Supermicro

SMCI · Information Technology · Market cap $16.7B

Q1 FY26 Jul 1 – Sep 30, 2025 reported Nov 7, 2025

Revenue$5B −15% year over year

Gross profit$0.5B

Operating profit$0.2B

Net profit$0.2B 3% margin

Numbers and detail

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	100%	−15%
US	1.8	36%	−57%
Other Countries	1.5	30%	+1%
MY	1.1	22%	+401%
ID	0.6	12%	+32122%
Cost of revenue	−4.6	92%
Gross profit	0.5	9% margin	−4pp
Research & development	−0.2	3%	+1pp
Sales & marketing	−0	1%	+0pp
G&A	−0.1	1%	+0pp
Operating profit	0.2	4% margin	−5pp
Net profit	0.2	3%	−4pp

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	5.8	100%	+8%
Server and Storage Systems	5.6	97%	+10%
Subsystems and Accessories	0.1	2%	−48%
Cost of revenue	−5.2	90%
Gross profit	0.5	9% margin	−1pp
Research & development	−0.1	3%	+1pp
Sales & marketing	−0.1	1%	+0pp
G&A	−0.1	1%	+0pp
Operating profit	0.2	4% margin	−1pp
Net profit	0.2	3%	−2pp

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	4.6	100%	+19%
Server and Storage Systems	4.5	98%	+21%
Subsystems and Accessories	0.1	2%	−7%
Cost of revenue	−4.2	91%
Gross profit	0.4	10% margin	−6pp
Research & development	−0.1	4%	+1pp
Sales & marketing	−0.1	1%	+0pp
G&A	−0.1	2%	+0pp
Operating profit	0.1	3% margin	−7pp
Net profit	0.1	2%	−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	5.7	100%	+55%
Server and Storage Systems	5.5	96%	+60%
Subsystems and Accessories	0.2	4%	−17%
Cost of revenue	−5	88%
Gross profit	0.7	12% margin	−4pp
Research & development	−0.1	3%	+0pp
Sales & marketing	−0.1	1%	+0pp
G&A	−0.1	1%	+0pp
Operating profit	0.4	6% margin	−4pp
Tax	−0.1
Net profit	0.3	6%	−2pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY26	Jul 1 – Sep 30, 2025	Nov 7, 2025	$5B	−15%	4%	$0.2B	3%
Q4 FY25	Apr 1 – Jun 30, 2025	Aug 28, 2025	$5.8B	+8%	3%	$0.2B	3%
Q3 FY25	Jan 1 – Mar 31, 2025	May 12, 2025	$4.6B	+19%	2%	$0.1B	2%
Q2 FY25	Oct 1 – Dec 31, 2024	Feb 25, 2025	$5.7B	+55%	7%	$0.3B	6%