SAN JOSE, Calif., Feb 4, 2026, 06:57 PST
- Super Micro raised its fiscal 2026 net sales forecast to a minimum of $40.0 billion
- Quarterly net sales climbed to $12.68 billion, while gross margin fell to 6.3%
- The company expects net sales to reach at least $12.3 billion in the March quarter
Super Micro Computer boosted its fiscal 2026 sales outlook to a minimum of $40 billion, following a record quarter in revenue. The San Jose-based server maker posted net sales of $12.68 billion for the quarter ended Dec. 31 and forecasts at least $12.3 billion for the next quarter. CEO Charles Liang said, “We are scaling rapidly to support large AI and enterprise deployments.” (Super Micro Computer)
The update comes at a sensitive time for AI hardware suppliers. Investors are increasingly dividing the sector into two groups: those still moving shipments and those managing to do so without sacrificing margins.
Super Micro finds itself at the center of this debate because it delivers full systems built around the newest chips, not just the parts. “Super Micro’s growth is tied to its importance as the integrator to large cloud and AI customers,” said Gadjo Sevilla, a technology analyst at Emarketer. CFO David Weigand told analysts that “order strength remains strong” among data-center and enterprise clients. Reuters noted that revenue for the quarter included about $1.5 billion in shipments delayed from the previous quarter. (Reuters)
The quarter highlighted just how tight the margins remain in servers. Net income came in at $401 million, with diluted earnings of $0.60 per share. Gross margin—the portion of revenue left after product costs—dropped to 6.3%, down from 9.3% the previous quarter. Super Micro’s adjusted, or non-GAAP, earnings stood at $0.69 per share, excluding items like stock-based compensation.
Shares jumped roughly 7% in after-hours trading following the report, MarketWatch said, but margins remain a concern. Liang mentioned “near-term margin pressure” due to customer mix and supply-chain challenges, while analysts also highlighted rising memory prices as a drag, according to MarketWatch. (MarketWatch)
Bloomberg Intelligence analyst Woo Jin Ho credited the stronger-than-expected results to execution, noting that “better AI sales execution” fueled the sales beat and bolstered the optimistic 2026 forecast. (Bloomberg)
A separate earnings summary from StockStory estimated adjusted EBITDA — earnings before interest, taxes, depreciation, and amortization — at around $629 million for the quarter. It also placed the operating margin near 3.7%, highlighting how much of the revenue jump is being eaten up by expenses. (StockStory)
Still, the upside bet carries a clear risk: profitability. Barron’s flagged a steep drop in gross margins compared to last year, highlighting KeyBanc’s Brandon Nispel’s warning to hold off until Super Micro proves it can sustain steady margins and revenue without falling back into disappointing results. (Barron’s)
For now, the company has raised its sales targets and shifted attention back to execution. The real challenge lies ahead: can the March quarter keep up the momentum, and will the margin finally stabilize?
