Revenue Growth
SMCI achieved a 123.4% increase in revenue year-over-year, primarily due to strong demand for its products.
Source: 10-Q Income Statement
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
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 (Diluted)
$0.60
+17.65% YoY
Gross Margin
6.3%
-5.5 pts YoY
Operating Income
$474.3M
+28.67% YoY
Source: SEC XBRL
Super Micro Computer (SMCI) reported Q2 FY2026 revenue of $12.68B, up 123.4% year over year. Operating margin was 3.7%, down 2.8 points from 6.5% a year earlier. SMCI's fiscal Q2 FY2026 corresponds to calendar Q4 2025.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 1.70 | 0.98 | Beat +74.1% |
| Mar 2026 | 0.84 | 0.63 | Beat +32.3% |
| Dec 2025This filing | 0.69 | 0.50 | Beat +38.7% |
| Sep 2025 | 0.35 | 0.41 | Miss -14.9% |
Adjusted (non-GAAP) EPS of $0.69 versus the $0.50 analyst consensus — a +38.7% beat for Dec 2025. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $0.60.
Compiled by AI from this SEC filing
SMCI achieved a 123.4% increase in revenue year-over-year, primarily due to strong demand for its products.
Source: 10-Q Income Statement
The gross margin decreased by 5.5% year-over-year, impacted by higher cost of revenue which grew by 137.3%.
Source: 10-Q Income Statement
R&D expenses rose by 14.2%, reflecting the company's commitment to innovation and product development.
Source: 10-Q Income Statement
Compiled by AI from this SEC filing · 1 high, 2 medium, 0 low
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: 10-Q Balance Sheet
The company reported a negative operating cash flow of -$941.4M, a significant decline from the previous year, which could impact liquidity.
Source: 10-Q Cash Flow Statement
The decrease in gross and operating margins suggests cost pressures that could affect profitability if not addressed.
Source: 10-Q Income Statement
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 12.68 $B | 5.68 $B | +123.36% |
Cost of Revenue $B | 11.88 $B | 5.01 $B | +137.30% |
Gross Profit $M | 798.57 $M | 670.02 $M | +19.19% |
Operating Income $M | 474.30 $M | 368.62 $M | +28.67% |
Net Income $M | 400.56 $M | 320.60 $M | +24.94% |
EPS (Basic) $ | 0.67 $ | 0.54 $ | +24.07% |
EPS (Diluted) $ | 0.60 $ | 0.51 $ | +17.65% |
R&D Expense $M | 180.76 $M | 158.23 $M | +14.24% |
Answers draw on this SEC filing and the data on this page
SMCI reported a significant increase in revenue and net income for Q3 FY2026, driven by strong operational performance and effective cost management, despite a substantial increase in liabilities and negative operating cash flow.
Super Micro's FY2026 revenue and net income more than doubled on AI data-center demand, but gross margin compressed and operating cash flow turned deeply negative.
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