SMCI Q2 2026 Earnings
Reported Feb 3, 2026 at 4:51 PM ET · SEC Source
Q2 26 EPS
$0.69
BEAT +41.42%
Est. $0.49
Q2 26 Revenue
$12.68B
BEAT +22.64%
Est. $10.34B
vs S&P Since Q2 26
-19.6%
TRAILING MARKET
SMCI -14.6% vs S&P +5.0%
Market Reaction
Did SMCI Beat Earnings? Q2 2026 Results
Super Micro Computer delivered a blockbuster Q2 FY2026, posting non-GAAP diluted EPS of $0.69 against a consensus estimate of $0.49, a 41.42% beat, while revenue of $12.68 billion topped Wall Street's $10.34 billion forecast by 22.64% and more than d… Read more Super Micro Computer delivered a blockbuster Q2 FY2026, posting non-GAAP diluted EPS of $0.69 against a consensus estimate of $0.49, a 41.42% beat, while revenue of $12.68 billion topped Wall Street's $10.34 billion forecast by 22.64% and more than doubled the $5.68 billion reported a year ago, representing 123.4% year-over-year growth. The surge was fueled almost entirely by insatiable demand for AI infrastructure, with Supermicro's Data Center Building Block Solutions winning massive server orders that pushed quarterly sales well beyond what analysts had anticipated heading into the print. The scale-up came with a meaningful trade-off, however: GAAP gross margin compressed sharply to 6.3% from 11.8% a year ago, reflecting aggressive pricing and elevated component costs embedded in large AI deployments. Despite that margin pressure, net income climbed to $400.56 million. Management struck a confident tone on the outlook, guiding Q3 FY2026 revenue to at least $12.30 billion and full-year FY2026 revenue to a minimum of $40.00 billion.
Key Takeaways
- • Explosive demand for AI server and storage infrastructure
- • Strong customer engagements and large AI deployment orders
- • Expanding global manufacturing footprint across US, Taiwan, and Netherlands
- • Net sales more than doubled year-over-year from $5.7 billion to $12.7 billion
SMCI Forward Guidance & Outlook
For Q3 FY2026 (ending March 31, 2026), Supermicro expects net sales of at least $12.3 billion, GAAP net income per diluted share of at least $0.52, and non-GAAP net income per diluted share of at least $0.60, assuming a tax rate of approximately 19.6% (GAAP) and 20.2% (non-GAAP) and fully diluted share counts of 684 million (GAAP) and 699 million (non-GAAP). For full fiscal year 2026, the Company expects net sales of at least $40.0 billion.
SMCI YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
“With our leading AI server and storage technology foundation, strong customer engagements, and expanding global manufacturing footprint, we are scaling rapidly to support large AI and enterprise deployments while continuing to strengthen our operational and financial execution.”
— Charles Liang, Q2 2026 Earnings Press Release
SMCI Earnings Trends
SMCI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SMCI EPS Trend
Earnings per share: estimate vs actual
SMCI Revenue Trend
Quarterly revenue: estimate vs actual
SMCI Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.49 | $0.69 | +41.42% | $12.68B | +22.64% |
| Q1 26 MISS | $0.39 | $0.35 | -10.07% | $5.02B | -13.42% |
| Q4 25 FY | — | $0.41 | — | $5.76B | — |
| FY Full Year | — | $2.06 | — | $21.97B | — |
| Q3 25 | — | $0.31 | — | $4.60B | — |