Companies /Technology

Super Micro Computer Inc

NASDAQ: SMCI Computer Hardware
$37.08
▼ $1.38 (−3.59%) today
Markets closed · 4:01am ET

Q3 2026 Earnings

Reported May 5, 2026, 4:08pm ET · SEC source
$0.84
Beat +34.51%
EPS · est. $0.62
$10.2B
Miss −17.75%
Revenue · est. $12.5B
+26.2%
Beating market
SMCI vs S&P since report
3 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−8%0+8%+16%May 5May 6report 4:08pm ETearnings+1.3%+14.8%
−8%0+8%+16%May 5May 6earnings+1.3%+14.8%
SMCI +14.8%S&P 500 +1.3%
−7%0+7%+14%May 5May 6report 4:08pm ETearnings+1.9%+14.8%
−7%0+7%+14%May 5May 6earnings+1.9%+14.8%
SMCI +14.8%NASDAQ +1.9%
−16%−8%0+8%May 4May 13report 4:08pm ETearnings+2.5%−1.6%
−16%−8%0+8%May 4May 13earnings+2.5%−1.6%
SMCI −1.6%S&P 500 +2.5%
−16%−8%0+8%May 4May 13report 4:08pm ETearnings+4.8%−1.6%
−16%−8%0+8%May 4May 13earnings+4.8%−1.6%
SMCI −1.6%NASDAQ +4.8%
+24.54%
Day of report
−3.00%
Next session
−7.67%
One week
+26.92%
30 days

S&P 500 over the same 30 days: +0.73%.

Did SMCI Beat Earnings? Q3 2026 Results

Super Micro Computer delivered a split verdict in fiscal Q3 2026, posting an earnings beat that was overshadowed by a meaningful revenue shortfall. The AI server maker earned $0.84 per diluted share on a non-GAAP basis, ahead of the $0.62 consensus estimate by 34.51%, but net sales of $10.24 billion fell roughly 17.75% short of the $12.45 billion Wall Street had anticipated, even as revenue more than doubled the $4.60 billion reported a year ago, a 122.7% year-over-year gain. The key story behind the profit beat was a sharp margin recovery, with GAAP gross margin climbing to 9.9% from just 6.3% in the prior quarter, partially offsetting concerns about sequential revenue softness. The results carry an asterisk, however, as the figures remain preliminary and unaudited while the Board conducts an independent review tied to export-control matters. Ahead of the print, analysts had flagged legal and governance risks as overhangs. Looking ahead, management guided Q4 revenue of $11.00 billion to $12.50 billion and full-year fiscal 2026 sales of $38.90 billion to $40.40 billion.

Key Takeaways
  • Gross margin recovery to 9.9% GAAP and 10.1% non-GAAP from 6.3% sequentially
  • Rapid growth in DCBBS business
  • Revenue more than doubled year-over-year from $4.6 billion to $10.2 billion
  • Net income grew to $483 million from $109 million year-over-year

“Supermicro's transformation into a total datacenter infrastructure provider is accelerating. Our margin recovery and the rapid growth of our DCBBS business demonstrate that our business remains robust. With the addition of our new US manufacturing facilities in Silicon Valley, we are exceptionally well-positioned to meet the massive demand for various AI and enterprise verticals.”

Super Micro Computer CEO, on the earnings call

Forward Guidance & Outlook

For Q4 FY2026 (ending June 30, 2026), Supermicro expects net sales of $11.0 billion to $12.5 billion, GAAP diluted EPS of $0.53 to $0.67, and non-GAAP diluted EPS of $0.65 to $0.79, assuming tax rates of approximately 19.4% (GAAP) and 20.4% (non-GAAP) and diluted share counts of 695 million (GAAP) and 712 million (non-GAAP). Q4 guidance includes approximately $95 million in expected stock-based compensation, net of $30 million in related tax effects. For full fiscal year 2026, the company expects net sales of $38.9 billion to $40.4 billion.

SMCI YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$3.0B$6.0B$9.0B$4.6B$10.2BRevenue$440.2M$1.0BGross Profit$146.8M$625.9MOperating Income$108.8M$483.4MNet Income
$0$3.0B$6.0B$9.0BRevenueGross ProfitOperating IncomeNet Income

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