Super Micro Computer (SMCI) Earnings: Q1 Fiscal 2027 Results and Next Report Date

The quarter ended September 30, 2026 and Supermicro published the results on November 3, 2026. Revenue and diluted EPS are shown against Q1 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. Supermicro reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Supermicro's fiscal year ends June 30, so Q1 fiscal 2027 is the quarter ended September 30, 2026.
• Supermicro published a preliminary update on October 20, 2026, estimating Q1 fiscal 2027 revenue of $18.5 billion to $19.5 billion against its earlier guidance of $14.5 billion to $15.5 billion. Reported net sales came in above that range.
• Supermicro reports in thousands of dollars; the figures here are converted to millions. Segment rows are net sales by geographic region from the 10-Q, based on where products were shipped. Supermicro reports a single operating segment.

Source: Supermicro Q1 fiscal 2027 results, November 3, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Supermicro splits revenue in its own release, under its own labels, for Q1 fiscal 2027 against Q1 fiscal 2026. Indented lines are parts of the line above them.

• Supermicro's United States revenue was $16.0 billion in Q1 fiscal 2027, up 771% from $1.8 billion in Q1 fiscal 2026, 80% of total revenue.
• Supermicro's Asia revenue was $1.1 billion in Q1 fiscal 2027, down 53% from $2.3 billion in Q1 fiscal 2026, 5% of total revenue.
• Supermicro's Europe revenue was $2.3 billion in Q1 fiscal 2027, up 215% from $716 million in Q1 fiscal 2026, 11% of total revenue.
• Supermicro's Other revenue was $615 million in Q1 fiscal 2027, up 313% from $149 million in Q1 fiscal 2026, 3% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q1 fiscal 2027 release, Supermicro said:

“The Company expects net sales in the range of $19.5 billion and $21.5 billion for the second quarter of fiscal year 2027 ending December 31, 2026, GAAP net income per diluted share of $1.59 to $1.83 and non-GAAP net income per diluted share of $1.66 to $1.90.”

“The Company's projections for GAAP and non-GAAP net income per diluted share assume a tax rate of approximately 21.2% and 21.1%, respectively, and a fully diluted share count of 753 million shares for GAAP and fully diluted share count of 769 million shares for non-GAAP.”

“For fiscal year 2027, the Company expects net sales in the range of $72.0 billion to $82.0 billion.”

Source: Supermicro Q1 FY27 release, Nov 3, 2026.

This is the company's own guidance as of Nov 3, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the SMCI forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net sales and GAAP diluted EPS, each as first reported in that quarter's release.

Supermicro's next report is expected around February 2, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q1 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q1 fiscal 2027 (this page), reported Nov 3, 2026

Supermicro's net sales were $19,945.8 million in Q1 fiscal 2027, up 297.5% from $5,017.8 million a year earlier and up from $11.1 billion in Q4 fiscal 2026. Supermicro said the increase was primarily due to strong demand for AI platforms, with billing for its Hyper Servers, GPU and Super Racks product lines up $12,534.8 million, or 293.4%, year over year. (Supermicro Form 10-Q, Q1 FY27, Nov 6, 2026; Supermicro Q1 FY27 release, Nov 3, 2026)

Supermicro sells server and storage systems, including rack-scale solutions for AI and high-performance computing, plus subsystems and accessories such as power supplies, server boards and chassis. The 10-Q says the growth came mostly from liquid-cooled and air-cooled GB200 and GB300 systems, which are more complex and of higher value, with higher shipment volumes and a modest increase in average selling prices. (Supermicro Form 10-Q, Q1 FY27, Nov 6, 2026; Supermicro Form 10-K, fiscal 2026, Aug 31, 2026)

Supermicro's sales are highly concentrated. One customer represented 44.0% of total net sales in Q1 fiscal 2027; a year earlier two customers represented 17.3% and 11.6%. Services and software contributed $317.8 million of revenue in the quarter, against $87.6 million a year earlier. (Supermicro Form 10-Q, Q1 FY27, Nov 6, 2026)

Supermicro's geographic mix shifted toward the United States, which took 80.1% of net sales against 36.6% a year earlier. Asia fell to 5.5% from 46.2%, and Europe was 11.3% against 14.3%. Supermicro assigns sales by the country to which products were shipped. (Supermicro Form 10-Q, Q1 FY27, Nov 6, 2026)

Supermicro's balance sheet shows customer payments received ahead of delivery. Current deferred revenue was $4,329.3 million at September 30, 2026, against $1,578 million at June 30, 2026, and inventories rose to $15,053.6 million from $12,895.9 million. (Supermicro Q1 FY27 release, Nov 3, 2026; Supermicro Form 10-Q, Q1 FY27, Nov 6, 2026)

Supermicro's GAAP diluted EPS was $1.75 in Q1 fiscal 2027 and its non-GAAP diluted EPS $1.81. The only adjustment is stock-based compensation, which was $100.2 million before tax, worth $0.11 a share, less a $0.05 income tax effect. (Supermicro Q1 FY27 release, Nov 3, 2026)

Supermicro's per-share earnings are calculated on less than its $1,594.2 million of net income. Dividends on its 7.00% Series A Mandatory Convertible Preferred Stock took $75.8 million, and $251.6 million was allocated to participating securities, leaving $1,266.8 million attributable to common stockholders on a basic basis. Diluted weighted-average shares were 749,351 thousand, against 663,235 thousand a year earlier. (Supermicro Q1 FY27 release, Nov 3, 2026; Supermicro Form 10-Q, Q1 FY27, Nov 6, 2026)

Supermicro's gross margin rose to 12.7% from 9.3%, which it attributed to customer and product mix, while operating expenses rose 67.1% on higher headcount, salary and stock-based compensation. The GAAP effective tax rate was 21.4%, against 19.3% a year earlier. (Supermicro Form 10-Q, Q1 FY27, Nov 6, 2026; Supermicro Q1 FY27 release, Nov 3, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Supermicro gives a numeric outlook in its release. For Q2 fiscal 2027, ending December 31, 2026, it expects net sales of $19.5 billion to $21.5 billion, GAAP diluted EPS of $1.59 to $1.83 and non-GAAP diluted EPS of $1.66 to $1.90, assuming tax rates of about 21.2% and 21.1% and fully diluted share counts of 753 million and 769 million. For fiscal 2027 it expects net sales of $72.0 billion to $82.0 billion. (Supermicro Q1 FY27 release, Nov 3, 2026)

A consensus figure is the average of the models published by the analysts who cover Supermicro, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Supermicro's own release and filings put weight on for Q1 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning SMCI is on is SMCI a buy or a sell?, what analysts expect next is on the SMCI forecast, and what the company does is on the Super Micro Computer (SMCI) stock page.

Every number on this page can be traced to a document Supermicro published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.