MEDIUMOutside partyCustomer
top-4 customers
“10-K Item 1: 'Four customers each accounted for 10% or more of our net sales in fiscal year 2025'”
SMCI · Concentration risk · 10-K extracted
Super Micro Computer (SMCI) concentration risks
Updated
The most significant concentration Super Micro Computer discloses is top-4 customers, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Super Micro Computer’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partySupplier
Ablecom and Compuware
“10-K Item 1A: 'Our reliance on Ablecom and Compuware could be subject to risks associated with our reliance on a limited source of contract manufacturing services and inventory warehousing'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile has two moderate-share exposures: a customer base where four accounts each contributed a meaningful share of revenue, and a reliance on affiliated contract manufacturers for production and warehousing. On the customer side, four customers each accounted for 10% or more of net sales in fiscal year 2025, a moderate-share concentration where individual account losses could have a material effect on revenue. No specific percentages or names are disclosed in the cited source, so the exposure is characterized qualitatively — the filing's threshold disclosure indicates that the customer base is concentrated enough that a small number of buying decisions drive a significant portion of revenue. The supply side presents a parallel dependency: the company relies on Ablecom and Compuware for contract manufacturing services and inventory warehousing, a moderate-share dependency relationship. Because both are affiliated entities, the commercial terms and capacity availability are governed by related-party arrangements rather than arm's-length competitive procurement, which adds a governance dimension to what would otherwise be a purely operational supply chain risk. A disruption at either entity — from capacity constraints, labor issues, or a deterioration in the affiliated relationship — would affect production throughput with limited ability to rapidly shift to alternative manufacturers. Together the customer and supplier concentrations create a profile where neither side of the business model is broadly diversified at the disclosed level. The customer dependency means revenue is sensitive to a handful of buying relationships; the manufacturing dependency means supply chain resilience flows through two related parties. Both are moderate in disclosed size but consequential given their structural role in the business.
For the engine’s reasoning on SMCI’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Computer Hardware
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| HPQ | HP Inc. | 1 | 1 | 0 | 2 |
| ANET | Arista Networks, Inc. | 0 | 2 | 1 | 3 |
| SMCI● | Super Micro Computer, Inc. | 0 | 2 | 0 | 2 |
| LOGI | Logitech International S.A. - R | 0 | 1 | 3 | 4 |
| IONQ | IonQ, Inc. | 0 | 1 | 0 | 1 |
| DELL | Dell Technologies Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.