Super Micro Computer | 8-K: FY2026 Q3 Revenue Misses Estimate at USD 10.24 B

Revenue: As of FY2026 Q3, the actual value is USD 10.24 B, missing the estimate of USD 12.45 B.

EPS: As of FY2026 Q3, the actual value is USD 0.72, beating the estimate of USD 0.5157.

EBIT: As of FY2026 Q3, the actual value is USD 644.91 M.

Revenue

Super Micro Computer, Inc. reported net sales of $10.2 billion for the third quarter of fiscal year 2026, a significant increase compared to $4.6 billion in Q3 FY25.

Operational Metrics

Profitability

• GAAP Gross Margin: For Q3 FY26, the GAAP gross margin was 9.9%, up from 9.6% in Q3 FY25.
• Non-GAAP Gross Margin: The non-GAAP gross margin increased to 10.1% in Q3 FY26 from 9.7% in Q3 FY25.
• Net Income: Net income for Q3 FY26 was $483 million, a substantial rise from $109 million in Q3 FY25.
• Income from Operations: Income from operations for Q3 FY26 was $625,868 thousand, compared to $146,780 thousand in Q3 FY25.
• Other Income, Net: Other income, net, was $4,147 thousand in Q3 FY26, improving from an expense of -$32,967 thousand in Q3 FY25.
• Interest Income: Interest income grew to $45,437 thousand in Q3 FY26 from $14,654 thousand in Q3 FY25.
• Interest Expense: Interest expense increased to -$64,483 thousand in Q3 FY26 from -$13,402 thousand in Q3 FY25.
• Non-GAAP Gross Profit: Non-GAAP gross profit for Q3 FY26 was $1,030,202 thousand, compared to $447,278 thousand in Q3 FY25.
• Adjusted EBITDA: Adjusted EBITDA reached $814,296 thousand in Q3 FY26, a substantial increase from $253,887 thousand in Q3 FY25.
• Adjusted EBITDA as a Percentage of Net Sales: Adjusted EBITDA as a percentage of net sales was 7.9% in Q3 FY26, up from 5.5% in the prior year.
• Non-GAAP Net Income Diluted: Non-GAAP net income diluted was $598,496 thousand in Q3 FY26, significantly higher than $194,026 thousand in Q3 FY25.

Operating Costs

• Total Operating Expenses: Total operating expenses for Q3 FY26 were $392,812 thousand, up from $293,438 thousand in Q3 FY25.
• Research and Development Expenses: Research and development expenses increased to $215,659 thousand in Q3 FY26 from $162,857 thousand in Q3 FY25.
• Sales and Marketing Expenses: Sales and marketing expenses were $89,510 thousand in Q3 FY26, compared to $59,978 thousand in Q3 FY25.
• General and Administrative Expenses: General and administrative expenses rose to $87,643 thousand in Q3 FY26 from $70,603 thousand in Q3 FY25.
• Non-GAAP Operating Expenses: Non-GAAP operating expenses were $278,400 thousand in Q3 FY26, up from $215,794 thousand in Q3 FY25.

Cash Flow

• Cash Flow Used in Operations (Q3 FY26): Cash flow used in operations for Q3 FY26 was $6.6 billion.
• Capital Expenditures and Investments (Q3 FY26): Capital expenditures and investments amounted to $97 million in Q3 FY26.
• Net Cash Used in Operating Activities (Nine Months Ended March 31, 2026): Net cash used in operating activities was -$7,556,847 thousand, a decrease from $795,911 thousand provided by operating activities in the prior year period.
• Net Cash Used in Investing Activities (Nine Months Ended March 31, 2026): Net cash used in investing activities was -$175,769 thousand, compared to -$104,536 thousand in the same nine-month period last year.
• Net Cash Provided by Financing Activities (Nine Months Ended March 31, 2026): Net cash provided by financing activities significantly increased to $3,906,835 thousand from $174,618 thousand year-over-year.

Unique Metrics

• Total Cash and Cash Equivalents: As of March 31, 2026, Super Micro Computer, Inc. had total cash and cash equivalents of $1.3 billion.
• Total Bank Debt and Convertible Notes: Total bank debt and convertible notes stood at $8.8 billion as of March 31, 2026.

Outlook / Guidance

For the fourth quarter of fiscal year 2026, Super Micro Computer, Inc. anticipates net sales to be in the range of $11.0 billion to $12.5 billion. The company expects GAAP net income per diluted share to be between $0.53 and $0.67, and non-GAAP net income per diluted share to range from $0.65 to $0.79. For the full fiscal year 2026, net sales are projected to be in the range of $38.9 billion to $40.4 billion.