SUPER MICRO COMPUTER, INC., 10-K filed on 8/28/2023
Annual Report
v3.23.2
Cover - USD ($)
 12 Months Ended
Jun. 30, 2023
Jul. 31, 2023
Dec. 31, 2022
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Jun. 30, 2023    
Current Fiscal Year End Date --06-30    
Document Transition Report false    
Entity File Number 001-33383    
Entity Registrant Name Super Micro Computer, Inc.    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 77-0353939    
Entity Address, Address Line One 980 Rock Avenue    
Entity Address, City or Town San Jose    
Entity Address, State or Province CA    
Entity Address, Postal Zip Code 95131    
City Area Code 408    
Local Phone Number 503-8000    
Title of 12(b) Security Common Stock, $0.001 par value per share    
Trading Symbol SMCI    
Security Exchange Name NASDAQ    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction [Flag] false    
Entity Shell Company false    
Entity Public Float     $ 3,828,767,079
Entity Common Stock, Shares Outstanding (in shares)   52,905,947  
Documents Incorporated by Reference
DOCUMENTS INCORPORATED BY REFERENCE
None
    
Entity Central Index Key 0001375365    
Document Fiscal Year Focus 2023    
Document Fiscal Period Focus FY    
Amendment Flag false    
v3.23.2
Audit Information
 12 Months Ended
Jun. 30, 2023
Auditor Information [Abstract]  
Auditor Firm ID 34
Auditor Name Deloitte & Touche LLP
Auditor Location San Jose, California
v3.23.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Jun. 30, 2022
Current assets:    
Cash and cash equivalents $ 440,459 $ 267,397
Accounts receivable, net of allowance for credit losses of $82 and $1,753 at June 30, 2023 and 2022, respectively (including amounts receivable from related parties of $5,473 and $8,398 at June 30, 2023 and 2022, respectively) 1,148,259 834,513
Inventories 1,445,564 1,545,606
Prepaid expenses and other current assets (including receivables from related parties of $27,732 and $24,412 at June 30, 2023 and 2022, respectively) 145,144 158,799
Total current assets 3,179,426 2,806,315
Property, plant and equipment, net 290,240 285,972
Deferred income taxes, net 162,654 69,929
Other assets 42,409 42,861
Total assets 3,674,729 3,205,077
Current liabilities:    
Accounts payable (including amounts due to related parties of $89,134 and $87,355 at June 30, 2023 and 2022, respectively) 776,831 655,403
Accrued liabilities (including amounts due to related parties of $14,017 and $18,676 at June 30, 2023 and 2022, respectively) 163,865 212,419
Income taxes payable 129,166 41,743
Short-term debt 170,123 449,146
Deferred revenue 134,667 111,313
Total current liabilities 1,374,652 1,470,024
Deferred revenue, non-current 169,781 122,548
Long-term debt 120,179 147,618
Other long-term liabilities 37,947 39,140
Total liabilities 1,702,559 1,779,330
Commitments and contingencies
Stockholders’ equity:    
Common stock and additional paid-in capital, $0.001 par value, Authorized shares: 100,000; Outstanding shares: 52,901 and 52,311 at June 30, 2023 and 2022, respectively, Issued shares: 52,901 and 52,311 at June 30, 2023 and 2022, respectively 538,352 481,741
Accumulated other comprehensive income 639 911
Retained earnings 1,433,014 942,923
Total Super Micro Computer, Inc. stockholders’ equity 1,972,005 1,425,575
Noncontrolling interest 165 172
Total stockholders’ equity 1,972,170 1,425,747
Total liabilities and stockholders’ equity $ 3,674,729 $ 3,205,077
v3.23.2
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
shares in Thousands, $ in Thousands
Jun. 30, 2023
Jun. 30, 2022
Current assets:    
Accounts receivable, allowances $ 82 $ 1,753
Accounts receivable, related parties 1,148,259 834,513
Prepaid expenses and other current assets, related parties 145,144 158,799
Current liabilities:    
Accounts payable, related parties 776,831 655,403
Accrued liabilities, related parties $ 163,865 $ 212,419
Stockholders’ equity:    
Common stock and additional paid-in capital, par value (in dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized (in shares) 100,000 100,000
Common stock, shares outstanding (in shares) 52,901 52,311
Common stock, shares issued (in shares) 52,901 52,311
Related Party    
Current assets:    
Accounts receivable, related parties $ 5,473 $ 8,398
Prepaid expenses and other current assets, related parties 27,732 24,412
Current liabilities:    
Accounts payable, related parties 89,134 87,355
Accrued liabilities, related parties $ 14,017 $ 18,676
v3.23.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Net sales (including related party sales of $60,537, $147,091, and $79,018 in fiscal years 2023, 2022 and 2021, respectively) $ 7,123,482 $ 5,196,099 $ 3,557,422
Cost of sales (including related party purchases of $384,762, $371,076, and $239,558 in fiscal years 2023, 2022 and 2021, respectively) 5,840,470 4,396,098 3,022,884
Gross profit 1,283,012 800,001 534,538
Operating expenses:      
Research and development 307,260 272,273 224,369
Sales and marketing 115,025 90,126 85,683
General and administrative 99,585 102,435 100,539
Total operating expenses 521,870 464,834 410,591
Income from operations 761,142 335,167 123,947
Other income (expense), net 3,646 8,079 (2,834)
Interest expense (10,491) (6,413) (2,485)
Income before income tax provision 754,297 336,833 118,628
Income tax provision (110,666) (52,876) (6,936)
Share of (loss) income from equity investee, net of taxes (3,633) 1,206 173
Net income $ 639,998 $ 285,163 $ 111,865
Net income per common share:      
Basic (in dollars per share) $ 12.09 $ 5.54 $ 2.19
Diluted (in dollars per share) $ 11.43 $ 5.32 $ 2.09
Weighted-average shares used in calculation of net income per common share:      
Basic (in shares) 52,925 51,478 51,157
Diluted (in shares) 55,970 53,615 53,507
Nonrelated Party      
Net sales (including related party sales of $60,537, $147,091, and $79,018 in fiscal years 2023, 2022 and 2021, respectively) $ 7,123,482 $ 5,196,099 $ 3,557,422
v3.23.2
CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Net sales $ 7,123,482 $ 5,196,099 $ 3,557,422
Cost of sales 5,840,470 4,396,098 3,022,884
Related Party      
Net sales 60,537 147,091 79,018
Cost of sales $ 384,762 $ 371,076 $ 239,558
v3.23.2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Statement of Comprehensive Income [Abstract]      
Net income $ 639,998 $ 285,163 $ 111,865
Other comprehensive (loss) income, net of tax:      
Foreign currency translation (loss) gain and other (223) (247) 605
Net change in defined benefit obligations (49) 705 0
Total other comprehensive (loss) income, net of tax (272) 458 605
Total comprehensive income $ 639,726 $ 285,621 $ 112,470
v3.23.2
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock and Additional Paid-In Capital
Treasury Stock
Accumulated Other Comprehensive Income
Retained Earnings
Non-controlling Interest
Shares outstanding, beginning balance (in shares) at Jun. 30, 2020   53,741,828        
Stockholders' equity, beginning balance at Jun. 30, 2020 $ 1,065,707 $ 389,972 $ (20,491) $ (152) $ 696,211 $ 167
Treasury stock outstanding, beginning balance (in shares) at Jun. 30, 2020     1,333,125      
Increase (Decrease) in Stockholders' Equity            
Exercise of stock options, net of taxes (in shares) 1,645,800 1,645,800        
Exercise of stock options, net of taxes $ 28,387 $ 28,387        
Release of common stock shares upon vesting of restricted stock units (in shares)   1,011,406        
Release of common stock shares upon vesting of restricted stock units 0 $ 0        
Shares withheld for the withholding tax on vesting of restricted stock units (in shares)   (274,620)        
Shares withheld for the withholding tax on vesting of restricted stock units $ (8,721) $ (8,721)        
Share repurchase and retirement (in shares) (4,209,211) (5,542,336) (1,333,125)      
Share repurchases and retirement $ (130,000) $ (175) $ (20,491)   (150,316)  
Stock-based compensation 28,549 $ 28,549        
Other comprehensive income (loss) 605     605    
Net income (loss) 111,871       111,865 6
Shares outstanding, ending balance (in shares) at Jun. 30, 2021   50,582,078        
Stockholders' equity, ending balance at Jun. 30, 2021 $ 1,096,398 $ 438,012 $ 0 453 657,760 173
Treasury stock outstanding, ending balance (in shares) at Jun. 30, 2021     0      
Increase (Decrease) in Stockholders' Equity            
Exercise of stock options, net of taxes (in shares) 1,197,756 1,197,756        
Exercise of stock options, net of taxes $ 20,994 $ 20,994        
Release of common stock shares upon vesting of restricted stock units (in shares)   763,641        
Release of common stock shares upon vesting of restricted stock units 0          
Shares withheld for the withholding tax on vesting of restricted stock units (in shares)   (232,461)        
Shares withheld for the withholding tax on vesting of restricted stock units (10,081) $ (10,081)        
Stock-based compensation 32,816 $ 32,816        
Other comprehensive income (loss) 458     458    
Net income (loss) $ 285,162       285,163 (1)
Shares outstanding, ending balance (in shares) at Jun. 30, 2022 52,311,000 52,311,014        
Stockholders' equity, ending balance at Jun. 30, 2022 $ 1,425,747 $ 481,741 $ 0 911 942,923 172
Treasury stock outstanding, ending balance (in shares) at Jun. 30, 2022     0      
Increase (Decrease) in Stockholders' Equity            
Exercise of stock options, net of taxes (in shares) 1,454,811 1,454,811        
Exercise of stock options, net of taxes $ 30,466 $ 30,466        
Release of common stock shares upon vesting of restricted stock units (in shares)   993,635        
Release of common stock shares upon vesting of restricted stock units 0          
Shares withheld for the withholding tax on vesting of restricted stock units (in shares)   (304,752)        
Shares withheld for the withholding tax on vesting of restricted stock units $ (28,197) $ (28,197)        
Share repurchase and retirement (in shares) (1,553,350) (1,553,350)        
Share repurchases and retirement $ (149,998) $ (91)     (149,907)  
Stock-based compensation 54,433 $ 54,433        
Other comprehensive income (loss) (272)     (272)    
Net income (loss) $ 639,991       639,998 (7)
Shares outstanding, ending balance (in shares) at Jun. 30, 2023 52,901,000 52,901,358        
Stockholders' equity, ending balance at Jun. 30, 2023 $ 1,972,170 $ 538,352 $ 0 $ 639 $ 1,433,014 $ 165
Treasury stock outstanding, ending balance (in shares) at Jun. 30, 2023     0      
v3.23.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES:      
Net income $ 639,998 $ 285,163 $ 111,865
Reconciliation of net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 34,904 32,471 28,185
Stock-based compensation expense 54,433 32,816 28,549
Share of loss (income) from equity investee 3,633 (1,206) (173)
Foreign currency exchange (gain) loss (2,619) (13,747) 2,482
Deferred income taxes, net (92,969) (6,817) (8,390)
Other (668) 368 (1,044)
Changes in operating assets and liabilities:      
Accounts receivable, net (including changes in related party balances of $2,925, $280 and $34 in fiscal years 2023, 2022 and 2021, respectively) (311,897) (372,438) (60,145)
Inventories 100,042 (504,642) (189,466)
Prepaid expenses and other assets (including changes in related party balances of $(3,320), $(575) and $(3,969) in fiscal years 2023, 2022 and 2021, respectively) 8,313 (28,794) (5,291)
Accounts payable (including changes in related party balances of $1,779, $17,259 and $(2,272) in fiscal years 2023, 2022 and 2021, respectively) 127,135 50,145 189,309
Income taxes payable 87,423 29,002 8,041
Accrued liabilities (including changes in related party balances of $(4,659), $148 and $2,322 in fiscal years 2023, 2022 and 2021, respectively) (50,311) 35,891 24,705
Deferred revenue 70,587 31,544 (1,452)
Other long-term liabilities (including changes in related party balances of $(321), $499 and $(1,699) in fiscal years 2023, 2022 and 2021, respectively) (4,424) (10,557) (4,220)
Net cash provided by (used in) operating activities 663,580 (440,801) 122,955
INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (including payments to related parties of $7,844, $4,818 and $7,347 in fiscal years 2023, 2022 and 2021, respectively) (36,793) (45,182) (58,016)
Investment in a privately-held company (500) (1,100) 0
Acquisition, net of cash acquired (2,193) 0 0
Net cash used in investing activities (39,486) (46,282) (58,016)
FINANCING ACTIVITIES:      
Proceeds from borrowings 1,093,860 1,153,317 127,059
Repayment of debt (1,394,391) (640,695) (60,629)
Payment of other fees for debt financing 0 (592) (561)
Proceeds from exercise of stock options, net of taxes 30,466 20,994 28,387
Changes in obligations under capital leases (33) (72) 25
Payment of withholding tax on vesting of restricted stock units (28,197) (10,081) (8,721)
Stock repurchases (149,998) 0 (130,000)
Net cash (used in) provided by financing activities (448,293) 522,871 (44,440)
Effect of exchange rate fluctuations on cash (3,400) (678) 560
Net increase in cash, cash equivalents and restricted cash 172,401 35,110 21,059
Cash, cash equivalents and restricted cash at beginning of year 268,559 233,449 212,390
Cash, cash equivalents and restricted cash at end of year 440,960 268,559 233,449
Supplemental disclosure of cash flow information:      
Cash paid for interest 8,541 5,492 1,948
Cash paid for taxes, net of refunds 114,963 19,690 2,914
Non-cash investing and financing activities:      
Unpaid property, plant and equipment purchases (including due to related parties of $810, $689 and $400 as of June 30, 2023, 2022 and 2021, respectively) 2,181 7,825 9,003
Right of use ("ROU") assets obtained in exchange for operating lease commitments $ 3,197 $ 11,151 $ 3,258
v3.23.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Accounts receivable, net, related party $ (311,897) $ (372,438) $ (60,145)
Prepaid expenses and other assets, related party 8,313 (28,794) (5,291)
Accounts payable, related party 127,135 50,145 189,309
Accrued liabilities, related party (50,311) 35,891 24,705
Other long-term liabilities, related party (4,424) (10,557) (4,220)
Purchases of property, plant and equipment, related party 36,793 45,182 58,016
Unpaid property, plant and equipment purchases, related party 2,181 7,825 9,003
Related Party      
Accounts receivable, net, related party 2,925 280 34
Prepaid expenses and other assets, related party (3,320) (575) (3,969)
Accounts payable, related party 1,779 17,259 (2,272)
Accrued liabilities, related party (4,659) 148 2,322
Other long-term liabilities, related party (321) 499 (1,699)
Purchases of property, plant and equipment, related party 7,844 4,818 7,347
Unpaid property, plant and equipment purchases, related party $ 810 $ 689 $ 400
v3.23.2
Organization and Summary of Significant Accounting Policies
 12 Months Ended
Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Summary of Significant Accounting Policies Organization and Summary of Significant Accounting Policies
Organization
    
Super Micro Computer, Inc. (“Super Micro Computer” or the “Company”) was incorporated in 1993. Super Micro Computer is a global leader in server technology and green computing innovation. Super Micro Computer develops and provides high performance server and storage solutions based upon an innovative, modular and open-standard architecture. Super Micro Computer has operations primarily in the United States, the Netherlands, Taiwan, China and Japan.

Basis of Presentation

The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The consolidated financial statements of Super Micro Computer include the accounts of Super Micro Computer and entities consolidated under the variable interest model or the voting interest model. Noncontrolling interests are not presented separately in the consolidated statements of operations and consolidated statements of comprehensive income as the amounts are immaterial. All intercompany accounts and transactions of Super Micro Computer and its consolidated entities (collectively, the "Company") have been eliminated in consolidation. For equity investments over which the Company is able to exercise significant influence over the investee but does not control the investee and is not the primary beneficiary of the investee’s activities are accounted for using the equity method. Investments in equity securities which do not have readily determinable fair values and for which the Company is not able to exercise significant influence over the investee are accounted for under the measurement alternative which is the cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or similar securities of the same investee.

During the year ended June 30, 2023, the Company completed the acquisition of 100% of the common shares of Gemini Open Cloud Computing Inc. (“Gemini”) for a total purchase consideration of $2.5 million, subject to a holdback of $0.3 million due one year from the closing date of the acquisition. The revenue and results of operations of Gemini since the acquisition date on April 17, 2023 were not material and have been included in the Company’s consolidated financial statements for fiscal 2023. The purchase price was allocated to tangible and identified intangible assets acquired and liabilities assumed based on estimated fair values. The goodwill is primarily attributable to the planned growth in the combined business of Super Micro Computer and Gemini. Goodwill of $1.8 million is recorded within other assets in the consolidated balance sheets and is not amortized to earnings, but instead is reviewed for impairment at least annually, absent any interim indicators of impairment. Goodwill recognized in the acquisition is not expected to be deductible for foreign tax purposes. Acquisition-related costs attributable to Gemini were not material and included in selling, general and administrative expense for the year ended June 30, 2023. Pro forma earnings and revenues as if this acquisition had occurred at the beginning of fiscal 2022 were not presented as they were not material.

Certain prior year balances have been reclassified to conform with the current year financial statement presentation. In order to conform with current period presentation Investment in Equity Investee has been grouped with Other Assets on the consolidated balance sheet as of June 30, 2022. Additionally, certain prior year amounts within cash from operating activities in the consolidated statements of cash flows have been reclassified to conform to current year presentation. These changes in presentation do not affect previously reported results.
Use of Estimates

U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Such estimates include, but are not limited to revenue recognition, allowances for credit losses and sales returns, inventory valuation, useful lives of property, plant and equipment, product warranty accruals, stock-based compensation, impairment of investments and long-lived assets, and income taxes. The Company’s estimates are evaluated on an ongoing basis and changes in the estimates are recognized prospectively. Actual results could differ from those estimates. These estimates and judgements have not fluctuated significantly for the fiscal year ended June 30, 2023 compared to prior fiscal years. The Company considered estimates of the economic implications of the COVID-19 pandemic pressures, global economic recession, inflation and increased interest rates on its critical and significant accounting estimates, including an assessment of the collectability of each customer contract as part of the revenue recognition process, assessment of the valuation of accounts receivable, assessment of provision for excess and obsolete inventory and an impairment of long-lived assets.

Fair Value of Financial Instruments

The Company accounts for certain assets and liabilities at fair value, which is the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly arms-length transaction between market participants. When measuring fair value, the Company takes into account the characteristics of the asset or liability that a market participant would consider when pricing the asset or liability at the measurement date. The Company considers one or more techniques for measuring fair value: market approach, income approach, and cost approach. The valuation techniques include inputs that are based on three different levels of observability to the market. The Company categorizes each of its fair value measurements in one of these three levels based on the lowest level input that is significant to the fair value measurement in its entirety. These levels are:

•Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;
•Level 2 - Quoted prices in markets that are not active or financial instruments for which all significant inputs are observable, either directly or indirectly; and
•Level 3 - Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.

Accounts receivable and accounts payable are carried at cost, which approximates fair value due to the short maturity of these instruments. Cash equivalents, certificates of deposit and the investment in an auction rate security are carried at fair value. Short-term and long-term debt is carried at amortized cost, which approximates its fair value based on borrowing rates currently available to the Company for loans with similar terms.

Cash and Cash Equivalents

The Company considers all highly liquid instruments with an original maturity of three months or less from the date of purchase to be cash equivalents. Cash equivalents consist primarily of money market funds and certificates of deposit with original maturities of less than three months.

Restricted Cash

Restricted cash is comprised of amounts held in bank accounts which are controlled by the lenders pursuant to the terms of certain debt agreements, certificates of deposit primarily related to leases and customs requirements, and money market accounts held in escrow pursuant to the Company’s workers’ compensation program. These restricted cash balances have been excluded from the Company's cash and cash equivalents balance.
Inventories

Inventories are stated at lower of cost, using weighted average cost method, or net realizable value. Net realizable value is the estimated selling price of the Company's products in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Inventories consist of purchased parts and raw materials (principally electronic components), work in process (principally products being assembled) and finished goods. The Company evaluates inventory on a quarterly basis for excess and obsolescence and lower of cost or net realizable value and, as necessary, writes down the valuation of inventories based upon the Company's inventory aging, forecasted usage and sales, anticipated selling price, product obsolescence and other factors. Once inventory is written down, its new value is maintained until it is sold or scrapped.

The Company receives various rebate incentives from certain suppliers based on its contractual arrangements, including volume-based rebates. The rebates earned are recognized as a reduction of cost of inventories and reduce the cost of sales in the period when the related inventory is sold.

Property, Plant and Equipment

Property, plant and equipment is recorded at cost and depreciated using the straight-line method over the estimated useful lives of the related assets as follows:
Software
3 to 5 years
Machinery and equipment
5 to 7 years
Furniture and fixtures
5 years
Buildings39 years
Building improvements
Up to 20 years
Land improvements15 years
Leasehold improvementsShorter of lease term or estimated useful life

Long-Lived Assets

The Company evaluates its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. When the sum of the undiscounted future net cash flows expected to result from the use of the asset and its eventual disposition is less than its carrying amount, an impairment loss would be measured based on the fair value of the asset compared to the carrying amount. No impairment charge for long-lived assets has been recorded in any of the periods presented.

Revenue Recognition

The Company generates revenues from the sale of server and storage systems, subsystems, accessories, services, server software management solutions, and support services.

Product sales. The Company recognizes revenue from sales of products as control is transferred to customers, which generally happens at the point of shipment or upon delivery, unless customer acceptance is uncertain. Products sold by the Company are delivered via shipment from the Company’s facilities or drop shipment directly to its customers from a Company vendor. The Company may use distributors to sell products to end customers. Revenue from distributors is recognized when the distributor obtains control of the product, which generally happens at the point of shipment or upon delivery.
The Company applies judgment in determining the transaction price as the Company may be required to estimate variable consideration when determining the amount of revenue to recognize. As part of determining the transaction price in contracts with customers, the Company estimates reserves for future sales returns based on a review of its history of actual returns for each major product line. Based upon historical experience, a refund liability is recorded at the time of sale for estimated product returns and an asset is recognized for the amount expected to be recorded in inventory upon product return, less the expected recovery costs. The Company also reduces revenue for the estimated costs of customer and distributor programs and incentive offerings such as price protection and rebates as well as the estimated costs of cooperative marketing arrangements where the fair value of the benefit derived from the costs cannot be reasonably estimated. Any provision for customer and distributor programs and other discounts is recorded as a reduction of revenue at the time of sale based on an evaluation of the contract terms and historical experience.

Services sales. The Company’s sale of services mainly consists of extended warranty and on-site services. Revenue related to extended warranty commences upon the expiration of the standard warranty period and is recognized ratably over the contractual period as the Company stands ready to perform any required warranty service. Revenue related to on-site services commences upon recognition of the product sale and is recognized ratably over the contractual period as the on-site services are made available to the customer. These service contracts are typically one to five years in length. Service revenue has been less than 10% of net sales for all periods presented and is not separately disclosed.

Contracts with multiple promised goods and services. Certain of the Company’s contracts contain multiple promised goods and services. The Company assesses whether each promised good or service is distinct for the purpose of identifying the performance obligations in the contract. This assessment involves subjective determinations and requires management to make judgments about the individual promised goods or services and whether such goods or services are separable from the other aspects of the contractual relationship. Performance obligations in a contract are identified based on the promised goods or services that will be transferred to the customer that are both capable of being distinct, whereby the customer can benefit from the service either on its own or together with other resources that are readily available from third parties or from the Company, and are distinct in the context of the contract, whereby the transfer of the services is separately identifiable from other promises in the contract. If these criteria are not met, the promised goods and services are accounted for as a combined performance obligation. Revenue allocated to each performance obligation is recognized at the time the related performance obligation is satisfied by transferring control of the promised good or service to a customer.

If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. For contracts that contain multiple performance obligations, the Company allocates the transaction price for each customer contract to each performance obligation based on the relative standalone selling price ("SSP") for each performance obligation within each contract. The Company recognizes the amount of transaction price allocated to each performance obligation within a customer contract as revenue at the time the related performance obligation is satisfied by transferring control of the promised good or service to a customer. Determining the relative SSP for contracts that contain multiple performance obligations requires significant judgement. The Company determines SSP based on the price at which the performance obligation is sold separately. If the SSP is not observable through past transactions, the Company applies judgment to estimate the SSP. For substantially all performance obligations, the Company is able to establish the SSP based on the observable prices of products or services sold separately in comparable circumstances to similar customers. The Company typically establishes an SSP range for its products and services, which is reassessed on a periodic basis or when facts and circumstances change. SSP for the Company’s products and services can evolve over time due to changes in its pricing practices, internally approved pricing guidelines with respect to geographies, customer type, internal costs, and gross margin objectives for the related performance obligations which can also be influenced by intense competition, changes in demand for the Company’s products and services, economic and other factors.

When the Company receives consideration from a customer prior to transferring goods or services to the customer, the Company records a contract liability (deferred revenue). The Company also recognizes deferred revenue when it has an unconditional right to consideration (i.e., a receivable) before transfer of control of goods or services to a customer.

The Company considers shipping & handling activities as costs to fulfill the sales of products. Shipping revenue is included in net sales when control of the product is transferred to the customer, and the related shipping and handling costs are included in cost of sales. Taxes imposed by governmental authorities on the Company's revenue producing activities with customers, such as sales taxes and value added taxes, are excluded from net sales and included in operating expenses.
Allowance for Credit Losses

Customers are subjected to a credit review process that evaluates each customer’s financial position and ability and intent to pay. On a quarterly basis, the Company makes estimates of its uncollectible accounts receivable by analyzing the aging of accounts receivable, history of bad debts, customer concentrations, customer-credit-worthiness, and current economic trends to evaluate the adequacy of the allowance for credit losses. The Company's recovery of net of allowance for credit losses was $(0.01) million, $(0.8) million, and $(0.8) million in fiscal years 2023, 2022 and 2021, respectively.

Cost of Sales

Cost of sales primarily consists of the costs of materials, contract manufacturing, in-bound shipping, personnel and related expenses including stock-based compensation, equipment and facility expenses, warranty costs and provision for lower of cost or net realizable value and excess and obsolete inventory.
 
Product Warranties

The Company offers product warranties typically ranging from 15 to 39 months against any defective products. These standard warranties are assurance type warranties, and the Company does not offer any services beyond the assurance that the product will continue working as specified. Therefore, these warranties are not considered separate performance obligations in the arrangement. Based on historical experience, the Company accrues for estimated returns of defective products at the time revenue is recognized. The Company monitors warranty obligations and may make revisions to its warranty reserve if actual costs of product repair and replacement are significantly higher or lower than estimated. Accruals for anticipated future warranty costs are recorded to cost of sales and included in accrued liabilities and other long-term liabilities. Warranty accruals are based on estimates that are updated on an ongoing basis taking into consideration inputs such as new product introductions, changes in the volume of claims compared with the Company's historical experience, and the changes in the cost of servicing warranty claims. The Company accounts for the effect of such changes in estimates prospectively. The following table presents for the fiscal years ended June 30, 2023, 2022 and 2021, the reconciliation of the changes in accrued warranty costs which is included as a component of accrued liabilities and other long-term liabilities (in thousands):
 Years Ended June 30,
 202320222021
Balance, beginning of the year$12,137 $12,863 $12,379 
Provision for warranty35,407 28,150 29,638 
Costs utilized(33,784)(29,872)(30,575)
Change in estimated liability for pre-existing warranties1,099 996 1,421 
Balance, end of the year$14,859 $12,137 $12,863 
Current portion9,079 9,073 10,185 
Non-current portion$5,780 $3,064 $2,678 

Research and Development

Research and development expenses consist of personnel expenses including salaries, benefits, stock-based compensation and incentive bonuses, and related expenses for the Company's research and development personnel, as well as materials and supplies, consulting services, third-party testing services and equipment and facility expenses related to the Company's research and development activities. All research and development costs are expensed as incurred. The Company occasionally receives funding from certain suppliers and customers towards its development efforts. Such amounts are recorded as a reduction of research and development expenses and were $20.0 million, $8.2 million, and $10.9 million for the fiscal years ended June 30, 2023, 2022 and 2021, respectively.

Software development costs, including costs to develop software sold, leased, or otherwise marketed, that are incurred subsequent to the establishment of technological feasibility are capitalized if significant. Costs incurred during the application development stage for internal-use software are capitalized if significant. Capitalized software development costs are amortized using the straight-line amortization method over the estimated useful life of the applicable software. Such software development costs required to be capitalized have not been material to date.
Advertising Costs

Advertising costs, net of reimbursements received under the cooperative marketing arrangements with the Company's vendors, are expensed as incurred. Total advertising and promotional expenses were $2.0 million, $0.1 million and $4.1 million for the fiscal years ended June 30, 2023, 2022 and 2021, respectively, net of credits from marketing development funds.

Stock-Based Compensation

The Company measures and recognizes compensation expense for all share-based awards made to employees and non-employees, including stock options, restricted stock units ("RSUs") and performance-based restricted stock units (“PRSUs”). The Company recognizes the grant date fair value of all share-based awards over the requisite service period and accounts for forfeitures as they occur. Stock option and RSU awards are recognized to expense on a straight-line basis over the requisite service period. PRSU awards are recognized to expense using an accelerated method only when it is probable that a performance condition is met during the vesting period. If it is not probable, no expense is recognized and the previously recognized expense is reversed. The Company bases initial accrual of compensation expense on the estimated number of PRSUs that are expected to vest over the requisite service period. That estimate is revised if subsequent information indicates that the actual number of PRSUs is likely to differ from previous estimates. The cumulative effect on current and prior periods of a change in the estimated number of PRSUs expected to vest is recognized in stock-based compensation expense in the period of the change. Previously recognized compensation expense is not reversed if vested stock options, RSUs or PRSUs for which the requisite service has been rendered and the performance condition has been met expire unexercised or are not settled.

The fair value of RSUs and PRSUs is based on the closing market price of the Company's common stock on the date of grant. The Company estimates the fair value of stock options granted using a Black-Scholes option pricing model. This model requires the Company to make estimates and assumptions with respect to the expected term of the option and the expected volatility of the price of the Company's common stock. The expected term represents the period that the Company’s stock-based awards are expected to be outstanding and was determined based on the Company's historical experience. The expected volatility is based on the historical volatility of the Company’s common stock. The fair value is then amortized on a straight-line basis over the requisite service periods of the awards, which is generally the vesting period.
    
Leases

The Company has arrangements for the right to use certain of its office, warehouse spaces and other premises, and equipment. The Company determines at inception if an arrangement is or contains a lease. When the terms of a lease effectively transfer control of the underlying asset to the Company, it is classified as a finance lease. All other leases are classified as operating leases.

