| Stage | AAPL | % of rev | SMCI | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $114B | 100.00% | $19.9B | 100.00% | AAPL ×5.74 |
| Gross profit | $54.8B | 47.89% | $2.5B | 12.74% | AAPL +35.1pp |
| Operating income | $35.6B | 31.13% | $2.1B | 10.35% | AAPL +20.8pp |
| Pre-tax income | $36.1B | 31.57% | $2.0B | 10.18% | AAPL +21.4pp |
| Net income | $30.7B | 26.83% | $1.6B | 7.99% | AAPL +18.8pp |
| Stage | AAPL | SMCI | Gap · A − B |
|---|---|---|---|
| Revenue | $114B100.00% | $19.9B100.00% | AAPL ×5.74 |
| Gross profit | 47.89%$54.8B | 12.74%$2.5B | AAPL +35.1pp |
| Operating income | 31.13%$35.6B | 10.35%$2.1B | AAPL +20.8pp |
| Pre-tax income | 31.57%$36.1B | 10.18%$2.0B | AAPL +21.4pp |
| Net income |
| 26.83%$30.7B |
| 7.99%$1.6B |
| AAPL +18.8pp |
AAPL · INGM 10-KMar 3 '26
“Our vendors include many of the largest tech companies, including Advanced Micro Devices, Apple, Amazon Web Services (AWS), Cisco, Dell Technologies, Hewlett Packard Enterprise, HP Inc., Lenovo, Microsoft, NVIDIA and Super Micro Computer.”
SMCI · INGM 10-KMar 3 '26
“Our vendors include many of the largest tech companies, including Advanced Micro Devices, Apple, Amazon Web Services (AWS), Cisco, Dell Technologies, Hewlett Packard Enterprise, HP Inc., Lenovo, Microsoft, NVIDIA and Super Micro Computer.”