Super Micro (SMCI) Q3 earnings report 2026
Super Micro Computer Shares rose 21% in extended trading Tuesday after the server maker issued strong guidance, but fiscal third-quarter revenue came in below estimates.
Here is the company’s performance compared to the LSEG consensus:
- Earnings per share: 84 cents adjusted, 62 cents expected
- Revenues: 10.24 billion dollars, while the expectation was 12.33 billion dollars
Revenues rose 123% year over year in the quarter ended March 31. expression.
Customer preparedness caused delays in revenue recognition during the quarter, CEO Charles Liang told analysts on a conference call.
“Many customers did not yet have the power and network connectivity needed for cloud deployments, and we expect to achieve this revenue in the coming quarters,” he said.
Industry-wide supply constraints also impacted results, said David Weigand, Super Micro’s chief financial officer.
Liang said that memory prices have increased while there are shortages of graphics processing units and Intel processors.
For the fiscal fourth quarter, management called for a change in adjusted earnings per share of 65 cents to 79 cents on revenue of $11 billion to $12.5 billion. LSEG’s consensus was for earnings of 55 cents per share and revenue of $11.07 billion.
Super Micro has carved out a niche for itself in the AI boom by selling servers packed with Nvidia’s graphics processing units. But the company also faced other challenges.
During the quarter, the U.S. Attorney’s Office for the Southern District of New York accused partners of an unidentified U.S. server maker of illegally diverting billions of dollars in Nvidia-powered servers to China. Although Super Micro’s name is not mentioned in the indictment, the company stated that one of the defendants is a co-founder and manager, the other is a manager, and the third is a contractor.
“It appears that Supermicro fell victim to elaborate schemes orchestrated by these individuals that deceived both federal authorities and our internal compliance team,” Liang told investors in March. Liang wrote that Wally Liaw, the co-founder and executive named in the indictment, no longer has any relationship with the company and has resigned from the board of directors.
Weigand said administrators do not believe they will need to re-announce the results following the indictment.
Rather than being shaken by this incident, most customers stuck with Super Micro and grew their businesses, Liang said.
“I personally don’t feel any negative emotions right now,” he said. Relationships broadcomHe said Nvidia and other partners remain healthy.
As of Tuesday’s close, Super Micro shares were down about 5% for the year, while the S&P 500 had gained 6% in the same period.
On Tuesday’s earnings call, Liang said Super Micro is adding new manufacturing facilities in Silicon Valley and that the company is “extraordinarily well positioned to meet the massive demand for a variety of AI and enterprise verticals.”
Super Micro said in April that its fourth Bay Area location will exceed 714,000 square feet of manufacturing, design, testing and service space.
WRISTWATCH: Prosecutors accuse Super Micro executives of smuggling chips to China