Operating Leases

For operating leases with lease terms of more than 12 months, operating lease ROU assets are recorded in long-term other assets, and lease liabilities are recorded in accrued liabilities and other long-term liabilities on the consolidated balance sheet. The Company's lease term includes options to extend or terminate the lease when it is reasonably certain that it will exercise that option. The Company elected to apply the short-term lease recognition exemption and does not recognize ROU asset and lease liabilities for leases with an initial term of 12 months or less and recognizes as expense the payments under such leases on a straight-line basis over the lease term. The Company's leases with an initial term of 12 months or less are immaterial.
Operating lease ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments over the lease term. Operating lease ROU assets and liabilities are recognized at lease commencement based on the present value of the remaining lease payments discounted using the Company’s incremental borrowing rate as the interest rate implicit in the lease arrangements is not readily determinable. The incremental borrowing rate is estimated to be the interest rate on a fully collateralized basis with similar terms and payments and in the economic environment where the leased asset is located. Operating lease ROU assets also include initial direct costs incurred, prepaid lease payments, minus any lease incentives. Operating lease expense is recognized on a straight-line basis over the lease term. The Company accounts for fixed payments for lease and non-lease components as a single lease component which increases the amount of ROU assets and liabilities. Non-lease components that are variable costs, such as common area maintenance, are expensed as incurred and not included in the ROU assets and lease liabilities.

Finance Leases

Assets under finance leases are recorded in property, plant and equipment, net and lease liabilities are included in accrued liabilities and other long-term liabilities on the consolidated balance sheet. Finance lease interest expense is recognized based on an effective interest method and depreciation of assets is recorded on a straight-line basis over the shorter of the lease term and useful life of the asset. The Company's finance leases are immaterial.

Income Taxes
    
The Company accounts for income taxes under an asset and liability approach. Deferred income taxes reflect the impact of temporary differences between assets and liabilities recognized for financial reporting purposes and such amounts recognized for income tax reporting purposes, net of operating loss carry-forwards and other tax credits measured by applying enacted tax laws related to the financial statement periods. Valuation allowances are provided when necessary to reduce deferred tax assets to an amount that is more likely than not to be realized.

The Company recognizes tax liabilities for uncertain income tax positions on the income tax return based on the two-step process. The first step is to determine whether it is more likely than not that each income tax position would be sustained upon audit. The second step is to estimate and measure the tax benefit as the amount that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority. Estimating these amounts requires the Company to determine the probability of various possible outcomes. The Company evaluates these uncertain tax positions on a quarterly basis. This evaluation is based on the consideration of several factors, including changes in facts or circumstances, changes in applicable tax law, settlement of issues under audit and new exposures. If the Company later determines that its exposure is lower or that the liability is not sufficient to cover its revised expectations, the Company adjusts the liability and effects a related charge in its tax provision during the period in which the Company makes such a determination.

Variable Interest Entities

The Company determines at the inception of each arrangement whether an entity in which the Company holds an investment or in which the Company has other variable interests is considered a variable interest entity ("VIE"). The Company consolidates VIEs when it is the primary beneficiary. The primary beneficiary of a VIE is the party that meets both of the following criteria: (1) has the power to make decisions that most significantly affect the economic performance of the VIE and (2) has the obligation to absorb losses or the right to receive benefits that in either case could potentially be significant to the VIE. Periodically, the Company assesses whether any changes in the interest or relationship with the entity affect the determination of whether the entity is still a VIE and, if so, whether the Company is the primary beneficiary. If the Company is not the primary beneficiary in a VIE, the Company accounts for the investment or other variable interest in accordance with applicable GAAP.
The Company has concluded that Ablecom Technology, Inc. (“Ablecom”) and its affiliate, Compuware Technology, Inc. ("Compuware"), are VIEs; however, the Company is not the primary beneficiary as it does not have the power to direct the activities that are most significant to the entities and therefore, the Company does not consolidate these entities. In performing its analysis, the Company considered its explicit arrangements with Ablecom and Compuware, all contractual arrangements with these entities. Also, as a result of the substantial related party relationships between the Company and these entities, the Company considered whether any implicit arrangements exist that would cause the Company to protect these related parties’ interests from suffering losses. The Company determined it has no material implicit arrangements with Ablecom, Compuware or their shareholders.

The Company and Ablecom jointly established Super Micro Asia Science and Technology Park, Inc. (the "Management Company") in Taiwan to manage the common areas shared by the Company and Ablecom for its separately constructed manufacturing facilities. In fiscal year 2012, each party contributed $0.2 million for a 50% ownership interest of the Management Company. The Company has concluded that the Management Company is a VIE, and the Company is the primary beneficiary as it has the power to direct the activities that are most significant to the Management Company. For the fiscal years ended 2023, 2022 and 2021, the accounts of the Management Company were consolidated with the accounts of Super Micro Computer, and a noncontrolling interest was recorded for Ablecom's interest in the net assets and operations of the Management Company. Net income (loss) attributable to Ablecom's interest was not material for the periods presented and was included in general and administrative expenses in the Company's consolidated statements of operations.
    
Foreign Currency Transactions

The functional currency of the Company’s international subsidiaries is the U.S. dollar, with the exception of Super Micro Asia and Technology Park, Inc., a consolidated variable interest entity, and Gemini. Monetary assets and liabilities of the Company's international subsidiaries that are denominated in foreign currency are remeasured into U.S. dollars at period-end exchange rates. Non-monetary assets and liabilities that are denominated in the foreign currency are remeasured into U.S. dollars at the historical rates. Revenue and expenses that are denominated in the foreign currency are remeasured into U.S. dollars at the average exchange rates during the period. Remeasurement of foreign currency accounts and resulting foreign exchange transaction gains and losses, are reflected in the consolidated statements of operations in other income (expense), net.

The functional currency of Super Micro Asia and Technology Park, Inc. and Gemini is New Taiwanese Dollar (“NTD”). Assets and liabilities are translated to U.S. dollars at the period-end exchange rate. Revenues and expenses are translated using the average exchange rate for the period. The effects of foreign currency translation are included in stockholders’ equity as a component of accumulated other comprehensive (loss) income in the accompanying consolidated balance sheets and periodic movements are summarized as a line item in the consolidated statements of comprehensive income.

The Company has an investment in a privately-held company that is accounted for under the equity method (the "Corporate Venture"). The functional currency of the Corporate Venture is the Chinese Yuan. Adjustments for the Company's share of the effects of foreign currency translation from local currency to U.S. dollars are recorded as increases or decreases to the carrying value of the investment and included in stockholders’ equity as a component of accumulated other comprehensive (loss) income in the accompanying consolidated balance sheets and periodic movements are summarized as a line item in the consolidated statements of comprehensive income.

Net Income Per Common Share

Basic net income per common share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per common share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potentially dilutive securities had been issued. Potentially dilutive securities include outstanding stock options and unvested RSUs and PRSUs. Contingently issuable shares are included in computing basic net income per common share as of the date that all necessary conditions, including service vesting conditions have been satisfied. Contingently issuable shares are considered for computing diluted net income per common share as of the beginning of the period in which all necessary conditions have been satisfied and the only remaining vesting condition is a service vesting condition.
    
Under the treasury stock method, an increase in the fair market value of the Company's common stock results in a greater dilutive effect from outstanding stock options and RSUs and PRSUs. Additionally, the exercise of stock options and the vesting of RSUs results in a further dilutive effect on net income per share.

The computation of basic and diluted net income per common share is as follows (in thousands, except per share amounts):
 
 Years Ended June 30,
 202320222021
Numerator:
Net income
$639,998 $285,163 $111,865 
Denominator:
Weighted-average shares outstanding
52,925 51,478 51,157 
Effect of dilutive securities
3,046 2,137 2,350 
Weighted-average diluted shares
55,970 53,615 53,507 
Basic net income per common share$12.09 $5.54 $2.19 
Diluted net income per common share$11.43 $5.32 $2.09 

For the fiscal years ended June 30, 2023, 2022 and 2021, the Company had stock options, RSUs and PRSUs outstanding that could potentially dilute basic earnings per share in the future but were excluded from the computation of diluted net income per share in the periods presented, as their effect would have been anti-dilutive. The anti-dilutive common share equivalents resulting from outstanding equity awards were 177,795, 475,529, and 670,179 for the fiscal years ended June 30, 2023, 2022 and 2021, respectively.

Concentration of Supplier Risk

Certain materials used by the Company in the manufacturing of its products are available from a limited number of suppliers. Shortages could occur in these materials due to an interruption of supply or increased demand in the industry. Two suppliers accounted for 13.5% and 30.7% of total purchases for the fiscal year ended June 30, 2023. The same two suppliers accounted for 18.1% and 11.4% of total purchases for the fiscal year ended June 30, 2022. The same two suppliers accounted for 20.3% and 11.8% of total purchases for the fiscal years ended June 30, 2021. Purchases from Ablecom and Compuware, related parties of the Company as noted in Part II, Item 8, Note 9, "Related Party Transactions," accounted for a combined 6.6%, 8.3%, and 7.8% of total cost of sales for the fiscal years ended June 30, 2023, 2022 and 2021, respectively.

Concentration of Credit Risk

Financial instruments which potentially subject the Company to concentration of credit risk consist primarily of cash and cash equivalents, restricted cash, investment in an auction rate security and accounts receivable. No single customer accounted for 10% or more of the net sales in any of fiscal years 2023, 2022 and 2021. Two customers accounted for 22.9% and 19.3% of accounts receivable, net as of June 30, 2023 and another customer accounted for 21.7% of accounts receivable, net as of June 30, 2022.

Treasury Stock

The Company accounts for treasury stock under the cost method. Upon the retirement of treasury shares, the Company deducts the par value of the retired treasury shares from common stock and allocates the excess of cost over par as a deduction to additional paid-in capital based on the pro-rata portion of additional paid-in-capital, and the remaining excess as a deduction to retained earnings. Retired treasury shares revert to the status of authorized but unissued shares.
Accounting Pronouncements Recently Adopted

In December 2019, the FASB issued amended guidance, Simplifying the Accounting for Income Taxes, to remove certain exceptions to the general principles from ASC 740 - Income Taxes, and to improve consistent application of U.S. GAAP for other areas of ASC 740 by clarifying and amending existing guidance. The guidance is effective for the Company from July 1, 2021. The adoption of the guidance in the fiscal year ended 2022 did not have a material impact on its consolidated financial statements and disclosures.

In March 2020, the FASB issued authoritative guidance, Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The new guidance provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference London Interbank Offered Rate ("LIBOR") or another reference rate expected to be discontinued. This ASU provides optional expedients and exceptions for applying U.S. GAAP to contracts affected by reference rate reform if certain criteria are met. In December 2022, FASB issued ASU 2022-06 (ASC Topic 848) and deferred the sunset date from December 31, 2022 to December 31, 2024. The Company adopted the guidance in the quarter ended June 30, 2023 on a prospective basis and has transitioned from an interest rate based on LIBOR to Secured Overnight Financing Rate ("SOFR"). The adoption of this ASU did not have a material impact on the Company's consolidated financial statements.
v3.23.2
Fair Value Disclosure
 12 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Fair Value Disclosure Fair Value Disclosure
The financial instruments of the Company measured at fair value on a recurring basis are included in cash equivalents, other assets and accrued liabilities. The Company classifies its financial instruments, except for its investment in an auction rate security, within Level 1 or Level 2 in the fair value hierarchy because the Company uses quoted prices in active markets or alternative pricing sources and models using market observable inputs to determine their fair value.

The Company’s investment in an auction rate security is classified within Level 3 of the fair value hierarchy as the determination of its fair value was not based on observable inputs as of June 30, 2023 and June 30, 2022. See Part II, Item 8, Note 1, "Organization and Summary of Significant Accounting Policies," for a discussion of the Company’s policies regarding the fair value hierarchy. The Company is using the discounted cash flow method to estimate the fair value of the auction rate security at each period end and the following assumptions: (i) the expected yield based on observable market rate of similar securities, (ii) the security coupon rate that is reset monthly, (iii) the estimated holding period and (iv) a liquidity discount. The liquidity discount assumption is based on the management estimate of lack of marketability discount of similar securities and is determined based on the analysis of financial market trends over time, recent redemptions of securities and other market activities. The Company performed a sensitivity analysis and applying a change of either plus or minus 100 basis points in the liquidity discount does not result in a significantly higher or lower fair value measurement of the auction rate security as of June 30, 2023.
Financial Assets and Liabilities Measured on a Recurring Basis

The following table sets forth the Company’s financial instruments as of June 30, 2023 and 2022, which are measured at fair value on a recurring basis by level within the fair value hierarchy. These are classified based on the lowest level of input that is significant to the fair value measurement (in thousands):
June 30, 2023Level 1Level 2Level 3Asset at
Fair Value
Assets
Money market funds(1)
$20,823 $— $— $20,823 
Certificates of deposit(2)
— 462 — 462 
Auction rate security— — 1,843 1,843 
Total assets measured at fair value$20,823 $462 $1,843 $23,128 
June 30, 2022Level 1Level 2Level 3Asset at
Fair Value
Assets
Money market funds(1)
$20,220 $— $— $20,220 
Certificates of deposit(2)
— 832 — 832 
Auction rate security— — 1,590 1,590 
Total assets measured at fair value$20,220 $832 $1,590 $22,642 

(1) $20.6 million and $20.0 million in money market funds are included in cash and cash equivalents and $0.2 million and $0.2 million in money market funds are included in restricted cash, non-current in other assets in the consolidated balance sheets as of June 30, 2023 and 2022, respectively.

(2) $0.2 million and $0.2 million in certificates of deposit are included in cash and cash equivalents, $0.1 million and $0.3 million in certificates of deposit are included in prepaid expenses and other assets, and $0.2 million and $0.3 million in certificates of deposit are included in restricted cash, non-current in other assets in the consolidated balance sheets as of June 30, 2023 and 2022, respectively.

On a quarterly basis, the Company also evaluates the current expected credit loss by considering factors such as historical experience, market data, issuer-specific factors, and current economic conditions. For the fiscal year ended June 30, 2023 and 2022, the credit losses related to the Company’s investments were not material.
There was an immaterial movement in the balances of the Company's financial assets measured at fair value on a recurring basis, consisting of investment in an auction rate security, using significant unobservable inputs (Level 3) for fiscal years 2023 and 2022. 

There were no transfers between Level 1, Level 2 or Level 3 financial instruments in fiscal years 2023 and 2022.

The following is a summary of the Company’s investment in an auction rate security as of June 30, 2023 and 2022 (in thousands):
 
 June 30, 2023
 Cost BasisGross
Unrealized
Holding
Gains		Gross
Unrealized
Holding
Losses		Fair Value
Auction rate security$1,750 $287 $(194)$1,843 

 June 30, 2022
 Cost BasisGross
Unrealized
Holding
Gains		Gross
Unrealized
Holding
Losses		Fair Value
Auction rate security$1,750 $— $(160)$1,590 
For the fiscal year ended June 30, 2023, the Company recognized $0.3 million of unrealized gain for the auction rate security in other comprehensive income based on the current valuation. For the fiscal year ended June 30, 2022, the Company recognized $0.03 million of unrealized gain for the auction rate security in other comprehensive income based on the current valuation. For the fiscal year ended June 30, 2021, the Company's loss recognized in other comprehensive income for the auction rate security was immaterial.

The Company measures the fair value of outstanding debt for disclosure purposes on a recurring basis. As of June 30, 2023 and 2022, total debt of $290.3 million and $596.8 million, respectively, is reported at amortized cost. This outstanding debt is classified as Level 2 as it is not actively traded. The amortized cost of the outstanding debt approximates the fair value.

Other Financial Assets - Investments into Non-Marketable Equity Securities
The Company's non-marketable equity securities are investments in privately held companies without readily determinable fair values in the amount of $1.7 million and $1.2 million as of June 30, 2023, and 2022, respectively. The Company accounts for these investments at cost minus impairment, if any, plus or minus changes from observable price changes in orderly transactions for the identical or similar investments by the same issuer. During the years ended June 30, 2023 and 2022, the Company did not record any upward or downward adjustments to the carrying values of the non-marketable equity securities related to observable price changes. The Company also did not record any impairment to the carrying values of the non-marketable equity securities during fiscal year 2023, 2022 and 2021.
v3.23.2
Revenue
 12 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
    Disaggregation of Revenue

The Company disaggregates revenue by type of product and geographical market in order to depict the nature, amount, and timing of revenue and cash flows. Service revenues, which are less than 10%, are not a significant component of total revenue and are aggregated within the respective categories.

The following is a summary of net sales by product type (in thousands):
 Years Ended June 30,
 202320222021
Server and storage systems$6,569,814 $4,463,833 $2,790,305 
Subsystems and accessories553,668 732,266 767,117 
Total$7,123,482 $5,196,099 $3,557,422 

Server and storage systems constitute an assembly and integration of subsystems and accessories, and related services. Subsystems and accessories are comprised of serverboards, chassis and accessories.
International net sales are based on the country and geographical region to which the products were shipped. The following is a summary of net sales by geographic region (in thousands):
 Years Ended June 30,
 202320222021
United States$4,834,061 $3,035,523 $2,107,910 
Asia1,050,837 1,139,898 699,653 
Europe1,003,046 825,200 614,826 
Other235,538 195,478 135,033 
Total$7,123,482 $5,196,099 $3,557,422 

Contract Balances

Generally, the payment terms of the Company’s offerings range from 30 to 60 days. In certain instances, customers may prepay for products and services in advance of delivery. Receivables relate to the Company’s unconditional right to consideration for performance obligations either partially or fully completed.

Contract assets are rights to consideration in exchange for goods or services that the Company has transferred to a customer when such right is conditional on something other than the passage of time. Such contract assets are insignificant to the Company’s consolidated financial statements.

Contract liabilities consist of deferred revenue and relate to amounts invoiced to or advance consideration received from customers, which precede the Company’s satisfaction of the associated performance obligations. The Company’s deferred revenue primarily results from customer payments received upfront for extended warranties and on-site services because these performance obligations are satisfied over time. Additionally, at times, deferred revenue may fluctuate due to the timing of advance consideration received from non-cancellable non-refundable contract liabilities relating to the sale of future products. Revenue recognized during fiscal year ended June 30, 2023, which was included in the opening deferred revenue balance as of June 30, 2022, of $233.8 million, was $109.0 million.

Deferred revenue increased $70.6 million as of June 30, 2023, as compared to the fiscal year ended June 30, 2022. This increase was mainly due to deferral on invoiced amounts for service contracts during the period exceeding the recognized revenue from contracts entered into in prior periods. This was accompanied by a $5.4 million increase in non-cancellable non-refundable advance consideration or cash consideration received from customers which preceded the Company's satisfaction of the associated performance obligations relating to product sales expected to be fulfilled in the next 12 months.

    Transaction Price Allocated to the Remaining Performance Obligations

Remaining performance obligations represent in aggregate the amount of transaction price that has been allocated to performance obligations not delivered, or only partially delivered, as of the end of the reporting period. The Company applies the exemption to not disclose information about remaining performance obligations that are part of a contract that has an original expected duration of one year or less. These performance obligations generally consist of services, such as on-site services, including integration services and extended warranty services that are contracted for one year or less, and products for which control has not yet been transferred. The value of the transaction price allocated to remaining performance obligations as of June 30, 2023, was approximately $304.4 million. The Company expects to recognize approximately 44% of remaining performance obligations as revenue in the next 12 months, and the remainder thereafter.
    Capitalized Contract Acquisition Costs and Fulfillment Cost

Contract acquisition costs are those incremental costs that the Company incurs to obtain a contract with a customer that it would not have incurred if the contract had not been obtained. Contract acquisition costs consist primarily of incentive bonuses paid to Company employees. Contract acquisition costs are considered incremental and recoverable costs of obtaining and fulfilling a contract with a customer and are therefore capitalizable. The Company applies the practical expedient to expense incentive bonus costs as incurred if the amortization period would be one year or less, generally upon delivery of the associated server and storage systems or components. Where the amortization period of the contract cost would be more than a year, the Company applies judgment in the allocation of the incentive bonus cost asset between hardware and service performance obligations and expenses the cost allocated to the hardware performance obligations upon delivery of associated server and storage systems or components and amortizes the cost allocated to service performance obligations over the period the services are expected to be provided. Contract acquisition costs allocated to service performance obligations that are subject to capitalization are insignificant to the Company’s consolidated financial statements.

Contract fulfillment costs consist of costs paid in advance for outsourced services provided by third parties to the extent they are not in the scope of other guidance. Fulfillment costs paid in advance for outsourced services provided by third parties are capitalized and amortized over the period the services are expected to be provided. Such fulfillment costs are insignificant to the Company’s consolidated financial statements.
v3.23.2
Accounts Receivable Allowances
 12 Months Ended
Jun. 30, 2023
Receivables [Abstract]  
Accounts Receivable Allowances Accounts Receivable Allowances
    
The Company has established an allowance for credit losses. The allowance for credit losses is based upon the age of outstanding receivables, credit risk of specific customers, historical trends related to past losses and other relevant factors. Accounts receivable allowances as of June 30, 2023, 2022 and 2021 consisted of the following (in thousands):
Beginning
Balance		Charged to
Cost and
Expenses (Recovered), net		Write-offsEnding
Balance
Allowance for credit losses
Year ended June 30, 2023$1,753$(13)$(1,659)$82
Year ended June 30, 2022$2,591$(840)$2$1,753
Year ended June 30, 2021$4,586$(820)$(1,175)$2,591
v3.23.2
Inventories
 12 Months Ended
Jun. 30, 2023
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories as of June 30, 2023 and 2022 consisted of the following (in thousands):
 June 30,
20232022
Finished goods$1,045,177 $1,025,555 
Work in process71,874 209,576 
Purchased parts and raw materials328,513 310,475 
Total inventories$1,445,564 $1,545,606 
v3.23.2
Property, Plant and Equipment
 12 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant, and Equipment
Property, plant and equipment as of June 30, 2023 and 2022 consisted of the following (in thousands):
 June 30,
 20232022
Buildings$143,496 $143,509 
Machinery and equipment130,151 113,665 
Land86,642 84,616 
Building and leasehold improvements(1)
59,634 55,034 
Furniture and fixtures(1)
36,303 33,417 
Software23,098 23,186 
Buildings construction in progress303 303 
479,627 453,730 
Accumulated depreciation and amortization(189,387)(167,758)
Property, plant and equipment, net$290,240 $285,972 

(1)Certain amounts have been reclassified from Furniture and fixtures to Building and leasehold improvements for the year ended June 30, 2022 to conform to current year presentation.
v3.23.2
Short-term and Long-term Debt
 12 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Short-term and Long-term Debt Short-term and Long-term Debt
Short-term and long-term debt obligations as of June 30, 2023 and 2022 consisted of the following (in thousands):
 
 June 30,
 20232022
Line of credit:
2018 Bank of America Credit Facility$— $268,245 
2022 Bank of America Credit Facility— 9,500
Cathay Bank Line of Credit131,58330,000
2021 CTBC Credit Lines— 84,800
HSBC Bank Credit Facility— 30,000
2021 E.SUN Bank Credit Facility— 7,800
Mega Bank Credit Facility— 3,500
Total line of credit131,583 433,845
Term loan facilities:
 Chang Hwa Bank Credit Facility due October 15, 202626,85333,643
CTBC Term Loan Facility, due June 4, 203038,20840,372
 2021 CTBC Credit Lines, due August 15, 20264,7215,468
 2021 E.SUN Bank Credit Facility, due September 15, 202633,51343,064
 2022 ESUN Bank Credit Facility, due August 15, 202716,756— 
 Mega Bank Credit Facility, due September 15, 202638,66840,372
Total term loans158,719 162,919
Total debt290,302 596,764
Short-term debt and current portion of long-term debt170,123 449,146
Debt, non-current$120,179 $147,618 
Activities under Revolving Lines of Credit and Term Loans

Available borrowings and interest rates as of June 30, 2023 and June 30, 2022 consisted of the following (in thousands except for percentages):

 June 30, 2023June 30, 2022
Available borrowingsInterest rateAvailable borrowingsInterest rate
Line of credit:
2018 Bank of America Credit Facility$350,000 6.57%$81,755 2.53%
2022 Bank of America Credit Facility$20,000 3.36%$10,500 1.85%
Cathay Bank Line of Credit$417 7.08%$102,000 4.00%
2021 CTBC Credit Lines$— —$20,200 
1.80% - 2.52%
2022 CTBC Credit Line$105,000 3.33%$— —
Chang Hwa Bank Credit Facility$20,000 6.58%$20,000 3.50%
 HSBC Bank Credit Facility$50,000 4.50%$— 
1.95% - 2.20%
 2021 E.SUN Bank Credit Facility$— —$22,200 1.80%
 2022 E.SUN Bank Credit Facility$30,000 4.18%$— —
Mega Bank Credit Facility$20,000 2.55%$16,500 1.85%
Term loan facilities:
Chang Hwa Bank Credit Facility due October 15, 2026$— 1.55%$— 1.18%
CTBC Term Loan Facility, due June 4, 2030$— 1.20%$— 0.83%
2021 CTBC Credit Lines, due August 15, 2026$— 1.40%$6,308 1.03%
2021 E.SUN Bank Credit Facility, due September 15, 2026$7,734 1.75%$10,766 1.37%
2022 ESUN Bank Credit Facility, due August 15, 2027$— 1.75%$— —
 Mega Bank Credit Facility, due September 15, 2026$— 
 1.40% - 1.60%
$— 
1.02% - 1.22%

Bank of America

2018 Bank of America Credit Facility

In April 2018, the Company entered into a revolving line of credit with Bank of America for up to $250.0 million (as amended from time to time, the "2018 Bank of America Credit Facility"). On March 3, 2022, the 2018 Bank of America Credit Facility was amended to, among other items, increase the size of the facility from $200.0 million to $350.0 million and change provisions relating to payments and LIBOR replacement mechanics to SOFR. The obligations bear a base interest rate plus 0.5% to 1.5% based on the SOFR availability. The amendment was accounted for as a modification and the impact was immaterial to the consolidated financial statements. Prior to that, on June 28, 2021, the 2018 Bank of America Credit Facility was amended to, among other items, extend the maturity to June 28, 2026, and increase the maximum amount that the Company can request the facility be increased from $100 million to $150 million. Interest accrued on any loans under the 2018 Bank of America Credit Facility is due on the first day of each month, and the loans are due and payable in full on the termination date of the 2018 Bank of America Credit Facility. Voluntary prepayments are permitted without early repayment fees or penalties. Subject to customary exceptions, the 2018 Bank of America Credit Facility is secured by substantially all of Super Micro Computer’s assets, other than real property assets. Under the terms of the 2018 Bank of America Credit Facility, the Company is not permitted to pay any dividends. The 2018 Bank of America Credit Facility contains customary representations and warranties and customary affirmative and negative covenants applicable to the Company and its subsidiaries and contains a financial covenant, which requires that the Company maintain a certain fixed charge coverage ratio, for each twelve-month period while in a Trigger Period, as defined in the agreement, is in effect.
As of June 30, 2023 and 2022, the total outstanding borrowings under the 2018 Bank of America Credit Facility were $0.0 million and $268.2 million, respectively. The interest rate under the 2018 Bank of America Credit Facility as of June 30, 2023 and 2022 was 6.57% and 2.53%, respectively. The balance of debt issuance costs outstanding as of June 30, 2023 and June 30, 2022 was $0.7 million and $1.0 million, respectively. The Company is in compliance with all covenants under the 2018 Bank of America Credit Facility, and as of June 30, 2023, the Company's available borrowing capacity was $350.0 million, subject to the borrowing base limitation and compliance with other applicable terms.

2022 Bank of America Credit Facility

On March 23, 2022, the Company through its Taiwan subsidiary entered into an Uncommitted Facility Agreement for credit lines with Bank of America – Taipei Branch (the “2022 Bank of America Credit Facility”), for an amount not to exceed in aggregate $20.0 million. The interest rate will be quoted by Bank of America - Taipei Branch for each drawdown. As of June 30, 2023 and 2022, the total outstanding borrowings were $0.0 million and $9.5 million, respectively, with an interest rate of 3.36% and 1.85%, respectively, per annum under the 2022 Bank of America Credit Facility. As of June 30, 2023, the amount available for future borrowing under the 2022 Bank of America Credit Facility was $20.0 million.

Cathay Bank

Cathay Bank Line of Credit

On May 19, 2022 (the “Cathay Bank Effective Date”), the Company entered into a Loan Agreement (the “Cathay Bank Loan Agreement”) with Cathay Bank pursuant to which Cathay Bank has agreed to provide a revolving line of credit of up to $132 million (the “Commitment”) for the five-year period following the Cathay Bank Effective Date. On the fifth anniversary of the Cathay Bank Effective Date, the total outstanding borrowings under the Cathay Bank Loan Agreement will automatically be converted into a five-year term loan. The interest rate under the Cathay Bank Loan Agreement is based upon either the SOFR index or prime rate index, at the Company’s quarterly election, plus a tiered spread that is based upon the average amounts deposited by the Company at Cathay Bank as a percentage of the Commitment. The spread is either 1.65% or 2.0% if the index is SOFR index, or 1.25% or 1.00% if the spread is the prime rate index with the higher spread applying in each case if an amount less than 25% of the Commitment is on deposit with Cathay Bank. Interest is payable monthly during the five-year period following the Cathay Bank Effective Date. After conversion to a term loan on the fifth anniversary of the Cathay Bank Effective Rate, interest is payable monthly based on a 20-year amortization schedule with the unpaid balance due at maturity. The Cathay Bank Loan Agreement has customary default provisions and is cross defaulted with other indebtedness to the extent such default causes a material adverse effect with respect to the Commitment. The Company is required to comply with certain covenants, including maintaining a fixed charge coverage ratio of at least 1.15:1.00. The Company is required to pay Cathay Bank an unused facility fee in the amount of 0.15% per annum of the undrawn Commitment payable quarterly in arrears. The Company is in compliance with all covenants under the Cathay Bank Loan Agreement.

Borrowings under the Cathay Bank Loan Agreement are secured against certain of the Company’s properties located in San Jose, California (the “Collateral”). The Company has agreed to indemnify Cathay Bank with respect to certain environmental matters with respect to the Collateral. The Collateral is subject to re-appraisal every two years at the election of Cathay Bank, and Cathay Bank reserves the right to reduce the Commitment in accordance with such appraised values. As of June 30, 2023 and 2022 the outstanding borrowings under the Cathay Bank Loan Agreement were $131.6 million and $30.0 million, respectively. As of June 30, 2023, the Company's available borrowing capacity was $0.4 million under the Cathay Bank Loan Agreement.

CTBC Bank

CTBC Credit Facility

The Company through its Taiwan subsidiary was party to (i) that certain credit agreement, dated May 6, 2020, with CTBC Bank Co., Ltd. (“CTBC Bank”), which provided for a ten-year, non-revolving term loan facility (the “2020 CTBC Term Loan Facility”) to obtain up to NTD 1,200.0 million ($40.7 million U.S. dollar equivalent) and (ii) that certain credit agreement, dated August 24, 2020, with CTBC Bank (the “CTBC Credit Facility”), which provided for total borrowings of up to $50.0 million (collectively, the “Prior CTBC Credit Lines”).
As of June 30, 2023 and 2022, the amounts outstanding under the 2020 CTBC Term Loan Facility were $38.2 million and $40.4 million, respectively. The interest rates for these loans were 1.20% per annum as of June 30, 2023 and 0.83% as of June 30, 2022.The Company was in compliance with all financial covenants under 2020 CTBC Term Loan Facility as of June 30, 2023.

