MEDIUMBuilt-inGeographic
40.6%
outside of the United States
“10-K Item 1: 'Sales to customers located outside of the United States represented 40.6%, 32.0%, and 32.1% of net sales in fiscal years 2025, 2024, and 2023, respectively.'”
SMCI · Concentration risk · 10-K extracted
Super Micro Computer (SMCI) concentration risks
Updated
The most significant concentration Super Micro Computer discloses is outside of the United States at 40.6%, 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 · 4 disclosed concentrations
HIGH0
MEDIUM4
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 partyCustomer
four customers
“10-K Item 1: 'Four customers each accounted for 10% or more of our net sales in fiscal year 2025 and one single customer accounted for 10% or more of net sales in fiscal year 2024.'”
MEDIUMBuilt-inGeographic
San Jose, California manufacturing
“10-K Item 1: 'We manufacture the majority of our systems at our San Jose, California headquarters.'”
MEDIUMOutside partySupplier
Ablecom and Compuware
“10-K Item 1: 'We use Ablecom Technology, Inc. ... and its affiliate Compuware Technology, Inc. ... both of which are related parties, for contract design and manufacturing coordination support.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-09-06Super Micro Computer's disclosed concentration risk is spread across geography, customers, manufacturing location, and related-party suppliers, with every disclosed exposure sitting at the same medium share. Sales to customers located outside of the United States represented 40.6% of net sales in fiscal 2025, up from 32.0% and 32.1% in the two prior years, a medium-share exposure that has grown meaningfully. On the customer side, four customers each accounted for 10% or more of net sales in fiscal 2025, versus one single customer in fiscal 2024, a medium-share dependency that has broadened to more counterparties even as it remains notable. Manufacturing is also concentrated: the company manufactures the majority of its systems at its San Jose, California headquarters, a medium-share structural exposure to a single site. Finally, the company uses Ablecom Technology and its affiliate Compuware Technology, both related parties, for contract design and manufacturing coordination support, a medium-share supplier dependency with an added related-party dimension. None of these exposures is disclosed at a size beyond medium share, but their number and variety — geography, customers, production site, and a related-party supplier relationship — mean several distinct risk channels could move results at once rather than a single dominant exposure.
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 |
|---|---|---|---|---|---|
| CRCT | Cricut, Inc. | 2 | 1 | 0 | 3 |
| SMCI● | Super Micro Computer, Inc. | 0 | 4 | 0 | 4 |
| ANET | Arista Networks, Inc. | 0 | 2 | 1 | 3 |
| CRSR | Corsair Gaming, Inc. | 0 | 2 | 0 | 2 |
| DDD | 3D Systems Corporation | 0 | 0 | 0 | 0 |
| 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.