$SMCI · Super Micro Computer, Inc.
Super Micro filed its Q1 FY2027 10-Q for the quarter ended September 30, 2026. Net sales rose 297.5% year-over-year to $19.95B, driven by AI platforms including GB200/GB300 Hyper Servers and GPU & Super Racks. Net income was $1.59B (diluted EPS $1.75) versus $168.3M ($0.26) a year earlier. Gross margin expanded to 12.7% from 9.3%, and operating margin to 10.4%.
- Net sales grew 297.5% YoY to $19.95B, up $14.93B from $5.02B.
- Net income reached $1.59B versus $168.3M a year earlier.
- Diluted EPS was $1.75, up from $0.26.
- Gross margin expanded to 12.7% from 9.3%.
- Inventories rose to $15.05B from $12.90B at June 30, 2026.
Extended-hours last trade $28.39, up +4.84% vs the $27.08 regular close, signaling a positive after-hours reaction to the blowout quarter.
A near-4x revenue jump and 9x net income growth confirm SMCI's AI-server scale-up is translating into real profitability.
The 297.5% revenue surge reflects AI-server demand strength, positioning SMCI alongside peers riding the GB200/GB300 data-center buildout cycle.
Working capital ballooned as accounts receivable rose to $9.69B and inventories to $15.05B, pressuring cash flow. Deferred revenue jumped to $4.33B current from $1.58B.