MEDIUMOutside partyCustomer
few large customers
“10-K Item 1A: 'We had one customer account for 10% or more of our net sales in fiscal year 2026, four customers account 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 few large 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. How we score · Editorial policy
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
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).
MEDIUMBuilt-inProduct / Revenue mix
AI industry demand
“10-K Item 1A: 'The AI industry has driven a significant portion of our recent success.'”
MEDIUMOutside partySupplier
limited number of component suppliers
“10-K Item 1A: 'We rely on a limited number of suppliers for certain components used to manufacture our products'”
MEDIUMOutside partySupplier
Ablecom and Compuware contract manufacturing
“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 2026-10-18Super Micro's concentrations are all medium-share, and they reinforce each other. On demand, the company had one customer account for 10% or more of its net sales in fiscal year 2026, versus four customers accounting for 10% or more in fiscal year 2025, so the customer dependency has narrowed in count but remains a feature of the model. The AI industry has also driven a significant portion of its recent success, a structural exposure that ties results to a single demand theme. On supply, the company relies on a limited number of suppliers for certain components used to manufacture its products, and on Ablecom and Compuware as a limited source of contract manufacturing services and inventory warehousing. Both are dependency-type exposures that sit upstream of the same products. Taken together, the demand-side concentration in AI and a few customers is paired with a supply chain that has limited alternatives, so a disruption on either side would be amplified by the other. The AI demand theme is the structural item most likely to move the verdict, while the named contract manufacturers are the more idiosyncratic risks.
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.