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SMCI Revenue by Segments

Revenue by Segments

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As of Q4'25 (2025-06-30), SMCI's total revenue reached approximately $5.76B, with the Server and storage systems segment contributing $5.62B and Subsystems and accessories accounting for $139M. This latest data point highlights the continued dominance of Server and storage systems in the company's revenue mix. Over the period from Q1'23 to Q4'25, SMCI's revenue has shown a strong upward trend, particularly in the Server and storage systems segment, which experienced significant growth from $1.71B in Q1'23 to a peak of $5.75B in Q1'25 before a slight dip and recovery. Subsystems and accessories remained a much smaller portion of total revenue, fluctuating between $13.9M and $278M, and never exceeding 5% of the overall revenue, underscoring the company's heavy reliance on its core server and storage business.