Short answer
Supermicro (SMCI) filed its Q4 2025 10-Q quarterly report on Feb 6, 2026 for the quarter ended Dec 31, 2025. Quarterly revenue was $12.7B (up 123.4% year over year) with net income of $401M.
Q4 2025 key financials · XBRL
- Revenue
- $12.7B
- +123.4% YoY · +152.8% QoQ
- Net income
- $401M
- +24.9% YoY · +138.0% QoQ
- Operating margin
- 3.7%
- Gross margin
- 6.3%
- EPS (diluted)
- $0.60
- +20.0% YoY · +130.8% QoQ
Source: XBRL data from the Supermicro (SMCI) Q4 2025 10-Q on SEC EDGAR. USD.
Supermicro Q4 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $12,682.5M Q2 FY2026, up 123.4% YoY from $5,678.0M, driven by AI GPU products (+169.7%) and datacenter orders
- Gross margin 6.3% Q2 FY2026 vs 11.8% Q2 FY2025, a 5.5% decrease due to product mix, higher production costs, tariffs, and inventory write-downs
- AI GPU segment best performer: $7,398.2M sales (+169.7% YoY); Other products declined 42.5% YoY (-$475.9M)
- Operating expenses up 7.6% to $324.3M in Q2 FY2026; R&D +14.3%, driven by employee costs; Sales & marketing down 8.2% due to higher partner funding
- Cash and equivalents decreased to $4.1B from $5.2B at June 30, 2025; operating cash flow negative $941.4M vs positive $169.1M prior year due to inventory and receivables growth
- Management expects ongoing capital expenditures $200M-$220M for FY2026 for manufacturing and IT investments; emphasizing AI/datacenter expansion and new products
- Near-term outlook challenged by lower margins from pricing strategy, tariffs, supply chain and inventory adjustments; positive demand for AI GPU solutions remains key growth driver
Risk Factors
- No new or changed risk factors since 10-K for fiscal year ended June 30, 2025
- Continued supply chain disruptions impacting component availability and delivery timelines
- Exposure to competitive pricing pressures in server and storage markets affecting gross margins
- Risks from cybersecurity threats potentially disrupting operations and customer trust
- Foreign currency fluctuations, especially USD to CNY, impacting revenue and operating costs
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Supermicro quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.