123.4%
Revenue Growth
SMCI achieved a 123.4% increase in revenue year-over-year, primarily due to strong demand for its products.
Source: Source: 10-Q Income Statement, p.1
AI Takeaway
SMCI reported a significant revenue increase of 123.4% in Q2 FY2026, driven by strong sales growth, despite facing pressure on gross margins.
Revenue
$12.68B
++123.36% YoY
EPS (Basic)
$0.67
++24.07% YoY
Gross Margin
6.3%
-5.50% YoY
Operating Income
$474.3M
++28.67% YoY
Filed · Analysis updated · Source: SEC EDGAR 10-Q filing
SMCI achieved a 123.4% increase in revenue year-over-year, primarily due to strong demand for its products.
Source: Source: 10-Q Income Statement, p.1
The gross margin decreased by 5.5% year-over-year, impacted by higher cost of revenue which grew by 137.3%.
Source: Source: 10-Q Income Statement, p.1
R&D expenses rose by 14.2%, reflecting the company's commitment to innovation and product development.
Source: Source: 10-Q Income Statement, p.1
SMCI's debt to equity ratio is 3.00, indicating a high level of leverage which could pose financial risks if not managed properly.
Source: Source: 10-Q Balance Sheet, p.1
Unlock 2 more detailed risk analysis
Upgrade to unlockReported EPS of $0.69 versus the $0.50 analyst consensus — a +38.7% beat for Q2 FY2026.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $12.68B | $5.68B | +123.36% |
Cost of Revenue | $11.88B | $5.01B | +137.30% |
Gross Profit | $798.57M | $670.02M | +19.19% |
Operating Income | $474.3M | $368.62M | +28.67% |
Net Income | $400.56M | $320.6M | +24.94% |
EPS (Basic) | $0.67 | $0.54 | +24.07% |
EPS (Diluted) | $0.60 | $0.51 | +17.65% |
R&D Expense | $180.76M | $158.23M | +14.24% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $28B | $9.73B | +187.84% |
Current Assets | $26.12B | $8.67B | +201.42% |
Total Liabilities | $21.01B | $3.49B | +502.01% |
Current Liabilities | $15.4B | $1.36B | +1033.94% |
Stockholders' Equity | $6.99B | $6.24B | +12.08% |
Cash & Equivalents | $4.09B | $1.43B | +186.09% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash FlowYTD | $-941.42M | $169.15M | -656.57% |
Investing Cash FlowYTD | $-78.49M | $-71.84M | -9.26% |
Financing Cash FlowYTD | $47.5M | $-337.43M | +114.08% |
D&A | $12.8M | $9.5M | +34.74% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Gross Margin | 6.3% | 11.8% | -5.50% |
Operating Margin | 3.7% | 6.5% | -2.75% |
Net Margin | 3.2% | — | — |
ROE | 5.7% | — | — |
ROA | 1.4% | — | — |
Current Ratio | $1.697 | — | — |
Debt to Equity | $3.005 | — | — |
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The filing does not provide specific earnings estimates, but SMCI reported a significant revenue increase of 123.4% and a net income rise of 24.9%.
Key takeaways include a 123.4% increase in revenue, declining gross and operating margins, and a negative operating cash flow of -$941.4M.
SMCI faces risks from high debt levels, declining operating cash flow, and margin compression.
SMCI's revenue grew by 123.4% to $12.68B, driven by strong demand for its products.
SMCI shows strong revenue growth but faces challenges with declining margins and negative operating cash flow, with a high debt to equity ratio of 3.00.