Supermicro Estimates Q1 FY2027 Revenue of Up to $19.5 Billion

Super Micro Computer, Inc. (SMCI ) on October 20, 2026 provided a preliminary business update for the first quarter of fiscal year 2027, the quarter ended September 30, 2026, estimating revenue of $18.5 billion to $19.5 billion versus prior guidance of $14.5 billion to $15.5 billion. The company attributed the higher revenue estimate primarily to increased demand for AI platforms.

Supermicro estimated gross margin for the quarter in a range of 12.0% to 12.5%, versus guidance of 10.4% to 10.8%, an increase the company attributed primarily to customer and product mix. The company, which describes itself as an AI, Enterprise, Storage, and 5G/Edge IT Total Solution Provider featuring Data Center Building Block Solutions (DCBBS), did not provide updated earnings-per-share figures in the October 20, 2026 release.

The figures are unaudited and based on preliminary results and management’s estimates. Supermicro said the information is inherently uncertain and subject to revision in connection with its financial closing procedures and the finalization of its financial statements for the first quarter of fiscal 2027, and that actual results for the quarter may differ materially from the preliminary figures. The company said its independent registered public accounting firm has not audited, reviewed, compiled, or performed any procedures with respect to the preliminary revenue and gross margin estimates, and that the estimates are not a substitute for financial statements prepared in accordance with U.S. generally accepted accounting principles and to be filed with the Securities and Exchange Commission.

Supermicro scheduled a conference call to review its first-quarter fiscal 2027 financial results for Tuesday, November 3, 2026, at 5:00 p.m. Eastern Time and 2:00 p.m. Pacific Time. The call will be carried by live audio webcast on the company’s investor-relations website, and a replay will be available shortly after the call at the same site and will remain accessible for one year.

Original Guidance Issued in August

The prior first-quarter guidance was issued on August 11, 2026, alongside the company’s fourth-quarter and full fiscal year 2026 results. At that time, Supermicro projected net sales of $14.5 billion to $15.5 billion for the quarter ending September 30, 2026, GAAP net income per diluted share of $0.89 to $0.98, and non-GAAP net income per diluted share of $1.01 to $1.10.

Those per-share projections assumed tax rates of approximately 20.1% on a GAAP basis and 20.5% on a non-GAAP basis, fully diluted share counts of 745 million shares for GAAP and 761 million shares for non-GAAP, and approximately $106 million of expected stock-based compensation expense, net of $32 million in related tax effects, that is excluded from the non-GAAP figure. For the full fiscal year 2027, the company guided to net sales of $65.0 billion to $72.0 billion; the October 20, 2026 update did not address the full-year outlook.

Prior Results and Recent Disclosures

In the August release, Supermicro reported unaudited fourth-quarter net sales of $11.1 billion, versus $10.2 billion in the third quarter of fiscal 2026 and $5.8 billion in the fourth quarter of fiscal 2025. Fourth-quarter gross margin was 17.5%, versus 9.9% and 9.5% in those respective periods, and net income was $1,178 million, or $1.62 per diluted share. Cash flow provided by operations was $747 million for the quarter, with capital expenditures and investments of $25 million.

For the full fiscal year ended June 30, 2026, the company reported net sales of $39.1 billion versus $22.0 billion in fiscal 2025, gross margin of 10.8% versus 11.1%, and net income of $2.2 billion, or $3.26 per diluted share, versus $1.0 billion, or $1.68 per diluted share. As of June 30, 2026, cash and cash equivalents totaled $7.5 billion against total bank debt and convertible notes of $8.7 billion.

Charles Liang, the company’s founder, president and chief executive officer, said in the August release that Supermicro “added several hundred enterprise and other customers in the past year, generated more than $60 billion in new orders, and booked record backlog entering fiscal 2027.”

The August release also disclosed that the company’s Board was conducting an independent review of certain transactions in connection with export-control issues, and cautioned that the outcome of that investigation could affect the company’s forecasts as well as its preliminary and prior-period results. On August 20, 2026, the company announced the completion of an independent investigation and the continued enhancement of its export compliance program; the company said the investigation, led by independent members of the Board, concerned the March 2026 indictment of three individuals who were associated with the company at that time, identified as two employees and a contractor. More recently, on October 15, 2026, five days before the preliminary update, Supermicro announced the appointment of Mark Long as Chief Financial Officer, according to the company’s investor-relations news archive.