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Sentiment · FY2026 Q3
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“And we've got great partners, everybody from, of course, TSMC and Amphenol, the connector company, incredible company, Vertiv and SK Hynix and Micron Spill, Amkor and KYEC and there's Foxconn and the many the factories that they've built and Quanta and Wiwynn and gosh, Dell and HP and Super Micro, Lenovo and the number of companies is just really quite incredible, Quanta.”
Super Micro is named among the system-building partners in NVIDIA's Blackwell supply chain.
“More than 170 5th Gen EPYC platforms are in market from HPE, Dell, Lenovo, Super Micro and others, our broadest portfolio to date with solutions optimized for virtually every enterprise workload.”
Supermicro ships 5th Gen EPYC server platforms, reflecting sustained AMD-based server demand.
“you also did sign Datavault, a pretty big contract with Datavault 6 or 9 months ago.”
Analyst references a sizable Datavault customer contract signed by Super Micro months earlier and asks whether it is ramping. Indicates Datavault as a named Super Micro customer/deal.
“we are also preparing for upcoming NVIDIA, Vera Rubin and AMD Helios solutions for the second half this year.”
Super Micro is building systems around AMD's upcoming Helios platform for 2H, with customers already engaged. Signals continued AMD accelerator momentum in AI infrastructure.
“NVIDIA is a very strong company, and we work with them very closely.”
Super Micro positions NVIDIA as a close partner whose GPU platforms underpin its Rack Scale AI systems, noting it brings solutions to market a generation ahead of NVIDIA reference architecture. Positive read-through for NVIDIA demand.
“xAI, for sure, a very good partner. And whenever we have a chance, we try to work with them to learn some things from them and to offer our best service.”
Super Micro reaffirms xAI (Colossus data centers) as an important long-term customer, though these large lighthouse deals carry lower initial margins.
“we are preparing for the NVIDIA Vera Rubin and AMD Helios launches in calendar 2026.”
Super Micro is preparing for AMD's next-generation Helios rack-scale launch in 2026, indicating a forthcoming AMD AI platform cycle.
“shipping RTX PRO 6000, B200, [NVL72] and AMD MI350, 355X platforms in volume to power generative AI, large language model, inference and HPC workloads.”
Super Micro is shipping AMD MI350/355X accelerator platforms in volume, a positive read-through for adoption of AMD's Instinct AI GPUs.
“we are preparing for the NVIDIA Vera Rubin and AMD Helios launches in calendar 2026.”
Super Micro is readying systems for NVIDIA's next-generation Vera Rubin platform launching in 2026, signaling continued NVIDIA roadmap momentum.
“Our NVIDIA Blackwell Ultra with GB300 product line now have more than $13 billion in back orders, including the largest deal in our 32-year history”
Super Micro reports over $13B in back orders for NVIDIA GB300/Blackwell Ultra systems, a strong read-through for surging demand for NVIDIA's newest data-center GPUs.
“We continue our leadership in AI platforms and infrastructure with a comprehensive portfolio optimized for latest GPU technologies, including NVIDIA, B200 systems platforms and AMD's [ M50 ] and MI355 GPUs.”
Super Micro is building systems around AMD's MI-series GPUs alongside NVIDIA platforms, diversifying its AI server portfolio across GPU suppliers.
“As you know, NVIDIA have so many products, so many beta products, new products. And we are very happy to provide all the new technologies, new products and make them available for the market as soon as possible. Like just mentioned, we work with our partner very closely and make sure once the NVIDIA able to ship in volume, we can service customer quicker.”
Super Micro frames NVIDIA as a critical supply partner whose GPU shipment volumes and new-product cadence directly gate SMCI's own AI systems revenue ramp.
“we started to offer AMD MI-325X solutions to further broaden our AI portfolio”
Supermicro began offering systems built on AMD's MI-325X accelerators, broadening its AI hardware portfolio beyond NVIDIA-based systems.
“we achieved volume shipments of air-cooled 10U and liquid-cooled 4U NVIDIA B200 HGX systems, both are exactly the first to market again, as well as GB200 NVL72 racks”
Supermicro reports first-to-market volume shipments of NVIDIA B200 HGX and GB200 NVL72 systems, underscoring its position as an early integrator of NVIDIA's newest AI GPU platforms.
SMCI delivered record revenue of $12.68 billion, up 123% year-over-year and beating guidance, prompting another raise of FY2026 revenue guidance to at least $40 billion from $36 billion. However, gross margin compressed severely to 6.4% with extreme customer concentration at 63% from a single customer, and inventory doubled to $10.6 billion creating significant working capital strain. AI GPU platforms now represented over 90% of revenue while component shortages and tariff headwinds added further pressure to the margin structure.
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 |
| Analyst | Firm | Questions (Challenge)Percentage 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%) |
| George Wang | Barclays | 5 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage 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%) |
| 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% |