Super Micro Reinstates $40B FY26 Guidance After $12.7B Q2, Warns Intel CPU Margin Risk
Super Micro reinstated FY2026 revenue guidance at $40B after reporting $12.7B in Q2 and forecasts $12.3B in Q3 with expected earnings growth of 103.2% for the quarter and 7.8% for the year. Management warns Intel server CPU supply constraints could compress margins as it shifts toward higher-margin enterprise opportunities.
1. Q2 Results and FY2026 Guidance
Super Micro Computer reported fiscal Q2 revenue of $12.7B and reinstated full-year 2026 revenue guidance at $40B, supported by strong demand for its Data Center Building Block Solutions (DCBBS). Management forecasts fiscal Q3 revenue of $12.3B and expects earnings growth of 103.2% for the quarter and 7.8% for the year.
2. Margin Risks and Strategic Pivot
Executives warn that supply constraints for Intel server CPUs could compress gross margins despite high demand for AI infrastructure. To mitigate pressure, Super Micro is shifting toward higher-margin enterprise offerings with stronger pricing leverage alongside its DCBBS ramp to optimize profitability.