CTBC 2021 Credit Lines

On July 20, 2021 (the “Effective Date”), the Company through its Taiwan subsidiary entered into a general agreement for omnibus credit lines with CTBC Bank (the “2021 CTBC Credit Lines), which replaced the Prior CTBC Credit Lines in their entirety and permit borrowings, from time to time, pursuant to (i) a term loan facility of up to NTD 1,550.0 million ($55.4 million U.S. dollar equivalent) including the existing 2020 CTBC Term Loan Facility of NTD 1,200.0 million ($42.9 million U.S. dollar equivalent) and a new 75-month, non-revolving term loan facility of NTD 350.0 million ($12.5 million U.S. dollar equivalent) to use to purchase machinery and equipment for the Company’s Bade Manufacturing Facility located in Taiwan (the “2021 CTBC Machine Loan”), and (ii) a line of credit facility of up to $105.0 million (the “2021 CTBC Credit Facility”), which increased the borrowing capacity of CTBC Credit Facility. The 2021 CTBC Credit Facility provides (i) a 12-month NTD 1,250.0 million ($44.7 million U.S. dollar equivalent) term loan facility secured by the land and building located in Bade, Taiwan with an interest rate equal to the lender's established NTD interest rate plus 0.50% per annum which is adjusted monthly, which term loan facility also includes a 12-month guarantee of up to NTD 100.0 million ($3.6 million U.S. dollar equivalent) with an annual fee equal to 0.50% per annum, and (ii) a 12-month revolving line of credit of up to 100% of eligible accounts receivable in an aggregate amount of up to $105.0 million with an interest rate equal to the lender's established USD interest rate plus 0.70% to 0.75% per annum which is adjusted monthly.

Interest rates are to be established according to individual credit arrangements established pursuant to the 2021 CTBC Credit Lines, which interest rates shall be subject to adjustment depending on the satisfaction of certain conditions. Term loans made pursuant to the 2021 CTBC Credit Lines are secured by certain of the Taiwan subsidiary’s assets, including certain property, land, plant, and equipment. There are various financial covenants under the 2021 CTBC Credit Lines, including current ratio, debt service coverage ratio, and financial debt ratio requirements. Amounts outstanding under the Prior CTBC Credit Lines on the Effective Date were assumed by the 2021 CTBC Credit Lines.

As of June 30, 2023 and 2022, under the 2021 CTBC Machine Loan, the amounts outstanding were $4.7 million and $5.5 million, respectively. The interest rates for these loans were 1.40% per annum as of June 30, 2023 and 1.03% as of June 30, 2022. As of June 30, 2023 and 2022, the outstanding borrowings under the 2021 CTBC Credit Facility revolving line of credit were $0.0 million and $84.8 million, respectively. The interest rates ranged from 1.80% to 2.52% as of June 30, 2022. The Company was in compliance with all financial covenants under 2021 CTBC Machine Loan as of June 30, 2023.

2022 CTBC Credit Line

Pursuant to banking practices in Taiwan to confirm loan agreements annually, on October 3, 2022, the Company through the Taiwan Subsidiary entered into an Agreement for Individually Negotiated Terms and Conditions with CTBC (such credit line, the “2022 CTBC Credit Line”) related to the 2021 CTBC Credit Lines. The terms of the 2022 CTBC Credit Line remain substantially similar to the 2021 CTBC Credit Line, except the 2022 CTBC Credit Line made certain minor amendments to the monthly interest payment date. The total borrowing cap under the whole arrangement is $105.0 million and NTD 1,550.0 million ($55.4 million U.S. dollar equivalent).

As of June 30, 2023, the amount available for future borrowing under the 2022 CTBC Credit Line was $105 million. As of June 30, 2023, the net book value of land and building located in Bade, Taiwan, collateralizing the 2022 CTBC Credit Line was $74.8 million.
Chang Hwa Bank

Chang Hwa Bank Credit Facility

On October 5, 2021 (the “Chang Hwa Bank Effective Date”), the Company through its Taiwan subsidiary entered into a credit facility (the “Chang Hwa Bank Credit Facility”) with Chang Hwa Commercial Bank, Ltd. (“Chang Hwa Bank”). The Chang Hwa Bank Credit Facility permits borrowings of up to NTD 1,000.0 million ($36.0 million U.S. dollar equivalent), including up to $20.0 million as loans, advances, acceptances, bills, bank guarantees, overdrafts, letters of credit, and other types of drawdown instruments. The Chang Hwa Bank Credit Facility has customary default provisions permitting Chang Hwa Bank to terminate or reduce the credit limit, shorten the credit period, or deem all liabilities due and payable, including in cross-default provisions with respect to the other Taiwan subsidiary debt obligations. Under the Chang Hwa Bank Credit Facility, Chang Hwa Bank has the right to demand collateral for debts owed. Terms for specific drawdown instruments issued under the Chang Hwa Bank Credit Facility, such as credit amount, term of use, mode of drawdown, specific lending rate, and other relevant terms, are to be set forth in separate loan contracts (each, a “Loan Contract”) negotiated with Chang Hwa Bank. On the Chang Hwa Bank Effective Date, three Loan Contracts were entered into. None of the three Loan Contracts are secured and there are no financial covenants. The Company is not a guarantor under Chang Hwa Bank Credit Facility.

On May 13, 2022, Chang Hwa Bank notified that they increased the borrowing capacity limit by $20.0 million.

As of June 30, 2023 and 2022, the total outstanding borrowings under the Chang Hwa Bank Credit Facility were denominated in NTD and remeasured into U.S. dollars of $26.9 million and $33.6 million, respectively. The interest rate under the Chang Hwa Bank Credit Facility as of June 30, 2023 and 2022 was 1.55% per annum and 1.175% per annum, respectively. As of June 30, 2023, the amount available for future borrowing under the Chang Hwa Bank Credit Facility was $20.0 million.

E.SUN Bank

2021 E.SUN Bank Credit Facility

The Company through its Taiwan subsidiary was party to that certain General Credit Agreement, dated December 2, 2020, with E.SUN Bank (“E.SUN Bank”), which provided for the issuance of loans, advances, acceptances, bills, bank guarantees, overdrafts, letters of credit, and other types of drawdown instruments up to a credit limit of US $30.0 million (the “Prior E.SUN Bank Credit Facility”). The term of the Prior E.SUN Bank Credit Facility expired on September 18, 2021.

On September 13, 2021 (the “Old E.SUN Bank Effective Date”), the Company through its Taiwan subsidiary entered into a new General Credit Agreement with E.SUN Bank, which replaced the Prior E.SUN Bank Credit Facility (the “2021 E.SUN Bank Credit Facility”). The 2021 E.SUN Bank Credit Facility permitted borrowings of up to (i) NTD 1,600.0 million ($57.6 million U.S. dollar equivalent) and (ii) $30.0 million as loans, advances, acceptances, bills, bank guarantees, overdrafts, letters of credit, and other types of drawdown instruments. Other terms of the 2021 E.SUN Bank Credit Facility were substantially identical to the Prior E.SUN Bank Credit Facility. Generally, interest for base rate loans made under the 2021 E.SUN Bank Credit Facility were based upon an average interbank overnight call loan rate in the finance industry (such as LIBOR or TAIFX) plus a fixed margin and is subject to occasional adjustment. The 2021 E.SUN Bank Credit Facility had customary default provisions permitting E.SUN Bank to terminate or reduce the credit limit, shorten the credit period, or deem all liabilities due and payable, including in the event the Taiwan subsidiary has an overdue liability at another financial organization. There were various financial covenants under the 2021 E.SUN Bank Credit Facility, including current ratio, net debt ratio, and interest coverage requirements to be reviewed on a yearly basis at fiscal year end.

Terms for specific drawdown instruments issued under the 2021 E.SUN Bank Credit Facility, such as credit amount, term of use, mode of drawdown, specific lending rate, and other relevant terms, were to be set forth in Notifications and Confirmation of Credit Conditions (a “Notification and Confirmation”) negotiated with E.SUN Bank. A Notification and Confirmation was entered into on the Old E.SUN Bank Effective Date for (i) a five-year, non-revolving term loan facility to obtain up to NTD 1,600.0 million ($57.6 million U.S. dollar equivalent) in financing for use in research and development activities (the “Term Loan”), and (ii) a $30.0 million import loan (the “Import Loan”) with a tenor of 120 days. As of June 30, 2023 and 2022, the total outstanding borrowings under the Term Loan were denominated in NTD and remeasured into U.S. dollars of $33.5 million and $43.1 million, respectively. The interest rates for the Term Loan were 1.75% per annum as of June 30, 2023 and 1.37% per annum as of June 30, 2022.
2022 E.SUN Bank Credit Facility

On August 9, 2022 (the “2022 E.SUN Bank Effective Date”), the Company through its Taiwan subsidiary, entered into a new General Credit Agreement with E.SUN Bank, which replaced the 2021 E.SUN Bank Credit Facility (the “2022 E.SUN Bank Credit Facility”). The 2022 E.SUN Bank Credit Facility permits borrowings of up to (i) NTD 1.8 billion ($61.0 million U.S. dollar equivalent) and (ii) US $30.0 million. Other terms of the 2022 E.SUN Bank Credit Facility are substantially identical to the 2021 E.SUN Bank Credit Facility. Generally, interest for base rate loans made under the 2022 E.SUN Bank Credit Facility are based upon an average interbank overnight call loan rate in the finance industry (such as TAIFX) plus a fixed margin and is subject to occasional adjustment. The 2022 E.SUN Bank Credit Facility has customary default provisions permitting E.SUN Bank to terminate or reduce the credit limit, shorten the credit period, or deem all liabilities due and payable, including in the event the Taiwan subsidiary has an overdue liability at another financial organization. The Company is not a guarantor of the New E.SUN Bank Credit Facility.

Terms for specific drawdown instruments issued under the 2022 E.SUN Bank Credit Facility, such as credit amount, term of use, mode of drawdown, specific lending rate, and other relevant terms, are to be set forth in a Notifications and Confirmation. Under a Notification and Confirmation entered into on the 2022 E.SUN Bank Effective Date, the Taiwan subsidiary and E.SUN Bank have agreed to both a Medium Term Credit Loan of NTD 680.0 million ($23.0 million U.S. dollar equivalent) with a tenor of five years (the “Medium Term Loan”) and a drawdown of US $30.0 million under the 2022 E.SUN Bank Credit Facility for an import loan with a tenor of 120 days (the “2022 Import O/A Loan”). With respect to the Medium Term Loan, the interest rate thereunder is based upon a floating annual rate plus a fixed margin, subject to adjustment under certain circumstances. Interest payments are due on a monthly basis. Principal is amortized evenly on a monthly basis, with principal payments subject to a one year grace period prior to the commencement of repayment. The Medium Term Loan will be used by the Taiwan subsidiary to support its manufacturing activities (such as purchase of materials and components) (“Use of Proceeds”). Drawdowns may be in amounts of up to 80% of permitted Use of Proceeds expenses. The Taiwan subsidiary is subject to various financial covenants in connection with the Medium Term Loan, including a current ratio, net debt to equity ratio, and interest coverage ratio. The current Medium Term Loan and the prior medium term loan under the Prior E.SUN Bank Credit Facility shall not exceed in aggregate NTD 1.8 billion. With respect to the 2022 Import O/A Loan, the period of use is between April 28, 2022 and April 28, 2023. The interest rate thereunder is based on TAIFX3 plus a fixed margin, subject to negotiation on a monthly basis and adjustment under certain circumstances. Interest payments are due on a monthly basis, and the principal is repayable on the due date. Neither the Medium Term Loan nor 2022 Import O/A loan are secured. As of June 30, 2023, the amount outstanding under the Medium Term Loan was denominated in NTD and remeasured into US dollars of $16.8 million.

The Company was in compliance with all financial covenants under 2021 E.SUN Bank Credit Facility and 2022 E.SUN Bank Credit Facility as of June 30, 2023.

On June 17, 2023, the Company through the Taiwan subsidiary, entered into a Notification and Confirmation pursuant to which the Taiwan subsidiary and E.SUN Bank agreed to drawdowns of up to US$30 million for an import o/a financing loan with a tenor of 120 days (the “2023 Import O/A Loan”). The period of use is between May 16, 2023 and May 16, 2024. The interest rate thereunder is based on TAIFX3 plus a fixed margin, subject to negotiation on a monthly basis and adjustment under certain circumstances. Interest payments are due on a monthly basis, and principal is repayable on the due date. The 2023 Import O/A Loan is not secured. Such Notification and Confirmation replaced the Notification and Confirmation entered into on the 2022 E.SUN Bank Effective Date related to the 2022 Import O/A Loan.

As of June 30, 2023 and June 30, 2022, the amounts outstanding under the Import Loan were $0.0 million and $7.8 million, respectively. The interest rate for the fiscal year ended June 30, 2022 was 1.81% per annum. As of June 30, 2023, the amount available for future borrowing under the Import O/A Loan was $30 million.
HSBC Bank

HSBC Bank Credit Facility

On January 7, 2022 (the “HSBC Bank Effective Date”), the Company, through its Taiwan subsidiary, entered into a General Loan, Export/Import Financing, Overdraft Facilities and Securities Agreement (the “Loan Agreement”) with a Taiwan affiliate of HSBC Bank (“HSBC Bank”). The Loan Agreement provides for borrowings in the form of loans, export/import financings, overdrafts, commercial paper guaranties, and other types of drawdown instruments. The Loan Agreement has customary default provisions permitting HSBC Bank to terminate or reduce the credit limit, shorten the credit period, or deem all liabilities due and payable, including in the event the Company’s Taiwan subsidiary fails to make payment of sums under another agreement which permits acceleration of maturity of such indebtedness. The Company is not a guarantor of the Loan Agreement.

Terms for specific drawdown instruments issued under the Loan Agreement, such as credit amount, term of use, mode of drawdown, specific lending rate, and other relevant terms, may be set forth in facility letters (each, a “Facility Letter”) negotiated with HSBC Bank. Under a Facility Letter entered into on the HSBC Bank Effective Date, the Company’s Taiwan subsidiary and HSBC Bank agreed to a $30.0 million export/seller trade facility under the Loan Agreement with a tenor of 120 days. The interest rate thereunder is based on HSBC Bank’s base rate plus a fixed margin, subject to adjustment under certain circumstances. Interest payments are due on a monthly basis, and principal is repayable on the due date.

On February 7, 2023, the Company through the Taiwan subsidiary, entered into a new facility letter (the “New Facility Letter”) with the Taiwan affiliate of HSBC Bank which expanded the prior $30 million facility letter entered into with HSBC Bank on January 7, 2022. The New Facility Letter permits borrowings up to a combined aggregate limit of $50.0 million which may be comprised of borrowings under a New Taiwan Dollar revolving facility with a sub-limit of NTD 300 million (the “NTD Revolver”) and an export/seller facility with a sub-limit of $50 million (the “Export/Seller Facility”). Interest under both the NTD Revolver and Export/Seller Facility is based on HSBC Bank’s base rate plus a fixed margin, subject to adjustment under certain circumstances. Interest payments thereunder are due on a monthly basis, or such other interest period as agreed by HSBC Bank, and principal is repayable on the due date. Amounts due under the New Facility Letter are currently not secured, but subject to HSBC Bank’s right of set-off and right to repayment on demand and call for cash cover. As of June 30, 2023 and 2022, the outstanding borrowings under the HSBC Credit Facility were $0.0 million and $30.0 million, respectively. The interest rates for these loans were 4.50% per annum as of June 30, 2023 and ranged from 1.95% to 2.20% as of June 30, 2022. As of June 30, 2023, the amount available for future borrowing under the New Facility Letter was $50.0 million.

Mega Bank

Mega Bank Credit Facilities

On September 13, 2021 (the “Mega Bank Effective Date”), the Company through its Taiwan subsidiary entered into a NTD 1,200.0 million ($43.2 million U.S. dollar equivalent) credit facility (the “Mega Bank Credit Facility”) with Mega International Commercial Bank (“Mega Bank”). The Mega Bank Credit Facility will be used to support manufacturing activities (such as purchase of materials and components), and to provide medium-term working capital (the “Permitted Uses”). Drawdowns under the Mega Bank Credit Facility may be made through December 31, 2024, with the first drawdown date not later than November 5, 2021. The first drawdown date was on October 4, 2021. Drawdowns may be in amounts of up to 80% of Permitted Uses certified to the Bank in drawdown certificates. The interest rate depends upon the amount borrowed under Mega Bank Credit Facility, and as of the Mega Bank Effective Date, ranged from 0.645% to 0.845% per annum. The interest rate is subject to adjustment in certain circumstances, such as events of default. Interest is payable monthly. Principal payments for amounts borrowed commence on the 15th day of the month following two years after the first drawdown and are repaid in monthly installments over a period of three years thereafter. The Mega Bank Credit Facility is unsecured and has customary default provisions permitting Mega Bank to reduce or cancel the extension of credit, or declare all principal and interest amounts immediately due and payable. As of June 30, 2023, the total outstanding borrowings under the Mega Bank Credit Facility were denominated in NTD and remeasured into U.S. dollars of $38.7 million and the interest rates ranged from 1.40% to 1.60% per annum. As of June 30, 2022, the total outstanding borrowings under the Mega Bank Credit Facility were denominated in NTD and remeasured into U.S. dollars of $40.4 million and the interest rates ranged from 1.02% to 1.22% per annum.
Credit Agreement with Mega Bank

On April 25, 2022, the Company through its Taiwan subsidiary, entered into a $20.0 million (or foreign currency equivalent) (the “2022 Credit Limit”) Omnibus Credit Authorization Agreement (the “2022 Omnibus Credit Authorization Agreement”) with Mega Bank. The 2022 Omnibus Credit Authorization Agreement permits individual credit authorizations subject to specified drawdown conditions up to the 2022 Credit Limit (on a revolving basis) to be used as loans for the purchase of materials or supplies.

Pursuant to the 2022 Omnibus Credit Authorization Agreement, the Taiwan subsidiary also entered into both a Credit Authorization Agreement (the “2022 Credit Authorization Agreement”) and Credit Authorization Approval Notice (the “2022 Credit Authorization Approval Notice”) with Mega Bank and an associated branch of Mega Bank, respectively. Pursuant to such Agreement and Notice, Mega Bank permits the Taiwan subsidiary to make drawdowns up to the 2022 Credit Limit for short-term loans for material purchases with a tenor not to exceed 120 days on a revolving basis. Drawdowns may be made through March 2023. The interest rate for each individual credit authorization is adjusted according to the Mega Bank’s USD basic loan interest rate at the time of signing the agreement which was 0.90% per annum. Interest on such drawdowns is based upon TAIFX OFFER for six months plus 0.23% then divided by 0.946, subject to periodic adjustment and adjustment in certain other circumstances, such as failure to maintain a sufficient balance in a demand deposit account with Mega Bank which are subject to the bank’s right of set off. The interest rate shall be adjusted once every month but shall not be lower than the USD basic loan interest rate plus 0.1%. If the loan involves the acceptance of a bill of exchange, the Company would be required to pay a handling fee at the annual rate of 0.75% calculated based on the number of actual acceptance days. The fee is paid in full upon acceptance and a minimum handling fee of NTD 400 is charged for each transaction. Amounts borrowed are otherwise unsecured, and the 2022 Credit Authorization Agreement has customary default provisions permitting Mega Bank to reduce the extension of credit, shorten the term for loan repayment or declare all of the amounts immediately due and payable. The Company is not a guarantor under the 2022 Credit Authorization Agreement or 2022 Credit Authorization Approval Notice.

On June 17, 2023, the Company through its Taiwan subsidiary, entered into a new Omnibus Credit Authorization Agreement (the “2023 Omnibus Authorization Agreement) and a Credit Authorization Approval Notice (the “2023 Credit Authorization Approval Notice”) with Mega Bank with the same 2022 Credit Limit which replaced the 2022 Omnibus Credit Authorization Agreement. Pursuant to such 2023 Credit Authorization Approval Notice, the associated Mega Bank branch permits the Taiwan subsidiary to make drawdowns up to the Credit Limit for short-term loans for material purchases and operating revolving with a tenor not to exceed 120 days for material purchases and 180 days on a revolving basis. Interest on material purchases drawdown denominated in US dollar is based upon TAIFX OFFER for either three or six months and operating revolving drawdown denominated in New Taiwan dollar is based upon TAIBOR OFFER for either three or six months, subject to periodic adjustment and adjustment in certain other circumstances, such as failure to maintain a sufficient balance in a demand deposit account with Mega Bank which are subject to the bank’s right of set off. Amounts borrowed are otherwise unsecured. The Company is not a guarantor under the 2023 Credit Authorization Approval Notice.

As of June 30, 2023, the amount outstanding under the 2023 Credit Authorization Agreement was $0.0 million. As of June 30, 2023, there was no amount outstanding under the 2022 Credit Authorization Agreement. As of June 30, 2022, the amount outstanding under the 2022 Credit Authorization Agreement was $3.5 million. The interest rates for the fiscal year ended June 30, 2023 and June 30, 2022, were 2.55% and 1.85% per annum, respectively. As of June 30, 2023, the amount available for future borrowing under the Credit Limit was $20.0 million.
Principal payments on short-term and long-term debt obligations are due as follows (in thousands):

Fiscal Year:Principal Payments
2024$170,123 
202542,461 
202642,461 
202718,447 
20286,222 
2029 and thereafter10,588 
Total short-term and long-term debt$290,302 
v3.23.2
Leases
 12 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Leases Leases
The Company leases offices, warehouses and other premises, vehicles and certain equipment leased under non-cancelable operating leases. Operating lease expense recognized, and supplemental cash flow information related to operating leases for the years ended June 30, 2023 and 2022 were as follows (in thousands):
Years Ended June 30,
20232022
Operating lease expense (including expense for lease agreements with related parties of $561 and $711 for the years ended June 30, 2023 and 2022, respectively)
$8,299 $8,265 
Cash payments for operating leases (including payments to related parties of $524 and $766 for the years ended June 30, 2023 and 2022, respectively)
8,275 8,007 
New operating lease assets obtained in exchange for operating lease liabilities 3,197 11,151 
During the years ended June 30, 2023 and 2022, the Company's costs related to short-term lease arrangements for real estate and non-real estate assets were immaterial. Non-lease variable payments expensed in the years ended June 30, 2023, 2022 and 2021 were $1.8 million, $1.1 million and $1.8 million, respectively.
As of June 30, 2023, the weighted average remaining lease term for operating leases was 3.0 years and the weighted average discount rate was 3.1%. Maturities of operating lease liabilities under noncancelable operating lease arrangements as of June 30, 2023, were as follows (in thousands):
Fiscal Year:Maturities of operating leases
2024$7,756 
20257,129 
20263,000 
20271,575 
2028536
Total future lease payments$19,996 
Less: Imputed interest(836)
Present value of operating lease liabilities$19,160 
    
As of June 30, 2023, commitments under short-term lease arrangements and operating and financing leases that have not yet commenced were immaterial.

The Company has entered into lease agreements with related parties. See Part II, Item 8, Note 9, "Related Party Transactions" for a further discussion.
v3.23.2
Related Party Transactions
 12 Months Ended
Jun. 30, 2023
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
The Company has a variety of business relationships with Ablecom and Compuware. Ablecom and Compuware are both Taiwan corporations. Ablecom is one of the Company’s major contract manufacturers; Compuware is both a distributor of the Company’s products and a contract manufacturer for the Company. Ablecom’s Chief Executive Officer, Steve Liang, is the brother of Charles Liang, the Company’s President, Chief Executive Officer and Chairman of the Board. Steve Liang and his family members owned approximately 28.8% of Ablecom’s stock and Charles Liang and his spouse, Sara Liu, who is also an officer and director of the Company, collectively owned approximately 10.5% of Ablecom’s capital stock as of June 30, 2023. Bill Liang, a brother of both Charles Liang and Steve Liang, is a member of the Board of Directors of Ablecom. Bill Liang is also the Chief Executive Officer of Compuware, a member of Compuware’s Board of Directors and a holder of a significant equity interest in Compuware. Steve Liang is also a member of Compuware’s Board of Directors and is an equity holder of Compuware. Neither Charles Liang nor Sara Liu own any capital stock of Compuware and the Company does not own any of Ablecom or Compuware's capital stock.

Dealings with Ablecom

The Company has entered into a series of agreements with Ablecom, including multiple product development, production and service agreements, product manufacturing agreements, manufacturing services agreements and lease agreements for warehouse space.

Under these agreements, the Company outsources to Ablecom a portion of its design activities and a significant part of its server chassis manufacturing as well as an immaterial portion of other components. Ablecom manufactured approximately 91.9%, 88.2% and 91.8% of the chassis included in the products sold by the Company during fiscal years 2023, 2022 and 2021, respectively. With respect to design activities, Ablecom generally agrees to design certain agreed-upon products according to the Company’s specifications, and further agrees to build the tools needed to manufacture the products. The Company pays Ablecom for the design and engineering services, and further agrees to pay Ablecom for the tooling. The Company retains full ownership of any intellectual property resulting from the design of these products and tooling.

With respect to the manufacturing aspects of the relationship, Ablecom purchases most of materials needed to manufacture the chassis from third parties and the Company provides certain components used in the manufacturing process (such as power supplies) to Ablecom through consignment or sales transactions. Ablecom uses these materials and components to manufacture the completed chassis and then sell them back to the Company. For the components purchased from the Company, Ablecom sells the components back to the Company at a price equal to the price at which the Company sold the components to Ablecom. The Company and Ablecom frequently review and negotiate the prices of the chassis the Company purchases from Ablecom. In addition to inventory purchases, the Company also incurs other costs associated with design services, tooling and other miscellaneous costs from Ablecom.

The Company’s exposure to financial loss as a result of its involvement with Ablecom is limited to potential losses on its purchase orders in the event of an unforeseen decline in the market price and/or demand of the Company’s products such that the Company incurs a loss on the sale or cannot sell the products. Outstanding cancellable and non-cancellable purchase orders from the Company to Ablecom on June 30, 2023 were $37.4 million and $23.7 million, respectively, and outstanding cancellable and non-cancellable purchase orders from the Company to Ablecom on June 30, 2022 were $39.5 million and $36.0 million, respectively, effectively representing the exposure to financial loss. The Company does not directly or indirectly guarantee any obligations of Ablecom, or any losses that the equity holders of Ablecom may suffer. Since Ablecom manufactures substantially all the chassis that the Company incorporates into its products, if Ablecom were to suddenly be unable to manufacture chassis for the Company, the Company’s business could suffer if the Company is unable to quickly qualify substitute suppliers who can supply high-quality chassis to the Company in volume and at acceptable prices.

Dealings with Compuware

The Company has entered into a distribution agreement with Compuware, under which the Company appointed Compuware as a non-exclusive distributor of the Company’s products in Taiwan, China and Australia. Compuware assumes the responsibility to install the Company's products at the site of the end customer, if required, and administers customer support in exchange for a discount from the Company's standard price for its purchases.
The Company also has entered into a series of agreements with Compuware, including multiple product development, production and service agreements, product manufacturing agreements, and lease agreements for office space.

Under these agreements, the Company outsources to Compuware a portion of its design activities and a significant part of its power supplies manufacturing as well as an immaterial portion of other components. With respect to design activities, Compuware generally agrees to design certain agreed-upon products according to the Company’s specifications, and further agrees to build the tools needed to manufacture the products. The Company pays Compuware for the design and engineering services, and further agrees to pay Compuware for the tooling. The Company retains full ownership of any intellectual property resulting from the design of these products and tooling. With respect to the manufacturing aspects of the relationship, Compuware purchases most of materials needed to manufacture the power supplies from outside markets and uses these materials to manufacture the products and then sell those products to the Company. The Company and Compuware frequently review and negotiate the prices of the power supplies the Company purchases from Compuware.

Compuware also manufactures motherboards, backplanes and other components used on printed circuit boards for the Company. The Company sells to Compuware most of the components needed to manufacture the above products. Compuware uses the components to manufacture the products and then sells the products back to the Company at a purchase price equal to the price at which the Company sold the components to Compuware, plus a “manufacturing value added” fee and other miscellaneous material charges and costs, including overhead and labor. The Company and Compuware frequently review and negotiate the amount of the “manufacturing value added” fee that will be included in the price of the products the Company purchases from Compuware. In addition to the inventory purchases, the Company also incurs costs associated with design services, tooling assets, and miscellaneous costs.

The Company’s exposure to financial loss as a result of its involvement with Compuware is limited to potential losses on its purchase orders in the event of an unforeseen decline in the market price and/or demand of the Company’s products such that the Company incurs a loss on the sale or cannot sell the products. Outstanding cancellable and non-cancellable purchase orders from the Company to Compuware on June 30, 2023 were $156.2 million and $46.8 million, respectively, and outstanding cancellable and non-cancellable purchase orders from the Company to Compuware on June 30, 2022 were $213.3 million and $44.3 million, respectively, effectively representing the exposure to financial loss. The Company does not directly or indirectly guarantee any obligations of Compuware, or any losses that the equity holders of Compuware may suffer.

Dealings with Investment in a Corporate Venture

In October 2016, the Company entered into agreements pursuant to which the Company contributed certain technology rights in connection with an investment in a privately held company located in China to expand the Company's presence in China. The Corporate Venture is 30% owned by the Company and 70% owned by another company in China. The transaction was closed in the third fiscal quarter of 2017 and the investment is accounted for using the equity method. As such, the Corporate Venture is also a related party.

The Company recorded a deferred gain related to the contribution of certain technology rights. There was no balance in the deferred gain in the consolidated balance sheets as of June 30, 2023 and 2022.

The Company monitors the investment for events or circumstances indicative of potential impairment and makes appropriate reductions in carrying values if it determines that an impairment charge is required. In June 2020, the third-party parent company that controls the Corporate Venture was placed on a U.S. government export control list, along with several of such third-party parent's related entities and a separate listing for one of its subsidiaries. The Corporate Venture is not itself a restricted party. The Company has concluded that the Corporate Venture is in compliance with the new restrictions. The Company does not believe that the equity investment carrying value is impacted as of June 30, 2023. No impairment charge was recorded for the fiscal years ended June 30, 2023 and 2022. As of June 30, 2023 and 2022, the investment in this Corporate Venture was $2.0 million and $5.3 million, respectively.
The Company sold products worth $24.2 million, $121.0 million, and $51.2 million to the Corporate Venture in the fiscal years 2023, 2022 and 2021, respectively, and the Company's share of intra-entity profits on the products that remained unsold by the Corporate Venture as of June 30, 2023 and June 30, 2022 have been eliminated and have reduced the carrying value of the Company's investment in the Corporate Venture. To the extent that the elimination of intra-entity profits reduces the investment balance below zero, such amounts are recorded within accrued liabilities. The Company had $1.9 million and $8.0 million due from the Corporate Venture in accounts receivable, net as of June 30, 2023 and 2022, respectively.

