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Sentiment · FY2026 Q4
As of FY2026 Q3, the Tellvest earnings-call sentiment score for Supermicro (SMCI) is 7/10.
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.
Scored from Supermicro’s FY2026 Q3 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2025 Q1 | $5.94B | +180.1% | $0.67 | +139.3% | 13.1% | 8.6% | 7.1% | $365M |
| FY2025 Q2 | $5.68B | +6.0% | $0.50 | -9.1% | 11.8% | 6.5% | 5.6% | $-267M |
| FY2025 Q3 | $4.60B | -22.5% | $0.17 | -74.6% | 9.6% | 3.2% | 2.4% | $594M |
| FY2025 Q4 | $5.76B | +7.5% | $0.31 | -39.2% | 9.5% | 4.0% | 3.4% | $841M |
| FY2026 Q1 | $5.02B | -15.5% | $0.26 | +52.9% | 9.3% | 3.6% | 3.4% | $-950M |
| FY2026 Q2 | $12.68B | +123.4% | $0.60 | +20.0% | 6.3% | 3.7% | 3.2% | $-45M |
| FY2026 Q3 | $10.24B | +122.7% | $0.72 | +323.5% | 9.9% | 6.1% | 4.7% | $-6.70B |
| FY2026 Q4 | $11.12B | +93.2% | $1.62 | +422.6% | 17.5% | 13.4% | 10.5% | $719M |
| Year | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2023 | $7.12B | +37.1% | $1.14 | +116.7% | 18.0% | 10.7% | 9.0% | $627M |
| FY2024 | $18.77B | +163.4% | $2.01 | +76.3% | 11.8% | 6.7% | 6.3% | $-2.60B |
| FY2025 | $21.97B | +17.1% | $1.65 | -17.9% | 11.1% | 5.7% | 4.8% |
| $1.53B |
| FY2026 | $39.06B | +77.8% | $3.20 | +93.9% | 10.8% | 7.1% | 5.7% | $-6.97B |