OpenNashEarnings

Semiconductors · Nasdaq: SMCI

Super Micro Computer earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends June · next results expected around 2 Feb 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q1 FY2027

Supermicro reported first quarter fiscal 2027 net sales of $19.9 billion versus $5.0 billion in Q1'26, net income of $1,594 million and non-GAAP diluted net income per common share of $1.81.

Supermicro had a record quarter. Net sales were $19.9 billion, up from $5.0 billion a year earlier and $11.1 billion in the prior quarter. Net income reached $1,594 million. About $2.3 billion of revenue was catch-up from deployments delayed from earlier quarters. AI solutions made up about 71% of revenue. One customer was 44% of revenue. Gross margin fell to 12.7% from 17.5% last quarter as large AI deployments carried lower margins. Operating cash flow was negative $434 million.

Read the Q1 FY2027 summary →Q1 FY2027 slides (PDF) ↗Official transcript (PDF) ↗

Quarters

KPI history

Revenue$19.9B+297.5% y/yQ1 FY27
Q2 FY25: $5.7BQ2 25$5.7BQ3 FY25: $4.6BQ3 25$4.6BQ4 FY25: $5.8B (worked out from the annual figure)Q4 25$5.8BQ1 FY26: $5.0BQ1 26$5.0BQ2 FY26: $12.7BQ2 26$12.7BQ3 FY26: $10.2BQ3 26$10.2BQ4 FY26: $11.1B (worked out from the annual figure)Q4 26$11.1BQ1 FY27: $19.9BQ1 27$19.9B

Fourth quarter worked out from the annual figure.

Data
Q2 FY25$5.7B
Q3 FY25$4.6B
Q4 FY25$5.8B *
Q1 FY26$5.0B
Q2 FY26$12.7B
Q3 FY26$10.2B
Q4 FY26$11.1B *
Q1 FY27$19.9B
Diluted EPS (GAAP)$1.75+573.1% y/yQ1 FY27
Q2 FY25: $0.51Q2 25$0.51Q3 FY25: $0.17Q3 25$0.17Q1 FY26: $0.26Q1 26$0.26Q2 FY26: $0.60Q2 26$0.60Q3 FY26: $0.72Q3 26$0.72Q1 FY27: $1.75Q1 27$1.75
Data
Q2 FY25$0.51
Q3 FY25$0.17
Q1 FY26$0.26
Q2 FY26$0.60
Q3 FY26$0.72
Q1 FY27$1.75

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin10.4%+6.8 pts y/yQ1 FY27
Q2 FY25: 6.5%Q2 256.5%Q3 FY25: 3.2%Q3 253.2%Q4 FY25: 4.0%Q4 254.0%Q1 FY26: 3.6%Q1 263.6%Q2 FY26: 3.7%Q2 263.7%Q3 FY26: 6.1%Q3 266.1%Q4 FY26: 13.4%Q4 2613.4%Q1 FY27: 10.4%Q1 2710.4%
Data
Q2 FY256.5%
Q3 FY253.2%
Q4 FY254.0%
Q1 FY263.6%
Q2 FY263.7%
Q3 FY266.1%
Q4 FY2613.4%
Q1 FY2710.4%
Free cash flow-$475.6M+49.9% y/yQ1 FY27
Q2 FY25: -$267.3MQ2 25-$267.3MQ3 FY25: $594.1MQ3 25$594.1MQ4 FY25: $840.9MQ4 25$840.9MQ1 FY26: -$949.8MQ1 26-$949.8MQ2 FY26: -$45.1MQ2 26-$45.1MQ3 FY26: -$6.7BQ3 26-$6.7BQ4 FY26: $718.7MQ4 26$718.7MQ1 FY27: -$475.6MQ1 27-$475.6M
Data
Q2 FY25-$267.3M
Q3 FY25$594.1M
Q4 FY25$840.9M
Q1 FY26-$949.8M
Q2 FY26-$45.1M
Q3 FY26-$6.7B
Q4 FY26$718.7M
Q1 FY27-$475.6M

Operating cash flow minus capital expenditure, from cash flow statements.

Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue$5.7B$4.6B$5.8Bd$5.0B$12.7B$10.2B$11.1Bd$19.9B
Gross margin11.8%9.6%9.5%9.3%6.3%9.9%17.5%12.7%
Operating income$368.6M$146.8M$228.4Md$182.3M$474.3M$625.9M$1.5Bd$2.1B
Operating margin6.5%3.2%4.0%3.6%3.7%6.1%13.4%10.4%
Net income$320.6M$108.8M$195.2Md$168.3M$400.6M$483.4M$1.2Bd$1.6B
Diluted EPS$0.51$0.17—$0.26$0.60$0.72—$1.75
Operating cash flow-$239.8Md$626.8Md$863.6Md-$917.5M-$23.9Md-$6.6Bd$747.0Md-$434.0M
Capital expenditure$27.5Md$32.7Md$22.7Md$32.3M$21.2Md$80.3Md$28.2Md$41.6M
Free cash flow-$267.3M$594.1M$840.9M-$949.8M-$45.1M-$6.7B$718.7M-$475.6M
R&D expense$158.2M$162.9M$183.2Md$173.3M$180.8M$215.7M$201.5Md$227.3M

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings