Super Micro Computer reported third quarter fiscal 2026 revenue of $10.2 billion, a miss versus analyst expectations of $12.39 billion, alongside a non-GAAP EPS of $0.84 that beat estimates of $0.63. While revenue declined 19.7% sequentially from $12.7 billion in the prior quarter, it increased 122.6% year-over-year from $4.6 billion.
Key Highlights
- Gross margin recovered sharply to 9.9% from 6.3% in the previous quarter, exceeding investor focus on a profitability rebound.
- The company guided fourth quarter revenue to a range of $11.0 billion to $12.5 billion and raised its full fiscal year 2026 revenue forecast to between $38.9 billion and $40.4 billion.
- Operations consumed a significant amount of cash, with cash flow from operations reported as negative $6.6 billion for the quarter.