122.7%$10.24
Revenue Growth
SMCI's revenue increased by 122.7% year-over-year, reaching $10.24 billion, indicating strong market demand and effective sales strategies.
Source: Source: 10-Q Income Statement
AI Takeaway
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.
Revenue
$10.24B
++122.68% YoY
EPS (Basic)
$0.81
++350.00% YoY
Gross Margin
9.9%
++0.37% YoY
Operating Income
$625.87M
++326.40% YoY
Filed · Analysis updated · Source: SEC EDGAR 10-Q filing
SMCI's revenue increased by 122.7% year-over-year, reaching $10.24 billion, indicating strong market demand and effective sales strategies.
Source: Source: 10-Q Income Statement
Operating income rose by 326.4% to $625.87 million, reflecting improved operational efficiency and cost control.
Source: Source: 10-Q Income Statement
The company experienced a significant negative operating cash flow of -$7.56 billion, highlighting potential liquidity challenges.
Source: Source: 10-Q Cash Flow Statement
SMCI's debt to equity ratio is 2.10, indicating a high level of leverage which could pose financial risks if not managed properly.
Source: Source: 10-Q Key Ratios
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Upgrade to unlockReported EPS of $0.84 versus the $0.63 analyst consensus — a +32.3% beat for Q3 FY2026.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $10.24B | $4.6B | +122.68% |
Cost of Revenue | $9.22B | $4.16B | +121.76% |
Gross Profit | $1.02B | $440.22M | +131.40% |
Operating Income | $625.87M | $146.78M | +326.40% |
Net Income | $483.39M | $108.78M | +344.38% |
EPS (Basic) | $0.81 | $0.18 | +350.00% |
EPS (Diluted) | $0.72 | $0.17 | +323.53% |
R&D Expense | $215.66M | $162.86M | +32.42% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $23.45B | $10.74B | +118.39% |
Current Assets | $21.57B | $9.51B | +126.71% |
Total Liabilities | $15.88B | $4.36B | +264.22% |
Current Liabilities | $8.12B | $1.43B | +468.76% |
Stockholders' Equity | $7.58B | $6.38B | +18.75% |
Cash & Equivalents | $1.29B | $2.54B | -49.12% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash FlowYTD | $-7.56B | $795.91M | -1049.46% |
Investing Cash FlowYTD | $-175.77M | $-104.54M | -68.14% |
Financing Cash FlowYTD | $3.91B | $174.62M | +2137.36% |
D&A | $13.5M | $10.9M | +23.85% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Gross Margin | 9.9% | 9.6% | +0.37% |
Operating Margin | 6.1% | 3.2% | +2.92% |
Net Margin | 4.7% | — | — |
ROE | 6.4% | — | — |
ROA | 2.1% | — | — |
Current Ratio | $2.655 | — | — |
Debt to Equity | $2.096 | — | — |
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The filing does not provide specific earnings estimates, but SMCI reported strong growth in revenue and net income, suggesting positive performance.
Key takeaways include a 122.7% increase in revenue to $10.24 billion and a 344.4% rise in net income to $483.39 million, despite negative operating cash flow.
Risks include high debt levels with a debt to equity ratio of 2.10, liquidity concerns due to negative operating cash flow, and a 49.1% decline in cash reserves.
SMCI's revenue grew by 122.7% year-over-year to $10.24 billion, driven by strong market demand and effective sales strategies.
SMCI shows strong revenue and net income growth, but faces challenges with high debt levels and negative operating cash flow, impacting liquidity.