SMCI Q4 2025 Earnings — Income Statement Breakdown
For its Q4 2025 period (ending 2025-06-30), SMCI reported revenue of $5.8B, gross profit of $544M (9.5% gross margin), operating income of $228M, and net income of $195M (3.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
SMCI was profitable; revenue grew 8.5% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +8.5% | −44.7% | −3.3 pp |
| Quarter over quarter | +25.2% | +79.4% | +1.0 pp |
Consensus estimate data is not available for this report.
SMCI Q4 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $5.8B | 100% |
| Cost of Revenue | −$5.2B | 90.5% |
| Gross Profit | $544M | 9.5% |
| Research & Development | −$183M | 3.2% |
| Selling, General & Administrative | −$132M | 2.3% |
| Operating Income | $228M | 4.0% |
| Interest Expense | −$22M | 0.4% |
| Other Income, net | $8M | 0.1% |
| Income Tax Expense | −$19M | 0.3% |
| Net Income | $195M | 3.4% |
Source: original SEC filing (filed 2025-08-05). Accession 0001375365-25-000023. Data normalized by EarningsFyi.