How did Supermicro perform in the fourth quarter of fiscal 2026?

Net sales were $11.12 billion, up from $5.76 billion a year earlier. GAAP gross margin was 17.5%, and net income was $1.18 billion, or $1.62 per diluted share, compared with $0.31 per diluted share in Q4 FY2025. Non-GAAP diluted EPS was $1.70.

What drove the negative operating cash flow for the full year?

The cash flow statement shows net cash used in operating activities of $6.81 billion for the year. The main drivers were a $8.88 billion increase in inventories and a $3.92 billion increase in accounts receivable, partly offset by a $1.88 billion increase in deferred revenue and net income of $2.23 billion.

What is the company's guidance for fiscal 2027?

For the first quarter ending September 30, 2026, the company expects net sales of $14.5 to $15.5 billion, GAAP diluted EPS of $0.89 to $0.98, and non-GAAP diluted EPS of $1.01 to $1.10. For full fiscal 2027, it expects net sales of $65.0 to $72.0 billion.

Are these results final, and is there any open issue that could change them?

No. The filing states that the results are preliminary, unaudited, and subject to completion of financial closing procedures, management and audit committee review, and independent auditor work. The Board's independent review of certain transactions related to export-control issues could affect the forecasts and both these and prior-period results.

How is the company financing its growth and what is its debt position?

The company had cash and equivalents of $7.52 billion and bank debt and convertible notes of $8.7 billion at June 30, 2026. During the year it raised $4.47 billion in new lines of credit and term loans, $1.41 billion from common stock issuance, and $4.23 billion from mandatory convertible preferred stock, net of issuance costs.

SMCI/SMCIP 8-K: Earnings & Results

01—Abstract

Summary

Summary of the 8-K filed August 11, 2026. Cited figures are marked; the original filing is the authoritative source.

Super Micro Computer, Inc. filed a Form 8-K on August 11, 2026 furnishing a press release (Exhibit 99.1) announcing unaudited financial results for the fourth quarter and full fiscal year ended June 30, 2026.

Fourth-quarter net sales were $11.12 billion^a, up from $10.2 billion in Q3'26 and $5.76 billion in Q4'25. Gross margin was 17.5% (GAAP) and net income was $1.18 billion, or $1.62 per diluted share, compared with $0.31 per diluted share in Q4'25. Non-GAAP diluted EPS was $1.70.

For the full fiscal year, net sales were $39.06 billion^b versus $21.97 billion, and net income was $2.23 billion, or $3.26 per diluted share. Cash flow from operations was negative $6.81 billion for the year, driven by a $8.88 billion inventory increase and a $3.92 billion increase in accounts receivable. The balance sheet shows cash and equivalents of $7.52 billion against bank debt and convertible notes of $8.7 billion as of June 30, 2026.

Inventories rose to $12.90 billion^c from $4.68 billion, and total current liabilities rose to $7.16 billion, including $2.04 billion of current lines of credit and term loans. The company also issued mandatory convertible preferred stock and common stock during the year. Management guided to first-quarter fiscal 2027 net sales of $14.5 billion to $15.5 billion and fiscal 2027 net sales of $65.0 billion to $72.0 billion.

The press release 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 and these preliminary results as well as prior period results. The figures are preliminary, unaudited, and not yet reviewed by the auditor.

02—Key points

Key Highlights

Q4 FY2026 net sales of $11.12 billion versus $5.76 billion in Q4 FY2025; GAAP gross margin of 17.5% versus 9.5%.
Q4 FY2026 GAAP net income of $1.18 billion, or $1.62 per diluted share, versus $0.31 per diluted share a year earlier; non-GAAP diluted EPS of $1.70.
Full-year FY2026 net sales of $39.06 billion (versus $21.97 billion) and GAAP diluted EPS of $3.26 (versus $1.68); gross margin of 10.8% versus 11.1%.
Full-year operating cash flow was negative $6.81 billion, reflecting an $8.88 billion inventory build and a $3.92 billion increase in accounts receivable.
Cash and equivalents of $7.52 billion versus bank debt and convertible notes of $8.7 billion at June 30, 2026.
Guidance: Q1 FY2027 net sales of $14.5 to $15.5 billion and GAAP diluted EPS of $0.89 to $0.98; FY2027 net sales of $65.0 to $72.0 billion.
The Board is conducting an independent review of certain transactions related to export-control issues, which could affect forecasts and both current and prior-period results; the results are preliminary and unaudited.

03—Questions

Frequently Asked Questions

How did Supermicro perform in the fourth quarter of fiscal 2026?
Net sales were $11.12 billion, up from $5.76 billion a year earlier. GAAP gross margin was 17.5%, and net income was $1.18 billion, or $1.62 per diluted share, compared with $0.31 per diluted share in Q4 FY2025. Non-GAAP diluted EPS was $1.70.
What drove the negative operating cash flow for the full year?
The cash flow statement shows net cash used in operating activities of $6.81 billion for the year. The main drivers were a $8.88 billion increase in inventories and a $3.92 billion increase in accounts receivable, partly offset by a $1.88 billion increase in deferred revenue and net income of $2.23 billion.
What is the company's guidance for fiscal 2027?
For the first quarter ending September 30, 2026, the company expects net sales of $14.5 to $15.5 billion, GAAP diluted EPS of $0.89 to $0.98, and non-GAAP diluted EPS of $1.01 to $1.10. For full fiscal 2027, it expects net sales of $65.0 to $72.0 billion.
Are these results final, and is there any open issue that could change them?
No. The filing states that the results are preliminary, unaudited, and subject to completion of financial closing procedures, management and audit committee review, and independent auditor work. The Board's independent review of certain transactions related to export-control issues could affect the forecasts and both these and prior-period results.
How is the company financing its growth and what is its debt position?
The company had cash and equivalents of $7.52 billion and bank debt and convertible notes of $8.7 billion at June 30, 2026. During the year it raised $4.47 billion in new lines of credit and term loans, $1.41 billion from common stock issuance, and $4.23 billion from mandatory convertible preferred stock, net of issuance costs.

04—Continue

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