Supermicro Fiscal Q1 Sales Surge 297.5% to Record $19.95 Billion; Sets $72 Billion-$82 Billion Fiscal 2027 Outlook

Super Micro Computer reported record fiscal first-quarter net sales of $19.95 billion, up 297.5% from $5.02 billion a year earlier, and set a fiscal 2027 sales forecast of $72.0 billion to $82.0 billion.

Net income jumped to $1.59 billion, or $1.75 per diluted share, from $168.3 million, or $0.26, for the quarter ended Sept. 30, according to the preliminary, unaudited results the server maker filed with an 8-K on Tuesday. Adjusted EPS rose to $1.81 from $0.35. Sales also climbed from $11.1 billion in the June quarter.

"Supermicro's transformation into a Total AI and IT Datacenter Solution provider continues to accelerate, delivering record revenue of $19.9 billion for the first quarter fiscal 2027," founder, President and CEO Charles Liang said in the release.

The company said the figures are preliminary estimates because its closing procedures for the quarter are not yet complete, and that its auditor has not reviewed them.

Guidance

For the December quarter, Supermicro expects net sales of $19.5 billion to $21.5 billion, a range that runs from 2.2% below to 7.8% above the September quarter. It forecast GAAP EPS of $1.59 to $1.83 and adjusted EPS of $1.66 to $1.90.

Margins and cash

Gross margin rose to 12.7% from 9.3% a year earlier but fell from 17.5% in the June quarter. Non-GAAP gross margin was 12.8%, compared with 9.5%. Operating income rose to $2.06 billion from $182.3 million, and adjusted EBITDA reached $2.23 billion, or 11.2% of sales.

Operating activities used $434 million of cash in the quarter, as accounts receivable and inventories grew by a combined $6.04 billion, partly offset by a $3.05 billion increase in deferred revenue. Inventories stood at $15.05 billion at Sept. 30, up from $12.90 billion at June 30.

Supermicro ended the quarter with $6.9 billion of cash and cash equivalents and $8.6 billion of bank debt and convertible notes.

Preferred dividend declared

In the same filing, Supermicro said its board declared a cash dividend of $17.50 per share on its 7.00% Series A Mandatory Convertible Preferred Stock, equal to $0.875 per depositary share. The depositary shares trade on Nasdaq under the symbol SMCIP. The dividend is payable Dec. 1, 2026, to holders of record as of the close of business on Nov. 15, 2026.

By the numbers

• Net sales: $19.95 billion, up 297.5%
• GAAP EPS: $1.75, up from $0.26
• Adjusted EPS: $1.81, up from $0.35
• Gross margin: 12.7%
• Q2 sales guidance: $19.5 billion to $21.5 billion
• Fiscal 2027 sales guidance: $72.0 billion to $82.0 billion

Sources

1. Super Micro Computer Form 8-K with fiscal first-quarter 2027 earnings release and preferred stock dividend declaration, filed Nov. 3, 2026 (accession 0001375365-26-000026)

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