Supermicro estimates fiscal Q1 revenue above earlier guidance
Supermicro
Supermicro (SMCI) estimates revenue of $18.5 billion to $19.5 billion for its fiscal first quarter ended September 30, 2026, above earlier guidance of $14.5 billion to $15.5 billion. The company attributed the increase primarily to stronger demand for AI platforms.[1]
Margins also above the earlier range
Estimated gross margin is 12.0% to 12.5%, compared with guidance of 10.4% to 10.8%. Supermicro attributed that improvement primarily to customer and product mix.[1]
The figures are preliminary and unaudited, and management said they remain subject to revision. The company plans to discuss fiscal first-quarter 2027 results on November 3.[1]
What matters for shareholders
The update points to stronger sales and a more favorable mix than the company previously expected. Final results will test whether that improvement holds through the closing process. The preliminary revenue and gross margin figures do not establish final earnings.[1]
SMCI insider trading activity
In open-market trades dated in the last 90 days, no insider bought and 2 insiders sold $24.4M, all of it under preset trading plans, per Form 4 filings.
- Charles Liang (President and CEO) sold 300,000 shares for $12.2M under a preset plan, last filed Oct 9.
- Liang Chiu-Chu Sara Liu (Director) sold 300,000 shares for $12.2M under a preset plan, last filed Oct 9.
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SMCI 13F fund activity
In 13F filings received so far for the quarter ended Sep 30, 2026, 2 funds we track made a large change in SMCI: 1 opened a position or grew one by half or more, and 1 cut one by half or more.
- Fmr LLC cut 2,685,795 shares.
- Squarepoint Ops LLC added 2,116,887 shares.
