Companies /Technology

Super Micro Computer Inc

NASDAQ: SMCI Computer Hardware
$39.09
▼ $1.26 (−3.12%) today
Markets closed · 2:50am ET

Q2 2026 Earnings

Reported Feb 3, 2026, 4:51pm ET · SEC source
$0.69
Beat +41.42%
EPS · est. $0.49
$12.7B
Beat +22.64%
Revenue · est. $10.3B
−4.1%
Trailing market
SMCI vs S&P since report
3 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−6%0+6%Feb 3Feb 4report 4:51pm ETearnings−0.1%+4.3%
−6%0+6%Feb 3Feb 4earnings−0.1%+4.3%
SMCI +4.3%S&P 500 −0.1%
−6%0+6%Feb 3Feb 4report 4:51pm ETearnings−1.2%+4.3%
−6%0+6%Feb 3Feb 4earnings−1.2%+4.3%
SMCI +4.3%NASDAQ −1.2%
−5%0+5%Feb 2Feb 11report 4:51pm ETearnings+0.5%+1.4%
−5%0+5%Feb 2Feb 11earnings+0.5%+1.4%
SMCI +1.4%S&P 500 +0.5%
−5%0+5%Feb 2Feb 11report 4:51pm ETearnings−0.4%+1.4%
−5%0+5%Feb 2Feb 11earnings−0.4%+1.4%
SMCI +1.4%NASDAQ −0.4%
+13.78%
Day of report
−8.62%
Next session
−5.09%
One week
−5.27%
30 days

S&P 500 over the same 30 days: −1.15%.

Did SMCI Beat Earnings? Q2 2026 Results

Super Micro Computer delivered a blowout fiscal second quarter, posting revenue of $12.68 billion, a 123.4% year-over-year surge that left <a href="https://247wallst.com/investing/2026/02/03/super-micro-computer-reports-after-the-close-and-wall-street-expects-82-revenue-growth/">Wall Street's pre-report estimates</a> far behind the actual result. The top-line beat was equally striking on a consensus basis, coming in 22.64% above the $10.34 billion analyst forecast, while non-GAAP diluted EPS of $0.69 topped the $0.49 consensus by 41.42%. The primary engine behind the explosive growth was accelerating demand for AI infrastructure, though that momentum came at a cost, with GAAP gross margin compressing sharply to 6.3% from 11.8% a year ago as the company leaned into aggressive pricing and lower-margin AI server configurations. Despite the margin squeeze, net income grew to $400.56 million from $320.60 million in the year-ago period, with volume more than compensating for thinner per-unit returns. Looking ahead, Supermicro guided Q3 FY2026 revenue to at least $12.30 billion with non-GAAP EPS of at least $0.60, and raised its full-year FY2026 revenue outlook to at least $40.00 billion.

Key Takeaways
  • Strong AI server and storage technology demand driving massive revenue growth
  • Expanding global manufacturing footprint enabling scale
  • Strong customer engagements for large AI and enterprise deployments

“With our leading AI server and storage technology foundation, strong customer engagements, and expanding global manufacturing footprint, we are scaling rapidly to support large AI and enterprise deployments while continuing to strengthen our operational and financial execution.”

Super Micro Computer CEO, on the earnings call

Forward Guidance & Outlook

For Q3 FY2026 (ending March 31, 2026), Supermicro expects net sales of at least $12.3 billion, GAAP net income per diluted share of at least $0.52, and non-GAAP net income per diluted share of at least $0.60, assuming a GAAP tax rate of approximately 19.6%, a non-GAAP tax rate of approximately 20.2%, and diluted share counts of 684 million (GAAP) and 699 million (non-GAAP). Q3 guidance includes approximately $62 million in expected stock-based compensation (net of $19 million tax effects). For the full fiscal year 2026, the company expects net sales of at least $40.0 billion.

SMCI YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$4.0B$8.0B$12.0B$5.7B$12.7BRevenue$670.0M$798.6MGross Profit$368.6M$474.3MOperating Income$320.6M$400.6MNet Income
$0$4.0B$8.0B$12.0BRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.