Super Micro Computer (SMCI) Company Report

Super Micro reported Q2 revenue of $12.7 B, up 123% YoY and 153% QoQ, driven by AI GPU platforms (>90% of sales); one large data center customer accounted for ~63% of revenue.
Q2 non‐GAAP gross margin declined to 6.4% from 9.5% in Q1 due to product mix, freight and expedited costs; non‐GAAP operating margin was 4.5% with OpEx at 1.9% of sales, reflecting strong operating leverage.
End-Q2 cash balance stood at $4.1 B against net debt of $787 M; cash conversion cycle improved to 54 days, with inventory days down to 63 days.
Q3 guidance: net sales of at least $12.3 B, GAAP EPS ≥$0.52, non-GAAP EPS ≥$0.60, and ~30 bps gross margin expansion; FY26 revenue outlook raised to at least $40 B.

3 days ago

Transcript

Super Micro Computer reports Q2 fiscal 2026 results

SMCI

Earnings

Guidance Update

New Projects/Investments

Super Micro delivered record Q2 revenue of $12.7 billion, up 123% year-over-year and 153% quarter-over-quarter, driven by AI GPU platforms representing over 90% of sales.
Non-GAAP gross margin contracted to 6.4% (from 9.5% in Q1), pressured by customer/product mix, higher freight and expedited transport costs, and component shortages.
Data Center Building Block Solutions (DCBBS) accounted for 4% of profit in H1 FY 2026 and are expected to double their profit contribution by end-calendar 2026, with over 10 subsystems now available.
One large AI data center customer represented 63% of Q2 revenue; the enterprise channel was 16% and OEM/large data center 84%. Geographically, the US contributed 86% of sales.
Guidance for Q3 FY 2026 includes ≥ $12.3 billion in revenue, GAAP EPS ≥ $0.52 and non-GAAP EPS ≥ $0.60; full-year revenue is guided at ≥ $40 billion, with gross margin expected to improve ~30 bps sequentially.

3 days ago

Transcript

SMCI reports Q2 2026 financial results

SMCI

Earnings

GAAP net income was $400.6 million, up from $320.6 million year-over-year.
Adjusted EBITDA rose to $628.6 million, compared to $475.4 million in the prior year period.
Gross margin declined to 6.3% from 11.8% a year ago, reflecting cost and mix pressures.
The company is scaling AI infrastructure and expanding its DCBBS product portfolio with new 2026 releases, while initiating volume shipments of production DCBBS SKUs and establishing a Federal Business Unit.
Manufacturing capacity has been expanded to support high-volume deliveries of NVIDIA GB300 NVL72, HGX B300, RTX6000Pro, and AMD MI350/355 systems globally.

3 days ago

Presentation

Super Micro reports Q2 fiscal 2026 results

SMCI

Earnings

Guidance Update

Super Micro delivered a record $12.68 billion in Q2 revenue, up 123% YoY and 153% QoQ, driven by rapid ramp of AI GPU platforms representing over 90% of sales.
Q2 non-GAAP gross margin declined to 6.4% (from 9.5% in Q1) due to customer mix, expedited freight, and component cost pressures, while non-GAAP operating expenses fell to 1.9% of revenue, driving a 4.5% operating margin.
The company’s data center building block solution (DCBBS) contributed 4% of profit in H1 FY 2026 and is targeted to double its profit share by end of calendar 2026, supporting long-term margin improvement.
Super Micro raised its outlook, guiding Q3 net sales of at least $12.3 billion and full-year FY 2026 net sales of at least $40 billion, reflecting continued strong AI infrastructure demand.

3 days ago

Transcript

Supermicro reports Q2 FY2026 earnings

SMCI

Earnings

Guidance Update

Net sales of $12.7 B, gross margin of 6.3%, net income of $401 M, and diluted EPS of $0.60.
Cash & cash equivalents of $4.1 B against $4.9 B of bank debt and convertible notes as of December 31, 2025.
Q3 FY2026 outlook: at least $12.3 B in net sales, GAAP EPS ≥ $0.52 and non-GAAP EPS ≥ $0.60; FY2026 net sales guidance ≥ $40.0 B.

