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Super Micro Computer (SMCI) earnings and revenue breakdown

Latest: Q1 FY27 · 10-Q filed Nov 6, 2026 · Super Micro Computer (SMCI) Q1 FY27 earnings results →

Q1 FY27 Revenue up 298% year over year to $19.9B · 8¢ of every $1 of revenue kept as net profit · operating margin 10.4%

Super Micro Computer made $19.9B in Q1 FY27 (+298% Y/Y). Operating margin 10.4%, net earnings $1.6B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.

Revenue$19.9B
Year over year+298%
Operating margin10.4%
Net earnings$1.6B
Operating cash flow−$434M

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Super Micro Computer Q1 FY27 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
Super Micro Computer Q1 FY27 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $19.9B in Q1 FY27, up 298% year over year and up 79% from the previous quarter.

Gross margin was 12.7%, up 3.4 points from Q1 FY26. Operating profit was $2.1B, a 10.4% margin (up 6.7 points year over year). Of the extra revenue versus Q1 FY26, 13% reached operating profit, above the 4% margin then. Operating expenses grew 67% against revenue growth of 298%. The fastest-growing cost line was Sales & marketing (+177%). Net earnings were $1.6B, up 847% year over year. The effective tax rate was 21.4%.

Operating cash flow was −$0.43B. Non-cash charges added back $0.02B of depreciation and amortization and $0.10B of share-based compensation. Working capital and other items used $2.1B. Capital expenditures of $0.04B exceeded it, leaving free cash flow of −$0.48B.

Quarterly history

Super Micro Computer revenue by quarterSuper Micro Computer revenue by quarter$4.6BQ3 FY25$5.8BQ4 FY25$5.0BQ1 FY26$12.7BQ2 FY26$10.2BQ3 FY26$11.1BQ4 FY26$19.9BQ1 FY27
Super Micro Computer net earnings by quarterSuper Micro Computer net earnings by quarter$109MQ3 FY25$195MQ4 FY25$168MQ1 FY26$401MQ2 FY26$483MQ3 FY26$1.2BQ4 FY26$1.6BQ1 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q1 FY2710-QNov 6, 2026$19.9B+298%10.4%$1.6B−$434M
Q4 FY2610-KAug 31, 2026$11.1B+93%13.4%$1.2B$747M
Q3 FY2610-QMay 11, 2026$10.2B+123%6.1%$483M−$6.6B
Q2 FY2610-QFeb 6, 2026$12.7B+123%3.7%$401M−$23.9M
Q1 FY2610-QNov 7, 2025$5.0B-16%3.6%$168M−$918M
Q4 FY2510-KAug 28, 2025$5.8B+8%4.0%$195M$864M
Q3 FY2510-QMay 12, 2025$4.6B+20%3.2%$109M$627M

Charts

Super Micro Computer: revenue growth, year over year and quarter over quarterSuper Micro Computer: revenue growth, year over year and quarter over quarterY/YQ/Q+20%Q3 FY25+8%+25%Q4 FY25-16%-13%Q1 FY26+123%+153%Q2 FY26+123%-19%Q3 FY26+93%+9%Q4 FY26+298%+79%Q1 FY27
Latest (Q1 FY27): Y/Y +298%, Q/Q +79%.
Super Micro Computer: where the cash came from (+) and went (−), TTM to Q1 FY27Super Micro Computer: where the cash came from (+) and went (−), TTM to Q1 FY27Operating cash flow−$6.3BOther financing$5.6BNet borrowing (+) / repaid (−)$3.8BCash drawn (+) / kept (−)−$2.8BCapital spending−$171MTaxes on employees’ shares−$119MOther investing−$43.3MShares issued$41.4MExchange rates−$4.8M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Super Micro Computer: profit against cash, quarter by quarterSuper Micro Computer: profit against cash, quarter by quarterNet incomeOperating cash flow$321M−$240MQ2 FY25$109M$627MQ3 FY25$195M$864MQ4 FY25$168M−$918MQ1 FY26$401M−$23.9MQ2 FY26$483M−$6.6BQ3 FY26$1.2B$747MQ4 FY26$1.6B−$434MQ1 FY27
Latest (Q1 FY27): Net income $1.6B, Operating cash flow −$434M.
Super Micro Computer: diluted shares by fiscal year (split-adjusted)Super Micro Computer: diluted shares by fiscal year (split-adjusted)535MFY21536MFY22560MFY23602MFY24628MFY25697MFY26
+30.3% since FY21: more shares outstanding (issuance, stock pay); earlier years scaled for the 10-for-1 split before FY22.
Super Micro Computer: long-term debt falling due (FY26)Super Micro Computer: long-term debt falling due (FY26)$2.0B2027$6.1M2028$5.4M2029$4.9M2030$2.0B2031
Cash $7.5B, short-term investments $23.1M, long-term debt — at 2026-06-30.
Super Micro Computer in its industry: growth against margin (6 companies, SIC 3571)Super Micro Computer in its industry: growth against margin (6 companies, SIC 3571)revenue growth, year over year →↑ operating marginmedian +36%median 10%AAPLDELLOMCLOSSSCKTSMCI (+298%, 10%)
Electronic Computers; dot size is quarterly revenue; dashed lines are the industry's medians.

