Short answer
Supermicro (SMCI) filed its Q1 2026 10-Q quarterly report on May 11, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $10.2B (up 122.7% year over year) with net income of $483M.
Q1 2026 key financials · XBRL
- Revenue
- $10.2B
- +122.7% YoY · −19.2% QoQ
- Net income
- $483M
- +344.4% YoY · +20.7% QoQ
- Operating margin
- 6.1%
- Gross margin
- 9.9%
- EPS (diluted)
- $0.73
- +265.0% YoY · +21.7% QoQ
Source: XBRL data from the Supermicro (SMCI) Q1 2026 10-Q on SEC EDGAR. USD.
Supermicro Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $10,243.0M, up 122.7% YoY from $4,599.9M
- Gross margin 9.9% vs 9.6% YoY; operating margin 6.1% vs 3.2%
- AI GPU products best-performing line, sales $5,158.6M, up 150.5% YoY
- Interest expense rose to $64.5M from $13.4M, including $34.6M from revolving-credit drawdown
- Outlook: continued AI and data-center demand; tariff, supply-chain, inflation, and geopolitical headwinds
Risk Factors
- Newly triggered reputational risk: March 19, 2026 unsealed indictment alleging export-control violations by three former associates
- Most material regulatory change: January 2025 rules imposed worldwide authorization and per-consignee limits on advanced-computing exports
- Compliance exposure: alleged broker-assisted violations could bring investigations, fines, and civil or criminal penalties
- Near-term market risk: tighter GPU controls could restrict China and other-market sales while competitors face fewer limitations
- Supply-chain risk: potential Taiwan restrictions could disrupt component, parts, and service availability
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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