Super Micro Computer
SMCIQ2 2023(SMCI Q3 FY2023)Estimated18% AI
AI Revenue %
18%
AI Fair Value
$912.5M
AI Revenue (Q)
$381.5M
Total Revenue (Q)
$2.1B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q3 FY2023 (Mar 2023) revenue was $1,283M, down 5.3% YoY. Revenue decline suggests enterprise refresh cycle slowdown, but AI demand was beginning to emerge post-ChatGPT. The 10-Q explicitly mentions 'artificial intelligence (AI)' and 'AI/ML' multiple times and references GPU vendors. SMCI was beginning to position as an AI infrastructure provider but revenue hadn't yet exploded. Slightly increasing AI estimate to 18% as early AI orders begin flowing. ~$231M AI / $1,283M total = ~18%. No AI-specific revenue figures disclosed.
Analyzed by claude-opus-4-6
Quoted Figures
we increasingly focus on artificial intelligence/machine learning (AI/ML) applications and larger enterprise customers
10-Q Q3 FY2023, MD&A Overview
we work closely with microprocessor, central processing units (CPU) and graphics processing units (GPU) and other key component vendors
10-Q Q3 FY2023, MD&A Overview
AI Products Identified (Ring 1)
GPU server systemsHPC server configurationsAI/ML optimized servers
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Server Building Block Solutionsrack-scale solutions
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix