Filing Flows › Super Micro Computer (SMCI) › Q3 FY26
Super Micro Computer (SMCI) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 11, 2026
Super Micro Computer (SMCI) reported revenue of $10.2B for the third quarter fiscal 2026 (Q3 FY26), +123% from a year earlier and -19% from the quarter before. Operating margin was 6.1%, net earnings $483M (4.7% of revenue).
Super Micro Computer, Q3 FY26: revenue $10.2B (+123% year over year), operating margin 6.1%, net earnings $483M, operating cash flow −$6.6B. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.2B | -19% | +123% |
| Gross profit | $1.0B | +28% | +131% |
| Operating profit | $626M | +32% | +326% |
| Net earnings | $483M | +21% | +344% |
| Operating cash flow | −$6.6B | — | -1155% |
What changed
Revenue was $10.2B in Q3 FY26, up 123% year over year and down 19% from the previous quarter.
Gross margin was 9.9%, up 0.4 points from Q3 FY25. Operating profit was $0.63B, a 6.1% margin (up 2.9 points year over year). Of the extra revenue versus Q3 FY25, 8% reached operating profit, above the 3% margin then. Operating expenses grew 34% against revenue growth of 123%. The fastest-growing cost line was Sales & marketing (+49%). Net earnings were $0.48B, up 344% year over year. The effective tax rate was 20.8%.
Operating cash flow was −$6.6B. Non-cash charges added back $0.01B of depreciation and amortization and $0.13B of share-based compensation. Working capital and other items used $7.2B. Capital expenditures of $0.08B exceeded it, leaving free cash flow of −$6.7B.
Questions
What was Super Micro Computer's revenue in the third quarter fiscal 2026?
Super Micro Computer (SMCI) reported revenue of $10.2B for the third quarter fiscal 2026 (Q3 FY26), +123% from a year earlier and -19% from the quarter before.
Was Super Micro Computer profitable in the third quarter fiscal 2026?
Operating profit was $626M (6.1% of revenue) and net earnings $483M.