Filing Flows › Super Micro Computer (SMCI) › Guidance history
Super Micro Computer (SMCI) guidance history: what it guided and what it reported
Super Micro Computer gave guidance in 15 earnings releases on file since Feb 11, 2025. Of 18 guided periods since reported, it met or beat its own guidance 8 times (44%). Revenue: 6 of 9, on average -0.6% against the guided midpoint. Its releases raised guidance twice and lowered it twice.
Revenue
Met or beat 6 of 9 periods (2 above, 4 within, 3 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q2 FY27 | $19.5B (Nov 3, 2026) | — | to be reported | — |
| Q1 FY27 | $14.5B (Aug 11, 2026) | $19.9B | above the range | +37.6% |
| FY27 | $65.0B–$72.0B (Aug 11, 2026) → raised $72.0B–$82.0B (Nov 3, 2026) | — | to be reported | — |
| Q4 FY26 | $11.0B (May 5, 2026) | $11.1B | within the range | +1.1% |
| FY26 | $33.0B (Aug 5, 2025) → reaffirmed $33.0B (Oct 23, 2025) → raised $36.0B (Nov 4, 2025) → raised $40.0B (Feb 3, 2026) → lowered $38.9B–$40.4B (May 5, 2026) | $39.1B | within the range | -1.5% |
| Q3 FY26 | $12.3B (Feb 3, 2026) | $10.2B | below the range | -16.7% |
| Q2 FY26 | $10.0B–$11.0B (Nov 4, 2025) | $12.7B | above the range | +20.8% |
| Q1 FY26 | $6.0B–$7.0B (Aug 5, 2025) | $5.0B | below the range | -22.8% |
| Q4 FY25 | $5.6B–$6.4B (May 6, 2025) | $5.8B | within the range | -4.0% |
| FY25 | $23.5B–$25.0B (Feb 11, 2025) → lowered $21.8B–$22.6B (May 6, 2025) | $22.0B | within the range | -1.0% |
GAAP gross margin
Met or beat 0 of 1 periods (0 above, 0 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 15.0%–17.0% (Jul 21, 2026) | — | to be reported | — |
| Q3 FY25 | 11.8%–11.9% (Feb 11, 2025) | 9.6% | below the range | -2.3 pts |
Gross margin
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 12.0%–12.5% (Oct 20, 2026) | — | to be reported | — |
Adjusted gross margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 15.0%–17.0% (Jul 21, 2026) | — | to be reported | — |
| Q3 FY25 | 11.8%–11.9% (Feb 11, 2025) | — | — | — |
GAAP tax rate
Met or beat 2 of 8 periods (6 above, 0 within, 2 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q2 FY27 | 21.2% (Nov 3, 2026) | — | to be reported | — |
| Q1 FY27 | 20.1% (Aug 11, 2026) | 21.4% | above the range | +1.4 pts |
| Q4 FY26 | 19.4% (May 5, 2026) | 19.7% | above the range | +0.3 pts |
| Q3 FY26 | 19.6% (Feb 3, 2026) | 20.8% | above the range | +1.2 pts |
| Q2 FY26 | 15.6% (Nov 4, 2025) | 19.8% | above the range | +4.2 pts |
| Q1 FY26 | 13.0% (Aug 5, 2025) | 19.3% | above the range | +6.3 pts |
| Q4 FY25 | 14.9% (May 6, 2025) | 9.0% | below the range | -5.9 pts |
| FY25 | 5.1% (Apr 29, 2025) | 13.0% | above the range | +7.9 pts |
| Q3 FY25 | 10.7% (Feb 11, 2025) | 5.1% | below the range | -5.6 pts |
Adjusted tax rate
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q2 FY27 | 21.1% (Nov 3, 2026) | — | to be reported | — |
| Q1 FY27 | 20.5% (Aug 11, 2026) | — | — | — |
| Q4 FY26 | 20.4% (May 5, 2026) | — | — | — |
| Q3 FY26 | 20.2% (Feb 3, 2026) | — | — | — |
| Q2 FY26 | 16.8% (Nov 4, 2025) | — | — | — |
| Q1 FY26 | 15.5% (Aug 5, 2025) | — | — | — |
| Q4 FY25 | 16.5% (May 6, 2025) | — | — | — |
| FY25 | 15.5% (Apr 29, 2025) | — | — | — |
| Q3 FY25 | 12.7% (Feb 11, 2025) | — | — | — |
The latest quarter
Super Micro Computer, Q1 FY27: revenue $19.9B (+298% year over year), operating margin 10.4%, net earnings $1.6B, operating cash flow −$434M. The chart follows the revenue to costs, profit and cash.
Questions
Does Super Micro Computer beat its guidance?
Super Micro Computer gave guidance in 15 earnings releases on file since Feb 11, 2025. Of 18 guided periods since reported, it met or beat its own guidance 8 times (44%). Revenue: 6 of 9, on average -0.6% against the guided midpoint.
How often does Super Micro Computer raise guidance?
Its earnings releases raised guidance twice and lowered it twice since Feb 11, 2025.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.