Super Micro Computer, Inc. · FY2026 Q4
ReportedAug 11, 2026
Period endedJun 30, 2026
Rule of 40+100
Consensus vs reported
EPS
BEAT +69%
$1.62
vs $0.96 expected
QoQ+125.0%
YoY+422.6%
Revenue
MISS -4%
$11.12B
vs $11.55B expected
QoQ+8.6%
YoY+93.2%
QoQ and YoY are measured on the same basis as each panel's own consensus, so no panel compares two different measures.
Reported this quarter
Revenue
$11.12B
QoQ +8.6%
YoY +93.2%
EPS
$1.62
QoQ +125.0%
YoY +422.6%
Free Cash Flow
$719M
QoQ —
YoY -14.5%
Gross Margin
17.5%
QoQ +7.5 pp
YoY +8.0 pp
FCF Margin
6.5%
QoQ +71.8 pp
YoY -8.1 pp
Each tile opens the full quarterly series. Download the numbers as CSV or JSON.
What we learned
- The quarter cleared every estimate and the guide takes the margin back. GAAP EPS of $1.62 against a $0.71–$1.33 consensus span — 22% past the high end — with gross margin of 17.47% above the company's own pre-announced 15–17%.
- The full year says the opposite of the quarter. FY2026 gross margin was 10.82%, below FY2025's 11.06%. One 17.47% quarter sits on top of 9.31%, 6.30% and 9.95%.
- The beat is operating leverage on a single quarter's gross profit. Gross profit rose 257% on revenue that roughly doubled while operating expenses grew 44%, so nearly all the incremental gross profit fell through.
- Management's explanation is mix, not price. "A richer enterprise customer mix and broader adoption" of DCBBS is a claim about which customers bought, not about pricing power — and it is the claim the next print tests.
- Cash turned in the quarter and the year still burned. +$719M of free cash flow in Q4 against −$6.97B for FY2026. The preferred is now visible too: $13.1M of preferred dividends and a guided share count rising to 745M from 705M .
Coverage around this release
R40
Supermicro's Board Review Found No Evidence That Current Senior Management Knew. That Clears One More Blocker Between $37.00 and Our $60.79 Base Case.
News · Aug 20, 2026
R40
Supermicro Beat Every Estimate on the Street. Then It Guided the Margin Away.
News · Aug 12, 2026
R40
Supermicro Already Told Us the Revenue Missed and the Margin Doubled. Tonight Is About Which One Matters.
News · Aug 11, 2026
R40
Super Micro Books $60 Billion in New Orders — Even as Full Q4 Revenue Lands Near the Low End
News · Jul 21, 2026
Estimate against reported
Our published estimate
Reported EPS
| Quarter | Estimate | Reported | Surprise |
|---|---|---|---|
| FY2025 Q1 | — | $0.67 | — |
| FY2025 Q2 | — | $0.51 | — |
| FY2025 Q3 | — | $0.17 | — |
| FY2025 Q4 | — | $0.31 | — |
| FY2026 Q1 | — | $0.26 | — |
| FY2026 Q2 | — | $0.60 | — |
| FY2026 Q3 | — | $0.72 | — |
| FY2026 Q4 | $0.96 | $1.62 | +69% |
Estimates are the consensus we published on our own preview for that quarter; quarters we did not preview carry the reported figure only. Where a consensus was set on a non-GAAP basis, the reported column shows that same measure.
Sources & downloads
Company
Published by the company on the day of the release.
HTML
Earnings press release
Investor relations announcement
SEC filings
Filed with the SEC under CIK 1375365.
JSON
Company facts (XBRL)
Every figure SMCI has reported to the SEC
R40 data
The numbers shown on this page, as we hold them.
CSV
This quarter (CSV)
Reported metrics for FY2026 Q4, spreadsheet-ready
JSON
This quarter (JSON)
Metrics, dates and matched filings