Super Micro Computer, Inc. · SMCI · Next earnings

Super Micro Computer, Inc. reports Tuesday, Nov 3, 2026

SMCI reports after market close with consensus EPS at $1.06 and revenue at $14.94B. Last quarter: SMCI Q3 Revenue Misses on Site Delays, but Margin Rebound and EPS Beat Drive 24% Rally

Reports After market close44 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $1.06 Calendar consensus
Consensus revenue $14.94B Calendar consensus
Report date Nov 3, 2026 Tuesday, date estimated
Session After market close 44 days away

Where SMCI left off: FY2026 Q3

Full report

SMCI Q3 Revenue Misses on Site Delays, but Margin Rebound and EPS Beat Drive 24% Rally

EPS surprise +36.1% Reported $0.84 vs $0.62
Revenue surprise -17.3% Reported $10.24B vs $12.39B
Stock move +24.5% Event window
Subsequent drift +35.3% Up to 20 sessions

Q4 revenue guidance maintained at $11–12.5B, below the prior quarter's $12.3B Q3 target that was missed. Full-year guidance was previously raised to at least $40B in Q2. Guidance sentiment shifted from raised to maintained, and the capex outlook moved from increasing to decreasing. Management signaled modest margin expectations for Q4.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Legal and reputational impact from export-control indictment and DOJ investigation involving alleged diversion to China
  • Supply chain shortages of CPUs, GPUs, memory, and SSDs constraining fulfillment
  • Customer concentration — one customer represents 27% of revenue
  • Elevated working-capital requirements and negative free cash flow
  • Potential need for additional capital if growth accelerates

Questions analysts left open

  • Impact of the indictment and export investigation on vendor relationships
  • Sustainability of the gross-margin improvement to 10.1%
  • Extent of deferred revenue and its conversion timing
  • Working-capital pressures amid GPU platform transitions
  • Continued reliance on a few large customers

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Recent SMCI quarters

All SMCI earnings
+24.5%FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.