In supply chains and themes

AI data-center capex money flowAI data-center capex · Servers & ODMs (gross profit only)

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

About Super Micro Computer

We are a Silicon Valley-based provider of total information technology ("IT") solutions which address demanding workloads from the enterprise and cloud to the intelligent edge. We deliver rack-scale solutions optimized for various workloads, including artificial intelligence (“AI”) and high-performance computing (“HPC”), where acceleration is critical. Additionally, we offer an extensive portfolio of server and storage solutions for enterprise data centers, cloud service providers ("CSPs"), and edge computing applications, such as 5G Telco, Retail and embedded.

In its own words, from its 10-K, filed Aug 31, 2026.

Super Micro Computer against its Electronic Computers peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +298% against the peers' median +36%. Operating margin: 10.4% against the peers' median 10.4%.

CompanyQuarterRevenueY/YOp. margin
SMCI Super Micro ComputerQ1 FY27$19.9B+298%10.4%
AAPL AppleQ4 FY26$114.5B+12%31.1%
DELL Dell TechnologiesQ2 FY27$47.0B+58%11.5%
OMCL OmnicellQ3 2026$308M-0.9%4.9%
OSS One Stop SystemsQ3 2026$12.6M+36%-6.6%
SCKT Socket MobileQ3 2026$3.4M+9%-19.0%

Source: Super Micro Computer 10-Q on SEC EDGAR · CIK 1375365 · Electronic Computers

Guidance and outlook

Super Micro Computer Revenue: guidance against what was reportedSuper Micro Computer Revenue: guidance against what was reportedguided rangereported (above / within / below)Q1 FY26$5.0BQ2 FY26$12.7BQ3 FY26$10.2BFY26$39.1BQ4 FY26$11.1BFY27Q1 FY27$19.9BQ2 FY27
Met or beat 6 of 9 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Super Micro Computer GAAP gross margin: guidance against what was reportedSuper Micro Computer GAAP gross margin: guidance against what was reportedguided rangereported (above / within / below)Q3 FY259.6%FY27
Met or beat 0 of 1 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Super Micro Computer: what its forward-looking statements are about (10-Q filed 2026-11-06)Super Micro Computer: what its forward-looking statements are about (10-Q filed 2026-11-06)Demand4AI2Costs2Other2Tax1Financing1Supply chain1
13 statements; tone +0.61 (−1 all cautious, +1 all confident); 1 hedged.
Super Micro Computer: outlook statements against the filing beforeSuper Micro Computer: outlook statements against the filing beforeNew1Updated1Dropped7Confident8

13F: who owns SMCI and who is buying

Largest holders of SMCI (13F)Largest holders of SMCI (13F)Vanguard Group$2.0BBlackRock$1.4BVanguard Capital Management LLC$1.1BVanguard Portfolio Management LLC$964MJane Street Group, LLC$844MState Street$723MUBS Group AG$578MGeode Capital Management, LLC$453MInvesco$344MGoldman Sachs Group$325M
Funds' net buying of SMCI by quarter (13F)Funds' net buying of SMCI by quarter (13F)$480M2024-09$1.6B2024-12−$366M2025-03$113M2025-06$487M2025-09$306M2025-12$251M2026-03$3.0B2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on SMCI

History

Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results

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中文版：超微电脑（SMCI）财报

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