9 unchanged sentences
Since our results of operations are not dependent on investments, the risk associated with fluctuating interest rates is limited to our investment portfolio, and we believe that a 10% change in interest rates would not have a significant impact on our results of operations.
−Removed: As of December 31, 2025, our investments were in money market funds, certificates of deposits and auction rate securities.
−Removed: We are exposed to changes in interest rates as a result of our borrowings under our term loans and revolving lines of credit.
−Removed: The interest rates for the term loans and the revolving lines of credit ranged from 1.3% to 5.9% at December 31, 2025 and 1.3% to 5.8% at June 30, 2025.
−Removed: Based on the outstanding principal indebtedness of $223.2 million under our credit facilities as of December 31, 2025, we believe that a 10% change in interest rates would not have a significant impact on the results of operations.
+Added: As of March 31, 2026, our investments were in money market funds, certificates of deposits and auction rate securities.
+Added: We are exposed to changes in interest rates as a result of our borrowings under our lines of credit and term loans.
+Added: The interest rates for the term loans and the revolving lines of credit ranged from 1.3% to 5.1% at March 31, 2026 and 1.3% to 5.8% at June 30, 2025.
+Added: Based on the outstanding principal indebtedness of $4,113.7 million under our credit facilities as of March 31, 2026, we believe that a 10% change in interest rates would not have a significant impact on the results of operations.
Foreign Exchange Rate Risk
2 unchanged sentences
dollars and accordingly, we have limited exposure to foreign currency exchange rate fluctuations from customer agreements.
−Removed: The functional currency of our subsidiaries in the Netherlands, Taiwan and Malaysia is the U.S.
+Added: The functional currency of our subsidiaries including in the Netherlands, Taiwan and Malaysia is the U.S.
However, certain loans and transactions in these entities are denominated in a currency other than the U.S.
1 unchanged sentence
Such fluctuations have not been significant historically, and a 10% change in foreign currency exchange rates would not have a significant impact on the results of operations.
−Removed: Gains or losses from foreign currency remeasurement are included in other income or expenses.
+Added: Gains or losses from foreign currency remeasurement are included in other income (expense), net in our condensed consolidated statements of operations .
SMCI | Q3 2026 Form 10-Q | 53
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.