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Super Micro Computer 8-K Report, Financial Results (May 5, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed May 5, 2026
Period End
May 5, 2026
Securities
SMCISMCIP
In the record · 2016–202610-K1010-Q328-K170

SMCI filed 10 annual reports (10-K), 32 quarterly reports (10-Q) and 170 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Sep ’19Sep ’19
  2. Leadership change8-K · Oct ’21Oct ’21
  3. Material agreement8-K · Jul ’25Jul ’25

01—Abstract

Summary

Summary of the 8-K filed May 5, 2026. Cited figures are marked; the original filing is the authoritative source.

Super Micro Computer, Inc. (NASDAQ: SMCI) reported unaudited results for the third quarter of fiscal 2026, ended March 31, 2026, in a press release furnished as Exhibit 99.1 to this Item 2.02 report.

Net sales were $10.2 billiona, compared with $12.7 billion in Q2'26 and $4.6 billion in Q3'25. GAAP gross margin was 9.9%, up from 6.3% in Q2'26 and 9.6% in Q3'25. Net income was $483 million, and diluted EPS was $0.72, compared with $0.60 in Q2'26 and $0.17 in Q3'25.

Non-GAAP diluted EPS was $0.84b, compared with $0.31 in Q3'25. Adjusted EBITDA was $814 million, or 7.9% of net sales. Cash flow used in operations was $6.6 billion for Q3'26, and capital expenditures and investments were $97 million.

At March 31, 2026, cash and cash equivalents were $1.3 billionc and total bank debt and convertible notes were $8.8 billion. Compared with June 30, 2025, accounts receivable rose to $8.4 billion from $2.2 billion, and inventories rose to $11.1 billion from $4.7 billion. Lines of credit and current portion of term loans increased to $2.1 billion from $75 million.

For Q4 FY2026, the company guided to net sales of $11.0 billion to $12.5 billiond, GAAP diluted EPS of $0.53 to $0.67, and non-GAAP diluted EPS of $0.65 to $0.79. For full fiscal 2026, it expects net sales of $38.9 billion to $40.4 billion. The filing states that the Board is conducting an independent review of certain transactions in connection with export-control issues, and that the outcome could affect forecasts, these preliminary results, and prior period results.

02—Key points

Key Highlights

  1. Q3 FY2026 net sales of $10.2 billion, versus $12.7 billion in Q2'26 and $4.6 billion in Q3'25.
  2. GAAP gross margin of 9.9% and non-GAAP gross margin of 10.1%, compared with 6.3% in Q2'26 and 9.7% in Q3'25 (non-GAAP).
  3. Net income of $483 million and diluted EPS of $0.72; non-GAAP diluted EPS of $0.84, compared with $0.31 in Q3'25.
  4. Cash used in operations of $6.6 billion in Q3'26, with capital expenditures and investments of $97 million.
  5. Balance sheet at March 31, 2026 shows cash of $1.3 billion and total bank debt and convertible notes of $8.8 billion; inventories and receivables increased substantially from June 30, 2025.
  6. Q4 FY2026 guidance: net sales of $11.0 to $12.5 billion and non-GAAP diluted EPS of $0.65 to $0.79; FY2026 net sales guidance of $38.9 to $40.4 billion.
  7. The Board's independent review of certain transactions related to export-control issues could affect forecasts and prior period results.

03—Questions

Frequently Asked Questions

  1. How did Supermicro perform in the third quarter of fiscal 2026?

    Net sales were $10.2 billion, net income was $483 million, and diluted EPS was $0.72 on a GAAP basis. Non-GAAP diluted EPS was $0.84. GAAP gross margin was 9.9%, and Adjusted EBITDA was $814 million, or 7.9% of net sales.

  2. What is the company's outlook for the fourth quarter and full fiscal 2026?

    For Q4 FY2026 (ending June 30, 2026), the company expects net sales of $11.0 to $12.5 billion, GAAP diluted EPS of $0.53 to $0.67, and non-GAAP diluted EPS of $0.65 to $0.79. For fiscal 2026, it expects net sales of $38.9 to $40.4 billion. The GAAP outlook includes approximately $95 million of expected stock-based compensation, net of $30 million in related tax effects.

  3. How did cash flow and the balance sheet change?

    The company used $6.6 billion in operations in Q3'26. Through the nine months ended March 31, 2026, net cash used in operating activities was $7.56 billion, reflecting increases in accounts receivable to $8.4 billion and inventories to $11.1 billion. Cash and cash equivalents were $1.3 billion, and total bank debt and convertible notes were $8.8 billion as of March 31, 2026.

  4. What regulatory matter could affect the reported and forecast figures?

    The filing states that the Board is conducting an independent review of certain transactions in connection with export-control issues. The company says the outcome could affect its forecasts, these preliminary results, and prior period results.

04—Continue

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