// Economics · Companies / Super Micro · the company console

Super Micro (SMCI)Layer 1 — Compute & Infrastructure

Convergence · ActiveComposite F 66.34 of 6 indicators elevatedFiled-first
awaiting live quote
wires from /api/prices · asof from the exchange
Layoffs
NONE ON RECORDClean

Overview

the record we hold

The read

Builds high-performance servers and storage, including many of the GPU-dense racks used for AI training.

Six-indicator fragility

IndicatorScoreBand
Depreciation Integrity40AMBER–LOW (~35–45)
Capex-vs-Demand Gap77RED–AMBER (~72–82)
Insider-Selling Intensity63RED–AMBER (~58–68)
Financing Opacity / Circular Leverage95RED (~92–98)
Energy & Diminishing Returns35GREEN–AMBER (~30–40)
Organic End-User Demand73RED–AMBER (~68–78)

Cross-examination

Q. Ernst & Young resigned mid-audit and said they were unwilling to be associated with management's financials. Five material weaknesses. Adverse ICFR opinion. DOJ and SEC subpoenas. Then a co-founder got criminally indicted. Walk me through what the filings actually say.

A. EY flagged governance and ICFR concerns in late July 2024 and resigned on October 24, 2024 (8-K accession 0001375365-24-000036), stating unwillingness to be associated with management's financials. BDO was appointed November 18, 2024. The FY2024 10-K filed February 25, 2025 disclosed five material weaknesses in ICFR and a BDO adverse opinion on ICFR effectiveness as of June 30, 2024. DOJ and SEC s

EVIDENCE: filed · scores from the engine · I5/I6 carry a score with no underlying instrument — stated where drilled.

Sisters · same layer

Price & Financials

live wire + filings

Price · 6 months

AWAITING LIVE SERIES · wires from /api/prices · held state stands if the wire fails

Financials

$10.24B
Revenue · latest quarter
2026-03-31
RevenueFromContractWithC
XBRL tag · per-filer map
same-period largest · magnitude-linted
0001375365-26-000014
Accession
10-Q · asof 2026-08-08
2023-12$3.66B
2024-03$3.85B
2024-09$5.94B
2024-12$5.68B
2025-03$4.6B
2025-09$5.02B
2025-12$12.68B
2026-03$10.24B

SEC XBRL companyfacts · every row carries its accession · 8 quarters · refreshes off the 8-K 2.02 earnings event

Filings & Earnings

calendar + pre-committed watch

Next print

2026-08-04 · ·

Pre-committed watch

Watching: Capex vs demand, Insider selling, Circular financing, Organic demand before the print.

Insiders

I3 score held

Insider-selling intensity · I3

Score 63.0/100 from the engine.

No discretionary (no-plan) open-market selling on the recent record — plan sales, gifts and awards stated as what they are.

OwnerRoleDateTypeValueBasis
Liu Liang Chiu-Chu SaraDirector2026-07-01Option exercise
Liu Liang Chiu-Chu SaraDirector2026-07-01Tax withholding$12,387
Liu Liang Chiu-Chu SaraDirector2026-07-01Option exercise
Liu Liang Chiu-Chu SaraDirector2026-07-01Tax withholding$7,631
Liu Liang Chiu-Chu SaraDirector2026-07-01Option exercise
Liu Liang Chiu-Chu SaraDirector2026-07-01Tax withholding$4,092
Weigand David ESVP, Chief Financial O2026-07-01Option exercise
Weigand David ESVP, Chief Financial O2026-07-01Tax withholding$131,973
Weigand David ESVP, Chief Financial O2026-07-01Option exercise
Weigand David ESVP, Chief Financial O2026-07-01Tax withholding$71,890
Weigand David ESVP, Chief Financial O2026-07-01Option exercise
Weigand David ESVP, Chief Financial O2026-07-01Tax withholding$15,208

EDGAR Form 4, parsed structured · last 31 txns · asof 2026-07-20 · refreshes off the Form-4 event class

Layoffs

from our roster
[ PENDING ANALYSIS ]

Pending analysis. not yet determined — on the follow-up ledger as of 2026-07-13. A dated commitment, not an apology.

News & Video

ranked weekly

The wire · ranked

Video

[ NOT TRACKED ]

Video. no verified channel in the map yet — our gap, stated (the map grows by verification, never by guess).

≤5 news · ≤2 video · rolling window, never an archive · ranked from the 2026-08-08 sweep · refreshes Saturday

Notes

held
[ HELD ]

Notes. held open — The desk has not ruled this slot.

Company data is compiled from primary sources — SEC filings, the fragility engine, and our own roster. Narrative summaries are AI-assisted; every figure comes from the record, not the model.