Super Micro Computer, Inc. (SMCI) Earnings Call Summary — Q2 FY26
Super Micro builds the AI server racks that house Nvidia chips in data centers.
Super Micro Computer, Inc. (SMCI) reported Q2 FY26 results on August 11, 2026. Earnings per share came in at $1.70 against a $0.92 consensus, so the company beat on the bottom line. Revenue of $11.12B landed below the $11.60B estimate. SMCI has beaten consensus EPS in 4 of its last 8 reported quarters. Highlights from management's remarks on the call are below.
Key highlights from the call
Founder, Chairman & Chief Executive Officer: “Super Micro delivered a strong fiscal Q2 as AI infrastructure demand continues to accelerate across every major customer segment.”
Chief Financial Officer: “We achieved record Q2 fiscal year 2026 revenue of $12.7 billion, up 123% year-over-year and up 153% quarter-over-quarter compared to our guidance of $10 billion to $11 billion.”
Analyst, Loop Capital: “I think 90 days ago you mentioned that the December quarter would be the low watermark in gross margins, and you're guiding for quarter-over-quarter improvement for the March quarter.”
Founder, Chairman & Chief Executive Officer: “Overall, especially as DCBBS increases its contribution, I believe our gross margin will start to improve quarter after quarter.”
Analyst, Loop Capital: “One clarification from your prepared remarks: you said higher net margin.”
What moved the stock
Highlights from SMCI's Aug 11 report: EPS of $1.70 — a big beat vs the $0.92 estimate (+84%); revenue of $11.12B — a miss vs the $11.60B consensus (-4%). Focus now shifts to AI server demand, margins, and governance progress.