Haverhill Financial Research · News · Earnings · October 23, 2026
What happened
Super Micro Computer said on October 20 that it expects revenue of $18.5 billion to $19.5 billion for its fiscal first quarter, which ended in September. Its own forecast had been $14.5 billion to $15.5 billion. It also expects gross margin of 12.0% to 12.5%, above the 10.4% to 10.8% it had guided. The company will report full results on November 3 after the market closes.
Revenue, $ billions, and gross margin, %. Source: Super Micro, October 20, 2026.
The numbers
| Measure | Preliminary | Prior guidance |
|---|---|---|
| Revenue | $18.5B to $19.5B | $14.5B to $15.5B |
| Gross margin | 12.0% to 12.5% | 10.4% to 10.8% |
| Year-ago revenueFiscal Q1 2026 | About $5.0B | — |
Why it matters
At the midpoint, revenue would be nearly four times what Super Micro reported a year ago. The company builds servers and racks for AI data centers, so the jump is another sign of how much the large cloud providers are spending. The higher gross margin matters too. Super Micro's margins have been thin, and this quarter's range is well above what the company itself expected three months ago.
What comes next
These are preliminary figures. The full report on November 3 should also bring an outlook for the December quarter, which will show whether the company expects this level of demand to continue.
Sources and disclosures
Figures come from Super Micro's preliminary first-quarter results, filed with the SEC on October 20, 2026. The comparison with year-ago revenue is our calculation.
Disclosures. Haverhill Financial Research is a publisher of general financial commentary. This article is not personalized investment advice and does not consider any reader's financial situation; readers should do their own research. Nothing here is a recommendation to buy or sell any security. Company figures and guidance can change. The author of this post does not hold positions in Super Micro Computer or the other companies named. Data as of October 23, 2026.
