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Super Micro Computer (SMCI) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Aug 31, 2026
Super Micro Computer (SMCI) reported revenue of $11.1B for the fourth quarter fiscal 2026 (Q4 FY26), +93% from a year earlier and +9% from the quarter before. Operating margin was 13.4%, net earnings $1.2B (10.6% of revenue).
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 follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.1B | +9% | +93% |
| Gross profit | $1.9B | +91% | +257% |
| Operating profit | $1.5B | +138% | +552% |
| Net earnings | $1.2B | +144% | +504% |
| Operating cash flow | $747M | — | -14% |
| Free cash flow | $719M | — | -15% |
What changed
Revenue was $11.1B in Q4 FY26, up 93% year over year and up 9% from the previous quarter.
Gross margin was 17.5%, up 8.0 points from Q4 FY25. Operating profit was $1.5B, a 13.4% margin (up 9.4 points year over year). Of the extra revenue versus Q4 FY25, 23% reached operating profit, above the 4% margin then. Operating expenses grew 44% against revenue growth of 93%. The fastest-growing cost line was Sales & marketing (+119%). Net earnings were $1.2B, up 504% year over year. The effective tax rate was 19.7%.
Operating cash flow was $0.75B (down 14% year over year), 63% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.11B of share-based compensation. Working capital and other items used $0.55B. Capital expenditures of $0.03B left free cash flow of $0.72B.
Questions
What was Super Micro Computer's revenue in the fourth quarter fiscal 2026?
Super Micro Computer (SMCI) reported revenue of $11.1B for the fourth quarter fiscal 2026 (Q4 FY26), +93% from a year earlier and +9% from the quarter before.
Was Super Micro Computer profitable in the fourth quarter fiscal 2026?
Operating profit was $1.5B (13.4% of revenue) and net earnings $1.2B.