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SMCI Revenue by Segments

Revenue by Segments

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In Q4'25, Super Micro Computer's (SMCI) Server and storage systems segment generated $5.62B in revenue, marking a rebound from the $4.46B dip in Q3'25 but remaining below the Q1'25 peak of $5.75B. The Subsystems and accessories segment contributed a modest $139M, consistent with its minor role and slight decline from Q3'25's $141M. Overall, total revenue for the quarter reached approximately $5.76B USD. From Q1'23 to Q4'25, the Server and storage systems segment exhibited strong overall growth, surging from $1.71B to $5.62B with notable acceleration in FY24 (peaking at $5.08B in Q4'24) driven by demand in AI and data center infrastructure, though it experienced volatility including a 30% drop to $1.16B in Q3'23 and a recent softening in Q3'25. In contrast, the Subsystems and accessories segment remained stable at under $300M per quarter, fluctuating minimally (e.g., from $14M in Q1'23 to a high of $278M in Q4'23) and representing less than 5% of total revenue throughout the period. This underscores the dominance of the core systems business, which accounted for over 95% of SMCI's revenue, highlighting its reliance on high-volume server sales amid broader market expansion.