The Company had the following balances related to transactions with its related parties as of the fiscal years ended June 30, 2023, 2022 and 2021 (in thousands):

AblecomCompuwareCorporate Venture
MPS(3)
Total
Years Ended June 30,Years Ended June 30,Years Ended June 30,Years Ended June 30,Years Ended June 30,
202320222021202320222021202320222021202320222021202320222021
Accounts receivable$2 $2 $2 $3,528 $404 $198 $1,943 $7,992 $8,478 $— $— $— $5,473 $8,398 $8,678 
Other receivable (1)
$2,841 $4,816 $5,575 $24,891 $19,596 $18,173 $— $— $— $— $— $89 $27,732 $24,412 $23,837 
Accounts payable$35,711 $42,463 $38,152 $53,423 $44,892 $31,944 $— $— $— $— $— $— $89,134 $87,355 $70,096 
Accrued liabilities (2)
$1,230 $3,531 $3,042 $12,787 $15,145 $14,486 $— $— $1,000 $— $— $— $14,017 $18,676 $18,528 

(1)Other receivables include receivables from vendors included in prepaid and other current assets.
(2)Includes current portion of operating lease liabilities included in other current liabilities.
(3)The Company procures certain semiconductor products from Monolithic Power Systems, Inc. (“MPS”), a fabless manufacturer of high-performance analog and mixed-signal semiconductors, through its contract manufacturers for use in its products. A former member of the Board of Directors who served until May 18, 2022 also serves as an officer of MPS. As a result, MPS ceased being a related party in the quarter ended September 30, 2022.

The Company's results from transactions with its related parties for each of the fiscal years ended June 30, 2023, 2022 and 2021, are as follows (in thousands):

AblecomCompuwareCorporate Venture
MPS (1)
Total
Years Ended June 30,Years Ended June 30,Years Ended June 30,Years Ended June 30,Years Ended June 30,
202320222021202320222021202320222021202320222021202320222021
Net sales$8 $15 $(23)$36,286 $26,085 $27,865 $24,243 $120,991 $51,176 $— $— $— $60,537 $147,091 $79,018 
Purchases - inventory$167,801 $192,441 $122,243 $216,961 $170,300 $113,400 $— $— $— $— $8,335 $3,915 $384,762 $371,076 $239,558 
Purchases - other miscellaneous items$12,131 $8,265 $8,609 $2,011 $1,455 $1,813 $— $— $— $— $— $— $14,142 $9,720 $10,422 
(1)The Company procures certain semiconductor products from MPS, a fabless manufacturer of high-performance analog and mixed-signal semiconductors, through its contract manufacturers for use in its products. A former member of the Board of Directors who served until May 18, 2022 also serves as an officer of MPS. As a result, MPS ceased being a related party in the quarter ended September 30, 2022.
The Company’s cash flow impact from transactions with its related parties for the fiscal years ended June 30, 2023, 2022 and 2021, are as follows (in thousands):
AblecomCompuwareCorporate Venture
MPS(1)
Total
Years Ended June 30,Years Ended June 30,Years Ended June 30,Years Ended June 30,Years Ended June 30,
202320222021202320222021202320222021202320222021202320222021
Changes in accounts receivable$— $— $(29)$(3,124)$(206)$740 $6,049 $486 $(677)$— $— $— $2,925 $280 $34 
Changes in other receivable$1,975 $759 $832 $(5,295)$(1,423)$(4,788)$— $— $— $— $89 $(13)$(3,320)$(575)$(3,969)
Changes in accounts payable$(6,752)$4,311 $1,198 $8,531 $12,948 $(3,470)$— $— $— $— $— $— $1,779 $17,259 $(2,272)
Changes in accrued liabilities$(2,301)$489 $(59)$(2,358)$659 $3,381 $— $(1,000)$(1,000)$— $— $— $(4,659)$148 $2,322 
Changes in other long-term liabilities$— $— $(513)$(321)$499 $(186)$— $— $(1,000)$— $— $— $(321)$499 $(1,699)
Purchases of property, plant and equipment$7,498 $4,678 $7,110 $346 $140 $237 $— $— $— $— $— $— $7,844 $4,818 $7,347 
Unpaid property, plant and equipment$777 $583 $338 $33 $106 $62 $— $— $— $— $— $— $810 $689 $400 

(1)The Company procures certain semiconductor products from MPS, a fabless manufacturer of high-performance analog and mixed-signal semiconductors, through its contract manufacturers for use in its products. A former member of the Board of Directors who served until May 18, 2022 also serves as an officer of MPS. As a result, MPS ceased being a related party in the quarter ended September 30, 2022.

Tripartite Agreement

On November 8, 2021, Super Micro Computer Inc., Taiwan (the “Subsidiary”), a Taiwan corporation and wholly-owned subsidiary of the Company, entered into a Tripartite Agreement (the “Agreement”) with Ablecom and Compuware related to a three-way purchase of land. Ablecom advised that its underlying agreements to acquire land from the third-party landowners in proximity to the Company’s campus in Bade, Taiwan have been terminated, and during the quarter ended December 31, 2022, the Agreement was terminated.
v3.23.2
Stock-based Compensation and Stockholders' Equity
 12 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation and Stockholders' Equity Stock-based Compensation and Stockholders’ Equity
Equity Incentive Plan

On June 5, 2020, the stockholders of the Company approved the 2020 Equity and Incentive Compensation Plan (the "Original 2020 Plan"). The maximum number of shares available under the Original 2020 Plan was 5,000,000 plus 1,045,000 shares of common stock that remained available for future awards under the 2016 Equity Incentive Plan (the “2016 Plan”), at the time of adoption of the Original 2020 Plan. No other awards can be granted under the 2016 Plan and 7,246,000 shares of common stock remain reserved for outstanding awards issued under the Original 2016 Plan at the time of adoption of the Original 2020 Plan. On May 18, 2022, the stockholders of the Company approved an amendment and restatement of the Original 2020 Plan (as amended and restated, the “2020 Plan”) which, among other things, increased the number of shares available for award under the 2020 Plan by an additional 2,000,000 shares.

Under the 2020 Plan, the Company can grant stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares, performance units, dividend equivalents, and certain other awards, including those denominated or payable in, or otherwise based on, the Company’s common stock. The exercise price per share for incentive stock options granted to employees owning shares representing more than 10% of the Company's outstanding voting stock at the time of grant cannot be less than 110% of the fair value of the underlying shares on the grant date. Nonqualified stock options and incentive stock options granted to all other persons are granted at a price not less than 100% of the fair value. Options generally expire ten years after the date of grant. Stock options and RSUs generally vest over four years; 25% at the end of one year and one sixteenth per quarter thereafter.
As of June 30, 2023, the Company had 2,000,549 authorized shares available for future issuance under the 2020 Plan.

Common Stock Repurchase and Retirement

On January 29, 2021, a duly authorized subcommittee of the Board approved a share repurchase program to repurchase up to an aggregate of $200.0 million of the Company's common stock at market prices. The program was effective until July 31, 2022 or if earlier, until the maximum amount of common stock is repurchased (the "Prior Repurchase Program"). 1,391,171 shares of common stock were repurchased and retired for an aggregate $50.0 million as of June 30, 2021. The Company had $150.0 million of remaining availability under the Prior Repurchase Program as of June 30, 2022. There were no shares repurchased under the Prior Repurchase Program during fiscal year 2022, and the remainder of such Prior Repurchase Program expired on July 31, 2022.

During the fiscal year ended June 30, 2021, the Company repurchased and retired 4,209,211 shares of common stock for an aggregated $130.0 million. Additionally, the Company retired 1,333,125 shares of common stock repurchased in prior years.

On August 3, 2022, after the expiration of a prior share repurchase program on July 31, 2022, a duly authorized subcommittee of the Company's Board approved a new share repurchase program to repurchase shares of the Company’s common stock for up to $200 million at prevailing prices in the open market. The share repurchase program is effective until January 31, 2024 or until the maximum amount of common stock is repurchased, whichever occurs first. Under the common stock repurchase program, shares may be purchased from time to time in open market transactions, block trades, through plans established under the Securities Exchange Act Rule 10b5-1, or otherwise. The number of shares purchased and the timing of such purchases are based on working capital requirements, market and general business conditions, and other factors, including alternative investment opportunities.

During the fiscal year ended June 30, 2023, the Company repurchased and retired 1,553,350 shares of common stock for an aggregated $150.0 million. As of June 30, 2023, $50.0 million was available for additional repurchases of common stock.

Determining Fair Value

The Company's fair value of RSUs and PRSUs is based on the closing market price of the Company's common stock on the date of grant. The Company estimates the fair value of stock options granted using the Black-Scholes-option-pricing model. This fair value is then amortized ratably over the requisite service periods of the awards, which is generally the vesting period. The key inputs in using the Black-Scholes-option-pricing model were as follows:

Expected Term—The Company’s expected term represents the period that the Company’s stock-based awards are expected to be outstanding and was determined based on the Company's historical experience.

Expected Volatility—Expected volatility is based on the Company's implied and historical volatility.

Expected Dividend—The Black-Scholes valuation model calls for a single expected dividend yield as an input and the Company has no plans to pay dividends.

Risk-Free Interest Rate—The risk-free interest rate used in the Black-Scholes valuation method is based on the United States Treasury zero coupon issues in effect at the time of grant for periods corresponding with the expected term of option.
The fair value of stock option grants for the fiscal years ended June 30, 2023, 2022 and 2021 was estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions:
 
 Years Ended June 30,
 202320222021
Risk-free interest rate
2.81% - 4.25%
0.81% - 3.02%
0.27% - 1.09%
Expected term6.07 years6.09 years5.98 years
Dividend yield— %— %— %
Volatility
50.62% - 53.47%
49.69% - 50.13%
50.03% - 50.43%
Weighted-average fair value$62.08 $20.25 $14.92 

The following table shows total stock-based compensation expense included in the consolidated statements of operations for the fiscal years ended June 30, 2023, 2022 and 2021 (in thousands):
 
 Years Ended June 30,
 202320222021
Cost of sales$4,574 $1,876 $1,762 
Research and development30,736 16,571 14,030 
Sales and marketing4,599 2,058 2,022 
General and administrative14,524 12,311 10,735 
Stock-based compensation expense before taxes54,433 32,816 28,549 
Income tax impact(18,106)(12,220)(8,574)
Stock-based compensation expense, net$36,327 $20,596 $19,975 

As of June 30, 2023, $24.0 million of unrecognized compensation cost related to stock options is expected to be recognized over a weighted-average period of 2.78 years and $102.7 million of unrecognized compensation cost related to unvested RSUs is expected to be recognized over a weighted-average period of 2.78 years. Additionally, as described below, $0.7 million of unrecognized compensation cost related to the 2021 CEO Performance Stock Option is expected to be recognized over a period of 0.8 years.

Stock Option Activity

In March 2021, the Company’s Compensation Committee of the Board of Directors (the “Compensation Committee”) approved the grant of a stock option award for 1,000,000 shares of common stock to the Company’s CEO (the “2021 CEO Performance Stock Option”). The 2021 CEO Performance Stock Option has five vesting tranches with a vesting schedule based entirely on the attainment of operational milestones (performance conditions) and market conditions, assuming (1) continued employment either as the CEO or in such capacity as agreed upon between the Company’s CEO and the Board and (2) service through each vesting date. Each of the five vesting tranches of the 2021 CEO Performance Stock Option will vest upon certification by the Compensation Committee that both (i) the market price milestone for such tranche, which begins at $45.00 per share for the first tranche and increases up to $120.00 per share thereafter (based on a 60 trading day average stock price), has been achieved, and (ii) any one of five operational milestones focused on total revenue, as reported under U.S. GAAP, have been achieved for the previous four consecutive fiscal quarters. Upon vesting and exercise, including the payment of the exercise price of $45.00 per share, prior to March 2, 2024, the Company’s CEO must hold shares that he acquires until March 2, 2024, other than those shares sold pursuant to a cashless exercise where shares are simultaneously sold to pay for the exercise price and any required tax withholding.
The achievement status of the operational and stock price milestones as of June 30, 2023, was as follows:

Annualized Revenue Milestone
Achievement Status
Stock Price Milestone
Achievement Status
(in billions)
$4.0
Achieved
$45
Achieved (1)
$4.8Achieved
$60
Achieved (2)
$5.8
Achieved
$75
Achieved (3)
$6.8
Achieved
$95
Achieved (4)
$8.0
Probable
$120
Achieved (5)

(1)The vesting of the first tranche of 200,000 option shares under the 2021 CEO Performance Stock Option, representing one-fifth of such award, was certified by the Company's Compensation Committee in August 2022.
(2)The vesting of the second tranche of 200,000 option shares under the 2021 CEO Performance Stock Option representing one-fifth of such award was certified by the Company's Compensation Committee in October 2022.
(3)The vesting of the third tranche of 200,000 option shares under the 2021 CEO Performance Stock Option representing one-fifth of such award was certified by the Company's Compensation Committee in January 2023.
(4)On April 25, 2023, the Company’s Compensation Committee certified achievement of the $95 stock price milestone based upon the 60 trading day average stock price from January 20, 2023 through April 17, 2023. The achievement of the $6.8 billion annualized revenue milestone is expected to be certified by the Company’s Compensation Committee after the Annual Report on Form 10-K for the year ended June 30, 2023, is filed with the SEC. At such time, the Company’s Compensation Committee is also expected to certify the vesting of the fourth tranche of 200,000 option shares under the 2021 CEO performance Stock Option representing one-fifth of such award.
(5)On June 19, 2023, the Compensation Committee certified achievement of the $120 stock price milestone based upon the 60 trading day average stock price from March 6, 2023 through May 30, 2023.

On the grant date, a Monte Carlo simulation was used to determine for each tranche (i) a fixed expense amount for such tranche and (ii) the future time when the market price milestone for such tranche was expected to be achieved, or its “expected market price milestone achievement time.” Separately, based on a subjective assessment of the Company’s future financial performance, each quarter, the Company will determine whether achievement is probable for each operational milestone that has not previously been achieved or deemed probable of achievement, and, if so, the future time when the Company expects to achieve that operational milestone, or its “expected operational milestone achievement time.” When the Company first determines that an operational milestone has become probable of being achieved, the Company will allocate the entire expense for the related tranche over the number of quarters between the grant date and the then-applicable “expected vesting time.” The “expected vesting time” at any given time is the later of (i) the expected operational milestone achievement time (if the related operational milestone has not yet been achieved) and (ii) the expected market price milestone achievement time (if the related market price milestone has not yet been achieved). The Company will immediately recognize a catch-up expense for all accumulated expenses from the grant date through the quarter in which the operational milestone was first deemed probable of being achieved. Each quarter thereafter, the Company will recognize the prorated portion of the then-remaining expense for the tranche based on the number of quarters between such quarter and the then-applicable expected vesting time, except that upon vesting of a tranche, all remaining expenses for that tranche will be immediately recognized.

During the fiscal year ended June 30, 2023, the Company recognized compensation expense related to the 2021 CEO Performance Stock Option of $4.9 million. As of June 30, 2023 and 2022, the Company had $0.7 million and $5.6 million, respectively, in unrecognized compensation cost related to the 2021 CEO Performance Stock Option. The unrecognized compensation cost as of June 30, 2023 is expected to be recognized over a period of 0.8 years.
The following table summarizes stock option activity during the fiscal years ended June 30, 2023, 2022 and 2021 under all plans:
 
Options
Outstanding		Weighted
Average
Exercise
Price per
Share		Weighted
Average
Remaining
Contractual
Term
(in Years)		Aggregate
Intrinsic
Value
(in thousands)
Balance as of June 30, 2020
5,379,768 $19.38 
Granted1,517,110 $40.49 
Exercised(1,645,800)$17.25 
Forfeited/Cancelled(75,524)$24.43 
Balance as of June 30, 2021
5,175,554 $26.17 
Granted489,940 $40.23 
Exercised(1,197,756)$17.82 
Forfeited/Cancelled(156,322)$30.47 
Balance as of June 30, 2022
4,311,416 $29.99 
Granted478,417 $74.98 
Exercised(1,454,811)$20.94 
Forfeited/Cancelled(32,489)$32.36 
Balance as of June 30, 20233,302,533 $40.47 6.49$15,731 
Options vested and exercisable at June 30, 20231,988,026 $32.03 5.19$14,741 

The total pretax intrinsic value of options exercised during the fiscal year ended June 30, 2023, 2022 and 2021 was $110.1 million, $29.6 million and $24.3 million, respectively. Additional information regarding options outstanding as of June 30, 2023, is as follows:
 Options OutstandingOptions Vested and Exercisable
Range of
Exercise Prices		Number
Outstanding		Weighted-
Average
Remaining
Contractual
Term (Years)		Weighted-
Average
Exercise
Price Per
Share		Number
Exercisable		Weighted-
Average
Exercise
Price Per
Share
$11.76 - $20.54
345,584 3.35$17.17 338,383 $17.15 
$20.80 - $25.40
355,430 5.17$22.98 317,107 $22.93 
$25.44 - $30.33
422,171 3.94$27.59 383,610 $27.31 
$33.36 - $37.88
368,194 4.80$35.82 244,029 $35.56 
$38.50 - $42.35
291,527 8.35$40.12 84,931 $39.85 
$45.00 - $45.00
1,000,000 7.67$45.00 600,000 $45.00 
$52.15 - $76.63
281,212 9.16$60.14 19,966 $53.30 
$78.25 - $78.25
96,080 9.57$78.25 — $— 
$93.28 - $93.28
134,835 9.82$93.28 — $— 
$137.23 - $137.23
7,500 9.85$137.23 — $— 
$11.76 - $137.23
3,302,533 6.49$40.47 1,988,026 $32.03 
RSU and PRSU Activity

In March 2020, the Compensation Committee granted a PRSU award to one of the Company's senior executives. The award vests in two tranches and includes service and performance conditions. Each tranche has 15,000 RSUs that vest in May 2021 and November 2021 based on service conditions only. Additional units can be earned based on revenue growth percentage in fiscal year 2020 compared to fiscal year 2019, which units would vest in May 2021, and based on revenue growth percentage in fiscal year 2021 compared to fiscal year 2020, which units have vested in November 2021. No additional units were earned for fiscal year 2020 as revenue decreased from fiscal year 2019. An additional 2,939 units were earned for fiscal year 2021 that vested on November 10, 2021.    

The following table summarizes RSUs and PRSUs activity during the fiscal years ended June 30, 2023, and 2022 under all plans: 
Time-based RSUs OutstandingWeighted
Average
Grant-Date Fair Value per Share		PRSUs OutstandingWeighted
Average
Grant-Date Fair Value per Share
Balance as of June 30, 20201,768,027 $20.08 42,000 $22.29 
Granted1,334,418 $31.54 30,000 $34.27 
Released(984,406)$21.63 (27,000)$23.36 
Forfeited(263,083)$25.01 (30,000)$20.37 
Balance as of June 30, 20211,854,956 $26.79 15,000 $34.27 
Granted1,121,451 $38.99 2,939 $34.27 
Released(745,702)$25.16 (17,939)$34.27 
Forfeited(351,632)$30.19 — $— 
Balance as of June 30, 20221,879,073 $33.72 — $— 
Granted1,282,890 $73.21 — $— 
Released(993,635)$37.86 — $— 
Forfeited(125,342)$43.10 — $— 
Balance as of June 30, 20232,042,986 $55.94 — $— 

The total pretax intrinsic value of RSUs and PRSUs vested was $95.0 million, $33.1 million and $32.6 million for the fiscal years ended June 30, 2023, 2022 and 2021, respectively. In fiscal years 2023, 2022 and 2021, the Company withheld 304,752, 232,461 and 274,620 shares with value equivalent to the employees' minimum statutory obligation for the applicable income and other employment taxes from the vesting and release of 993,635, 763,641 and 1,011,406 RSUs and PRSUs, respectively, and remitted the cash to the appropriate taxing authorities. The total shares withheld were based on the value of the RSUs on their respective vesting dates as determined by the Company's closing stock price. Total payments for the employees' tax obligations to tax authorities were $28.2 million, $10.1 million and $8.7 million for the fiscal years ended June 30, 2023, 2022 and 2021, respectively, and are reflected as a financing activity within the consolidated statements of cash flows. Pursuant to the terms of the 2020 and 2016 Plan, shares withheld in connection with net-share settlements are returned to the 2020 and 2016 Plan, respectively, and are available for future grants under the 2020 Plan.
v3.23.2
Income Taxes
 12 Months Ended
Jun. 30, 2023
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The components of income before income tax provision for the fiscal years ended June 30, 2023, 2022 and 2021 are as follows (in thousands):
 Years Ended June 30,
 202320222021
United States$632,237 $250,513 $80,922 
Foreign122,060 86,320 37,706 
Income before income tax provision$754,297 $336,833 $118,628 

The income tax provision for the fiscal years ended June 30, 2023, 2022 and 2021, consists of the following (in thousands):
 Years Ended June 30,
 202320222021
Current:
Federal$149,217 $34,711 $3,406 
State23,096 4,327 1,077 
Foreign31,063 20,495 10,843 
203,376 59,533 15,326 
Deferred:
Federal(80,975)(4,030)(5,489)
State(9,633)(257)(409)
Foreign(2,102)(2,370)(2,492)
(92,710)(6,657)(8,390)
Income tax provision$110,666 $52,876 $6,936 
The Company’s net deferred tax assets as of June 30, 2023 and 2022 consist of the following (in thousands):
 June 30,
 20232022
Research and development credits$34,722 $33,080 
Deferred revenue32,376 24,370 
Inventory valuation23,022 16,792 
Capitalized research and development costs94,050 14,589 
Stock-based compensation4,589 3,762 
Lease obligations3,162 4,035 
Accrued vacation and bonus5,310 6,052 
Prepaid and accrued expenses— 1,298 
Warranty accrual3,038 2,134 
Bad debt and other reserves910 1,183 
Marketing fund accrual1,436 1,308 
Other5,978 5,169 
Total deferred income tax assets208,593 113,772 
Deferred tax liabilities-depreciation and other(6,216)(6,259)
Right of use asset(3,044)(3,919)
Valuation allowance(36,679)(33,665)
Deferred income tax assets, net$162,654 $69,929 

The Company assesses its deferred tax assets for recoverability on a regular basis, and where applicable, a valuation allowance is recorded to reduce the total deferred tax asset to an amount that will, more likely than not, be realized in the future. As of June 30, 2023, the Company believes that most of its deferred tax assets are “more-likely-than not” to be realized with the exception of state research and development tax credits that have not met the “more-likely than not” realization threshold criteria. As a result, at June 30, 2023, the gross excess credits of $43.9 million, or net of federal tax benefit of $34.7 million, were subject to a full valuation allowance. At June 30, 2022, the gross excess credits of $42.0 million, or net of federal tax benefit of $33.2 million, were subject to a full valuation allowance. The change in valuation allowance is $3.0 million and $3.8 million for the fiscal years ended June 30, 2023 and 2022, respectively. The Company will continue to review its deferred tax assets in accordance with the applicable accounting standards. The net deferred tax assets balance as of June 30, 2023 and 2022 was $162.7 million and $69.9 million, respectively.

Under U.S. GAAP, the Company is allowed to make an accounting policy choice of either (i) treating taxes due on future U.S. inclusions in taxable income related to Global Intangible Low-Taxed Income ("GILTI") as a current-period expense when incurred (the “period cost method”) or (ii) factoring such amounts into the measurement of its deferred taxes. The Company's selection of an accounting policy with respect to the GILTI tax rules is to treat GILTI tax as a current period expense under the period cost method.

The Tax Cuts and Jobs Act of 2017 eliminated the option to deduct research and development ("R&D") expenses in the year incurred and instead requires taxpayers to capitalize R&D expenses, including software development cost, and subsequently amortize such expenses over five years for R&D activities conducted in the United States and over fifteen years for R&D activities conducted outside of the United States beginning in the Company's fiscal year 2023. Although Congress has considered legislation that would defer, modify, and repeal the capitalization and amortization requirement, there is no assurance the provision will be deferred, repealed, or otherwise modified.

Additionally, as the result of the new R&D capitalization tax law effective in 2022, the capitalized amounts resulted in increased current year taxable income, that are deductible as amortized in future periods. The Company recorded a deferred tax asset for the capitalized R&D expenditures.

On August 16, 2022, the United States enacted the Inflation Reduction Act of 2022 (“IRA”), which, among other things, implemented a 15% minimum tax on book income of certain large corporations, a 1% excise tax on net stock repurchases, and several tax incentives to promote clean energy. The provisions of the IRA had no impact to the Company's fiscal 2023 income tax provision.
Under the 2017 Tax Reform Act, starting on July 1, 2018, the Company is no longer subject to federal income tax on earnings remitted from its foreign subsidiaries. The Company previously asserted that all its foreign undistributed earnings were indefinitely reinvested. As a result of the 2017 Tax Reform Act, the Company has determined that its foreign undistributed earnings are indefinitely reinvested except for Netherlands. The Company may repatriate foreign earnings from Netherlands which are previously taxed income as a result of the 2017 Tax Reform Act. The tax impact of such repatriation is estimated to be immaterial.

The following is a reconciliation for the fiscal years ended June 30, 2023, 2022 and 2021, of the statutory rate to the Company’s effective federal tax rate:
 Years Ended June 30,
 202320222021
Income tax provision at statutory rate21.0 %21.0 %21.0 %
State income tax, net of federal tax benefit1.1 0.9 0.3 
Foreign rate differential0.8 (0.3)(0.5)
Research and development tax credit(3.3)(3.9)(10.5)
Uncertain tax positions, net of (settlement) with Tax Authorities0.1 0.3 2.0 
Foreign derived intangible / Subpart F income inclusion(1.9)(1.4)(2.5)
Stock-based compensation(3.4)(1.5)(3.3)
Provision to return true-up(0.1)0.1 (1.9)
Other, net0.4 0.5 1.2 
Effective tax rate14.7 %15.7 %5.8 %

As of June 30, 2023, the Company had state research and development tax credit carryforwards of $56.5 million. The state research and development tax credits will carryforward indefinitely to offset future state income taxes.
The following table summarizes the activity related to the unrecognized tax benefits (in thousands):
 Gross*
Unrecognized
Income Tax
Benefits
Balance at June 30, 2020$27,206 
Gross increases:
For current year’s tax positions13,333 
For prior years’ tax positions1,439 
Gross decreases:
     Decreases due to lapse of statute of limitations(1,243)
Balance at June 30, 202140,735 
Gross increases:
For current year’s tax positions2,392 
Gross decreases:
Decreases due to settlements with taxing authority(4,090)
Decreases due to lapse of statute of limitations(1,036)
Balance at June 30, 202238,001 
Gross increases:
For current year’s tax positions6,632 
For prior years’ tax positions1,616 
Gross decreases:
Decreases due to settlements with taxing authority(2,077)
Decreases due to lapse of statute of limitations(1,429)
Balance at June 30, 2023$42,743 

*excludes interest, penalties, federal benefit of state reserves 
        
The total amount of unrecognized tax benefits that would affect the effective tax rate, if recognized, was $25.4 million and $23.5 million as of June 30, 2023 and 2022, respectively.

The Company’s policy is to include interest and penalties related to unrecognized tax benefits within the income tax provision in the consolidated statements of operations. As of June 30, 2023 and 2022, the Company had accrued $3.5 million and $3.1 million for the payment of interest and penalties relating to unrecognized tax benefits, respectively.

In October 2019, the Taiwan tax authority completed its audit in Taiwan for fiscal year 2018 and proposed a transfer pricing adjustment on the Company which resulted in additional tax liability of $1.6 million. The Company accepted the proposed adjustment in October 2019 and paid the $1.6 million tax liability in February 2020. In February 2020, the Taiwan tax authority completed its audit in Taiwan for fiscal year 2019 and proposed a transfer pricing adjustment on the Company which resulted in additional tax liability of $1.0 million. The Company accepted the proposed adjustment and paid the $1.0 million tax liability in February 2020. The impact of these adjustments on the income statement was offset by the release of previously unrecognized tax benefits related to the fiscal years audited in the periods in which the proposed adjustments were accepted. Besides the $2.6 million tax liability paid for fiscal year 2018 and fiscal year 2019 audit, the Company paid $1.5 million additional tax liability for fiscal year 2017 under the same Taiwan tax audit. Total audit settlement in Taiwan was $4.2 million, which was paid by February 2020. The additional tax liability was recorded as tax provision on Super Micro Computer Inc. BV’s books for its foreign permanent establishment in fiscal year 2017 to 2019.

In December 2022, the Company received an updated audit decision letter from the Taiwan tax authority. The letter confirmed the same amount of assessment of $4.2 million that the Company paid by February 2020, but the tax liability is for the Taiwan subsidiary’s missing reporting of book income instead of the Netherlands BV subsidiary’s permanent establishment. The Company accepted the change of the decision. Consequently, the Company made an intercompany adjustment on tax provision between Super Micro Computer Inc. BV and the Company’s Taiwan subsidiaries. On the top of this intercompany transfer pricing charge, the Company
released $2.0 million tax reserve for Super Micro Computer Inc. BV's foreign permanent establishment tax uncertain reserve, and trued-up $1.0 million additional tax reserve on Super Micro Computer Inc. BV’s books for the unsettled audit with the Netherlands tax authority. The Company expects settlement from the Netherlands tax authority in early fiscal year 2024.

The Company believes that it has adequately provided reserves for all uncertain tax positions; however, amounts asserted by tax authorities could be greater or less than the Company’s current position. Accordingly, the Company’s provision on federal, state and foreign tax related matters to be recorded in the future may change as revised estimates are made or as the underlying matters are settled or otherwise resolved.

The federal statute of limitations remains open in general for tax years ended June 30, 2020 through 2022. Various states statute of limitations remains open in general for tax years ended June 30, 2019 through 2022. Certain statutes of limitations in major foreign jurisdictions remain open in general for the tax years ended June 30, 2017 through 2022. It is reasonably possible that our gross unrecognized tax benefits will decrease by approximately $3.0 million, in the next 12 months, due to the lapse of the statute of limitations. These adjustments, if recognized, would positively impact our effective tax rate, and would be recognized as additional tax benefits.
v3.23.2
Commitments and Contingencies
 12 Months Ended
Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Litigation and Claims— On February 8, 2018, two putative class action complaints were filed against the Company, the Company's Chief Executive Officer, and the Company's former Chief Financial Officer in the U.S. District Court for the Northern District of California (Hessefort v. Super Micro Computer, Inc., et al., No. 18-cv-00838 and United Union of Roofers v. Super Micro Computer, Inc., et al., No. 18-cv-00850). The complaints contain similar allegations, claiming that the defendants violated Section 10(b) of the Securities Exchange Act due to alleged misrepresentations and/or omissions in public statements regarding recognition of revenue. The court subsequently appointed New York Hotel Trades Council & Hotel Association of New York City, Inc. Pension Fund as lead plaintiff. The lead plaintiff then filed an amended complaint naming the Company's Senior Vice President of Investor Relations as an additional defendant. On June 21, 2019, the lead plaintiff filed a further amended complaint naming the Company's former Senior Vice President of International Sales, Corporate Secretary, and Director as an additional defendant. On July 26, 2019, the Company filed a motion to dismiss the complaint. On March 23, 2020, the Court granted the Company’s motion to dismiss the complaint, with leave for lead plaintiff to file an amended complaint within 30 days. On April 22, 2020, lead plaintiff filed a further amended complaint. On June 5, 2020, the Company filed a motion to dismiss the further amended complaint, the hearing for which was calendared for September 23, 2020; however, the Court held a conference on September 15 to discuss how the Court could efficiently address the recent SEC settlement agreement. The parties stipulated to allow plaintiffs to further amend the complaint solely to add allegations relating to the SEC settlement. On October 14, 2020, plaintiffs filed a Fourth Amended Complaint. On October 28, 2020, defendants filed a supplemental motion to dismiss. On March 29, 2021, the Court granted in part and denied in part defendants’ motions to dismiss. Plaintiffs’ claims under Sections 10(b) and 20 of the Exchange Act were dismissed with prejudice as against the Company’s former head of Investor Relations, Perry Hayes. Plaintiffs’ Section 10(b) claim, but not the Section 20 claim, was likewise dismissed as to Wally Liaw, a founder, former director, and former SVP of International Sales. The Court denied the motions to dismiss the Section 10(b) and Section 20 claims against the Company, Charles Liang, and Howard Hideshima, the Company’s former CFO. On March 11, 2022, the Company, together with the individual defendants, agreed in principle with plaintiff’s counsel to settle the action. On April 8, 2022, the parties entered into a stipulation of settlement, pursuant to which and subject to Court approval, plaintiff will dismiss with prejudice and release on behalf of a class of shareholders all claims against defendants, including the Company, in exchange for payment of $18,250,000, of which sum $2,000,000 will be funded by the Company. On May 25, 2022, the Court vacated the hearing on preliminary approval of the proposed settlement scheduled for June 2, 2022, stating that the unopposed motion was suitable for disposition without oral argument. On November 8, 2022, the Court granted preliminary approval and calendared a hearing on March 2, 2023 for final approval, which the Court continued to May 4, 2023. Following the Court granting preliminary approval, settlement funds were transferred into an account controlled by the settlement’s escrow agent to be held until the Court granted final approval. Following the May 4, 2023 hearing, the Court granted final approval in a subsequent order issued on May 5, 2023 which fully resolved the action.

