Super Micro's bank borrowings went from $112m to $4,056m in a year, half of it due within twelve months
From the borrowings note in the FY2026 10-K: lines of credit and term loans multiplied 36 times. The principal repayment schedule puts $2,039.8m in FY2027, under $10m in each of the following three years, and $2,000m in FY2031. Three Taiwanese term loans mature on September 15, October 3 and October 15
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Super Micro Computer Form 10-K (fiscal 2026, filed 2026-08-31), borrowings note (lines of credit and term loan tables, principal repayment schedule), balance sheet and cash-flow statement, MD&A liquidity
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Super Micro Computer's (SMCI) borrowings note in its fiscal 2026 annual report (10-K) shows bank borrowings of $4,056.1m at June 30, 2026, against $112.5m a year earlier — 36 times as much. Of that, $2,039.8m is classified as due within twelve months.
In plain terms
Super Micro's bank borrowings went from $112m to $4,056m in a year. Half of that, $2,040m, has to be repaid within twelve months. The loans from Taiwanese banks come due one after another on September 15, October 3 and October 15. The company held $7,521m of cash at the end of June, while operating activities took $6,810m out during the year.
What happened
Super Micro Computer (SMCI) builds AI servers, and its fiscal year ends in June.
The borrowings note in its fiscal 2026 annual report (10-K), filed on August 31, gathers lines of credit and term loans into one table. The total is $4,056.1m at June 30, 2026. A year earlier the same total was $112.5m. That is 36 times as much.
Two lines account for the change. A $2,000.0m JP Morgan revolving facility, entered into on December 29, 2025, and $1,763.5m drawn on CTBC revolving facilities. Adding CTBC credit lines of $183.2m, E.SUN at $50.0m and Chang Hwa at $25.0m gives $4,021.8m of lines of credit. Term loans are small at $34.3m.
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$2,039.8m falls due within twelve months and $2,016.4m after that. The schedule puts $2,000m in FY2031.
What matures this autumn?
Term loans with Taiwanese banks: E.SUN on September 15 ($2.5m), Mega Bank on October 3 ($3.1m) and Chang Hwa Bank on October 15 ($2.6m). The amounts are small, but the dates are fixed.
Does the company have the cash?
Cash and equivalents were $7,521.5m at June 30. In the same fiscal year, however, operating activities used $6,809.9m. How those two relate is set out in the subscriber section of this article.
Where can I check this myself?
On SEC EDGAR, open Super Micro Computer, Inc.'s fiscal 2026 10-K (accession 0001375365-26-000022) and read the lines of credit and term loan tables in the borrowings note, the principal repayment schedule, and the balance sheet.
How aiSwingX™ wrote this
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Every figure is reconciled to its location in the filing and to XBRL data. One mismatch means no publication.
An editor reviews before publication; any later change is recorded in the revision history.
Super Micro Computer Form 10-K (fiscal 2026, filed 2026-08-31), borrowings note (lines of credit and term loan tables, principal repayment schedule), balance sheet and cash-flow statement, MD&A liquidity · SEC EDGAR · This article is not investment advice. Disclaimer
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