.17M |
| -其他营运资金变动 | $1.88B | $476.39M | $832.89M | $274.75M | $296.62M |
| 投资活动现金流净额 | -$200.28M | -$24.51M | -$97.28M | -$46.22M | -$32.27M |
| 持续经营投资活动现金流净额 | -$200.28M | -$24.51M | -$97.28M | -$46.22M | -$32.27M |
| 固定资产购置及出售净额 | -$162.00M | -$28.23M | -$80.28M | -$21.22M | -$32.27M |
| 业务购买及出售净额 | $0.00 | – | – | – | – |
| 投资购置及出售净额 | -$38.28M | $3.72M | -$17.00M | – | – |
| 筹资活动现金流 | $9.48B | $5.57B | $3.86B | $66.16M | -$18.67M |
| 持续经营筹资活动现金流净额 | $9.48B | $5.57B | $3.86B | $66.16M | -$18.67M |
| 债务发行及偿还净额 | $3.95B | -$61.90M | $3.89B | $98.36M | $17.05M |
| 普通股发行净额 | $5.64B | – | – | – | – |
| 股票期权行使所得 | $46.26M | $27.91M | $5.42M | $5.00M | $7.92M |
| 其他筹资费用净额 | -$153.40M | -$31.69M | -$40.87M | -$37.20M | -$43.64M |
| 期末现金余额 | $7.63B | $7.63B | $1.34B | $4.19B | $4.20B |
| 现金净变动 | $2.47B | $6.29B | -$2.85B | -$3.96M | -$968.46M |
| 期初现金余额 | $5.17B | $1.34B | $4.19B | $4.20B | $5.17B |
| 汇率变动影响 | -$9.36M | -$2.80M | -$393,000.00 | -$1.57M | -$4.59M |
| 自由现金流 | -$6.97B | $718.73M | -$6.70B | -$45.12M | -$949.79M |
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