Filing Flows › Super Micro Computer (SMCI) › Q1 FY26
Super Micro Computer (SMCI) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 7, 2025
Super Micro Computer (SMCI) reported revenue of $5.0B for the first quarter fiscal 2026 (Q1 FY26), -15% from a year earlier and -13% from the quarter before. Operating margin was 3.6%, net earnings $168M (3.4% of revenue).
Super Micro Computer, Q1 FY26: revenue $5.0B (-16% year over year), operating margin 3.6%, net earnings $168M, operating cash flow −$918M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.0B | -13% | -15% |
| Gross profit | $467M | -14% | -40% |
| Operating profit | $182M | -20% | -64% |
| Net earnings | $168M | -14% | -60% |
| Operating cash flow | −$918M | -206% | — |
What changed
Revenue was $5.0B in Q1 FY26, down 15% year over year and down 13% from the previous quarter.
Gross margin was 9.3%, down 3.7 points from a year earlier. Operating profit was $0.18B, a 3.6% margin (down 4.9 points year over year). Operating expenses grew 7% against a revenue fall of 15%. The fastest-growing cost line was Research & development (+31%). Net earnings were $0.17B, down 60% year over year. The effective tax rate was 19.3%.
Operating cash flow was −$0.92B. Non-cash charges added back $0.01B of depreciation and amortization and $0.09B of share-based compensation. Working capital and other items used $1.2B. Capital expenditures of $0.03B exceeded it, leaving free cash flow of −$0.95B.
Questions
What was Super Micro Computer's revenue in the first quarter fiscal 2026?
Super Micro Computer (SMCI) reported revenue of $5.0B for the first quarter fiscal 2026 (Q1 FY26), -15% from a year earlier and -13% from the quarter before.
Was Super Micro Computer profitable in the first quarter fiscal 2026?
Operating profit was $182M (3.6% of revenue) and net earnings $168M.