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Sentiment · FY2026 Q3
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Jon Tanwanteng | CJS Securities | 14 | 21% |
| Ananda Baruah | Loop Capital | 14 | 14% |
| Samik Chatterjee | JPMorgan | 13 | 8% |
| Nehal Chokshi | Northland Capital Markets | 12 | 25% |
| Ruplu Bhattacharya | Bank of America | 10 | 30% |
| Mike Ng | Goldman Sachs | 8 | 13% |
| Asiya Merchant | Citigroup | 6 | 0% |
| Quinn Bolton | Needham | 6 | 33% |
| Brandon Nispel | KeyBanc Capital Markets | 5 | 20% |
| Mark Newman | Bernstein | 5 | 40% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Loop Capital | 1 | 14 | 14% |
| CJS Securities | 1 | 14 | 21% |
| JPMorgan | 1 | 13 | 8% |
| Needham | 5 |
| 12 |
| 17% |
| Goldman Sachs | 2 | 12 | 8% |
| Northland Capital Markets | 1 | 12 | 25% |
| Bank of America | 1 | 10 | 30% |
| Citigroup | 1 | 6 | 0% |
Revenue surged 123% year-over-year to $10.2 billion with a significant gross margin recovery to 10.1%, suggesting the worst of the margin compression may be passing as the DCBBS product line and software revenue accelerated. However, FY2026 revenue guidance was narrowed to $38.9-$40.4 billion from the prior at least $40 billion floor, a modest reduction at the midpoint. A DOJ indictment of former employees for export violations added a new overhang, while customer revenue diversification improved and component shortages continued constraining supply across the industry.
Demand | Margin | Revenue Growth | Innovation & R&D | Product Launch | Guidance Reliability | Supply Chain | Competitive Dynamics | |
|---|---|---|---|---|---|---|---|---|
| 2025Q1 | 4 | 3 | 6 | 2 | 3 | 1 | 2 | 2 |
| 2025Q2 | 8 | 4 | 5 | 1 | 5 | 4 | 2 | 1 |
| 2025Q3 | 5 | 4 | 2 | 2 | 2 | 1 | 1 | 2 |
| 2025Q4 | 7 | 8 | 5 | 5 | 4 | 1 | 2 | |
| 2026Q1 | 7 | 9 | 4 | 1 | 1 | 3 | 1 | 2 |
| 2026Q2 | 6 | 7 | 3 | 5 | 2 | 2 | 3 | 2 |
| 2026Q3 | 8 | 10 | 2 | 3 | 1 | 1 | 3 |
| '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | |
|---|---|---|---|---|---|---|---|
| Demand | 4 | 8 | 5 | 7 | 7 | 6 | 8 |
| Margin | 3 | 4 | 4 | 8 | 9 | 7 | 10 |
| Revenue Growth | 6 | 5 | 2 | 5 | 4 | 3 | 2 |
| Innovation & R&D | 2 | 1 | 2 | 5 | 1 | 5 | 3 |
| Product Launch | 3 | 5 | 2 | 4 | 1 | 2 | 1 |
| Guidance Reliability | 1 | 4 | 1 | 1 | 3 | 2 | 1 |
| Supply Chain | 2 | 2 | 1 | 1 | 3 | 3 | |
| Competitive Dynamics | 2 | 1 | 2 | 2 | 2 | 2 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
SMCI Supermicro | 7 | +122.7% | |
| ANET Arista Networks | 9 | +35.1% | |
| DELL Dell Technologies | 9 | +87.5% | |
| HPQ HP Inc. | 6 | +9.0% | |
| NTAP NetApp | 9 | +12.5% | |
| STX Seagate Technology Holdings | 10 | +44.1% | |
| WDC Western Digital | 9 | +45.5% |