SMCI
Super Micro Computer, Inc.
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Super Micro Computer, Inc..
Coverage
Supermicro Beat Every Estimate on the Street. Then It Guided the Margin Away.
Supermicro Q4 FY2026: gross margin 17.47% against its own 15–17% preliminary range, GAAP EPS $1.62 against a $0.71–$1.33 consensus span, and FY2027 revenue guided to $65–72B. The Q1 guide has revenue up 30–39% sequentially and net income down 38–44%.
Supermicro Already Told Us the Revenue Missed and the Margin Doubled. Tonight Is About Which One Matters.
Supermicro pre-announced Q4 FY2026 on July 21: revenue near the low end of $11.0–12.5B, but gross margin of 15–17% against guidance of 8.2–8.4%, and more than $60B of new orders. Analyst EPS estimates now span $0.71 to $1.33. Here is what the pre-announcement did and did not settle.
Super Micro Books $60 Billion in New Orders — Even as Full Q4 Revenue Lands Near the Low End
Supermicro's preliminary Q4 FY2026 update showed revenue tracking near the low end of guidance, but gross margins nearly doubled and new orders topped $60 billion, sending shares sharply higher. We break down what the record backlog means for the AI server buildout — and the export-control cloud still hanging over the stock.
Earnings release dates
| Quarter | End date | Publication date | Release |
|---|---|---|---|
| FY2026 Q4 | 2026-06-30 | 2026-08-11 | Details → |
| FY2026 Q3 | 2026-03-31 | 2026-05-05 | Details → |
| FY2026 Q2 | 2025-12-31 | Details → | |
| FY2026 Q1 | 2025-09-30 | Details → | |
| FY2025 Q4 | 2025-06-30 | Details → | |
| FY2025 Q3 | 2025-03-31 | Details → | |
| FY2025 Q2 | 2024-12-31 | Details → | |
| FY2025 Q1 | 2024-09-30 | Details → | |
| FY2024 Q4 | 2024-06-30 | Details → | |
| FY2024 Q3 | 2024-03-31 | Details → | |
| FY2024 Q2 | 2023-12-31 | Details → | |
| FY2024 Q1 | 2023-09-30 | Details → | |
| FY2023 Q4 | 2023-06-30 | Details → | |
| FY2023 Q3 | 2023-03-31 | Details → | |
| FY2023 Q2 | 2022-12-31 | Details → |
Company History
Charles Liang and Sara Liu found Super Micro Computer in San Jose, California, focused on modular, high-performance server motherboards.
Supermicro goes public on Nasdaq under ticker SMCI, raising about $64 million by selling 8 million shares at $8 each.
Hindenburg Research alleges accounting irregularities and undisclosed related-party transactions; auditor Ernst & Young resigns; Supermicro delays its FY2024 10-K and faces a real Nasdaq delisting deadline.
An independent special committee finds no evidence of management or board misconduct; Supermicro files its outstanding financial statements with new auditor BDO USA by the February 25, 2025 Nasdaq deadline and regains listing compliance.
Revenue and backlog surge on AI server demand (over $60 billion in new orders in Q4 FY2026 alone) even as a fresh independent board investigation examines export-control allegations tied to a March 2026 DOJ indictment of a co-founder and two others.
