Supermicro Q4 Revenue Hits $11.1B, Margins Surge to 17.5%, Guides FY2027 Sales to $65B-$72B
SMCI sits 76% above its 52-week low of $19.48.
Summary
Supermicro reported Q4 FY2026 revenue of $11.1B, gross margin of 17.5%, and net income of $1.18B, with full-year revenue of $39.1B. The company guided for Q1 FY2027 revenue of $14.5-$15.5B and full-year FY2027 revenue of $65-$72B, reflecting massive AI-driven demand.
Key Events · Earnings and Guidance · SMCI
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Q4 Revenue and Margin Surge
Net sales in Q4 FY2026 reached $11.1B, up from $10.2B in Q3'26 and $5.8B in Q4'25. Gross margin expanded to 17.5% from 9.9% sequentially, driving net income to $1,178M and diluted EPS of $1.62.
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Full-Year FY2026 Results
Full-year net sales were $39.1B, up 78% from $22.0B in FY2025. Net income was $2.2B, or $3.26 per diluted share, compared to $1.0B, or $1.68 per diluted share, in the prior year.
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FY2027 Guidance Implies Continued Hypergrowth
Q1 FY2027 guidance: net sales $14.5B-$15.5B, GAAP diluted EPS $0.89-$0.98. Full-year FY2027 guidance: net sales $65.0B-$72.0B, more than double the FY2026 revenue.
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Balance Sheet Strengthened by Recent Equity Raise
Cash and cash equivalents stood at $7.5B as of June 30, 2026, following the $7B equity and equity-linked financing in June 2026. Total bank debt and convertible notes were $8.7B.
Analysis · SMCI · Technology
A blowout quarter underscores the massive AI infrastructure buildout, with revenue jumping to $11.1 billion and gross margins nearly doubling sequentially to 17.5%, driving net income to $1.18 billion. Full-year revenue of $39.1 billion and net income of $2.2 billion further highlight the scale. Looking ahead, guidance points to continued hypergrowth—$14.5-$15.5 billion in Q1 FY2027 and a staggering $65-$72 billion for the full year. This comes just two months after a $7 billion equity raise that diluted shareholders but fortified the balance sheet with $7.5 billion in cash against $8.7 billion in debt, positioning the company to fund the $60 billion order backlog and new customer wins mentioned by the CEO.
At the time of this filing, SMCI was trading at $34.35 on NASDAQ in the Technology sector, with a market capitalization of approximately $20.4B. The 52-week trading range was $19.48 to $58.78. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.