Other legal proceedings and indemnifications

From time to time, the Company has been involved in various legal proceedings arising from the normal course of business activities. The resolution of any such matters have not had a material impact on the Company’s consolidated financial condition, results of operations or liquidity as of June 30, 2023, and any prior periods.

The Company has entered into indemnification agreements with its current and former directors and executive officers.

Under these agreements, the Company has agreed to indemnify such individuals to the fullest extent permitted by law against liabilities that arise by reason of their status as directors or officers and to advance expenses incurred by such individuals in connection with related legal proceedings. It is not possible to determine the maximum potential amount of payments the Company could be required to make under these agreements due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each claim. However, the Company maintains directors' and officers' liability insurance coverage to reduce its exposure to such obligations.

Purchase Commitments - The Company has agreements to purchase inventory and non-inventory items primarily through the next 12 months. As of June 30, 2023, these remaining noncancelable commitments were $2.3 billion, including $70.5 million for related parties.

Lease Commitments - See Part II, Item 8, Note 8, "Leases," for a discussion of the Company's operating lease and financing lease commitments.
v3.23.2
Retirement Plans
 12 Months Ended
Jun. 30, 2023
Retirement Benefits [Abstract]  
Retirement Plans Retirement Plans
The Company sponsors a 401(k) savings plan for eligible United States employees and their beneficiaries. Contributions by the Company are discretionary, and no contributions have been made by the Company for the fiscal years ended June 30, 2023, 2022 and 2021.

Beginning in March 2003, employees of Super Micro Computer, B.V. are required to deduct a portion of their gross wages based on a defined age-dependent premium and invest the amount in a defined contribution plan. The Company is required to match the amount that is deducted monthly from employees’ wages. Similar to contributions into a 401(k) plan, the Company's obligation is limited to the contributions made to the contribution plan. Investment risk and investment rewards are assumed by the employees and not by the Company. For the fiscal years ended June 30, 2023, 2022 and 2021, the Company’s matching contribution was $0.9 million, $0.8 million, and $0.7 million, respectively.

The Company contributes to a defined contribution pension plan administered by the government of Taiwan that covers all eligible employees within Taiwan. Pension plan benefits are based primarily on participants’ compensation and years of service credited as specified under the terms of Taiwan’s plan. The funding policy is consistent with the local requirements of Taiwan. The Company's obligation is limited to the contributions made to the pension plan. The Company has no control over the investment strategy of the assets of the government administered pension plan. For the fiscal years ended June 30, 2023, 2022 and 2021, the Company’s contribution was $3.6 million, $3.4 million and $2.5 million, respectively.

The Company has a defined benefit pension plan under the R.O.C. Labor Standards Law for certain employees of Super Micro Computer, Inc. Taiwan that provides benefits based on an employee’s length of service and average monthly salary for the six-month period prior to retirement. The Company contributes an amount equal to 2% of salaries paid each month to the pension fund (the “Fund”), which is administered by the Labor Pension Fund Supervisory Committee (the “Committee”) and deposited in the Committee’s name in the Bank of Taiwan. Before the end of each year, the Company assesses the balance in the Fund. If the amount of the balance in the Fund is inadequate to pay retirement benefits for eligible employees in the next year, the Company is required to fund the difference in one appropriation that should be made before the end of March 31 of the next year. The Fund is operated and managed by the government’s designated authorities. As such, the Company does not have any right to intervene in the investments of the Fund. For the fiscal years ended June 30, 2023, 2022 and 2021, the Company recorded a pension expense of $(0.1) million, $0.4 million and $1.0 million, respectively.
v3.23.2
Segment Reporting
 12 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company operates in one operating segment that develops and provides high performance server solutions based upon an innovative, modular and open-standard architecture. The Company’s chief operating decision maker is the Chief Executive Officer.

The following is a summary of property, plant and equipment, net (in thousands):
 
 June 30,
 20232022
Long-lived assets:
United States$183,485 $180,846 
Asia104,094 102,241 
Europe2,661 2,885 
$290,240 $285,972 

The Company’s revenue is presented on a disaggregated basis in Part II, Item 8, Note 3, “Revenue” by type of product and by geographical market.
v3.23.2
Organization and Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation
Basis of Presentation

The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The consolidated financial statements of Super Micro Computer include the accounts of Super Micro Computer and entities consolidated under the variable interest model or the voting interest model. Noncontrolling interests are not presented separately in the consolidated statements of operations and consolidated statements of comprehensive income as the amounts are immaterial. All intercompany accounts and transactions of Super Micro Computer and its consolidated entities (collectively, the "Company") have been eliminated in consolidation. For equity investments over which the Company is able to exercise significant influence over the investee but does not control the investee and is not the primary beneficiary of the investee’s activities are accounted for using the equity method. Investments in equity securities which do not have readily determinable fair values and for which the Company is not able to exercise significant influence over the investee are accounted for under the measurement alternative which is the cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or similar securities of the same investee.
Reclassifications Certain prior year balances have been reclassified to conform with the current year financial statement presentation. In order to conform with current period presentation Investment in Equity Investee has been grouped with Other Assets on the consolidated balance sheet as of June 30, 2022. Additionally, certain prior year amounts within cash from operating activities in the consolidated statements of cash flows have been reclassified to conform to current year presentation. These changes in presentation do not affect previously reported results.
Use of Estimates Use of EstimatesU.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Such estimates include, but are not limited to revenue recognition, allowances for credit losses and sales returns, inventory valuation, useful lives of property, plant and equipment, product warranty accruals, stock-based compensation, impairment of investments and long-lived assets, and income taxes. The Company’s estimates are evaluated on an ongoing basis and changes in the estimates are recognized prospectively. Actual results could differ from those estimates. These estimates and judgements have not fluctuated significantly for the fiscal year ended June 30, 2023 compared to prior fiscal years. The Company considered estimates of the economic implications of the COVID-19 pandemic pressures, global economic recession, inflation and increased interest rates on its critical and significant accounting estimates, including an assessment of the collectability of each customer contract as part of the revenue recognition process, assessment of the valuation of accounts receivable, assessment of provision for excess and obsolete inventory and an impairment of long-lived assets.
Fair Value of Financial Instruments
Fair Value of Financial Instruments

The Company accounts for certain assets and liabilities at fair value, which is the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly arms-length transaction between market participants. When measuring fair value, the Company takes into account the characteristics of the asset or liability that a market participant would consider when pricing the asset or liability at the measurement date. The Company considers one or more techniques for measuring fair value: market approach, income approach, and cost approach. The valuation techniques include inputs that are based on three different levels of observability to the market. The Company categorizes each of its fair value measurements in one of these three levels based on the lowest level input that is significant to the fair value measurement in its entirety. These levels are:

•Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;
•Level 2 - Quoted prices in markets that are not active or financial instruments for which all significant inputs are observable, either directly or indirectly; and
•Level 3 - Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.
Accounts receivable and accounts payable are carried at cost, which approximates fair value due to the short maturity of these instruments. Cash equivalents, certificates of deposit and the investment in an auction rate security are carried at fair value. Short-term and long-term debt is carried at amortized cost, which approximates its fair value based on borrowing rates currently available to the Company for loans with similar terms.
Cash and Cash Equivalents, Restricted Cash
Cash and Cash Equivalents

The Company considers all highly liquid instruments with an original maturity of three months or less from the date of purchase to be cash equivalents. Cash equivalents consist primarily of money market funds and certificates of deposit with original maturities of less than three months.

Restricted Cash
Restricted cash is comprised of amounts held in bank accounts which are controlled by the lenders pursuant to the terms of certain debt agreements, certificates of deposit primarily related to leases and customs requirements, and money market accounts held in escrow pursuant to the Company’s workers’ compensation program. These restricted cash balances have been excluded from the Company's cash and cash equivalents balance.
Inventories
Inventories

Inventories are stated at lower of cost, using weighted average cost method, or net realizable value. Net realizable value is the estimated selling price of the Company's products in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Inventories consist of purchased parts and raw materials (principally electronic components), work in process (principally products being assembled) and finished goods. The Company evaluates inventory on a quarterly basis for excess and obsolescence and lower of cost or net realizable value and, as necessary, writes down the valuation of inventories based upon the Company's inventory aging, forecasted usage and sales, anticipated selling price, product obsolescence and other factors. Once inventory is written down, its new value is maintained until it is sold or scrapped.

The Company receives various rebate incentives from certain suppliers based on its contractual arrangements, including volume-based rebates. The rebates earned are recognized as a reduction of cost of inventories and reduce the cost of sales in the period when the related inventory is sold.
Property, Plant and Equipment
Property, Plant and Equipment

Property, plant and equipment is recorded at cost and depreciated using the straight-line method over the estimated useful lives of the related assets as follows:
Software
3 to 5 years
Machinery and equipment
5 to 7 years
Furniture and fixtures
5 years
Buildings39 years
Building improvements
Up to 20 years
Land improvements15 years
Leasehold improvementsShorter of lease term or estimated useful life
Long-Lived Assets Long-Lived AssetsThe Company evaluates its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. When the sum of the undiscounted future net cash flows expected to result from the use of the asset and its eventual disposition is less than its carrying amount, an impairment loss would be measured based on the fair value of the asset compared to the carrying amount.
Revenue Recognition
Revenue Recognition

The Company generates revenues from the sale of server and storage systems, subsystems, accessories, services, server software management solutions, and support services.

Product sales. The Company recognizes revenue from sales of products as control is transferred to customers, which generally happens at the point of shipment or upon delivery, unless customer acceptance is uncertain. Products sold by the Company are delivered via shipment from the Company’s facilities or drop shipment directly to its customers from a Company vendor. The Company may use distributors to sell products to end customers. Revenue from distributors is recognized when the distributor obtains control of the product, which generally happens at the point of shipment or upon delivery.
The Company applies judgment in determining the transaction price as the Company may be required to estimate variable consideration when determining the amount of revenue to recognize. As part of determining the transaction price in contracts with customers, the Company estimates reserves for future sales returns based on a review of its history of actual returns for each major product line. Based upon historical experience, a refund liability is recorded at the time of sale for estimated product returns and an asset is recognized for the amount expected to be recorded in inventory upon product return, less the expected recovery costs. The Company also reduces revenue for the estimated costs of customer and distributor programs and incentive offerings such as price protection and rebates as well as the estimated costs of cooperative marketing arrangements where the fair value of the benefit derived from the costs cannot be reasonably estimated. Any provision for customer and distributor programs and other discounts is recorded as a reduction of revenue at the time of sale based on an evaluation of the contract terms and historical experience.

Services sales. The Company’s sale of services mainly consists of extended warranty and on-site services. Revenue related to extended warranty commences upon the expiration of the standard warranty period and is recognized ratably over the contractual period as the Company stands ready to perform any required warranty service. Revenue related to on-site services commences upon recognition of the product sale and is recognized ratably over the contractual period as the on-site services are made available to the customer. These service contracts are typically one to five years in length. Service revenue has been less than 10% of net sales for all periods presented and is not separately disclosed.

Contracts with multiple promised goods and services. Certain of the Company’s contracts contain multiple promised goods and services. The Company assesses whether each promised good or service is distinct for the purpose of identifying the performance obligations in the contract. This assessment involves subjective determinations and requires management to make judgments about the individual promised goods or services and whether such goods or services are separable from the other aspects of the contractual relationship. Performance obligations in a contract are identified based on the promised goods or services that will be transferred to the customer that are both capable of being distinct, whereby the customer can benefit from the service either on its own or together with other resources that are readily available from third parties or from the Company, and are distinct in the context of the contract, whereby the transfer of the services is separately identifiable from other promises in the contract. If these criteria are not met, the promised goods and services are accounted for as a combined performance obligation. Revenue allocated to each performance obligation is recognized at the time the related performance obligation is satisfied by transferring control of the promised good or service to a customer.

If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. For contracts that contain multiple performance obligations, the Company allocates the transaction price for each customer contract to each performance obligation based on the relative standalone selling price ("SSP") for each performance obligation within each contract. The Company recognizes the amount of transaction price allocated to each performance obligation within a customer contract as revenue at the time the related performance obligation is satisfied by transferring control of the promised good or service to a customer. Determining the relative SSP for contracts that contain multiple performance obligations requires significant judgement. The Company determines SSP based on the price at which the performance obligation is sold separately. If the SSP is not observable through past transactions, the Company applies judgment to estimate the SSP. For substantially all performance obligations, the Company is able to establish the SSP based on the observable prices of products or services sold separately in comparable circumstances to similar customers. The Company typically establishes an SSP range for its products and services, which is reassessed on a periodic basis or when facts and circumstances change. SSP for the Company’s products and services can evolve over time due to changes in its pricing practices, internally approved pricing guidelines with respect to geographies, customer type, internal costs, and gross margin objectives for the related performance obligations which can also be influenced by intense competition, changes in demand for the Company’s products and services, economic and other factors.

When the Company receives consideration from a customer prior to transferring goods or services to the customer, the Company records a contract liability (deferred revenue). The Company also recognizes deferred revenue when it has an unconditional right to consideration (i.e., a receivable) before transfer of control of goods or services to a customer.

The Company considers shipping & handling activities as costs to fulfill the sales of products. Shipping revenue is included in net sales when control of the product is transferred to the customer, and the related shipping and handling costs are included in cost of sales. Taxes imposed by governmental authorities on the Company's revenue producing activities with customers, such as sales taxes and value added taxes, are excluded from net sales and included in operating expenses.
Disaggregation of RevenueThe Company disaggregates revenue by type of product and geographical market in order to depict the nature, amount, and timing of revenue and cash flows. Service revenues, which are less than 10%, are not a significant component of total revenue and are aggregated within the respective categories.
Allowance for Credit Losses Allowance for Credit LossesCustomers are subjected to a credit review process that evaluates each customer’s financial position and ability and intent to pay. On a quarterly basis, the Company makes estimates of its uncollectible accounts receivable by analyzing the aging of accounts receivable, history of bad debts, customer concentrations, customer-credit-worthiness, and current economic trends to evaluate the adequacy of the allowance for credit losses.
Cost of Sales
Cost of Sales

Cost of sales primarily consists of the costs of materials, contract manufacturing, in-bound shipping, personnel and related expenses including stock-based compensation, equipment and facility expenses, warranty costs and provision for lower of cost or net realizable value and excess and obsolete inventory.
Product Warranties Product WarrantiesThe Company offers product warranties typically ranging from 15 to 39 months against any defective products. These standard warranties are assurance type warranties, and the Company does not offer any services beyond the assurance that the product will continue working as specified. Therefore, these warranties are not considered separate performance obligations in the arrangement. Based on historical experience, the Company accrues for estimated returns of defective products at the time revenue is recognized. The Company monitors warranty obligations and may make revisions to its warranty reserve if actual costs of product repair and replacement are significantly higher or lower than estimated. Accruals for anticipated future warranty costs are recorded to cost of sales and included in accrued liabilities and other long-term liabilities. Warranty accruals are based on estimates that are updated on an ongoing basis taking into consideration inputs such as new product introductions, changes in the volume of claims compared with the Company's historical experience, and the changes in the cost of servicing warranty claims. The Company accounts for the effect of such changes in estimates prospectively.
Research and Development Research and DevelopmentResearch and development expenses consist of personnel expenses including salaries, benefits, stock-based compensation and incentive bonuses, and related expenses for the Company's research and development personnel, as well as materials and supplies, consulting services, third-party testing services and equipment and facility expenses related to the Company's research and development activities. All research and development costs are expensed as incurred. The Company occasionally receives funding from certain suppliers and customers towards its development efforts. Such amounts are recorded as a reduction of research and development expenses Software development costs, including costs to develop software sold, leased, or otherwise marketed, that are incurred subsequent to the establishment of technological feasibility are capitalized if significant. Costs incurred during the application development stage for internal-use software are capitalized if significant. Capitalized software development costs are amortized using the straight-line amortization method over the estimated useful life of the applicable software. Such software development costs required to be capitalized have not been material to date.
Advertising Costs Advertising CostsAdvertising costs, net of reimbursements received under the cooperative marketing arrangements with the Company's vendors, are expensed as incurred.
Stock-Based Compensation
Stock-Based Compensation

The Company measures and recognizes compensation expense for all share-based awards made to employees and non-employees, including stock options, restricted stock units ("RSUs") and performance-based restricted stock units (“PRSUs”). The Company recognizes the grant date fair value of all share-based awards over the requisite service period and accounts for forfeitures as they occur. Stock option and RSU awards are recognized to expense on a straight-line basis over the requisite service period. PRSU awards are recognized to expense using an accelerated method only when it is probable that a performance condition is met during the vesting period. If it is not probable, no expense is recognized and the previously recognized expense is reversed. The Company bases initial accrual of compensation expense on the estimated number of PRSUs that are expected to vest over the requisite service period. That estimate is revised if subsequent information indicates that the actual number of PRSUs is likely to differ from previous estimates. The cumulative effect on current and prior periods of a change in the estimated number of PRSUs expected to vest is recognized in stock-based compensation expense in the period of the change. Previously recognized compensation expense is not reversed if vested stock options, RSUs or PRSUs for which the requisite service has been rendered and the performance condition has been met expire unexercised or are not settled.

The fair value of RSUs and PRSUs is based on the closing market price of the Company's common stock on the date of grant. The Company estimates the fair value of stock options granted using a Black-Scholes option pricing model. This model requires the Company to make estimates and assumptions with respect to the expected term of the option and the expected volatility of the price of the Company's common stock. The expected term represents the period that the Company’s stock-based awards are expected to be outstanding and was determined based on the Company's historical experience. The expected volatility is based on the historical volatility of the Company’s common stock. The fair value is then amortized on a straight-line basis over the requisite service periods of the awards, which is generally the vesting period.
Leases
Leases

The Company has arrangements for the right to use certain of its office, warehouse spaces and other premises, and equipment. The Company determines at inception if an arrangement is or contains a lease. When the terms of a lease effectively transfer control of the underlying asset to the Company, it is classified as a finance lease. All other leases are classified as operating leases.

Operating Leases

For operating leases with lease terms of more than 12 months, operating lease ROU assets are recorded in long-term other assets, and lease liabilities are recorded in accrued liabilities and other long-term liabilities on the consolidated balance sheet. The Company's lease term includes options to extend or terminate the lease when it is reasonably certain that it will exercise that option. The Company elected to apply the short-term lease recognition exemption and does not recognize ROU asset and lease liabilities for leases with an initial term of 12 months or less and recognizes as expense the payments under such leases on a straight-line basis over the lease term. The Company's leases with an initial term of 12 months or less are immaterial.
Operating lease ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments over the lease term. Operating lease ROU assets and liabilities are recognized at lease commencement based on the present value of the remaining lease payments discounted using the Company’s incremental borrowing rate as the interest rate implicit in the lease arrangements is not readily determinable. The incremental borrowing rate is estimated to be the interest rate on a fully collateralized basis with similar terms and payments and in the economic environment where the leased asset is located. Operating lease ROU assets also include initial direct costs incurred, prepaid lease payments, minus any lease incentives. Operating lease expense is recognized on a straight-line basis over the lease term. The Company accounts for fixed payments for lease and non-lease components as a single lease component which increases the amount of ROU assets and liabilities. Non-lease components that are variable costs, such as common area maintenance, are expensed as incurred and not included in the ROU assets and lease liabilities.

Finance Leases

Assets under finance leases are recorded in property, plant and equipment, net and lease liabilities are included in accrued liabilities and other long-term liabilities on the consolidated balance sheet. Finance lease interest expense is recognized based on an effective interest method and depreciation of assets is recorded on a straight-line basis over the shorter of the lease term and useful life of the asset. The Company's finance leases are immaterial.
Income Taxes
Income Taxes
    
The Company accounts for income taxes under an asset and liability approach. Deferred income taxes reflect the impact of temporary differences between assets and liabilities recognized for financial reporting purposes and such amounts recognized for income tax reporting purposes, net of operating loss carry-forwards and other tax credits measured by applying enacted tax laws related to the financial statement periods. Valuation allowances are provided when necessary to reduce deferred tax assets to an amount that is more likely than not to be realized.

The Company recognizes tax liabilities for uncertain income tax positions on the income tax return based on the two-step process. The first step is to determine whether it is more likely than not that each income tax position would be sustained upon audit. The second step is to estimate and measure the tax benefit as the amount that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority. Estimating these amounts requires the Company to determine the probability of various possible outcomes. The Company evaluates these uncertain tax positions on a quarterly basis. This evaluation is based on the consideration of several factors, including changes in facts or circumstances, changes in applicable tax law, settlement of issues under audit and new exposures. If the Company later determines that its exposure is lower or that the liability is not sufficient to cover its revised expectations, the Company adjusts the liability and effects a related charge in its tax provision during the period in which the Company makes such a determination.
Variable Interest Entities
Variable Interest Entities

The Company determines at the inception of each arrangement whether an entity in which the Company holds an investment or in which the Company has other variable interests is considered a variable interest entity ("VIE"). The Company consolidates VIEs when it is the primary beneficiary. The primary beneficiary of a VIE is the party that meets both of the following criteria: (1) has the power to make decisions that most significantly affect the economic performance of the VIE and (2) has the obligation to absorb losses or the right to receive benefits that in either case could potentially be significant to the VIE. Periodically, the Company assesses whether any changes in the interest or relationship with the entity affect the determination of whether the entity is still a VIE and, if so, whether the Company is the primary beneficiary. If the Company is not the primary beneficiary in a VIE, the Company accounts for the investment or other variable interest in accordance with applicable GAAP.
The Company has concluded that Ablecom Technology, Inc. (“Ablecom”) and its affiliate, Compuware Technology, Inc. ("Compuware"), are VIEs; however, the Company is not the primary beneficiary as it does not have the power to direct the activities that are most significant to the entities and therefore, the Company does not consolidate these entities. In performing its analysis, the Company considered its explicit arrangements with Ablecom and Compuware, all contractual arrangements with these entities. Also, as a result of the substantial related party relationships between the Company and these entities, the Company considered whether any implicit arrangements exist that would cause the Company to protect these related parties’ interests from suffering losses. The Company determined it has no material implicit arrangements with Ablecom, Compuware or their shareholders.

The Company and Ablecom jointly established Super Micro Asia Science and Technology Park, Inc. (the "Management Company") in Taiwan to manage the common areas shared by the Company and Ablecom for its separately constructed manufacturing facilities. In fiscal year 2012, each party contributed $0.2 million for a 50% ownership interest of the Management Company. The Company has concluded that the Management Company is a VIE, and the Company is the primary beneficiary as it has the power to direct the activities that are most significant to the Management Company. For the fiscal years ended 2023, 2022 and 2021, the accounts of the Management Company were consolidated with the accounts of Super Micro Computer, and a noncontrolling interest was recorded for Ablecom's interest in the net assets and operations of the Management Company. Net income (loss) attributable to Ablecom's interest was not material for the periods presented and was included in general and administrative expenses in the Company's consolidated statements of operations.
Foreign Currency Transactions
Foreign Currency Transactions

The functional currency of the Company’s international subsidiaries is the U.S. dollar, with the exception of Super Micro Asia and Technology Park, Inc., a consolidated variable interest entity, and Gemini. Monetary assets and liabilities of the Company's international subsidiaries that are denominated in foreign currency are remeasured into U.S. dollars at period-end exchange rates. Non-monetary assets and liabilities that are denominated in the foreign currency are remeasured into U.S. dollars at the historical rates. Revenue and expenses that are denominated in the foreign currency are remeasured into U.S. dollars at the average exchange rates during the period. Remeasurement of foreign currency accounts and resulting foreign exchange transaction gains and losses, are reflected in the consolidated statements of operations in other income (expense), net.

The functional currency of Super Micro Asia and Technology Park, Inc. and Gemini is New Taiwanese Dollar (“NTD”). Assets and liabilities are translated to U.S. dollars at the period-end exchange rate. Revenues and expenses are translated using the average exchange rate for the period. The effects of foreign currency translation are included in stockholders’ equity as a component of accumulated other comprehensive (loss) income in the accompanying consolidated balance sheets and periodic movements are summarized as a line item in the consolidated statements of comprehensive income.

The Company has an investment in a privately-held company that is accounted for under the equity method (the "Corporate Venture"). The functional currency of the Corporate Venture is the Chinese Yuan. Adjustments for the Company's share of the effects of foreign currency translation from local currency to U.S. dollars are recorded as increases or decreases to the carrying value of the investment and included in stockholders’ equity as a component of accumulated other comprehensive (loss) income in the accompanying consolidated balance sheets and periodic movements are summarized as a line item in the consolidated statements of comprehensive income.
Net Income Per Common Share
Net Income Per Common Share

Basic net income per common share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per common share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potentially dilutive securities had been issued. Potentially dilutive securities include outstanding stock options and unvested RSUs and PRSUs. Contingently issuable shares are included in computing basic net income per common share as of the date that all necessary conditions, including service vesting conditions have been satisfied. Contingently issuable shares are considered for computing diluted net income per common share as of the beginning of the period in which all necessary conditions have been satisfied and the only remaining vesting condition is a service vesting condition.
    
Under the treasury stock method, an increase in the fair market value of the Company's common stock results in a greater dilutive effect from outstanding stock options and RSUs and PRSUs. Additionally, the exercise of stock options and the vesting of RSUs results in a further dilutive effect on net income per share.
Concentration of Supplier and Credit Risk Concentration of Supplier RiskCertain materials used by the Company in the manufacturing of its products are available from a limited number of suppliers. Shortages could occur in these materials due to an interruption of supply or increased demand in the industry.Concentration of Credit RiskFinancial instruments which potentially subject the Company to concentration of credit risk consist primarily of cash and cash equivalents, restricted cash, investment in an auction rate security and accounts receivable.
Treasury Stock
Treasury Stock

The Company accounts for treasury stock under the cost method. Upon the retirement of treasury shares, the Company deducts the par value of the retired treasury shares from common stock and allocates the excess of cost over par as a deduction to additional paid-in capital based on the pro-rata portion of additional paid-in-capital, and the remaining excess as a deduction to retained earnings. Retired treasury shares revert to the status of authorized but unissued shares.
Accounting Pronouncements Recently Adopted and Not Yet Adopted
Accounting Pronouncements Recently Adopted

In December 2019, the FASB issued amended guidance, Simplifying the Accounting for Income Taxes, to remove certain exceptions to the general principles from ASC 740 - Income Taxes, and to improve consistent application of U.S. GAAP for other areas of ASC 740 by clarifying and amending existing guidance. The guidance is effective for the Company from July 1, 2021. The adoption of the guidance in the fiscal year ended 2022 did not have a material impact on its consolidated financial statements and disclosures.

In March 2020, the FASB issued authoritative guidance, Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The new guidance provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference London Interbank Offered Rate ("LIBOR") or another reference rate expected to be discontinued. This ASU provides optional expedients and exceptions for applying U.S. GAAP to contracts affected by reference rate reform if certain criteria are met. In December 2022, FASB issued ASU 2022-06 (ASC Topic 848) and deferred the sunset date from December 31, 2022 to December 31, 2024. The Company adopted the guidance in the quarter ended June 30, 2023 on a prospective basis and has transitioned from an interest rate based on LIBOR to Secured Overnight Financing Rate ("SOFR"). The adoption of this ASU did not have a material impact on the Company's consolidated financial statements.
v3.23.2
Organization and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Property, Plant and Equipment, Estimated Useful Lives
Property, plant and equipment is recorded at cost and depreciated using the straight-line method over the estimated useful lives of the related assets as follows:
Software
3 to 5 years
Machinery and equipment
5 to 7 years
Furniture and fixtures
5 years
Buildings39 years
Building improvements
Up to 20 years
Land improvements15 years
Leasehold improvementsShorter of lease term or estimated useful life
Reconciliation of the Changes in Accrued Warranty Costs The following table presents for the fiscal years ended June 30, 2023, 2022 and 2021, the reconciliation of the changes in accrued warranty costs which is included as a component of accrued liabilities and other long-term liabilities (in thousands):
 Years Ended June 30,
 202320222021
Balance, beginning of the year$12,137 $12,863 $12,379 
Provision for warranty35,407 28,150 29,638 
Costs utilized(33,784)(29,872)(30,575)
Change in estimated liability for pre-existing warranties1,099 996 1,421 
Balance, end of the year$14,859 $12,137 $12,863 
Current portion9,079 9,073 10,185 
Non-current portion$5,780 $3,064 $2,678 
Computation of Basic and Diluted Net Income Per Common Share
The computation of basic and diluted net income per common share is as follows (in thousands, except per share amounts):
 
 Years Ended June 30,
 202320222021
Numerator:
Net income
$639,998 $285,163 $111,865 
Denominator:
Weighted-average shares outstanding
52,925 51,478 51,157 
Effect of dilutive securities
3,046 2,137 2,350 
Weighted-average diluted shares
55,970 53,615 53,507 
Basic net income per common share$12.09 $5.54 $2.19 
Diluted net income per common share$11.43 $5.32 $2.09 
v3.23.2
Fair Value Disclosure (Tables)
 12 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Cash Equivalents and Long-term Investments Measured at Fair Value on a Recurring Basis
The following table sets forth the Company’s financial instruments as of June 30, 2023 and 2022, which are measured at fair value on a recurring basis by level within the fair value hierarchy. These are classified based on the lowest level of input that is significant to the fair value measurement (in thousands):
June 30, 2023Level 1Level 2Level 3Asset at
Fair Value
Assets
Money market funds(1)
$20,823 $— $— $20,823 
Certificates of deposit(2)
— 462 — 462 
Auction rate security— — 1,843 1,843 
Total assets measured at fair value$20,823 $462 $1,843 $23,128 
June 30, 2022Level 1Level 2Level 3Asset at
Fair Value
Assets
Money market funds(1)
$20,220 $— $— $20,220 
Certificates of deposit(2)
— 832 — 832 
Auction rate security— — 1,590 1,590 
Total assets measured at fair value$20,220 $832 $1,590 $22,642 

(1) $20.6 million and $20.0 million in money market funds are included in cash and cash equivalents and $0.2 million and $0.2 million in money market funds are included in restricted cash, non-current in other assets in the consolidated balance sheets as of June 30, 2023 and 2022, respectively.

