Filing Flows › Super Micro Computer (SMCI) › Q4 FY26 › vs Q3 FY26
Super Micro Computer (SMCI) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Super Micro Computer's revenue rose $877M (+9%) from $10.2B in Q3 FY26 to $11.1B in Q4 FY26. Gross margin 17.5% against 9.9% (+7.5 pts).
Super Micro Computer, Q4 FY26: revenue $11.1B (+93% year over year), operating margin 13.4%, net earnings $1.2B, operating cash flow $747M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Gross margin | 17.5% | 9.9% | +7.5 pts |
| Operating margin | 13.4% | 6.1% | +7.3 pts |
| Net margin | 10.6% | 4.7% | +5.9 pts |
| Free cash flow margin | 6.5% | -65.4% | +71.8 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $11.1B | $10.2B | $877M | +9% |
| Gross profit | $1.9B | $1.0B | $924M | +91% |
| Cost of revenue | $9.2B | $9.2B | −$47.2M | -0.5% |
| Operating profit | $1.5B | $626M | $862M | +138% |
| Operating expenses | $455M | $393M | $61.8M | +16% |
| Pre-tax earnings | $1.5B | $611M | $859M | +141% |
| Research & development | $201M | $216M | −$14.2M | -7% |
| Sales & marketing | $142M | $89.5M | $52.6M | +59% |
| General & admin | $111M | $87.6M | $23.3M | +27% |
| Net earnings | $1.2B | $483M | $695M | +144% |
| Income tax | $290M | $127M | $163M | +129% |
| Depreciation & amortization | $14.6M | $13.5M | $1.1M | +8% |
| Share-based compensation | $107M | $126M | −$19.4M | -15% |
| Working capital & other | $552M | $7.2B | −$6.7B | -92% |
| Operating cash flow | $747M | −$6.6B | $7.4B | — |
| Free cash flow (OCF − capex) | $719M | −$6.7B | $7.4B | — |
| Capital expenditures | $28.2M | $80.3M | −$52.0M | -65% |
Questions
How much did Super Micro Computer's revenue grow quarter over quarter in Q4 FY26?
Super Micro Computer's revenue rose $877M (+9%) from $10.2B in Q3 FY26 to $11.1B in Q4 FY26. Gross margin 17.5% against 9.9% (+7.5 pts).