Citable filing context
SMCI's research view summarizes recent SEC filing context, starting with earnings from Aug 11, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 11, 2026 | earnings | Supermicro reported Q4 2026 net sales of $11.1 billion and full fiscal year 2026 net sales of $39.1 billion. |
| Aug 5, 2026 | dividend_change | Supermicro declared an initial cash dividend of $14.7778 per share of 7.00% Series A Mandatory Convertible Preferred Stock. |
| Jul 21, 2026 | guidance_update | Supermicro provided a preliminary Q4 fiscal 2026 business update, estimating revenue near the low end of guidance. |
| Aug 11, 2026 | Guidance: revenue | 65000.00 to 72000.00 |
| Aug 11, 2026 | Guidance: revenue | 14500.00 to 15500.00 |
| Jul 21, 2026 | Guidance: gross_margin | 15.00 to 17.00 |
| May 11, 2026 | mda_quarterly | Net sales for the three months ended March 31, 2026, surged 122.7% to $10.2 billion, driven primarily by a 150.5% year-over-year increase in AI GPU-related products, including liquid-cooled and air-cooled servers. This growth was fueled by large design wins from a small number of customers and the deployment of Data Center Building Block Solutions (DCBBS). While net income rose to $483.4 million, gross margins remained relatively flat at 9.9%. Operating expenses increased 33.9% due to higher headcount and stock-based compensation. Significant headwinds include rising tariff expenses, which totaled $273.6 million over the first nine months of the fiscal year, and inventory write-downs of $79.9 million. Liquidity has tightened, with cash and cash equivalents decreasing to $1.3 billion from $5.2 billion. Net cash used in operating activities reached $7.56 billion for the nine-month period, reflecting aggressive inventory accumulation and increased accounts receivable to support rapid scaling. The company maintains substantial obligations, including $4.7 billion in convertible debt and $10.1 billion in non-cancelable purchase commitments. Future growth depends on maintaining first-to-market innovation and managing supply chain constraints amidst geopolitical volatility and macroeconomic pressures. |
| Feb 6, 2026 | mda_quarterly | Net sales for the three months ended December 31, 2025, surged 123.4% to $12.68 billion, primarily driven by a 169.7% year-over-year increase in AI GPU-related products, including complex liquid-cooled and air-cooled servers. Despite this growth, gross margin contracted to 6.3% from 11.8%, reflecting a strategic shift toward competitive pricing to capture market share, higher production expedite costs, increased tariff expenses, and inventory write-downs. Net income rose to $400.6 million. The company is prioritizing its Data Center Building Block Solutions (DCBBS) and maintaining close integration with partners like NVIDIA, Intel, and AMD to accelerate time-to-market. Liquidity is pressured by significant working capital requirements; net cash used in operating activities reached $941.4 million for the first six months of the fiscal year due to aggressive inventory accumulation and extended customer payment terms. As of December 31, 2025, SMCI held $4.1 billion in cash and cash equivalents, offset by $4.7 billion in convertible debt and $3.9 billion in non-cancelable purchase commitments. Anticipated capital expenditures for the remainder of fiscal 2026 range from $200 million to $220 million to expand global manufacturing capabilities and IT infrastructure. |
Source: SEC EDGAR filing text and events; period Aug 11, 2026; filed Aug 11, 2026.
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