Super Micro Computer Inc
Q4 2026 Earnings
Market Reaction
Did SMCI Beat Earnings? Q4 2026 Results
Super Micro Computer delivered a blowout fiscal fourth quarter, posting adjusted non-GAAP EPS of $1.70 against a consensus estimate of $0.96, a beat of 77.55% that reflected a dramatic recovery in gross margins rather than just raw volume. Revenue of $11.12 billion, up 93.2% year over year, came in modestly below the $11.56 billion consensus, yet the quarter's defining story was gross margin expanding to 17.5% GAAP from just 9.5% a year earlier, as a richer mix of enterprise customers and the company's Data Center Building Block Solutions architecture lifted profitability sharply. <a href="https://247wallst.com/investing/2026/08/11/live-can-super-micros-q4-earnings-tonight-spark-a-rebound-after-30-1-year-decline/">Investors watching for a rebound</a> got meaningful validation, with CEO Charles Liang citing more than $60 billion in new orders and a record backlog entering fiscal 2027. Management guided Q1 FY2027 revenue to $14.50 billion to $15.50 billion and set full-year fiscal 2027 revenue expectations at $65.00 billion to $72.00 billion, signaling confidence in sustained, rapid scaling ahead.
- Richer enterprise customer mix driving gross margin expansion to 17.5% in Q4 from 9.5% a year ago
- Broader adoption of optimized DCBBS architecture
- More than $60 billion in new orders during fiscal year 2026
- Record backlog entering fiscal 2027
- Addition of several hundred enterprise and other customers
“Our Total AI/IT Solutions strategy continues to deliver strong results, we added several hundred enterprise and other customers in the past year, generated more than $60 billion in new orders, and booked record backlog entering fiscal 2027.”
Super Micro Computer CEO, on the earnings call
Forward Guidance & Outlook
For Q1 FY2027 (ending September 30, 2026), Supermicro expects net sales of $14.5 billion to $15.5 billion, GAAP diluted EPS of $0.89 to $0.98, and non-GAAP diluted EPS of $1.01 to $1.10, assuming a tax rate of approximately 20.1% (GAAP) and 20.5% (non-GAAP), with fully diluted share counts of 745 million (GAAP) and 761 million (non-GAAP). Q1 FY2027 GAAP EPS includes approximately $106 million in stock-based compensation expense net of $32 million in related tax effects. For full fiscal year 2027, the company expects net sales of $65.0 billion to $72.0 billion.
SMCI YoY Financials
Figures from SEC filings and company reports. Not investment advice.