Description
Super Micro Computer (SMCI) Sees AI Platforms Exceed 80% Of Revenue; What’s Next?
Super Micro Computer, Inc. reported third-quarter fiscal 2026 revenue of $10.2 billion, marking a 123% increase year-over-year but a 19% decline sequentially. The quarter experienced a revenue shortfall primarily due to delays linked to customer site readiness and broader industry supply chain constraints, including shortages in CPUs, GPUs, memory, and SSDs. The company highlighted that several customer data center sites were not yet equipped with necessary power and networking infrastructure, causing deferred revenue expected to be recognized in upcoming quarters. The backlog of orders remains at record highs, reflecting persistent demand, particularly driven by AI infrastructure, with AI GPU-related platforms accounting for over 80% of revenue. Gross margins rebounded significantly, reaching 10.1% on a non-GAAP basis, up from 6.4% in the prior quarter, aided by an improved product mix, reduced tariff-related costs, decreased expedite charges, and effective inventory management.
