Super Micro Computer Inc (NASDAQ:SMCI) reported fourth-quarter results that missed Wall Street estimates, but issued a strong revenue forecast for fiscal 2026 amid strong demand for its AI-optimized servers.
The company posted revenue of $5.8 billion for the quarter ended June 30, up 7% from a year earlier but below analysts’ average estimate of $5.99 billion, according to LSEG data.
Adjusted earnings per share came in at $0.41, missing the consensus estimate of $0.44, a 24% year-over-year decline.
Net income fell 34% to $195 million, while gross margin narrowed by 70 basis points to 9.5%. Despite the margin pressure, operating cash flow was strong at $864 million, and capital expenditures totaled $79 million.
Shares of Super Micro fell around 12% in extended trading following the results.
Looking ahead, the San Jose, California-based server maker guided for full-year fiscal 2026 revenue of at least $33 billion, well ahead of analysts’ expectations of $30.03 billion. For the current quarter, the company expects revenue between $6 billion and $7 billion, compared to the $6.61 billion forecast, and non-GAAP EPS of $0.40 to $0.52, below estimates of $0.56.
“We made solid progress in FY25 by growing our AI solution leadership in Neoclouds, CSPs, Enterprises, and Sovereign entities, which fueled our 47% annual growth,” said CEO Charles Liang.
The company is expanding its large-scale datacenter customer base from four in fiscal 2025 to as many as eight in fiscal 2026.
Liang also highlighted the company’s Datacenter Building Block Solutions, which he said offer “exceptional value” for customers seeking faster deployment times.
Super Micro has emerged as a major beneficiary of surging demand for AI infrastructure, supplying high-performance servers for data centers running advanced workloads.