(2) $0.2 million and $0.2 million in certificates of deposit are included in cash and cash equivalents, $0.1 million and $0.3 million in certificates of deposit are included in prepaid expenses and other assets, and $0.2 million and $0.3 million in certificates of deposit are included in restricted cash, non-current in other assets in the consolidated balance sheets as of June 30, 2023 and 2022, respectively.
Summary of Long-term Investments
The following is a summary of the Company’s investment in an auction rate security as of June 30, 2023 and 2022 (in thousands):
 
 June 30, 2023
 Cost BasisGross
Unrealized
Holding
Gains		Gross
Unrealized
Holding
Losses		Fair Value
Auction rate security$1,750 $287 $(194)$1,843 

 June 30, 2022
 Cost BasisGross
Unrealized
Holding
Gains		Gross
Unrealized
Holding
Losses		Fair Value
Auction rate security$1,750 $— $(160)$1,590 
v3.23.2
Revenue (Tables)
 12 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following is a summary of net sales by product type (in thousands):
 Years Ended June 30,
 202320222021
Server and storage systems$6,569,814 $4,463,833 $2,790,305 
Subsystems and accessories553,668 732,266 767,117 
Total$7,123,482 $5,196,099 $3,557,422 
The following is a summary of net sales by geographic region (in thousands):
 Years Ended June 30,
 202320222021
United States$4,834,061 $3,035,523 $2,107,910 
Asia1,050,837 1,139,898 699,653 
Europe1,003,046 825,200 614,826 
Other235,538 195,478 135,033 
Total$7,123,482 $5,196,099 $3,557,422 
v3.23.2
Accounts Receivable Allowances (Tables)
 12 Months Ended
Jun. 30, 2023
Receivables [Abstract]  
Reconciliation of Accounts Receivable Allowances Accounts receivable allowances as of June 30, 2023, 2022 and 2021 consisted of the following (in thousands):
Beginning
Balance		Charged to
Cost and
Expenses (Recovered), net		Write-offsEnding
Balance
Allowance for credit losses
Year ended June 30, 2023$1,753$(13)$(1,659)$82
Year ended June 30, 2022$2,591$(840)$2$1,753
Year ended June 30, 2021$4,586$(820)$(1,175)$2,591
v3.23.2
Inventories (Tables)
 12 Months Ended
Jun. 30, 2023
Inventory Disclosure [Abstract]  
Schedule of Inventories
Inventories as of June 30, 2023 and 2022 consisted of the following (in thousands):
 June 30,
20232022
Finished goods$1,045,177 $1,025,555 
Work in process71,874 209,576 
Purchased parts and raw materials328,513 310,475 
Total inventories$1,445,564 $1,545,606 
v3.23.2
Property, Plant and Equipment (Tables)
 12 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment
Property, plant and equipment as of June 30, 2023 and 2022 consisted of the following (in thousands):
 June 30,
 20232022
Buildings$143,496 $143,509 
Machinery and equipment130,151 113,665 
Land86,642 84,616 
Building and leasehold improvements(1)
59,634 55,034 
Furniture and fixtures(1)
36,303 33,417 
Software23,098 23,186 
Buildings construction in progress303 303 
479,627 453,730 
Accumulated depreciation and amortization(189,387)(167,758)
Property, plant and equipment, net$290,240 $285,972 

(1)Certain amounts have been reclassified from Furniture and fixtures to Building and leasehold improvements for the year ended June 30, 2022 to conform to current year presentation.
v3.23.2
Short-term and Long-term Debt (Tables)
 12 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Short-term and Long-term Debt Obligations
Short-term and long-term debt obligations as of June 30, 2023 and 2022 consisted of the following (in thousands):
 
 June 30,
 20232022
Line of credit:
2018 Bank of America Credit Facility$— $268,245 
2022 Bank of America Credit Facility— 9,500
Cathay Bank Line of Credit131,58330,000
2021 CTBC Credit Lines— 84,800
HSBC Bank Credit Facility— 30,000
2021 E.SUN Bank Credit Facility— 7,800
Mega Bank Credit Facility— 3,500
Total line of credit131,583 433,845
Term loan facilities:
 Chang Hwa Bank Credit Facility due October 15, 202626,85333,643
CTBC Term Loan Facility, due June 4, 203038,20840,372
 2021 CTBC Credit Lines, due August 15, 20264,7215,468
 2021 E.SUN Bank Credit Facility, due September 15, 202633,51343,064
 2022 ESUN Bank Credit Facility, due August 15, 202716,756— 
 Mega Bank Credit Facility, due September 15, 202638,66840,372
Total term loans158,719 162,919
Total debt290,302 596,764
Short-term debt and current portion of long-term debt170,123 449,146
Debt, non-current$120,179 $147,618 
Available borrowings and interest rates as of June 30, 2023 and June 30, 2022 consisted of the following (in thousands except for percentages):
 June 30, 2023June 30, 2022
Available borrowingsInterest rateAvailable borrowingsInterest rate
Line of credit:
2018 Bank of America Credit Facility$350,000 6.57%$81,755 2.53%
2022 Bank of America Credit Facility$20,000 3.36%$10,500 1.85%
Cathay Bank Line of Credit$417 7.08%$102,000 4.00%
2021 CTBC Credit Lines$— —$20,200 
1.80% - 2.52%
2022 CTBC Credit Line$105,000 3.33%$— —
Chang Hwa Bank Credit Facility$20,000 6.58%$20,000 3.50%
 HSBC Bank Credit Facility$50,000 4.50%$— 
1.95% - 2.20%
 2021 E.SUN Bank Credit Facility$— —$22,200 1.80%
 2022 E.SUN Bank Credit Facility$30,000 4.18%$— —
Mega Bank Credit Facility$20,000 2.55%$16,500 1.85%
Term loan facilities:
Chang Hwa Bank Credit Facility due October 15, 2026$— 1.55%$— 1.18%
CTBC Term Loan Facility, due June 4, 2030$— 1.20%$— 0.83%
2021 CTBC Credit Lines, due August 15, 2026$— 1.40%$6,308 1.03%
2021 E.SUN Bank Credit Facility, due September 15, 2026$7,734 1.75%$10,766 1.37%
2022 ESUN Bank Credit Facility, due August 15, 2027$— 1.75%$— —
 Mega Bank Credit Facility, due September 15, 2026$— 
 1.40% - 1.60%
$— 
1.02% - 1.22%
Schedule of Maturities of Short-term and Long-term Debt Obligations
Principal payments on short-term and long-term debt obligations are due as follows (in thousands):

Fiscal Year:Principal Payments
2024$170,123 
202542,461 
202642,461 
202718,447 
20286,222 
2029 and thereafter10,588 
Total short-term and long-term debt$290,302 
v3.23.2
Leases (Tables)
 12 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Summary of Operating Lease Expense Recognized and Supplemental Cash Flow Information Operating lease expense recognized, and supplemental cash flow information related to operating leases for the years ended June 30, 2023 and 2022 were as follows (in thousands):
Years Ended June 30,
20232022
Operating lease expense (including expense for lease agreements with related parties of $561 and $711 for the years ended June 30, 2023 and 2022, respectively)
$8,299 $8,265 
Cash payments for operating leases (including payments to related parties of $524 and $766 for the years ended June 30, 2023 and 2022, respectively)
8,275 8,007 
New operating lease assets obtained in exchange for operating lease liabilities 3,197 11,151 
Summary of Maturities of Operating Lease Liabilities Under Noncancelable Operating Lease Arrangements Maturities of operating lease liabilities under noncancelable operating lease arrangements as of June 30, 2023, were as follows (in thousands):
Fiscal Year:Maturities of operating leases
2024$7,756 
20257,129 
20263,000 
20271,575 
2028536
Total future lease payments$19,996 
Less: Imputed interest(836)
Present value of operating lease liabilities$19,160 
v3.23.2
Related Party Transactions (Tables)
 12 Months Ended
Jun. 30, 2023
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The Company had the following balances related to transactions with its related parties as of the fiscal years ended June 30, 2023, 2022 and 2021 (in thousands):

AblecomCompuwareCorporate Venture
MPS(3)
Total
Years Ended June 30,Years Ended June 30,Years Ended June 30,Years Ended June 30,Years Ended June 30,
202320222021202320222021202320222021202320222021202320222021
Accounts receivable$2 $2 $2 $3,528 $404 $198 $1,943 $7,992 $8,478 $— $— $— $5,473 $8,398 $8,678 
Other receivable (1)
$2,841 $4,816 $5,575 $24,891 $19,596 $18,173 $— $— $— $— $— $89 $27,732 $24,412 $23,837 
Accounts payable$35,711 $42,463 $38,152 $53,423 $44,892 $31,944 $— $— $— $— $— $— $89,134 $87,355 $70,096 
Accrued liabilities (2)
$1,230 $3,531 $3,042 $12,787 $15,145 $14,486 $— $— $1,000 $— $— $— $14,017 $18,676 $18,528 

(1)Other receivables include receivables from vendors included in prepaid and other current assets.
(2)Includes current portion of operating lease liabilities included in other current liabilities.
(3)The Company procures certain semiconductor products from Monolithic Power Systems, Inc. (“MPS”), a fabless manufacturer of high-performance analog and mixed-signal semiconductors, through its contract manufacturers for use in its products. A former member of the Board of Directors who served until May 18, 2022 also serves as an officer of MPS. As a result, MPS ceased being a related party in the quarter ended September 30, 2022.

The Company's results from transactions with its related parties for each of the fiscal years ended June 30, 2023, 2022 and 2021, are as follows (in thousands):

AblecomCompuwareCorporate Venture
MPS (1)
Total
Years Ended June 30,Years Ended June 30,Years Ended June 30,Years Ended June 30,Years Ended June 30,
202320222021202320222021202320222021202320222021202320222021
Net sales$8 $15 $(23)$36,286 $26,085 $27,865 $24,243 $120,991 $51,176 $— $— $— $60,537 $147,091 $79,018 
Purchases - inventory$167,801 $192,441 $122,243 $216,961 $170,300 $113,400 $— $— $— $— $8,335 $3,915 $384,762 $371,076 $239,558 
Purchases - other miscellaneous items$12,131 $8,265 $8,609 $2,011 $1,455 $1,813 $— $— $— $— $— $— $14,142 $9,720 $10,422 
(1)The Company procures certain semiconductor products from MPS, a fabless manufacturer of high-performance analog and mixed-signal semiconductors, through its contract manufacturers for use in its products. A former member of the Board of Directors who served until May 18, 2022 also serves as an officer of MPS. As a result, MPS ceased being a related party in the quarter ended September 30, 2022.
The Company’s cash flow impact from transactions with its related parties for the fiscal years ended June 30, 2023, 2022 and 2021, are as follows (in thousands):
AblecomCompuwareCorporate Venture
MPS(1)
Total
Years Ended June 30,Years Ended June 30,Years Ended June 30,Years Ended June 30,Years Ended June 30,
202320222021202320222021202320222021202320222021202320222021
Changes in accounts receivable$— $— $(29)$(3,124)$(206)$740 $6,049 $486 $(677)$— $— $— $2,925 $280 $34 
Changes in other receivable$1,975 $759 $832 $(5,295)$(1,423)$(4,788)$— $— $— $— $89 $(13)$(3,320)$(575)$(3,969)
Changes in accounts payable$(6,752)$4,311 $1,198 $8,531 $12,948 $(3,470)$— $— $— $— $— $— $1,779 $17,259 $(2,272)
Changes in accrued liabilities$(2,301)$489 $(59)$(2,358)$659 $3,381 $— $(1,000)$(1,000)$— $— $— $(4,659)$148 $2,322 
Changes in other long-term liabilities$— $— $(513)$(321)$499 $(186)$— $— $(1,000)$— $— $— $(321)$499 $(1,699)
Purchases of property, plant and equipment$7,498 $4,678 $7,110 $346 $140 $237 $— $— $— $— $— $— $7,844 $4,818 $7,347 
Unpaid property, plant and equipment$777 $583 $338 $33 $106 $62 $— $— $— $— $— $— $810 $689 $400 

(1)The Company procures certain semiconductor products from MPS, a fabless manufacturer of high-performance analog and mixed-signal semiconductors, through its contract manufacturers for use in its products. A former member of the Board of Directors who served until May 18, 2022 also serves as an officer of MPS. As a result, MPS ceased being a related party in the quarter ended September 30, 2022.
v3.23.2
Stock-based Compensation and Stockholders' Equity (Tables)
 12 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Assumptions Used to Estimate Fair Value of Stock Options Granted Using Black-Scholes Option Pricing Model
The fair value of stock option grants for the fiscal years ended June 30, 2023, 2022 and 2021 was estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions:
 
 Years Ended June 30,
 202320222021
Risk-free interest rate
2.81% - 4.25%
0.81% - 3.02%
0.27% - 1.09%
Expected term6.07 years6.09 years5.98 years
Dividend yield— %— %— %
Volatility
50.62% - 53.47%
49.69% - 50.13%
50.03% - 50.43%
Weighted-average fair value$62.08 $20.25 $14.92 
Schedule of Stock-based Compensation Expense
The following table shows total stock-based compensation expense included in the consolidated statements of operations for the fiscal years ended June 30, 2023, 2022 and 2021 (in thousands):
 
 Years Ended June 30,
 202320222021
Cost of sales$4,574 $1,876 $1,762 
Research and development30,736 16,571 14,030 
Sales and marketing4,599 2,058 2,022 
General and administrative14,524 12,311 10,735 
Stock-based compensation expense before taxes54,433 32,816 28,549 
Income tax impact(18,106)(12,220)(8,574)
Stock-based compensation expense, net$36,327 $20,596 $19,975 
Summary of Operational and Stock Price Milestones
The achievement status of the operational and stock price milestones as of June 30, 2023, was as follows:

Annualized Revenue Milestone
Achievement Status
Stock Price Milestone
Achievement Status
(in billions)
$4.0
Achieved
$45
Achieved (1)
$4.8Achieved
$60
Achieved (2)
$5.8
Achieved
$75
Achieved (3)
$6.8
Achieved
$95
Achieved (4)
$8.0
Probable
$120
Achieved (5)

(1)The vesting of the first tranche of 200,000 option shares under the 2021 CEO Performance Stock Option, representing one-fifth of such award, was certified by the Company's Compensation Committee in August 2022.
(2)The vesting of the second tranche of 200,000 option shares under the 2021 CEO Performance Stock Option representing one-fifth of such award was certified by the Company's Compensation Committee in October 2022.
(3)The vesting of the third tranche of 200,000 option shares under the 2021 CEO Performance Stock Option representing one-fifth of such award was certified by the Company's Compensation Committee in January 2023.
(4)On April 25, 2023, the Company’s Compensation Committee certified achievement of the $95 stock price milestone based upon the 60 trading day average stock price from January 20, 2023 through April 17, 2023. The achievement of the $6.8 billion annualized revenue milestone is expected to be certified by the Company’s Compensation Committee after the Annual Report on Form 10-K for the year ended June 30, 2023, is filed with the SEC. At such time, the Company’s Compensation Committee is also expected to certify the vesting of the fourth tranche of 200,000 option shares under the 2021 CEO performance Stock Option representing one-fifth of such award.
(5)On June 19, 2023, the Compensation Committee certified achievement of the $120 stock price milestone based upon the 60 trading day average stock price from March 6, 2023 through May 30, 2023.
Summary of Stock Option Activity
The following table summarizes stock option activity during the fiscal years ended June 30, 2023, 2022 and 2021 under all plans:
 
Options
Outstanding		Weighted
Average
Exercise
Price per
Share		Weighted
Average
Remaining
Contractual
Term
(in Years)		Aggregate
Intrinsic
Value
(in thousands)
Balance as of June 30, 2020
5,379,768 $19.38 
Granted1,517,110 $40.49 
Exercised(1,645,800)$17.25 
Forfeited/Cancelled(75,524)$24.43 
Balance as of June 30, 2021
5,175,554 $26.17 
Granted489,940 $40.23 
Exercised(1,197,756)$17.82 
Forfeited/Cancelled(156,322)$30.47 
Balance as of June 30, 2022
4,311,416 $29.99 
Granted478,417 $74.98 
Exercised(1,454,811)$20.94 
Forfeited/Cancelled(32,489)$32.36 
Balance as of June 30, 20233,302,533 $40.47 6.49$15,731 
Options vested and exercisable at June 30, 20231,988,026 $32.03 5.19$14,741 
Schedule of Significant Ranges of Outstanding and Exercisable Stock Options Additional information regarding options outstanding as of June 30, 2023, is as follows:
 Options OutstandingOptions Vested and Exercisable
Range of
Exercise Prices		Number
Outstanding		Weighted-
Average
Remaining
Contractual
Term (Years)		Weighted-
Average
Exercise
Price Per
Share		Number
Exercisable		Weighted-
Average
Exercise
Price Per
Share
$11.76 - $20.54
345,584 3.35$17.17 338,383 $17.15 
$20.80 - $25.40
355,430 5.17$22.98 317,107 $22.93 
$25.44 - $30.33
422,171 3.94$27.59 383,610 $27.31 
$33.36 - $37.88
368,194 4.80$35.82 244,029 $35.56 
$38.50 - $42.35
291,527 8.35$40.12 84,931 $39.85 
$45.00 - $45.00
1,000,000 7.67$45.00 600,000 $45.00 
$52.15 - $76.63
281,212 9.16$60.14 19,966 $53.30 
$78.25 - $78.25
96,080 9.57$78.25 — $— 
$93.28 - $93.28
134,835 9.82$93.28 — $— 
$137.23 - $137.23
7,500 9.85$137.23 — $— 
$11.76 - $137.23
3,302,533 6.49$40.47 1,988,026 $32.03 
Summary of Restricted Stock Unit Activity
The following table summarizes RSUs and PRSUs activity during the fiscal years ended June 30, 2023, and 2022 under all plans: 
Time-based RSUs OutstandingWeighted
Average
Grant-Date Fair Value per Share		PRSUs OutstandingWeighted
Average
Grant-Date Fair Value per Share
Balance as of June 30, 20201,768,027 $20.08 42,000 $22.29 
Granted1,334,418 $31.54 30,000 $34.27 
Released(984,406)$21.63 (27,000)$23.36 
Forfeited(263,083)$25.01 (30,000)$20.37 
Balance as of June 30, 20211,854,956 $26.79 15,000 $34.27 
Granted1,121,451 $38.99 2,939 $34.27 
Released(745,702)$25.16 (17,939)$34.27 
Forfeited(351,632)$30.19 — $— 
Balance as of June 30, 20221,879,073 $33.72 — $— 
Granted1,282,890 $73.21 — $— 
Released(993,635)$37.86 — $— 
Forfeited(125,342)$43.10 — $— 
Balance as of June 30, 20232,042,986 $55.94 — $— 
v3.23.2
Income Taxes (Tables)
 12 Months Ended
Jun. 30, 2023
Income Tax Disclosure [Abstract]  
Schedule of Domestic and Foreign Components of Income Before Income Tax Provision
The components of income before income tax provision for the fiscal years ended June 30, 2023, 2022 and 2021 are as follows (in thousands):
 Years Ended June 30,
 202320222021
United States$632,237 $250,513 $80,922 
Foreign122,060 86,320 37,706 
Income before income tax provision$754,297 $336,833 $118,628 
Schedule of Income Tax Provision
The income tax provision for the fiscal years ended June 30, 2023, 2022 and 2021, consists of the following (in thousands):
 Years Ended June 30,
 202320222021
Current:
Federal$149,217 $34,711 $3,406 
State23,096 4,327 1,077 
Foreign31,063 20,495 10,843 
203,376 59,533 15,326 
Deferred:
Federal(80,975)(4,030)(5,489)
State(9,633)(257)(409)
Foreign(2,102)(2,370)(2,492)
(92,710)(6,657)(8,390)
Income tax provision$110,666 $52,876 $6,936 
Schedule of Deferred Tax Assets and Liabilities
The Company’s net deferred tax assets as of June 30, 2023 and 2022 consist of the following (in thousands):
 June 30,
 20232022
Research and development credits$34,722 $33,080 
Deferred revenue32,376 24,370 
Inventory valuation23,022 16,792 
Capitalized research and development costs94,050 14,589 
Stock-based compensation4,589 3,762 
Lease obligations3,162 4,035 
Accrued vacation and bonus5,310 6,052 
Prepaid and accrued expenses— 1,298 
Warranty accrual3,038 2,134 
Bad debt and other reserves910 1,183 
Marketing fund accrual1,436 1,308 
Other5,978 5,169 
Total deferred income tax assets208,593 113,772 
Deferred tax liabilities-depreciation and other(6,216)(6,259)
Right of use asset(3,044)(3,919)
Valuation allowance(36,679)(33,665)
Deferred income tax assets, net$162,654 $69,929 
Reconciliation of Effective Income Tax Rate
The following is a reconciliation for the fiscal years ended June 30, 2023, 2022 and 2021, of the statutory rate to the Company’s effective federal tax rate:
 Years Ended June 30,
 202320222021
Income tax provision at statutory rate21.0 %21.0 %21.0 %
State income tax, net of federal tax benefit1.1 0.9 0.3 
Foreign rate differential0.8 (0.3)(0.5)
Research and development tax credit(3.3)(3.9)(10.5)
Uncertain tax positions, net of (settlement) with Tax Authorities0.1 0.3 2.0 
Foreign derived intangible / Subpart F income inclusion(1.9)(1.4)(2.5)
Stock-based compensation(3.4)(1.5)(3.3)
Provision to return true-up(0.1)0.1 (1.9)
Other, net0.4 0.5 1.2 
Effective tax rate14.7 %15.7 %5.8 %
Schedule of Unrecognized Tax Benefits Rollforward
The following table summarizes the activity related to the unrecognized tax benefits (in thousands):
 Gross*
Unrecognized
Income Tax
Benefits
Balance at June 30, 2020$27,206 
Gross increases:
For current year’s tax positions13,333 
For prior years’ tax positions1,439 
Gross decreases:
     Decreases due to lapse of statute of limitations(1,243)
Balance at June 30, 202140,735 
Gross increases:
For current year’s tax positions2,392 
Gross decreases:
Decreases due to settlements with taxing authority(4,090)
Decreases due to lapse of statute of limitations(1,036)
Balance at June 30, 202238,001 
Gross increases:
For current year’s tax positions6,632 
For prior years’ tax positions1,616 
Gross decreases:
Decreases due to settlements with taxing authority(2,077)
Decreases due to lapse of statute of limitations(1,429)
Balance at June 30, 2023$42,743 
*excludes interest, penalties, federal benefit of state reserves
v3.23.2
Segment Reporting (Tables)
 12 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Summary of Property, Plant and Equipment
The following is a summary of property, plant and equipment, net (in thousands):
 
