Super Micro Computer (NASDAQ: SMCI) reported fiscal year 2026 revenue of $39.1 billion, reflecting 78% growth from $22.0 billion generated in fiscal year 2025, the Financial Times reported.
CEO Charles Liang described the results as a landmark moment, stating: “Fiscal year 2026 was a historic milestone for Supermicro as we nearly doubled our revenue year-over-year, growing from $22 billion last year to $39 billion fiscal year 2026.”
Fourth quarter revenue reached $11.1 billion, representing a 93% increase year-over-year and a 9% rise quarter-over-quarter, despite delays in customer infrastructure readiness.
Non-GAAP gross margin for Q4 expanded sharply to 17.6%, up from just 10.1% in the prior quarter, driven by favorable customer and product mix alongside lower inventory reserves.
Non-GAAP diluted earnings per share for the fourth quarter came in at $1.70, reflecting the improved profitability profile the company has been working toward through a deliberate mix strategy.
Nine individual customers each contributed more than $1 billion in revenue during fiscal year 2026, underscoring the scale and concentration of demand for Supermicro’s AI infrastructure offerings.
The company received over $60 billion in new orders during fiscal year 2026, closing the year with a record backlog that management says positions it well heading into fiscal 2027.
Supermicro issued $5.6 billion in financing to support working capital requirements tied to the rapid buildout of customer infrastructure across its global operations.
CFO David Weigand flagged ongoing uncertainty around trade policy, noting that “the rest of the industry is expecting that the tariffs may go back up, maybe not be in the same fashion, but they may go back up.”
OEM appliance and large data center revenue totaled $5.5 billion in Q4, growing 50% year-over-year but declining 26% sequentially, reflecting the uneven timing of large-scale infrastructure deployments.
Liang emphasized that demand for AI IT solutions is “even stronger than ever before” as the company shifts its identity from a U.S.-based server manufacturer toward a full AI IT data center total solution company.
The strategic pivot centers on the company’s Data Center Building Block Solutions platform, which integrates GPU and CPU servers, enterprise storage, direct liquid cooling, high-speed networking, and full lifecycle services into a unified offering.
Margin expansion going forward is expected to be supported by faster-growing infrastructure and agentic AI-centric products, as well as a deliberate push to grow the enterprise customer base through dedicated departments added since early 2026.
Supermicro operates main facilities in the United States, Taiwan, Malaysia, and the Netherlands, with management reaffirming that all total Data Center Building Block Solutions are designed and manufactured domestically in the U.S.
Scaling liquid cooling manufacturing capacity and broadening the enterprise customer base are the two primary strategic priorities named by management for the fiscal year 2027 operating period.
