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Super Micro Computer (SMCI) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 6, 2026
Super Micro Computer (SMCI) reported revenue of $12.7B for the second quarter fiscal 2026 (Q2 FY26), +123% from a year earlier and +153% from the quarter before. Operating margin was 3.7%, net earnings $401M (3.2% of revenue).
Super Micro Computer, Q2 FY26: revenue $12.7B (+123% year over year), operating margin 3.7%, net earnings $401M, operating cash flow −$23.9M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.7B | +153% | +123% |
| Gross profit | $799M | +71% | +19% |
| Operating profit | $474M | +160% | +29% |
| Net earnings | $401M | +138% | +25% |
| Operating cash flow | −$23.9M | — | — |
What changed
Revenue was $12.7B in Q2 FY26, up 123% year over year and up 153% from the previous quarter.
Gross margin was 6.3%, down 5.5 points from a year earlier. Operating profit was $0.47B, a 3.7% margin (down 2.8 points year over year). Of the extra revenue versus a year earlier, 2% reached operating profit, below the 6% margin then. Operating expenses grew 8% against revenue growth of 123%. The fastest-growing cost line was Research & development (+14%). Net earnings were $0.40B, up 25% year over year. The effective tax rate was 19.8%.
Operating cash flow was −$0.02B. Non-cash charges added back $0.01B of depreciation and amortization and $0.09B of share-based compensation. Working capital and other items used $0.53B. Capital expenditures of $0.02B exceeded it, leaving free cash flow of −$0.05B.
Questions
What was Super Micro Computer's revenue in the second quarter fiscal 2026?
Super Micro Computer (SMCI) reported revenue of $12.7B for the second quarter fiscal 2026 (Q2 FY26), +123% from a year earlier and +153% from the quarter before.
Was Super Micro Computer profitable in the second quarter fiscal 2026?
Operating profit was $474M (3.7% of revenue) and net earnings $401M.