 June 30,
 20232022
Long-lived assets:
United States$183,485 $180,846 
Asia104,094 102,241 
Europe2,661 2,885 
$290,240 $285,972 
v3.23.2
Organization and Summary of Significant Accounting Policies - Acquisition (Details) - Gemini Open Cloud Computing Inc
$ in Millions
Apr. 17, 2023
USD ($)
Business Acquisition [Line Items]  
Percentage of voting interests acquired 100.00%
Purchase consideration $ 2.5
Holdback amount $ 0.3
Holdback amount period 1 year
Goodwill $ 1.8
v3.23.2
Organization and Summary of Significant Accounting Policies - Property, Plant and Equipment Table (Details)
Jun. 30, 2023
Furniture and fixtures  
Property, Plant and Equipment [Line Items]  
Estimated useful life 5 years
Buildings  
Property, Plant and Equipment [Line Items]  
Estimated useful life 39 years
Building improvements  
Property, Plant and Equipment [Line Items]  
Estimated useful life 20 years
Land improvements  
Property, Plant and Equipment [Line Items]  
Estimated useful life 15 years
Minimum | Software  
Property, Plant and Equipment [Line Items]  
Estimated useful life 3 years
Minimum | Machinery and equipment  
Property, Plant and Equipment [Line Items]  
Estimated useful life 5 years
Maximum | Software  
Property, Plant and Equipment [Line Items]  
Estimated useful life 5 years
Maximum | Machinery and equipment  
Property, Plant and Equipment [Line Items]  
Estimated useful life 7 years
v3.23.2
Organization and Summary of Significant Accounting Policies - Long-Lived Assets (Details) - USD ($)
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]      
Impairment of long-lived assets held-for-use $ 0 $ 0 $ 0
v3.23.2
Organization and Summary of Significant Accounting Policies - Revenue Recognition (Details)
 12 Months Ended
Jun. 30, 2023
Minimum  
Disaggregation of Revenue [Line Items]  
Service contracts term 1 year
Maximum  
Disaggregation of Revenue [Line Items]  
Service contracts term 5 years
v3.23.2
Organization and Summary of Significant Accounting Policies - Allowances for Credit Losses (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]      
Accounts receivable allowance for credit loss, recovery net of allowance $ (10) $ (800) $ (800)
v3.23.2
Organization and Summary of Significant Accounting Policies - Product Warranties (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Product Warranties:      
Balance, beginning of the year $ 12,137 $ 12,863 $ 12,379
Provision for warranty 35,407 28,150 29,638
Costs utilized (33,784) (29,872) (30,575)
Change in estimated liability for pre-existing warranties 1,099 996 1,421
Balance, end of the year 14,859 12,137 12,863
Current portion 9,079 9,073 10,185
Non-current portion $ 5,780 $ 3,064 $ 2,678
Minimum      
Product Warranty [Line Items]      
Product warranty period 15 months    
Maximum      
Product Warranty [Line Items]      
Product warranty period 39 months    
v3.23.2
Organization and Summary of Significant Accounting Policies - Research and Development (Details) - USD ($)
$ in Millions
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]      
Reduction of research and development expenses $ 20.0 $ 8.2 $ 10.9
v3.23.2
Organization and Summary of Significant Accounting Policies - Advertising Costs (Details) - USD ($)
$ in Millions
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]      
Advertising costs $ 2.0 $ 0.1 $ 4.1
v3.23.2
Organization and Summary of Significant Accounting Policies - Variable Interest Entities (Details) - Super Micro Asia Science and Technology Park, Inc. - Variable Interest Entity, primary beneficiary
$ in Millions
 12 Months Ended
Jun. 30, 2012
USD ($)
Variable Interest Entity [Line Items]  
Variable interest entity contribution $ 0.2
Variable interest entity, ownership percentage 50.00%
v3.23.2
Organization and Summary of Significant Accounting Policies - Net Income Per Common Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Numerator:      
Net income $ 639,998 $ 285,163 $ 111,865
Denominator:      
Weighted-average shares outstanding (in shares) 52,925,000 51,478,000 51,157,000
Effect of dilutive securities (in shares) 3,046,000 2,137,000 2,350,000
Weighted-average diluted shares (in shares) 55,970,000 53,615,000 53,507,000
Basic net income per common share (in dollars per share) $ 12.09 $ 5.54 $ 2.19
Diluted net income per common share (in dollars per share) $ 11.43 $ 5.32 $ 2.09
Employee stock options and restricted stock units      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Anti-dilutive outstanding equity awards (in shares) 177,795 475,529 670,179
v3.23.2
Organization and Summary of Significant Accounting Policies - Concentration of Risk (Details)
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Total purchases | Supplier Concentration Risk | Supplier One      
Concentration Risk [Line Items]      
Concentration risk percentage 13.50% 18.10% 20.30%
Total purchases | Supplier Concentration Risk | Supplier Two      
Concentration Risk [Line Items]      
Concentration risk percentage 30.70% 11.40% 11.80%
Cost of sales | Supplier Concentration Risk | Related Party | Ablecom and Compuware      
Concentration Risk [Line Items]      
Concentration risk percentage 6.60% 8.30% 7.80%
Accounts receivable | Customer concentration risk | Customer One      
Concentration Risk [Line Items]      
Concentration risk percentage 22.90% 21.70%  
Accounts receivable | Customer concentration risk | Customer Two      
Concentration Risk [Line Items]      
Concentration risk percentage 19.30%    
v3.23.2
Fair Value Disclosure - Assets and Liabilities at Fair Value (Details) - USD ($)
$ in Thousands
Jun. 30, 2023
Jun. 30, 2022
Auction rate security    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Auction rate security $ 1,843 $ 1,590
Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash 20,600 20,000
Certificates of deposit    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash 200 200
Prepaid expense and other assets 100 300
Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total assets measured at fair value 23,128 22,642
Fair Value, Measurements, Recurring | Auction rate security    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Auction rate security 1,843 1,590
Fair Value, Measurements, Recurring | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash 20,823 20,220
Fair Value, Measurements, Recurring | Certificates of deposit    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash 462 832
Fair Value, Measurements, Recurring | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total assets measured at fair value 20,823 20,220
Fair Value, Measurements, Recurring | Level 1 | Auction rate security    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Auction rate security 0 0
Fair Value, Measurements, Recurring | Level 1 | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash 20,823 20,220
Fair Value, Measurements, Recurring | Level 1 | Certificates of deposit    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash 0 0
Fair Value, Measurements, Recurring | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total assets measured at fair value 462 832
Fair Value, Measurements, Recurring | Level 2 | Auction rate security    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Auction rate security 0 0
Fair Value, Measurements, Recurring | Level 2 | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash 0 0
Fair Value, Measurements, Recurring | Level 2 | Certificates of deposit    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash 462 832
Fair Value, Measurements, Recurring | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total assets measured at fair value 1,843 1,590
Fair Value, Measurements, Recurring | Level 3 | Auction rate security    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Auction rate security 1,843 1,590
Fair Value, Measurements, Recurring | Level 3 | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash 0 0
Fair Value, Measurements, Recurring | Level 3 | Certificates of deposit    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash $ 0 $ 0
v3.23.2
Fair Value Disclosure - Long-term Investments (Details) - Auction rate security - USD ($)
$ in Thousands
Jun. 30, 2023
Jun. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cost Basis $ 1,750 $ 1,750
Gross Unrealized Holding Gains 287 0
Gross Unrealized Holding Losses (194) (160)
Fair Value $ 1,843 $ 1,590
v3.23.2
Fair Value Disclosure - Narrative (Details) - USD ($)
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Equity securities without readily determinable fair value, amount $ 1,700,000 $ 1,200,000  
Equity securities without readily determinable fair value, impairment loss, annual amount 0 0 $ 0
Auction rate security      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Unrealised gain for the auction rate security 300,000 30,000.00  
Fair Value, Measurements, Recurring | Level 2      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Fair value of outstanding debt $ 290,300,000 $ 596,800,000  
v3.23.2
Revenue - Summary of Net Sales by Product Type (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Disaggregation of Revenue [Line Items]      
Net sales $ 7,123,482 $ 5,196,099 $ 3,557,422
Server and storage systems      
Disaggregation of Revenue [Line Items]      
Net sales 6,569,814 4,463,833 2,790,305
Subsystems and accessories      
Disaggregation of Revenue [Line Items]      
Net sales $ 553,668 $ 732,266 $ 767,117
v3.23.2
Revenue - Summary of Net Sales by Location (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Disaggregation of Revenue [Line Items]      
Net sales $ 7,123,482 $ 5,196,099 $ 3,557,422
United States      
Disaggregation of Revenue [Line Items]      
Net sales 4,834,061 3,035,523 2,107,910
Asia      
Disaggregation of Revenue [Line Items]      
Net sales 1,050,837 1,139,898 699,653
Europe      
Disaggregation of Revenue [Line Items]      
Net sales 1,003,046 825,200 614,826
Other      
Disaggregation of Revenue [Line Items]      
Net sales $ 235,538 $ 195,478 $ 135,033
v3.23.2
Revenue - Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Revenue from Contract with Customer [Abstract]      
Revenue description of payment terms Generally, the payment terms of the Company’s offerings range from 30 to 60 days    
Deferred revenue   $ 233,800  
Contract with customer liability, revenue recognized in the period $ 109,000    
Deferred revenue 70,587 $ 31,544 $ (1,452)
Increase in non-cancellable non-refundable advance $ 5,400    
v3.23.2
Revenue - Performance Obligation (Details)
$ in Millions
Jun. 30, 2023
USD ($)
Revenue from Contract with Customer [Abstract]  
Remaining revenue performance obligation, amount $ 304.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining revenue performance obligation, percent to be recognized 44.00%
Remaining performance obligation, expected timing of satisfaction, period 12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining performance obligation, expected timing of satisfaction, period
v3.23.2
Accounts Receivable Allowances - Schedule of Accounts Receivable Allowance (Details) - Allowance for doubtful accounts - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Movement in Valuation Allowances and Reserves      
Beginning Balance $ 1,753 $ 2,591 $ 4,586
Charged to Cost and Expenses (Recovered), net (13) (840) (820)
Write-offs (1,659) 2 (1,175)
Ending Balance $ 82 $ 1,753 $ 2,591
v3.23.2
Inventories - Schedule of Inventory (Details) - USD ($)
$ in Thousands
Jun. 30, 2023
Jun. 30, 2022
Inventory, Net, Items Net of Reserve Alternative [Abstract]    
Finished goods $ 1,045,177 $ 1,025,555
Work in process 71,874 209,576
Purchased parts and raw materials 328,513 310,475
Total inventories $ 1,445,564 $ 1,545,606
v3.23.2
Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Details) - USD ($)
$ in Thousands
Jun. 30, 2023
Jun. 30, 2022
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross $ 479,627 $ 453,730
Accumulated depreciation and amortization (189,387) (167,758)
Property, plant and equipment, net 290,240 285,972
Buildings    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 143,496 143,509
Machinery and equipment    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 130,151 113,665
Land    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 86,642 84,616
Building and leasehold improvements    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 59,634 55,034
Furniture and fixtures    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 36,303 33,417
Software    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 23,098 23,186
Buildings construction in progress    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross $ 303 $ 303
v3.23.2
Short-term and Long-term Debt - Schedule of Line of Credit and Short-term Debt (Details) - USD ($)
$ in Thousands
Jun. 30, 2023
Jun. 30, 2022
Short-term Debt [Line Items]    
Short-term debt $ 170,123 $ 449,146
Long-term debt 120,179 147,618
Total debt 290,302 596,764
Short-term debt and current portion of long-term debt 170,123 449,146
Debt, non-current 120,179 147,618
Revolving Credit Facility | Cathay Bank Line of Credit | Cathay Bank Line of Credit | Line of credit    
Short-term Debt [Line Items]    
Outstanding borrowings 131,583 30,000
Secured debt | Term loan    
Short-term Debt [Line Items]    
Long-term debt 158,719 162,919
Secured debt | 2021 E.SUN Bank Credit Facility | Term loan    
Short-term Debt [Line Items]    
Long-term debt 33,513 43,064
Secured debt | Mega Bank Credit Facility | Term loan    
Short-term Debt [Line Items]    
Long-term debt 38,668 40,372
Secured debt | Chang Hwa Bank Credit Facility due October 15, 2026 | Term loan    
Short-term Debt [Line Items]    
Long-term debt 26,853 33,643
Secured debt | CTBC Term Loan Facility, due June 4, 2030 | Term loan    
Short-term Debt [Line Items]    
Long-term debt 38,208 40,372
Secured debt | 2021 CTBC Credit Lines, due August 15, 2026 | Term loan    
Short-term Debt [Line Items]    
Long-term debt 4,721 5,468
Secured debt | 2022 ESUN Bank Credit Facility, due August 15, 2027 | Term loan    
Short-term Debt [Line Items]    
Long-term debt 16,756 0
Line of credit | Revolving Credit Facility    
Short-term Debt [Line Items]    
Short-term debt 131,583 433,845
Line of credit | Revolving Credit Facility | 2018 Bank of America Credit Facility    
Short-term Debt [Line Items]    
Short-term debt 0 268,245
Line of credit | Revolving Credit Facility | 2022 Bank of America Credit Facility    
Short-term Debt [Line Items]    
Short-term debt 0  
Line of credit | Revolving Credit Facility | 2021 CTBC Credit Lines    
Short-term Debt [Line Items]    
Short-term debt 0 84,800
Line of credit | Revolving Credit Facility | HSBC Bank Credit Facility    
Short-term Debt [Line Items]    
Short-term debt 0 30,000
Line of credit | Revolving Credit Facility | 2021 E.SUN Bank Credit Facility    
Short-term Debt [Line Items]    
Short-term debt 0 7,800
Line of credit | Revolving Credit Facility | Mega Bank Credit Facility    
Short-term Debt [Line Items]    
Short-term debt $ 0 $ 3,500
v3.23.2
Short-term and Long-term Debt - Activities Under Short-term and Long-term Debt (Details) - USD ($)
$ in Thousands
Jun. 30, 2023
Jun. 30, 2022
Secured debt | 2021 E.SUN Bank Credit Facility | Term Loan    
Short-term Debt [Line Items]    
Credit facility, remaining borrowing capacity $ 7,734 $ 10,766
Interest rate (as a percent) 1.75% 1.37%
Secured debt | Chang Hwa Bank Credit Facility due October 15, 2026 | Term Loan    
Short-term Debt [Line Items]    
Credit facility, remaining borrowing capacity $ 0 $ 0
Interest rate (as a percent) 1.55% 1.18%
Secured debt | CTBC Term Loan Facility, due June 4, 2030 | Term Loan    
Short-term Debt [Line Items]    
Credit facility, remaining borrowing capacity $ 0 $ 0
Interest rate (as a percent) 1.20% 0.83%
Secured debt | 2021 CTBC Credit Lines, due August 15, 2026 | Term Loan    
Short-term Debt [Line Items]    
Credit facility, remaining borrowing capacity $ 0 $ 6,308
Interest rate (as a percent) 1.40% 1.03%
Secured debt | 2022 ESUN Bank Credit Facility, due August 15, 2027 | Term Loan    
Short-term Debt [Line Items]    
Credit facility, remaining borrowing capacity $ 0 $ 0
Interest rate (as a percent) 1.75% 0.00%
Secured debt | Mega Bank Credit Facility, due September 15, 2026 | Term Loan    
Short-term Debt [Line Items]    
Credit facility, remaining borrowing capacity $ 0 $ 0
Secured debt | Mega Bank Credit Facility, due September 15, 2026 | Minimum | Term Loan    
Short-term Debt [Line Items]    
Interest rate (as a percent) 1.40% 1.02%
Secured debt | Mega Bank Credit Facility, due September 15, 2026 | Maximum | Term Loan    
Short-term Debt [Line Items]    
Interest rate (as a percent) 1.60% 1.22%
Line of credit | Revolving Credit Facility | 2018 Bank of America Credit Facility    
Short-term Debt [Line Items]    
Credit facility, remaining borrowing capacity $ 350,000 $ 81,755
Interest rate (as a percent) 6.57% 2.53%
Line of credit | Revolving Credit Facility | 2022 Bank of America Credit Facility    
Short-term Debt [Line Items]    
Credit facility, remaining borrowing capacity $ 20,000 $ 10,500
Interest rate (as a percent) 3.36% 1.85%
Line of credit | Revolving Credit Facility | Cathay Bank Line of Credit    
Short-term Debt [Line Items]    
Credit facility, remaining borrowing capacity $ 417 $ 102,000
Interest rate (as a percent) 7.08% 4.00%
Line of credit | Revolving Credit Facility | 2021 CTBC Credit Lines    
Short-term Debt [Line Items]    
Credit facility, remaining borrowing capacity $ 0 $ 20,200
Interest rate (as a percent) 0.00%  
Line of credit | Revolving Credit Facility | 2021 CTBC Credit Lines | Minimum    
Short-term Debt [Line Items]    
Interest rate (as a percent)   1.80%
Line of credit | Revolving Credit Facility | 2021 CTBC Credit Lines | Maximum    
Short-term Debt [Line Items]    
Interest rate (as a percent)   2.52%
Line of credit | Revolving Credit Facility | 2022 CTBC Credit Line    
Short-term Debt [Line Items]    
Credit facility, remaining borrowing capacity $ 105,000 $ 0
Interest rate (as a percent) 3.33% 0.00%
Line of credit | Revolving Credit Facility | Chang Hwa Bank Credit Facility    
Short-term Debt [Line Items]    
Credit facility, remaining borrowing capacity $ 20,000 $ 20,000
Interest rate (as a percent) 6.58% 3.50%
Line of credit | Revolving Credit Facility | HSBC Bank Credit Facility    
Short-term Debt [Line Items]    
Credit facility, remaining borrowing capacity $ 50,000 $ 0
Interest rate (as a percent) 4.50%  
Line of credit | Revolving Credit Facility | HSBC Bank Credit Facility | Minimum    
Short-term Debt [Line Items]    
Interest rate (as a percent)   1.95%
Line of credit | Revolving Credit Facility | HSBC Bank Credit Facility | Maximum    
Short-term Debt [Line Items]    
Interest rate (as a percent)   2.20%
Line of credit | Revolving Credit Facility | 2021 E.SUN Bank Credit Facility    
Short-term Debt [Line Items]    
Credit facility, remaining borrowing capacity $ 0 $ 22,200
Interest rate (as a percent) 0.00% 1.80%
Line of credit | Revolving Credit Facility | 2022 E.SUN Credit Facility    
Short-term Debt [Line Items]    
Credit facility, remaining borrowing capacity $ 30,000 $ 0
Interest rate (as a percent) 4.18% 0.00%
Line of credit | Revolving Credit Facility | Mega Bank Credit Facility    
Short-term Debt [Line Items]    
Credit facility, remaining borrowing capacity $ 20,000 $ 16,500
Interest rate (as a percent) 2.55% 1.85%
v3.23.2
Short-term and Long-term Debt - Bank of America Credit Facility (Details) - USD ($)
 1 Months Ended
Apr. 30, 2018
Jun. 30, 2023
Jun. 30, 2022
Mar. 23, 2022
Mar. 03, 2022
Mar. 02, 2022
Short-term Debt [Line Items]            
Short-term debt   $ 170,123,000 $ 449,146,000      
Revolving Credit Facility | 2018 Bank of America Credit Facility | Bank of America | Line of credit            
Short-term Debt [Line Items]            
Credit facility, maximum borrowing capacity $ 250,000,000       $ 350,000,000 $ 200,000,000
Line of credit facility, accordion feature, increase limit $ 100,000,000       $ 150,000,000  
Short-term debt   $ 0 $ 268,200,000      
Interest rate (as a percent)   6.57% 2.53%      
Debt issuance costs, gross   $ 700,000 $ 1,000,000      
Credit facility, remaining borrowing capacity   350,000,000        
Revolving Credit Facility | 2018 Bank of America Credit Facility | Bank of America | Line of credit | Minimum | SOFR            
Short-term Debt [Line Items]            
Credit facility, basis spread on variable rate (as a percent) 0.50%          
Revolving Credit Facility | 2018 Bank of America Credit Facility | Bank of America | Line of credit | Maximum | SOFR            
Short-term Debt [Line Items]            
Credit facility, basis spread on variable rate (as a percent) 1.50%          
Revolving Credit Facility | 2022 Bank of America Credit Facility | Line of credit            
Short-term Debt [Line Items]            
Credit facility, maximum borrowing capacity   20,000,000        
Revolving Credit Facility | 2022 Bank of America Credit Facility | Bank of America | Line of credit            
Short-term Debt [Line Items]            
Credit facility, maximum borrowing capacity       $ 20,000,000    
Short-term debt   $ 0 $ 9,500,000      
Interest rate (as a percent)   3.36% 1.85%      
v3.23.2
Short-term and Long-term Debt -Cathay Bank Credit Facility (Details) - Revolving Credit Facility - Cathay Bank Line of Credit - Cathay Bank Line of Credit - Line of credit
May 19, 2022
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Short-term Debt [Line Items]      
Credit facility, maximum borrowing capacity $ 132,000,000    
Credit facility, term 5 years    
Outstanding borrowings, term 5 years    
Amortization schedule period 20 years    
Fixed coveragr ratio 1.15    
Line of credit facility, unused capacity, commitment fee percentage 0.15%    
Collateral re-appraisal period 2 years    
Outstanding borrowings   $ 131,583,000 $ 30,000,000
Credit facility, remaining borrowing capacity   $ 400,000  
Minimum | SOFR      
Short-term Debt [Line Items]      
Credit facility, basis spread on variable rate (as a percent) 1.65%    
Minimum | Prime Rate      
Short-term Debt [Line Items]      
Credit facility, basis spread on variable rate (as a percent) 1.25%    
Maximum | SOFR      
Short-term Debt [Line Items]      
Credit facility, basis spread on variable rate (as a percent) 2.00%    
Maximum | Prime Rate      
Short-term Debt [Line Items]      
Credit facility, basis spread on variable rate (as a percent) 1.00%    
v3.23.2
Short-term and Long-term Debt - CTBC Bank (Details)
Jul. 20, 2021
USD ($)
May 06, 2020
USD ($)
Jun. 30, 2023
USD ($)
Oct. 03, 2022
USD ($)
Oct. 03, 2022
TWD ($)
Jun. 30, 2022
USD ($)
Jul. 20, 2021
TWD ($)
Aug. 24, 2020
USD ($)
May 06, 2020
TWD ($)
Short-term Debt [Line Items]                  
Property, plant and equipment, net     $ 290,240,000     $ 285,972,000      
Secured debt | CTBC Bank term loan, due June 4, 2030 | CTBC Bank | Term Loan                  
Short-term Debt [Line Items]                  
Credit facility, term   10 years              
Credit facility, maximum borrowing capacity $ 42,900,000 $ 40,700,000         $ 1,200,000,000 $ 50,000,000 $ 1,200,000,000
Outstanding borrowings     $ 38,200,000     $ 40,400,000      
Interest rate (as a percent)     1.20%     0.83%      
Secured debt | Two Thousand Twenty One CTBC Term Loan Facility | CTBC Bank | Term Loan                  
Short-term Debt [Line Items]                  
Credit facility, term 75 months                
Credit facility, maximum borrowing capacity $ 55,400,000           1,550,000,000    
Secured debt | Two Thousand Twenty One CTBC Machine Loan | CTBC Bank | Term Loan                  
Short-term Debt [Line Items]                  
Credit facility, maximum borrowing capacity $ 12,500,000           350,000,000    
Outstanding borrowings     $ 4,700,000     $ 5,500,000      
Interest rate (as a percent)     1.40%     1.03%      
Secured debt | CTBC Credit Facility, 12 Month, Up To 0.50% Interest | CTBC Bank | Term Loan                  
Short-term Debt [Line Items]                  
Credit facility, term 12 months                
Credit facility, maximum borrowing capacity $ 44,700,000           1,250,000,000    
Secured debt | CTBC Credit Facility, 12 Month, Up To 0.50% Interest | CTBC Bank | Term Loan | CTBC's Established NTD Interest Rate                  
Short-term Debt [Line Items]                  
Credit facility, basis spread on variable rate (as a percent) 0.50%                
Secured debt | CTBC Credit Facility, Revolving Line of Credit | CTBC Bank | Term Loan | Lender's Established USD Interest Rate | Minimum                  
Short-term Debt [Line Items]                  
Credit facility, basis spread on variable rate (as a percent) 0.70%                
Secured debt | CTBC Credit Facility, Revolving Line of Credit | CTBC Bank | Term Loan | Lender's Established USD Interest Rate | Maximum                  
Short-term Debt [Line Items]                  
Credit facility, basis spread on variable rate (as a percent) 0.75%                
Revolving Credit Facility | Two Thousand Twenty One CTBC Term Loan Facility | CTBC Bank | Line of credit                  
Short-term Debt [Line Items]                  
Credit facility, maximum borrowing capacity $ 105,000,000                
Revolving Credit Facility | 2022 CTBC Credit Line | Line of credit                  
Short-term Debt [Line Items]                  
Interest rate (as a percent)     3.33%     0.00%      
Credit facility, remaining borrowing capacity     $ 105,000,000     $ 0      
Revolving Credit Facility | 2022 CTBC Credit Line | CTBC Bank                  
Short-term Debt [Line Items]                  
Credit facility, remaining borrowing capacity     105,000,000            
Revolving Credit Facility | 2022 CTBC Credit Line | CTBC Bank | Asset Pledged as Collateral                  
Short-term Debt [Line Items]                  
Property, plant and equipment, net     74,800,000            
Revolving Credit Facility | 2022 CTBC Credit Line | CTBC Bank | Line of credit                  
Short-term Debt [Line Items]                  
Credit facility, maximum borrowing capacity       $ 105,000,000          
Revolving Credit Facility | 2021 CTBC Credit Lines | CTBC Bank | Line of credit                  
Short-term Debt [Line Items]                  
Credit facility, maximum borrowing capacity       $ 55,400,000 $ 1,550,000,000        
Customs Bond | CTBC Credit Facility, 12 Month, Up To 0.50% Interest | CTBC Bank | Term Loan                  
Short-term Debt [Line Items]                  
Credit facility, term 12 months                
Credit facility, maximum borrowing capacity $ 3,600,000           $ 100,000,000    
Interest rate, stated percentage 0.50%           0.50%    
Customs Bond | CTBC Credit Facility, Revolving Line of Credit | CTBC Bank | Line of credit                  
Short-term Debt [Line Items]                  
Credit facility, term 12 months                
Credit facility, maximum borrowing capacity $ 105,000,000                
Outstanding borrowings     $ 0     $ 84,800,000      
Interest rate (as a percent)     1.80%     2.52%      
Percent of eligible accounts receivable 100.00%           100.00%    
v3.23.2
Short-term and Long-term Debt - Chang Hwa Bank Credit Facility (Details)
Aug. 05, 2021
loanContract
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
May 13, 2022
USD ($)
Oct. 05, 2021
USD ($)
Oct. 05, 2021
TWD ($)
Short-term Debt [Line Items]            
Long-term debt   $ 120,179,000 $ 147,618,000      
Revolving Credit Facility | Chang Hwa Bank Credit Facility | Chang Hwa Bank | Line of credit            
Short-term Debt [Line Items]            
Credit facility, maximum borrowing capacity         $ 36,000,000 $ 1,000,000,000
Line of credit facility, accordion feature, increase limit       $ 20,000,000    
Long-term debt   $ 26,900,000 $ 33,600,000      
Interest rate (as a percent)   1.55% 1.175%      
Credit facility, remaining borrowing capacity   $ 20,000,000        
Revolving Credit Facility | Chang Hwa Bank Credit Facility | Chang Hwa Bank | Draw Down Instruments            
Short-term Debt [Line Items]            
Credit facility, maximum borrowing capacity         $ 20,000,000  
Number of Loan Contracts entered into | loanContract 3          
Number of Loan Contracts unsecured | loanContract 3          
v3.23.2
Short-term and Long-term Debt - E.SUN Bank Credit Facility Narrative (Details)
Aug. 09, 2022
USD ($)
Sep. 13, 2021
USD ($)
Jun. 30, 2023
USD ($)
Jun. 17, 2023
USD ($)
Aug. 09, 2022
TWD ($)
Jun. 30, 2022
USD ($)
Sep. 13, 2021
TWD ($)
Dec. 02, 2020
USD ($)
Short-term Debt [Line Items]                
Short-term debt     $ 170,123,000     $ 449,146,000    
Long-term debt     120,179,000     147,618,000    
Revolving Credit Facility | 2021 E.SUN Bank Credit Facility | E.SUN Bank | Line of credit                
Short-term Debt [Line Items]                
Credit facility, maximum borrowing capacity   $ 57,600,000         $ 1,600,000,000 $ 30,000,000
Credit facility, term   120 days            
Revolving Credit Facility | 2021 E.SUN Bank Credit Facility | E.SUN Bank | Draw Down Instruments                
Short-term Debt [Line Items]                
Credit facility, maximum borrowing capacity   $ 30,000,000            
Revolving Credit Facility | 2021 E.SUN Bank Credit Facility | E.SUN Bank | Import Loan                
Short-term Debt [Line Items]                
Credit facility, maximum borrowing capacity   $ 30,000,000            
Revolving Credit Facility | 2022 E.SUN Credit Facility | E.SUN Bank | Medium Term Loan                
Short-term Debt [Line Items]                
Credit facility, maximum borrowing capacity $ 23,000,000       $ 680,000,000      
Credit facility, term 5 years              
Revolving Credit Facility | 2022 E.SUN Credit Facility | E.SUN Bank | Draw Down Instruments                
Short-term Debt [Line Items]                
Credit facility, maximum borrowing capacity $ 30,000,000              
Revolving Credit Facility | 2022 E.SUN Credit Facility | E.SUN Bank | Line of credit                
Short-term Debt [Line Items]                
Credit facility, maximum borrowing capacity $ 61,000,000   0 $ 30,000,000 $ 1,800,000,000 $ 7,800,000    
Credit facility, term 120 days              
Interest rate (as a percent)           1.81%    
Drawdowns percentage (as a percent) 80.00%              
Long-term debt     16,800,000          
Credit facility, remaining borrowing capacity     30,000,000          
Revolving Credit Facility | 2022 E.SUN Credit Facility | E.SUN Bank | Draw Down Instruments                
Short-term Debt [Line Items]                
Credit facility, maximum borrowing capacity $ 30,000,000              
Secured debt | 2021 E.SUN Bank Credit Facility | Term Loan                
Short-term Debt [Line Items]                
Short-term debt     $ 33,500,000     $ 43,100,000    
Interest rate (as a percent)     1.75%     1.37%    
Secured debt | 2021 E.SUN Bank Credit Facility | E.SUN Bank | Line of credit                
Short-term Debt [Line Items]                
Credit facility, term   5 years            
v3.23.2
Short-term and Long-term Debt - HSBC Bank Credit Facility (Details) - Revolving Credit Facility - HSBC Bank Credit Facility - HSBC Bank
Jan. 07, 2022
USD ($)
Jun. 30, 2023
USD ($)
Feb. 07, 2023
USD ($)
Feb. 07, 2023
TWD ($)
Jun. 30, 2022
USD ($)
Export Seller Trade Loan          
Short-term Debt [Line Items]          
Credit facility, maximum borrowing capacity $ 30,000,000   $ 50,000,000 $ 300,000,000  
Credit facility, term 120 days        
Line of credit          
Short-term Debt [Line Items]          
Outstanding borrowings   $ 0     $ 30,000,000
Interest rate (as a percent)   4.50%      
Credit facility, remaining borrowing capacity   $ 50,000,000      
Line of credit | Minimum          
Short-term Debt [Line Items]          
Interest rate (as a percent)         1.95%
Line of credit | Maximum          
Short-term Debt [Line Items]          
Interest rate (as a percent)         2.20%
v3.23.2
Short-term and Long-term Debt - Mega Bank Credit Facility (Details)
Jun. 17, 2023
Apr. 25, 2022
USD ($)
Sep. 13, 2021
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Apr. 25, 2022
TWD ($)
Sep. 13, 2021
TWD ($)
Short-term Debt [Line Items]              
Long-term debt       $ 120,179,000 $ 147,618,000    
Revolving Credit Facility | Mega Bank Credit Facility | Mega Bank | Line of credit              
Short-term Debt [Line Items]              
Credit facility, maximum borrowing capacity     $ 43,200,000 $ 38,700,000 $ 40,400,000   $ 1,200,000,000
Drawdowns percentage (as a percent)     80.00%        
Period after first drawdown principal payments commence     2 years        
Principal payment term     3 years        
Revolving Credit Facility | Mega Bank Credit Facility | Mega Bank | Line of credit | Minimum              
Short-term Debt [Line Items]              
Interest rate (as a percent)     0.645% 1.40% 1.02%   0.645%
Revolving Credit Facility | Mega Bank Credit Facility | Mega Bank | Line of credit | Maximum              
Short-term Debt [Line Items]              
Interest rate (as a percent)     0.845% 1.60% 1.22%   0.845%
Revolving Credit Facility | Omnibus Credit Authorization Agreement | Mega Bank | Line of credit              
Short-term Debt [Line Items]              
Credit facility, maximum borrowing capacity   $ 20,000,000          
Revolving Credit Facility | 2022 Credit Authorization Agreement | Mega Bank | Line of credit              
Short-term Debt [Line Items]              
Interest rate (as a percent)   0.75%   2.55% 1.85% 0.75%  
Credit facility, term   120 days          
Interest rate, stated percentage   0.90%       0.90%  
Debt instrument, term, TAIFX offer   6 months          
Debt instrument, fee amount           $ 400  
Credit facility, remaining borrowing capacity       $ 20,000,000      
Outstanding borrowings       0 $ 3,500,000    
Revolving Credit Facility | 2022 Credit Authorization Agreement | Mega Bank | Line of credit | TAIFX OFFER              
Short-term Debt [Line Items]              
Credit facility, basis spread on variable rate (as a percent)   0.23%          
Basis spread on variable rate, divided by amount   0.946          
Revolving Credit Facility | 2022 Credit Authorization Agreement | Mega Bank | Line of credit | US Basic Loan Rate              
Short-term Debt [Line Items]              
Interest rate (as a percent)   0.10%       0.10%  
Revolving Credit Facility | 2023 Credit Authorization Agreement | Mega Bank | Line of credit              
Short-term Debt [Line Items]              
Outstanding borrowings       $ 0      
Revolving Credit Facility | 2023 Credit Authorization Agreement | Mega Bank | Line of credit | Minimum              
Short-term Debt [Line Items]              
Credit facility, term 120 days            
Revolving Credit Facility | 2023 Credit Authorization Agreement | Mega Bank | Line of credit | Maximum              
Short-term Debt [Line Items]              
Credit facility, term 180 days            
v3.23.2
Short-term and Long-term Debt - Maturities of Short-term and Long-term Debt (Details) - USD ($)
$ in Thousands
Jun. 30, 2023
Jun. 30, 2022
Debt Disclosure [Abstract]    
2024 $ 170,123  
2025 42,461  
2026 42,461  
2027 18,447  
2028 6,222  
2029 and thereafter 10,588  
Total debt $ 290,302 $ 596,764
v3.23.2
Leases - Summary of Lease Costs and Cash Flow Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Lessee, Lease, Description [Line Items]    
Operating lease expense (including expense for lease agreements with related parties of $561 and $711 for the years ended June 30, 2023 and 2022, respectively) $ 8,299 $ 8,265
Cash payments for operating leases (including payments to related parties of $524 and $766 for the years ended June 30, 2023 and 2022, respectively) 8,275 8,007
New operating lease assets obtained in exchange for operating lease liabilities 3,197 11,151
Related Party    
Lessee, Lease, Description [Line Items]    
Operating lease expense (including expense for lease agreements with related parties of $561 and $711 for the years ended June 30, 2023 and 2022, respectively) 561 711
Cash payments for operating leases (including payments to related parties of $524 and $766 for the years ended June 30, 2023 and 2022, respectively) $ 524 $ 766
v3.23.2
Leases - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Leases [Abstract]      
Short-term lease payments $ 1.8 $ 1.1 $ 1.8
Operating lease, weighted average remaining lease term 3 years    
Incremental borrowing rate 3.10%    
v3.23.2
Leases - Maturities of Operating Lease Liabilities (Details)
$ in Thousands
Jun. 30, 2023
USD ($)
Leases [Abstract]  
2024 $ 7,756
