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.
来源: Source: 10-Q Income Statement
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AI核心结论
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.
营业收入
$10.24B
同比 ++122.68%
每股收益（基本）
$0.81
同比 ++350.00%
毛利率
9.9%
同比 ++0.37%
营业利润
$625.87M
同比 ++326.40%
提交于 · 解读更新于 · 来源: SEC EDGAR 10-Q 原文
Super Micro Computer (SMCI) Q3 FY2026 营收 $10.24B，同比增长 122.7%。 净利润 $483.39M，同比增长 344.4%，稀释每股收益 $0.72。 毛利率 9.9%。
SMCI's revenue increased by 122.7% year-over-year, reaching $10.24 billion, indicating strong market demand and effective sales strategies.
来源: Source: 10-Q Income Statement
Operating income rose by 326.4% to $625.87 million, reflecting improved operational efficiency and cost control.
来源: Source: 10-Q Income Statement
The company experienced a significant negative operating cash flow of -$7.56 billion, highlighting potential liquidity challenges.
来源: 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.
来源: Source: 10-Q Key Ratios
The negative operating cash flow of -$7.56 billion suggests potential liquidity issues that could impact the company's ability to meet short-term obligations.
来源: Source: 10-Q Cash Flow Statement
Cash and equivalents decreased by 49.1% year-over-year, which may limit the company's financial flexibility.
来源: Source: 10-Q Balance Sheet
Q3 FY2026 实际 EPS $0.84，分析师一致预期 $0.63，超预期 +32.3%。
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营业收入 | $10.24B | $4.6B | +122.68% |
营业成本 | $9.22B | $4.16B | +121.76% |
毛利润 | $1.02B | $440.22M | +131.40% |
营业利润 | $625.87M | $146.78M | +326.40% |
净利润 | $483.39M | $108.78M | +344.38% |
每股收益（基本） | $0.81 | $0.18 | +350.00% |
每股收益（稀释） | $0.72 | $0.17 | +323.53% |
研发费用 | $215.66M | $162.86M | +32.42% |
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
总资产 | $23.45B | $10.74B | +118.39% |
流动资产 | $21.57B | $9.51B | +126.71% |
总负债 | $15.88B | $4.36B | +264.22% |
流动负债 | $8.12B | $1.43B | +468.76% |
股东权益 | $7.58B | $6.38B | +18.75% |
现金及等价物 | $1.29B | $2.54B | -49.12% |
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
经营活动现金流YTD | $-7.56B | $795.91M | -1049.46% |
投资活动现金流YTD | $-175.77M | $-104.54M | -68.14% |
筹资活动现金流YTD | $3.91B | $174.62M | +2137.36% |
折旧及摊销 | $13.5M | $10.9M | +23.85% |
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
毛利率 | 9.9% | 9.6% | +0.37% |
营业利润率 | 6.1% | 3.2% | +2.92% |
净利率 | 4.7% | — | — |
净资产收益率 | 6.4% | — | — |
总资产收益率 | 2.1% | — | — |
流动比率 | $2.655 | — | — |
资产负债率 | $2.096 | — | — |
预计发布日期、分析师预期与关注要点
Technology Hardware, Storage & Peripherals 行业其他公司
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.