The latest data point for SMCI's Return on Sales (ROS) in Q2'26 stands at 4.14%, reflecting a modest stabilization after a period of decline, with no data available for the subsequent Q3'26. Over the period from Q4'23 to Q2'26, ROS exhibited an initial decline from 10.45% in Q4'23 to 8.45% in Q1'24, followed by a brief recovery peaking at 10.10% in Q3'24, before trending downward sharply to a low of 2.78% in Q3'25 amid volatility and data gaps in Q4'24 and Q1'25. The area chart highlights an overall weakening profitability trend, with recent quarters showing partial rebound from 2.78% to 4.14%, though still well below early highs, suggesting ongoing pressures on margins.