2025 7,129
2026 3,000
2027 1,575
2028 536
Total future lease payments 19,996
Less: Imputed interest (836)
Present value of operating lease liabilities $ 19,160
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] Other Liabilities, Noncurrent
v3.23.2
Related Party Transactions - Narrative (Details) - USD ($)
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Related Party Transaction [Line Items]      
Outstanding purchase order $ 2,300,000,000    
Cost of sales 5,840,470,000 $ 4,396,098,000 $ 3,022,884,000
Corporate Venture      
Related Party Transaction [Line Items]      
Cost of sales $ 24,200,000 121,000,000 51,200,000
Corporate Venture      
Related Party Transaction [Line Items]      
Equity method investment, ownership percentage 30.00%    
Unamortized deferred gain $ 0 0  
Impairment of investments 0 0  
Investment in equity investee 2,000,000 5,300,000  
Accounts receivable $ 1,900,000 8,000,000  
Corporate Venture | Investor In China      
Related Party Transaction [Line Items]      
Equity method investment, ownership percentage 70.00%    
Related Party      
Related Party Transaction [Line Items]      
Outstanding purchase order $ 70,500,000    
Cost of sales $ 384,762,000 $ 371,076,000 $ 239,558,000
Ablecom      
Related Party Transaction [Line Items]      
Products purchased percent 91.90% 88.20% 91.80%
Ablecom | Management | Steve Liang and other family members      
Related Party Transaction [Line Items]      
Ownership percentage 28.80%    
Ablecom | Management | Charles Liang and wife      
Related Party Transaction [Line Items]      
Ownership percentage 10.50%    
Ablecom | Cancellable Purchase Obligation | Related Party      
Related Party Transaction [Line Items]      
Outstanding purchase order $ 37,400,000 $ 39,500,000  
Ablecom | No-Cancellable Purchase Obligation | Related Party      
Related Party Transaction [Line Items]      
Outstanding purchase order 23,700,000 36,000,000  
Compuware | Cancellable Purchase Obligation | Related Party      
Related Party Transaction [Line Items]      
Outstanding purchase order 156,200,000 213,300,000  
Compuware | No-Cancellable Purchase Obligation | Related Party      
Related Party Transaction [Line Items]      
Outstanding purchase order $ 46,800,000 $ 44,300,000  
v3.23.2
Related Party Transactions - Summary of Related Party Transactions (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Related Party Transaction [Line Items]      
Accounts receivable, related parties $ 1,148,259 $ 834,513  
Prepaid expenses and other current assets, related parties 145,144 158,799  
Accounts payable, related parties 776,831 655,403  
Accrued liabilities, related parties 163,865 212,419  
Net sales 7,123,482 5,196,099 $ 3,557,422
Cost of sales 5,840,470 4,396,098 3,022,884
Changes in accounts receivable (311,897) (372,438) (60,145)
Changes in other receivable 8,313 (28,794) (5,291)
Changes in accounts payable 127,135 50,145 189,309
Changes in accrued liabilities (50,311) 35,891 24,705
Changes in other long-term liabilities (4,424) (10,557) (4,220)
Purchases of property, plant and equipment 36,793 45,182 58,016
Unpaid property, plant and equipment 2,181 7,825 9,003
Related Party      
Related Party Transaction [Line Items]      
Accounts receivable, related parties 5,473 8,398 8,678
Prepaid expenses and other current assets, related parties 27,732 24,412 23,837
Accounts payable, related parties 89,134 87,355 70,096
Accrued liabilities, related parties 14,017 18,676 18,528
Net sales 60,537 147,091 79,018
Cost of sales 384,762 371,076 239,558
Changes in accounts receivable 2,925 280 34
Changes in other receivable (3,320) (575) (3,969)
Changes in accounts payable 1,779 17,259 (2,272)
Changes in accrued liabilities (4,659) 148 2,322
Changes in other long-term liabilities (321) 499 (1,699)
Purchases of property, plant and equipment 7,844 4,818 7,347
Unpaid property, plant and equipment 810 689 400
Related Party | Purchases - inventory      
Related Party Transaction [Line Items]      
Cost of sales 384,762 371,076 239,558
Related Party | Purchases - other miscellaneous items      
Related Party Transaction [Line Items]      
Cost of sales 14,142 9,720 10,422
Ablecom | Related Party      
Related Party Transaction [Line Items]      
Accounts receivable, related parties 2 2 2
Prepaid expenses and other current assets, related parties 2,841 4,816 5,575
Accounts payable, related parties 35,711 42,463 38,152
Accrued liabilities, related parties 1,230 3,531 3,042
Net sales 8 15 (23)
Changes in accounts receivable 0 0 (29)
Changes in other receivable 1,975 759 832
Changes in accounts payable (6,752) 4,311 1,198
Changes in accrued liabilities (2,301) 489 (59)
Changes in other long-term liabilities 0 0 (513)
Purchases of property, plant and equipment 7,498 4,678 7,110
Unpaid property, plant and equipment 777 583 338
Ablecom | Related Party | Purchases - inventory      
Related Party Transaction [Line Items]      
Cost of sales 167,801 192,441 122,243
Ablecom | Related Party | Purchases - other miscellaneous items      
Related Party Transaction [Line Items]      
Cost of sales 12,131 8,265 8,609
Compuware | Related Party      
Related Party Transaction [Line Items]      
Accounts receivable, related parties 3,528 404 198
Prepaid expenses and other current assets, related parties 24,891 19,596 18,173
Accounts payable, related parties 53,423 44,892 31,944
Accrued liabilities, related parties 12,787 15,145 14,486
Net sales 36,286 26,085 27,865
Changes in accounts receivable (3,124) (206) 740
Changes in other receivable (5,295) (1,423) (4,788)
Changes in accounts payable 8,531 12,948 (3,470)
Changes in accrued liabilities (2,358) 659 3,381
Changes in other long-term liabilities (321) 499 (186)
Purchases of property, plant and equipment 346 140 237
Unpaid property, plant and equipment 33 106 62
Compuware | Related Party | Purchases - inventory      
Related Party Transaction [Line Items]      
Cost of sales 216,961 170,300 113,400
Compuware | Related Party | Purchases - other miscellaneous items      
Related Party Transaction [Line Items]      
Cost of sales 2,011 1,455 1,813
Corporate Venture | Related Party      
Related Party Transaction [Line Items]      
Accounts receivable, related parties 1,943 7,992 8,478
Prepaid expenses and other current assets, related parties 0 0 0
Accounts payable, related parties 0 0 0
Accrued liabilities, related parties 0 0 1,000
Net sales 24,243 120,991 51,176
Changes in accounts receivable 6,049 486 (677)
Changes in other receivable 0 0 0
Changes in accounts payable 0 0 0
Changes in accrued liabilities 0 (1,000) (1,000)
Changes in other long-term liabilities 0 0 (1,000)
Purchases of property, plant and equipment 0 0 0
Unpaid property, plant and equipment 0 0 0
Corporate Venture | Related Party | Purchases - inventory      
Related Party Transaction [Line Items]      
Cost of sales 0 0 0
Corporate Venture | Related Party | Purchases - other miscellaneous items      
Related Party Transaction [Line Items]      
Cost of sales 0 0 0
MPS(3) | Related Party      
Related Party Transaction [Line Items]      
Accounts receivable, related parties 0 0 0
Prepaid expenses and other current assets, related parties 0 0 89
Accounts payable, related parties 0 0 0
Accrued liabilities, related parties 0 0 0
Net sales 0 0 0
Changes in accounts receivable 0 0 0
Changes in other receivable 0 89 (13)
Changes in accounts payable 0 0 0
Changes in accrued liabilities 0 0 0
Changes in other long-term liabilities 0 0 0
Purchases of property, plant and equipment 0 0 0
Unpaid property, plant and equipment 0 0 0
MPS(3) | Related Party | Purchases - inventory      
Related Party Transaction [Line Items]      
Cost of sales 0 8,335 3,915
MPS(3) | Related Party | Purchases - other miscellaneous items      
Related Party Transaction [Line Items]      
Cost of sales $ 0 $ 0 $ 0
v3.23.2
Stock-based Compensation and Stockholders' Equity - Equity Incentive Plan Narrative (Details) - shares
 12 Months Ended
May 18, 2022
Jun. 05, 2020
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Shares reserved for outstanding awards (in shares)     3,302,533 4,311,416 5,175,554 5,379,768
Equity Incentive Plan, 2020            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Number of shares authorized (in shares)   5,000,000        
Shares reserved for future issuance (in shares)   1,045,000        
Authorized shares available for future issuance (in shares)     2,000,549      
Additional shares authorized (in shares) 2,000,000          
Ownership percentage threshold for employee owned incentive stock options to qualify for exercise price per share   10.00%        
Equity Incentive Plan, 2016            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Authorized shares available for future issuance (in shares)   0        
Shares reserved for outstanding awards (in shares)   7,246,000        
Equity Incentive Plan, 2020, More Than 10% Ownership            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Percentage of fair market value   110.00%        
Equity Incentive Plan, 2020, Less Than 10% Ownership            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Percentage of fair market value   100.00%        
Year one | Equity Incentive Plan, 2020            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Stock option and restricted stock units vesting rights, percentage     25.00%      
Quarterly | Equity Incentive Plan, 2020            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Stock option and restricted stock units vesting rights, percentage     6.25%      
Stock options | Equity Incentive Plan, 2020            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Stock option expected life (in years)     10 years      
Employee stock options and restricted stock units | Equity Incentive Plan, 2020            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Vesting period (in years)     4 years      
v3.23.2
Stock-based Compensation and Stockholders' Equity - Common Stock Repurchase and Retirement Narrative (Details) - USD ($)
 5 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Aug. 03, 2022
Jan. 29, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Stock repurchase program, authorized amount           $ 200,000,000  
Stock repurchases and retirement (in shares)     1,553,350   4,209,211    
Stock repurchases and retirement     $ 149,998,000   $ 130,000,000    
Remaining authorized repurchase amount     $ 50,000,000        
Stock repurchased in prior period and retired during period (in shares) 1,333,125            
January 2021 Share Repurchase Program              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Stock repurchase program, authorized amount             $ 200,000,000
Stock repurchases and retirement (in shares)   1,391,171   0      
Stock repurchases and retirement   $ 50,000,000          
Remaining authorized repurchase amount       $ 150,000,000      
v3.23.2
Stock-based Compensation and Stockholders' Equity - Summary of Stock Option Valuation Assumptions (Details) - Stock options - $ / shares
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Risk-free interest rate, minimum 2.81% 0.81% 0.27%
Risk-free interest rate, maximum 4.25% 3.02% 1.09%
Expected term 6 years 25 days 6 years 1 month 2 days 5 years 11 months 23 days
Dividend yield 0.00% 0.00% 0.00%
Volatility, minimum 50.62% 49.69% 50.03%
Volatility, maximum 53.47% 50.13% 50.43%
Weighted average fair value (in dollars per share) $ 62.08 $ 20.25 $ 14.92
v3.23.2
Stock-based Compensation and Stockholders' Equity - Schedule of Stock-based Compensation Expense (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense before taxes $ 54,433 $ 32,816 $ 28,549
Income tax impact (18,106) (12,220) (8,574)
Stock-based compensation expense, net 36,327 20,596 19,975
Cost of sales      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense before taxes 4,574 1,876 1,762
Research and development      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense before taxes 30,736 16,571 14,030
Sales and marketing      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense before taxes 4,599 2,058 2,022
General and administrative      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense before taxes $ 14,524 $ 12,311 $ 10,735
v3.23.2
Stock-based Compensation and Stockholders' Equity - Determining Fair Value Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Employee stock option    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Unrecognized compensation cost related to non-vested stock-based awards $ 24.0  
Unrecognized compensation cost related to non-vested stock based awards, period for recognition 2 years 9 months 10 days  
Restricted stock units    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Unrecognized compensation cost related to non-vested stock-based awards $ 102.7  
Unrecognized compensation cost related to non-vested stock based awards, period for recognition 2 years 9 months 10 days  
2021 CEO Performance Stock Option    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Unrecognized compensation cost related to non-vested stock-based awards $ 0.7 $ 5.6
Unrecognized compensation cost related to non-vested stock based awards, period for recognition 9 months 18 days  
v3.23.2
Stock-based Compensation and Stockholders' Equity - Stock Option Activity Narrative (Details)
$ / shares in Units, $ in Thousands
 1 Months Ended 12 Months Ended
Mar. 31, 2021
tranche
operationalMilestone
tradingDay
consecutiveQuarter
$ / shares
shares
Jun. 30, 2023
USD ($)
shares
Jun. 30, 2022
USD ($)
shares
Jun. 30, 2021
USD ($)
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Grants in period (in shares) | shares   478,417 489,940 1,517,110
Stock-based compensation expense before taxes   $ 54,433 $ 32,816 $ 28,549
Total pretax intrinsic value of options exercised   110,100 29,600 $ 24,300
2021 CEO Performance Stock Option        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Grants in period (in shares) | shares 1,000,000      
Number of vesting tranches | tranche 5      
Market price milestone, number of trading days | tradingDay 60      
Number of operational milestones | operationalMilestone 5      
Consecutive fiscal quarters for operational milestones | consecutiveQuarter 4      
Stock-based compensation expense before taxes   4,900    
Unrecognized compensation cost related to non-vested stock-based awards   $ 700 $ 5,600  
Unrecognized compensation cost related to non-vested stock based awards, period for recognition   9 months 18 days    
2021 CEO Performance Stock Option | Tranche Five        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Market price milestone (USD per share) | $ / shares $ 120.00      
2021 CEO Performance Stock Option | Tranche One        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Market price milestone (USD per share) | $ / shares $ 45.00      
v3.23.2
Stock-based Compensation and Stockholders' Equity - Summary of Operational and Stock Price Milestones (Details)
$ / shares in Units, $ in Thousands
 1 Months Ended 3 Months Ended 12 Months Ended
Jun. 19, 2023
d
$ / shares
Apr. 25, 2023
d
$ / shares
Jan. 31, 2023
shares
Oct. 31, 2022
shares
Aug. 31, 2022
shares
Mar. 31, 2021
tradingDay
Apr. 17, 2023
shares
Jun. 30, 2023
USD ($)
$ / shares
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Net sales               $ 7,123,482 $ 5,196,099 $ 3,557,422
Milestone One                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Net sales               4,000,000    
Number of units per vesting tranche (in shares) | shares         200,000          
Milestone Two                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Net sales               4,800,000    
Number of units per vesting tranche (in shares) | shares       200,000            
Milestone Three                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Net sales               5,800,000    
Number of units per vesting tranche (in shares) | shares     200,000              
Milestone Four                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Net sales               6,800,000    
Number of units per vesting tranche (in shares) | shares             200,000      
Market price milestone, number of trading days | d   60                
Milestone Five                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Net sales               $ 8,000,000    
Market price milestone, number of trading days | d 60                  
2021 CEO Performance Stock Option                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Market price milestone, number of trading days | tradingDay           60        
2021 CEO Performance Stock Option | Milestone One                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Stock price milestone (USD per share) | $ / shares               $ 45    
2021 CEO Performance Stock Option | Milestone Two                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Stock price milestone (USD per share) | $ / shares               60    
2021 CEO Performance Stock Option | Milestone Three                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Stock price milestone (USD per share) | $ / shares               75    
2021 CEO Performance Stock Option | Milestone Four                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Stock price milestone (USD per share) | $ / shares   $ 95           95    
2021 CEO Performance Stock Option | Milestone Five                    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                    
Stock price milestone (USD per share) | $ / shares $ 120             $ 120    
v3.23.2
Stock-based Compensation and Stockholders' Equity - Stock Option Activity Summary (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Options Outstanding      
Balance at beginning of period (in shares) 4,311,416 5,175,554 5,379,768
Granted (in shares) 478,417 489,940 1,517,110
Exercised (in shares) (1,454,811) (1,197,756) (1,645,800)
Forfeited (in shares) (32,489) (156,322) (75,524)
Balance at end of period (in shares) 3,302,533 4,311,416 5,175,554
Options vested and exercisable (in shares) 1,988,026    
Weighted Average Exercise Price per Share      
Balance at beginning of period (in dollars per share) $ 29.99 $ 26.17 $ 19.38
Granted (in dollars per share) 74.98 40.23 40.49
Exercised (in dollars per share) 20.94 17.82 17.25
Forfeited (in dollars per share) 32.36 30.47 24.43
Balance at end of period (in dollars per share) 40.47 $ 29.99 $ 26.17
Options vested and exercisable (in dollars per share) $ 32.03    
Weighted Average Remaining Contractual Term (in Years)      
Weighted average remaining contractual term, options outstanding (in years) 6 years 5 months 26 days    
Weighted average remaining contractual term, options vested and exercisable (in years) 5 years 2 months 8 days    
Aggregate intrinsic value, options outstanding $ 15,731    
Aggregate intrinsic value, options vested and exercisable $ 14,741    
v3.23.2
Stock-based Compensation and Stockholders' Equity - Stock Option Summary by Exercise Price (Details)
 12 Months Ended
Jun. 30, 2023
$ / shares
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock option outstanding, range of exercise price, lower range limit (in dollars per share) $ 11.76
Stock option outstanding, range of exercise price, upper range limit (in dollars per share) $ 137.23
Number of outstanding options (in shares) | shares 3,302,533
Stock option outstanding, weighted-average remaining contractual term 6 years 5 months 26 days
Weighted average exercise price per share, options outstanding (in dollars per share) $ 40.47
Stock options vested and exercisable (in shares) | shares 1,988,026
Stock option vested and exercisable, weighted average exercise price per share (in dollars per share) $ 32.03
$11.76 - $20.54  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock option outstanding, range of exercise price, lower range limit (in dollars per share) 11.76
Stock option outstanding, range of exercise price, upper range limit (in dollars per share) $ 20.54
Number of outstanding options (in shares) | shares 345,584
Stock option outstanding, weighted-average remaining contractual term 3 years 4 months 6 days
Weighted average exercise price per share, options outstanding (in dollars per share) $ 17.17
Stock options vested and exercisable (in shares) | shares 338,383,000
Stock option vested and exercisable, weighted average exercise price per share (in dollars per share) $ 17.15
$20.80 - $25.40  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock option outstanding, range of exercise price, lower range limit (in dollars per share) 20.80
Stock option outstanding, range of exercise price, upper range limit (in dollars per share) $ 25.40
Number of outstanding options (in shares) | shares 355,430
Stock option outstanding, weighted-average remaining contractual term 5 years 2 months 1 day
Weighted average exercise price per share, options outstanding (in dollars per share) $ 22.98
Stock options vested and exercisable (in shares) | shares 317,107,000
Stock option vested and exercisable, weighted average exercise price per share (in dollars per share) $ 22.93
$25.44 - $30.33  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock option outstanding, range of exercise price, lower range limit (in dollars per share) 25.44
Stock option outstanding, range of exercise price, upper range limit (in dollars per share) $ 30.33
Number of outstanding options (in shares) | shares 422,171
Stock option outstanding, weighted-average remaining contractual term 3 years 11 months 8 days
Weighted average exercise price per share, options outstanding (in dollars per share) $ 27.59
Stock options vested and exercisable (in shares) | shares 383,610,000
Stock option vested and exercisable, weighted average exercise price per share (in dollars per share) $ 27.31
$33.36 - $37.88  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock option outstanding, range of exercise price, lower range limit (in dollars per share) 33.36
Stock option outstanding, range of exercise price, upper range limit (in dollars per share) $ 37.88
Number of outstanding options (in shares) | shares 368,194
Stock option outstanding, weighted-average remaining contractual term 4 years 9 months 18 days
Weighted average exercise price per share, options outstanding (in dollars per share) $ 35.82
Stock options vested and exercisable (in shares) | shares 244,029,000
Stock option vested and exercisable, weighted average exercise price per share (in dollars per share) $ 35.56
$38.50 - $42.35  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock option outstanding, range of exercise price, lower range limit (in dollars per share) 38.50
Stock option outstanding, range of exercise price, upper range limit (in dollars per share) $ 42.35
Number of outstanding options (in shares) | shares 291,527
Stock option outstanding, weighted-average remaining contractual term 8 years 4 months 6 days
Weighted average exercise price per share, options outstanding (in dollars per share) $ 40.12
Stock options vested and exercisable (in shares) | shares 84,931,000
Stock option vested and exercisable, weighted average exercise price per share (in dollars per share) $ 39.85
$45.00 - $45.00  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock option outstanding, range of exercise price, lower range limit (in dollars per share) 45.00
Stock option outstanding, range of exercise price, upper range limit (in dollars per share) $ 45.00
Number of outstanding options (in shares) | shares 1,000,000
Stock option outstanding, weighted-average remaining contractual term 7 years 8 months 1 day
Weighted average exercise price per share, options outstanding (in dollars per share) $ 45.00
Stock options vested and exercisable (in shares) | shares 600,000,000
Stock option vested and exercisable, weighted average exercise price per share (in dollars per share) $ 45.00
$52.15 - $76.63  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock option outstanding, range of exercise price, lower range limit (in dollars per share) 52.15
Stock option outstanding, range of exercise price, upper range limit (in dollars per share) $ 76.63
Number of outstanding options (in shares) | shares 281,212
Stock option outstanding, weighted-average remaining contractual term 9 years 1 month 28 days
Weighted average exercise price per share, options outstanding (in dollars per share) $ 60.14
Stock options vested and exercisable (in shares) | shares 19,966,000
Stock option vested and exercisable, weighted average exercise price per share (in dollars per share) $ 53.30
$78.25 - $78.25  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock option outstanding, range of exercise price, lower range limit (in dollars per share) 78.25
Stock option outstanding, range of exercise price, upper range limit (in dollars per share) $ 78.25
Number of outstanding options (in shares) | shares 96,080
Stock option outstanding, weighted-average remaining contractual term 9 years 6 months 25 days
Weighted average exercise price per share, options outstanding (in dollars per share) $ 78.25
Stock options vested and exercisable (in shares) | shares 0
Stock option vested and exercisable, weighted average exercise price per share (in dollars per share) $ 0
$93.28 - $93.28  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock option outstanding, range of exercise price, lower range limit (in dollars per share) 93.28
Stock option outstanding, range of exercise price, upper range limit (in dollars per share) $ 93.28
Number of outstanding options (in shares) | shares 134,835
Stock option outstanding, weighted-average remaining contractual term 9 years 9 months 25 days
Weighted average exercise price per share, options outstanding (in dollars per share) $ 93.28
Stock options vested and exercisable (in shares) | shares 0
Stock option vested and exercisable, weighted average exercise price per share (in dollars per share) $ 0
$137.23 - $137.23  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock option outstanding, range of exercise price, lower range limit (in dollars per share) 137.23
Stock option outstanding, range of exercise price, upper range limit (in dollars per share) $ 137.23
Number of outstanding options (in shares) | shares 7,500
Stock option outstanding, weighted-average remaining contractual term 9 years 10 months 6 days
Weighted average exercise price per share, options outstanding (in dollars per share) $ 137.23
Stock options vested and exercisable (in shares) | shares 0
Stock option vested and exercisable, weighted average exercise price per share (in dollars per share) $ 0
v3.23.2
Stock-based Compensation and Stockholders' Equity - RSU and PRSU Activity Narrative (Details)
$ in Thousands
 1 Months Ended 12 Months Ended
Mar. 31, 2020
tranche
shares
Jun. 30, 2023
USD ($)
shares
Jun. 30, 2022
USD ($)
shares
Jun. 30, 2021
USD ($)
shares
Jun. 30, 2020
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Number of tranches | tranche 2        
Payment for employees tax obligations | $   $ 28,197 $ 10,081 $ 8,721  
Performance-Based Restricted Stock Units (PRSUs)          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Number of units per vesting tranche (in shares) 15,000        
Units earned in period (in shares)       2,939 0
Vested (in shares)   0 17,939 27,000  
Restricted stock units          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Shares withheld for taxes (in shares)   304,752 232,461 274,620  
Vested (in shares)   993,635 745,702 984,406  
Restricted Stock Units (RSUs) and Performance-Based Restricted Stock Units (PRSUs)          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Total pretax intrinsic value of restricted stock units vested | $   $ 95,000 $ 33,100 $ 32,600  
Vested (in shares)   993,635 763,641 1,011,406  
v3.23.2
Stock-based Compensation and Stockholders' Equity - Schedule of RSU and PRSU Activity (Details) - $ / shares
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Restricted stock units      
Time-based RSUs Outstanding      
Balance at beginning of period (in shares) 1,879,073 1,854,956 1,768,027
Granted (in shares) 1,282,890 1,121,451 1,334,418
Vested (in shares) (993,635) (745,702) (984,406)
Forfeited (in shares) (125,342) (351,632) (263,083)
Balance at end of period (in shares) 2,042,986 1,879,073 1,854,956
Weighted Average Grant-Date Fair Value per Share      
Balance at beginning of period (in dollars per share) $ 33.72 $ 26.79 $ 20.08
Granted (in dollars per share) 73.21 38.99 31.54
Vested (in dollars per share) 37.86 25.16 21.63
Forfeited (in dollars per share) 43.10 30.19 25.01
Balance at end of period (in dollars per share) $ 55.94 $ 33.72 $ 26.79
Performance-Based Restricted Stock Units (PRSUs)      
Time-based RSUs Outstanding      
Balance at beginning of period (in shares) 0 15,000 42,000
Granted (in shares) 0 2,939 30,000
Vested (in shares) 0 (17,939) (27,000)
Forfeited (in shares) 0 0 (30,000)
Balance at end of period (in shares) 0 0 15,000
Weighted Average Grant-Date Fair Value per Share      
Balance at beginning of period (in dollars per share) $ 0 $ 34.27 $ 22.29
Granted (in dollars per share) 0 34.27 34.27
Vested (in dollars per share) 0 34.27 23.36
Forfeited (in dollars per share) 0 0 20.37
Balance at end of period (in dollars per share) $ 0 $ 0 $ 34.27
v3.23.2
Income Taxes - Schedule of Components of Income Before Income Tax Provision (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Income Tax Disclosure [Abstract]      
United States $ 632,237 $ 250,513 $ 80,922
Foreign 122,060 86,320 37,706
Income before income tax provision $ 754,297 $ 336,833 $ 118,628
v3.23.2
Income Taxes - Schedule of Income Tax Provision (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Current:      
Federal $ 149,217 $ 34,711 $ 3,406
State 23,096 4,327 1,077
Foreign 31,063 20,495 10,843
Current income tax expense (benefit) 203,376 59,533 15,326
Deferred:      
Federal (80,975) (4,030) (5,489)
State (9,633) (257) (409)
Foreign (2,102) (2,370) (2,492)
Deferred income tax expense (benefit) (92,710) (6,657) (8,390)
Income tax provision $ 110,666 $ 52,876 $ 6,936
v3.23.2
Income Taxes - Schedule of Net Deferred Tax Assets (Details) - USD ($)
$ in Thousands
Jun. 30, 2023
Jun. 30, 2022
Deferred Tax Assets, Net [Abstract]    
Research and development credits $ 34,722 $ 33,080
Deferred revenue 32,376 24,370
Inventory valuation 23,022 16,792
Capitalized research and development costs 94,050 14,589
Stock-based compensation 4,589 3,762
Lease obligations 3,162 4,035
Accrued vacation and bonus 5,310 6,052
Prepaid and accrued expenses 0 1,298
Warranty accrual 3,038 2,134
Bad debt and other reserves 910 1,183
Marketing fund accrual 1,436 1,308
Other 5,978 5,169
Total deferred income tax assets 208,593 113,772
Deferred tax liabilities-depreciation and other (6,216) (6,259)
Right of use asset (3,044) (3,919)
Valuation allowance (36,679) (33,665)
Deferred income tax assets, net $ 162,654 $ 69,929
v3.23.2
Income Taxes - Narrative (Details) - USD ($)
$ in Thousands
 1 Months Ended 12 Months Ended
Feb. 29, 2020
Jun. 30, 2023
Jun. 30, 2022
Oct. 31, 2019
Income Tax Disclosure [Line Items]        
Change in tax credit carryforward, valuation allowance   $ 3,000 $ 3,800  
Deferred income tax assets-net   162,654 69,929  
Unrecognized tax benefits that would impact effective tax rate, if recognized   25,400 23,500  
Unrecognized tax benefits, income tax penalties and interest accrued   3,500 3,100  
Decrease in unrecognized tax benefits is reasonably possible   3,000    
Taiwan Tax Authority        
Income Tax Disclosure [Line Items]        
Income tax examination, increase (decrease) liability $ 1,000     $ 1,600
Income tax examination, payment of tax liability $ 4,200      
Tax reserve release   2,000    
Tax reserve true-up   1,000    
Taiwan Tax Authority | Tax Year 2019        
Income Tax Disclosure [Line Items]        
Income tax examination, payment of tax liability   1,000    
Taiwan Tax Authority | Tax Years 2018 And 2019        
Income Tax Disclosure [Line Items]        
Income tax examination, payment of tax liability   2,600    
Taiwan Tax Authority | Tax Year 2017        
Income Tax Disclosure [Line Items]        
Income tax examination, payment of tax liability   1,500    
Research Tax Credit Carryforward | California Franchise Tax Board        
Income Tax Disclosure [Line Items]        
Excess tax credits, valuation allowance   43,900 42,000  
Research Tax Credit Carryforward | Federal        
Income Tax Disclosure [Line Items]        
Excess tax credits, valuation allowance   34,700 $ 33,200  
Research Tax Credit Carryforward | State and local jurisdiction        
Income Tax Disclosure [Line Items]        
State research and development tax credit carryforwards   $ 56,500    
v3.23.2
Income Taxes - Schedule of Effective Federal Tax Rate Reconciliation (Details)
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Income tax provision at statutory rate 21.00% 21.00% 21.00%
State income tax, net of federal tax benefit 1.10% 0.90% 0.30%
Foreign rate differential 0.80% (0.30%) (0.50%)
Research and development tax credit (3.30%) (3.90%) (10.50%)
Uncertain tax positions, net of (settlement) with Tax Authorities 0.10% 0.30% 2.00%
Foreign derived intangible / Subpart F income inclusion (1.90%) (1.40%) (2.50%)
Stock-based compensation (3.40%) (1.50%) (3.30%)
Provision to return true-up (0.10%) 0.10% (1.90%)
Other, net 0.40% 0.50% 1.20%
Effective tax rate 14.70% 15.70% 5.80%
v3.23.2
Income Taxes - Schedule of Unrecognized Tax Benefits (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Income Tax Disclosure [Abstract]      
Beginning balance $ 38,001 $ 40,735 $ 27,206
Gross increases:      
For current year’s tax positions 6,632 2,392 13,333
For prior years’ tax positions 1,616   1,439
Gross decreases:      
Decreases due to settlements with taxing authority (2,077) (4,090)  
Decreases due to lapse of statute of limitations (1,429) (1,036) (1,243)
Ending balance $ 42,743 $ 38,001 $ 40,735
v3.23.2
Commitments and Contingencies - Litigation and Claims Narrative (Details)
Apr. 08, 2022
USD ($)
Feb. 08, 2018
claim
Loss Contingencies [Line Items]    
Loss contingency, pending claims, number | claim   2
Litigation settlement amount $ 18,250,000  
Super Micro Computer, Inc.    
Loss Contingencies [Line Items]    
Litigation settlement amount $ 2,000,000  
v3.23.2
Commitments and Contingencies - Purchase Commitments Narrative (Details)
$ in Millions
Jun. 30, 2023
USD ($)
Purchase Commitment, Excluding Long-term Commitment [Line Items]  
Purchase commitments, total $ 2,300.0
Related Party  
Purchase Commitment, Excluding Long-term Commitment [Line Items]  
Purchase commitments, total $ 70.5
v3.23.2
Retirement Plans - Narrative (Details) - USD ($)
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
401(k) Savings Plan      
Defined Benefit Plan Disclosure [Line Items]      
Company's discretionary contributions $ 0 $ 0 $ 0
Super Micro Computer, B.V.      
Defined Benefit Plan Disclosure [Line Items]      
Company's discretionary contributions 900,000 800,000 700,000
Super Micro Computer, Taiwan | Pension Plan | Super Micro Computer, Taiwan Defined Benefit Pension Plan      
Defined Benefit Plan Disclosure [Line Items]      
Company's contribution costs $ 3,600,000 3,400,000 2,500,000
Super Micro Computer, Taiwan | Pension Plan | R.O.C. Labor Standards Law Pension Plan      
Defined Benefit Plan Disclosure [Line Items]      
Defined benefit plan, employer discretionary contribution, percent of match 2.00%    
Pension expense $ (100,000) $ 400,000 $ 1,000,000
v3.23.2
Segment Reporting - Narrative (Details)
 12 Months Ended
Jun. 30, 2023
segment
Segment Reporting [Abstract]  
Number of operating segments 1
v3.23.2
Segment Reporting - Property, Plant and Equipment (Details) - USD ($)
$ in Thousands
Jun. 30, 2023
Jun. 30, 2022
Segment Reporting Information [Line Items]    
Property, plant and equipment $ 290,240 $ 285,972
United States    
Segment Reporting Information [Line Items]    
Property, plant and equipment 183,485 180,846
Asia    
Segment Reporting Information [Line Items]    
Property, plant and equipment 104,094 102,241
Europe    
Segment Reporting Information [Line Items]    
Property, plant and equipment $ 2,661 $ 2,885
v3.23.2
Label Element Value
Certificates of Deposit [Member]  
Restricted Cash and Cash Equivalents us-gaap_RestrictedCashAndCashEquivalents $ 300,000
Restricted Cash and Cash Equivalents us-gaap_RestrictedCashAndCashEquivalents 200,000
Money Market Funds [Member]  
Restricted Cash and Cash Equivalents us-gaap_RestrictedCashAndCashEquivalents 200,000
Restricted Cash and Cash Equivalents us-gaap_RestrictedCashAndCashEquivalents $ 200,000