What happened
Super Micro Computer (SMCI) builds AI servers, and its fiscal year ends in June.
SMCISuper Micro Computer·FY2026 10-KPaidFiling score 90 · Large changeFiling bulletin ↗
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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
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.
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90 Filing score · Large change
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FAQ
Does all $4bn have to be repaid soon?
No. Part falls due within twelve months and part after that. Both amounts are tabled in the subscriber section.
What matures this autumn?
Term loans with Taiwanese banks come due through the autumn. The lenders, dates and amounts are listed in the subscriber section.
Does the company have the cash?
Cash and equivalents at the end of June are given in the subscriber section. Set them beside what falls due within twelve months.
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.
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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 · SEC EDGAR · This article is not investment advice. Disclaimer