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Q2 FY25
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Q4 FY25
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Q2 FY26
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Q4 FY26
Apr 1 – Jun 30, 2026
reported Aug 31, 2026
Revenue $11.12B
+93% year over year
Gross profit $1.94B
17% margin
Operating profit $1.49B
13% margin
Net profit $1.18B
11% margin
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The numbers behind the diagram
All figures in billions of U.S. dollars, for Q4 FY26 (period ends Jun 30, 2026).
Item Value Share of revenue Year over year
Revenue
11.12
100%
+93%
Cost of revenue −9.18 83%
Gross profit 1.94 17% margin +8pp
R&D −0.20 2% −1pp
Sales & marketing −0.14 1% +0pp
G&A −0.11 1% +0pp
Operating profit 1.49 13% margin +9pp
Tax −0.31
Net profit 1.18
11% margin +7pp
The filing's own split of this revenue lists a part named after the whole, so only the total is shown.
All figures in billions of U.S. dollars, for Q3 FY26 (period ends Mar 31, 2026).
Item Value Share of revenue Year over year
Revenue
10.24
100%
+123%
US
7.03
69%
Non US
3.21
31%
Cost of revenue −9.22 90%
Gross profit 1.02 10% margin +0pp
R&D −0.22 2% −1pp
Sales & marketing −0.09 1% +0pp
G&A −0.09 1% −1pp
Operating profit 0.63 6% margin +3pp
Tax −0.14
Net profit 0.48
5% margin +2pp
Figures are rounded to the precision shown, so a column can differ slightly from its own total.
All figures in billions of U.S. dollars, for Q2 FY26 (period ends Dec 31, 2025).
Item Value Share of revenue Year over year
Revenue
12.68
100%
+123%
US
10.93
86%
Non US
1.75
14%
Cost of revenue −11.88 94%
Gross profit 0.80 6% margin −6pp
R&D −0.18 1% −1pp
Sales & marketing −0.07 1% −1pp
G&A −0.07 1% −1pp
Operating profit 0.47 4% margin −3pp
Tax −0.07
Net profit 0.40
3% margin −2pp
Figures are rounded to the precision shown, so a column can differ slightly from its own total.
All figures in billions of U.S. dollars, for Q1 FY26 (period ends Sep 30, 2025).
Item Value Share of revenue Year over year
Revenue
5.02
100%
−15%
US
1.83
37%
−57%
Other countries
1.49
30%
+1%
MY
1.12
22%
+401%
ID
0.58
11%
Cost of revenue −4.55 91%
Gross profit 0.47 9% margin −4pp
R&D −0.17 4% +1pp
Sales & marketing −0.05 1% +0pp
G&A −0.06 1% +0pp
Operating profit 0.18 4% margin −5pp
Other income, net 0.03
Tax −0.04
Net profit 0.17
3% margin −4pp
Figures are rounded to the precision shown, so a column can differ slightly from its own total.
All figures in billions of U.S. dollars, for Q4 FY25 (period ends Jun 30, 2025).
Item Value Share of revenue Year over year
Revenue
5.76
100%
+8%
Server & storage systems
5.62
98%
+10%
Subsystems & accessories
0.14
2%
−48%
Cost of revenue −5.21 91%
Gross profit 0.54 9% margin −1pp
R&D −0.18 3% +1pp
Sales & marketing −0.07 1% +0pp
G&A −0.07 1% +0pp
Operating profit 0.23 4% margin −1pp
Tax −0.03
Net profit 0.20
3% margin −2pp
Figures are rounded to the precision shown, so a column can differ slightly from its own total.
All figures in billions of U.S. dollars, for Q3 FY25 (period ends Mar 31, 2025).
Item Value Share of revenue Year over year
Revenue
4.60
100%
+19%
Server & storage systems
4.46
97%
+21%
Subsystems & accessories
0.14
3%
−7%
Cost of revenue −4.16 90%
Gross profit 0.44 10% margin −6pp
R&D −0.16 3% +1pp
Sales & marketing −0.06 1% +0pp
G&A −0.07 2% +0pp
Operating profit 0.15 3% margin −7pp
Interest & other costs −0.04
Net profit 0.11
2% margin −8pp
All figures in billions of U.S. dollars, for Q2 FY25 (period ends Dec 31, 2024).
Item Value Share of revenue Year over year
Revenue
5.68
100%
+55%
Server & storage systems
5.49
97%
+60%
Subsystems & accessories
0.19
3%
−17%
Cost of revenue −5.01 88%
Gross profit 0.67 12% margin −4pp
R&D −0.16 3% +0pp
Sales & marketing −0.08 1% +0pp
G&A −0.06 1% +0pp
Operating profit 0.37 6% margin −4pp
Tax −0.05
Net profit 0.32
6% margin −2pp
Quarter by quarter
Every set of results we hold, newest first. Open one on its own page. The arrow beside a quarter shows it in the diagram above.
Quarter
Period
Reported
Revenue
Year over year
Operating margin
Net profit
Net margin
Q4 FY26
Apr 1 – Jun 30, 2026
Aug 31, 2026
$11.1B
+93%
13%
$1.18B
11%
Q3 FY26
Jan 1 – Mar 31, 2026
May 11, 2026
$10.2B
+123%
6%
$0.48B
5%
Q2 FY26
Oct 1 – Dec 31, 2025
Feb 6, 2026
$12.7B
+123%
4%
$0.40B
3%
Q1 FY26
Jul 1 – Sep 30, 2025
Nov 7, 2025
$5.0B
−15%
4%
$0.17B
3%
Q4 FY25
Apr 1 – Jun 30, 2025
Aug 28, 2025
$5.8B
+8%
4%
$0.20B
3%
Q3 FY25
Jan 1 – Mar 31, 2025
May 12, 2025
$4.6B
+19%
3%
$0.11B
2%
Q2 FY25
Oct 1 – Dec 31, 2024
Feb 25, 2025
$5.7B
+55%
6%
$0.32B
6%
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