# Supermicro Q1 sales reach $19.9 billion, Q2 guided to $19.5-21.5 billion

Supermicro's Sept. 30 quarter sales rose 297.5% from a year earlier to $19.95 billion, but gross margin fell to 12.7% from 17.5% in June.

By The Signal Edition Newsroom | Big Tech / Results
Published: 2026-11-04T07:48:54Z
Updated: 2026-11-04T07:48:54Z
Canonical: https://thesignaledition.com/article/supermicro-q1-fy2027-revenue-19-9-billion-q2-guidance-smx4m9
Image: https://thesignaledition.com/media/a8c7c16eb2f387471e257f0b0f49466a.jpg (Supermicro Green Computing Park, the company's campus in San Jose, California; credit: Superjackw / Wikimedia Commons (CC BY-SA 4.0))

## Key points
- Super Micro Computer reported net sales of $19,945.8 million for the quarter ended Sept. 30, 2026, up 297.5% from $5,017.8 million a year earlier.
- GAAP gross margin was 12.7%, down from 17.5% in the June 2026 quarter, and operating cash flow was negative $434.0 million.
- The company guided second-quarter sales to $19.5 billion to $21.5 billion and fiscal 2027 sales to $72.0 billion to $82.0 billion.
- Net income was $1,594.2 million, or $1.75 per diluted share; non-GAAP earnings were $1.81 per share.

## What Supermicro reported

Net sales were $19,945.8 million in the three months ended Sept. 30, 2026, against $5,017.8 million a year earlier, according to the income statement in the company's Form 8-K. That is growth of 297.5%, calculated from those two figures. The company's release put the prior quarter (the three months ended June 30, 2026) at $11.1 billion, so sales rose about 80% from one quarter to the next on the rounded figure. [1](https://www.sec.gov/Archives/edgar/data/1375365/000137536526000026/exhibit991_20260930.htm)

Net income was $1,594.2 million, or $1.75 per diluted share, compared with $168.3 million, or $0.26, a year earlier. Non-GAAP diluted earnings per share were $1.81, against $0.35. Income from operations was $2,064.5 million, an operating margin of 10.3% on the filing's figures, versus $182.3 million and 3.6% a year earlier. [1](https://www.sec.gov/Archives/edgar/data/1375365/000137536526000026/exhibit991_20260930.htm)

Charles Liang, Supermicro's founder, president and chief executive, said the company delivered "record revenue of $19.9 billion" for the quarter. Yahoo Finance reported that the result was above both Wall Street projections and the company's own preliminary figures. [1](https://www.sec.gov/Archives/edgar/data/1375365/000137536526000026/exhibit991_20260930.htm) [2](https://finance.yahoo.com/technology/article/supermicro-tops-q1-estimates-offers-strong-q2-outlook-220213885.html)

## Margins, cash flow and the balance sheet

GAAP gross margin was 12.7%, compared with 17.5% in the June quarter and 9.3% a year earlier, per the company's release. Gross profit of $2,541.0 million on sales of $19,945.8 million gives the same 12.7%. Non-GAAP gross margin was 12.8%. [1](https://www.sec.gov/Archives/edgar/data/1375365/000137536526000026/exhibit991_20260930.htm)

Cash did not keep pace with sales. Net cash used in operating activities was $434.0 million, compared with $917.5 million used a year earlier. Accounts receivable rose by $3,559.8 million and inventories by $2,477.4 million during the quarter, while deferred revenue rose by $3,053.7 million, according to the cash flow statement. Balance sheet inventories stood at $15,053.6 million on Sept. 30, up 16.7% from $12,895.9 million on June 30. [1](https://www.sec.gov/Archives/edgar/data/1375365/000137536526000026/exhibit991_20260930.htm)

Cash and equivalents were $6.9 billion, and total bank debt and convertible notes were $8.6 billion, the company said. Total assets were $35.7 billion, up from $29.9 billion at the end of June. [1](https://www.sec.gov/Archives/edgar/data/1375365/000137536526000026/exhibit991_20260930.htm)

## Guidance for the December quarter and fiscal 2027

Supermicro expects net sales of $19.5 billion to $21.5 billion for the second fiscal quarter, which ends Dec. 31, 2026. It guided GAAP earnings of $1.59 to $1.83 per diluted share and non-GAAP earnings of $1.66 to $1.90. For the full fiscal year 2027, which ends June 30, 2027, it expects net sales of $72.0 billion to $82.0 billion. [1](https://www.sec.gov/Archives/edgar/data/1375365/000137536526000026/exhibit991_20260930.htm)

BigGo Finance reported that the prior full-year range was $65 billion to $72 billion, and that the company had raised its first-quarter forecast to $18.5 billion to $19.5 billion on Oct. 20. Actual sales of $19.95 billion exceeded the top of that range. Outlets cited different analyst consensus figures: BigGo, citing FactSet, gave $17.53 billion for first-quarter revenue and $73.03 billion for the full year, while Proactive Investors cited a $69.17 billion full-year consensus without naming a provider. [4](https://finance.biggo.com/news/29f24a45-78f6-43fa-86c0-3092bfe2e40c) [3](https://www.proactiveinvestors.com/companies/news/1101179/super-micro-shares-jump-as-revenue-surges-and-full-year-outlook-tops-estimates-1101179.html)

## How the market reacted

Shares rose in after-hours trading on Nov. 3 after the report. Reported gains differed by outlet: BigGo put the move at 8.3%, Proactive Investors at nearly 8%, and Yahoo Finance at more than 5% immediately after the release. The after-hours figures can change before the Nov. 4 open. [4](https://finance.biggo.com/news/29f24a45-78f6-43fa-86c0-3092bfe2e40c) [3](https://www.proactiveinvestors.com/companies/news/1101179/super-micro-shares-jump-as-revenue-surges-and-full-year-outlook-tops-estimates-1101179.html) [2](https://finance.yahoo.com/technology/article/supermicro-tops-q1-estimates-offers-strong-q2-outlook-220213885.html)

## What happens next

The December quarter closes on Dec. 31, 2026, and the guidance range implies sales a range from 2% below to 8% above the $19.9 billion just reported, calculated from the $19.5 billion and $21.5 billion endpoints. The release is marked preliminary: the company said its financial close for the quarter was not complete and that the figures are unaudited and may change. Supermicro's quarterly report on Form 10-Q will carry the final first-quarter numbers. [1](https://www.sec.gov/Archives/edgar/data/1375365/000137536526000026/exhibit991_20260930.htm)

## Sources
1. [SEC EDGAR: Super Micro Computer Form 8-K, Exhibit 99.1: Supermicro Announces First Quarter of Fiscal Year 2027 Financial Results](https://www.sec.gov/Archives/edgar/data/1375365/000137536526000026/exhibit991_20260930.htm) (2026-11-03)
2. [Yahoo Finance: Supermicro tops Q1 estimates, offers strong Q2 outlook](https://finance.yahoo.com/technology/article/supermicro-tops-q1-estimates-offers-strong-q2-outlook-220213885.html) (2026-11-03)
3. [Proactive Investors: Super Micro shares jump as revenue surges, and full-year outlook tops estimates](https://www.proactiveinvestors.com/companies/news/1101179/super-micro-shares-jump-as-revenue-surges-and-full-year-outlook-tops-estimates-1101179.html) (2026-11-03)
4. [BigGo Finance: Super Micro Q1 Revenue Nearly Quadruples, Full-Year Outlook Raised to $82 Billion; Shares Jump 8.3% After Hours](https://finance.biggo.com/news/29f24a45-78f6-43fa-86c0-3092bfe2e40c) (2026-11-04)