SMCI Q4 2025

Q2 2026 Q1 2026 Q4 2025 Q3 2025

Earnings

Super Micro Computer delivered a disappointing fiscal fourth quarter, with adjusted EPS of $0.41 and revenue of $5.76 billion both falling short of Wall Street expectations, sending shares tumbling more than 16% in the aftermath. While net sales clim… Read more Super Micro Computer delivered a disappointing fiscal fourth quarter, with adjusted EPS of $0.41 and revenue of $5.76 billion both falling short of Wall Street expectations, sending shares tumbling more than 16% in the aftermath. While net sales climbed 7.5% year-over-year from $5.35 billion, the headline growth masked a troubling margin story: GAAP gross margin contracted to just 9.5% from 10.2% a year ago, as the cost pressures of scaling AI server infrastructure continued to erode profitability. GAAP diluted EPS fell to $0.31 from $0.46 in the prior-year period, underscoring how rising component and supply chain costs are squeezing the bottom line even as top-line demand remains robust. Adding to investor concern, the company walked back its $40 billion FY26 revenue target, now guiding for at least $33 billion, still representing roughly 50% growth over full-year FY25's $21.97 billion, while Q1 FY26 guidance calls for net sales of $6.00 billion to $7.00 billion, suggesting continued sequential expansion even as margin recovery remains the central question.