3 days ago

8-K

Supermicro announces Q2 FY2026 results

SMCI

Earnings

Guidance Update

Supermicro reported net sales of $12.7 billion in Q2 FY2026, up from $5.7 billion in Q2 FY2025.
Gross margin declined to 6.3%, versus 11.8% in Q2 FY2025.
GAAP net income was $401 million (diluted EPS $0.60), compared with $321 million (EPS $0.51) a year ago.
On a non-GAAP basis, the company achieved gross margin of 6.4% and diluted EPS of $0.69.
Supermicro expects Q3 FY2026 net sales of at least $12.3 billion, GAAP EPS of at least $0.52, and FY2026 net sales of at least $40.0 billion.

3 days ago

Press Release

Super Micro Computer enters $710 M revolving credit facilities

SMCI

Debt Issuance

On January 21, 2026, Super Micro Computer, Inc. Taiwan entered into revolving credit facilities totaling $710 million ($350 M Facility A1; $360 M Facility A2) with an option to increase up to $2 billion for procurement of components and raw materials.
USD Facility A1 loans accrue interest at TAIFX3 + 1.0%, USD Facility A2 at Term SOFR + 1.2%, and NTD-denominated loans at TAIBOR + 1.0% (floor 1.7%).
The Borrower pays a 0.15% per annum commitment fee on unused amounts, a 0.10% fee for extending maturity, and a 0.15% fee on prepayments or cancellations.
The facilities are guaranteed by Super Micro Computer, Inc. and secured by a second-ranking lien on the Borrower’s Bade District facility, all receivables and term-deposit accounts (up to $2.4 B).
The loans mature one year after initial utilization, with up to two one-year extension options.

Jan 26, 2026, 9:24 PM

8-K

Super Micro Computer enters $2.0B revolving credit facility

SMCI

Debt Issuance

Super Micro Computer entered into a $2.0 billion senior revolving credit facility led by JPMorgan Chase Bank, N.A.
The facility matures on 12/29/2030 and may be used for working capital, letters of credit, and other general corporate purposes
Borrowings are secured and subject to customary representations, warranties, affirmative and negative covenants, and events of default
CEO Charles Liang said the facility provides additional financial flexibility to support operations and growth initiatives

Jan 6, 2026, 10:01 PM

Press Release

Supermicro brings AI performance to client, edge, and consumer markets

SMCI

Product Launch

Supermicro debuts the Super AI Station (ARS-511GD-NB-LCC) delivering over 5× AI PFLOPS and 775 GB of coherent memory in a deskside liquid-cooled form factor for on-prem AI model development and inference.
Introduces the SYS-542T-2R workstation powered by Intel Xeon 6 SoC, offering agentic AI performance, broad GPU support, and 2×100 GbE connectivity for media transcoding and CDN applications.
Launches the AI PC (AS-C521D-11302U) with the latest AMD CPUs, targeting slim desktops for optimized office and personal AI workloads.
Unveils three Edge AI Systems based on AMD EPYC™ 4005 (1U, mini-1U, slim tower) with up to 16 cores for high performance-per-watt, plus a fanless SYS-E103-14P-H featuring Intel Core Ultra Series 3 delivering up to 180 TOPS for edge robotics and AI.

Jan 6, 2026, 2:05 PM

Press Release

Supermicro announces support for NVIDIA Vera Rubin NVL72 and HGX Rubin NVL8 systems

SMCI

Product Launch

Supermicro expands US-based manufacturing capacity and liquid-cooling capabilities to accelerate deployment of next-generation AI infrastructure in collaboration with NVIDIA.
The NVL72 SuperCluster integrates 72 NVIDIA Rubin GPUs and 36 Vera CPUs, delivering 3.6 exaflops NVFP4 performance and 1.4 PB/s HBM4 bandwidth in a rack-scale liquid-cooled design.
The 2U HGX Rubin NVL8 system provides 400 petaflops NVFP4 and 176 TB/s HBM4 bandwidth in a compact, advanced-direct-liquid-cooled form factor.
Supermicro’s modular Data Center Building Block Solutions® and in-row Coolant Distribution Units enable rapid configuration, customization, and efficient warm-water cooling for hyperscalers and enterprises.