Q1 2026 Super Micro Computer Inc Earnings Call Transcript

Nov 04, 2025 / 10:00PM GMT

Release Date Price: $47.4 (-6.60%)

Transcript 10-Q8-K

Key Points

Positve

Super Micro Computer Inc (SMCI) reported a strong start to fiscal 2026, driven by the dynamic AI growth trend.
The company has a significant backlog of over $13 billion in orders, including the largest deal in its 32-year history.
Super Micro Computer Inc (SMCI) is expanding its global footprint with new production facilities in Taiwan, the Netherlands, Malaysia, and soon in the Middle East.
The company is investing in its data center building block solution (DCBBS), which is expected to drive future growth and profitability.
Super Micro Computer Inc (SMCI) anticipates achieving at least $36 billion in revenue for fiscal year 2026, reflecting confidence in its growth trajectory.

Negative

Q1 fiscal year 2026 revenue was $5 billion, down 15% year-over-year and down 13% quarter over quarter.
The company experienced a shift of approximately $1.5 billion in revenue from the September quarter to the December quarter due to last-minute configuration upgrades.
Gross margins are expected to be down 300 basis points in Q2 fiscal year 2026 due to higher costs associated with ramping new mega-scale platforms.
Super Micro Computer Inc (SMCI) reported a negative free cash flow of $950 million for Q1 due to higher inventory levels and working capital needs.
The company faces intense competition, which may pressure margins in the near term as it captures AI infrastructure market share.

Operator

Thank you for standing by. My name is Matt, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Super Micro Computer, Inc. business update call.

With us today are Charles Liang, Founder, President and Chief Executive Officer; David Weigand, CFO; and Michael Staiger, Senior Vice President of Corporate Development.

Michael Staiger

Super Micro Computer Inc - Senior Vice President - Corporate Development

Thank you, Matt. Good afternoon, and thank you for attending Super Micro's call to discuss financial results for the first quarter and full fiscal year 2026, which ended September 30, 2025. With me today are Charles Liang, Founder, Chairman and Chief Executive Officer; and David Weigand, Chief Financial Officer. By now, you should have received a copy of the press release from the company that was distributed at the close of regular trading and is available on the company's website.

As a reminder, during today's call, the company will refer to a presentation that is available to participants in the

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