Super Micro Computer, Inc. (SMCI) · Nov 3, 2026 · Earnings

Supermicro earnings beat as AI revenue nears $20B, margins hold

Beat — Non-GAAP diluted EPS $1.81 vs ~$1.23 consensus

Supermicro’s Q1 earnings beat consensus on record AI-driven revenue and solid margins, while heavy working-capital needs kept operating cash flow negative.

Supermicro is in the middle of a rapid shift from server hardware maker to a broader AI datacenter-systems provider, expanding its Data Center Building Block Solutions, software, networking, cooling, and global production footprint. That strategy was already gaining traction before this release: the company entered fiscal 2027 citing more than $60 billion of new orders and record backlog.

The quarter beat a high bar and modestly exceeded even the company’s recent preliminary update. Revenue reached $19.946 billion, above the published consensus of about $17.53 billion and above the $18.5-$19.5 billion preliminary range disclosed in October. Non-GAAP diluted EPS was $1.81 versus roughly $1.23 expected. The filing calls this “record revenue of $19.9billion for the first quarter fiscal 2027.”

Metric	Q1 FY2027	Q1 FY2026	Consensus / comparison
Net sales (Income Statement)	$19.946B (+297.5%)	$5.018B	~$17.53B
Non-GAAP diluted EPS (Non-GAAP EPS reconciliation)	$1.81 (+417.1%)	$0.35	~$1.23
Non-GAAP gross margin (Gross margin reconciliation)	12.8%	9.5%	—
Net cash from operating activities (Cash Flow statement)	$(434M)	$(918M)	—
Q2 FY2027 net sales guidance (Outlook)	$19.5B-$21.5B	—	—

Margins improved, but the business is still carrying substantial execution risk. Non-GAAP gross margin was 12.8%, up from 9.5% a year earlier and slightly above the October preliminary range. That supports the company’s claim that its broader datacenter offering is improving economics, although the margin remains modest for a business delivering this much revenue. The filing reported, “The Non-GAAP gross margin for the first quarter of fiscal year 2027 was 12.8%.”

The main weakness is cash conversion, not demand. Operating cash flow was negative $434 million as accounts receivable increased by roughly $3.56 billion and inventories by about $2.48 billion. Deferred revenue provided a $3.05 billion lift, but it was not enough to offset the investment tied to rapid shipment growth. Cash and equivalents also fell from $7.52 billion at June 30 to $6.90 billion at September 30. This does not overturn the growth story, but it shows that scaling AI infrastructure is consuming working capital before the reported profit fully turns into cash.

The new Q2 outlook keeps the revenue machine running at roughly this quarter’s level. Management guided to $19.5 billion-$21.5 billion of Q2 revenue and non-GAAP diluted EPS of $1.66-$1.90, which implies continued exceptionally high demand rather than a near-term slowdown. The filing says, “The Company expects net sales in the range of $19.5billion and $21.5billion for the second quarter of fiscal year 2027 ending December 31, 2026.”

The results are preliminary, which slightly lowers the quality of the receipt. The company says its closing procedures were incomplete and that management and the audit committee had not finished their review, so final figures could change. The filing explicitly warns that “the actual results may differ materially from these preliminary estimated data.”

Bottom line: This is a clear operating beat that strengthens Supermicro’s AI-infrastructure growth story and confirms demand is running ahead of expectations. The offset is that rapid growth still requires heavy working capital, so the next test is whether strong reported earnings convert into cash.

What to watch next

Q2 results, expected early February 2027

Original filing on SEC EDGAR

More Super Micro Computer, Inc. news

Live · an AI on the whole US market

Breaking down Wall Street's information edge.

A buy-side analyst on every ticker.

It reads every public company's filing the second it drops — decoded into plain English, before it's a headline. The edge every investor deserves, not just the desks.

Trade the facts, not the FOMO.

Every event

8-Ks decoded the moment they file

Every number

Fundamentals, valuation, quality

What's next

Earnings calendar + the analyst view

scroll ↓

From filing to your screen in seconds

AllSight is the fastest.

DETECT

The moment it files

Every public company, around the clock. The AI never blinks and never takes lunch — nothing to set up.

filed 9:41:03 · decoded 9:41:19

DECODE

Plain English — never a call.

The event, the numbers, how it sits vs. expectations — in seconds. The AI decodes it; you pull the trigger.

DELIVER

On your screen, before the bell

Overnight and premarket, it's already read everything. You walk into every session with the setup — not scrambling to find it.

Understand it like a Wall Street analyst. Explained like a friend.

the raw filing — read the original on SEC.gov↗

decoded▸

AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

Know a company all the way down.

Not just one filing. AllSight profiles every public company end to end — the numbers, the quality, the insiders, the smart money, the Street. One page, nothing missed.

Price & every insider trade, plotted
A quality score ranked against every peer
40+ valuation & profitability multiples
Where each one sits in its 5-year range
Whole-market insider flow, in real time
Which superinvestors are holding it
Analyst consensus & price target

Live · — filings read this week

AllSight gives you an edge others can't.

One scan before the open, one after the close — every filing on every ticker, already decoded. You walk into every session fully prepared.

Not investment advice · a neutral translation you can check against the original SEC filing

allsight.ai

Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

Community sentiment · 612 votes

58% bullish

Bull 58%Neu 27%Bear 15%

AllSight

AllSight Pro

A buy-side analyst on every ticker — reading the whole market the second it moves.

It reads every public company's filing the instant it drops and hands you what it means — in plain English, before it's a headline.

The read itself

Not another feed. A buy-side analyst that never sleeps, on everything.

Whole-market breadthevery public company

Not the 20 names CNBC repeats. Every ticker that files — thousands of companies, one AI reading all of them.

Filed-to-decoded in secondsspeed

Filed 9:41:03, decoded 9:41:19. You've got the catalyst while the tape is still moving and the crowd's still on the headline.

Past the headlinedepth

What actually happened, the numbers that matter, how it sits vs what the Street expected, and what it sets up next.

Source-grounded & neutralrigor

Every read traces to the words in the actual filing — click to see them. A translation you can check, never a buy/sell call.

Zero effort to youconvenience

Plain English, one glance. Follow your stocks and the moment any of them files, it's in your pocket — no watching, no digging.

All of it, livePro

Free reads every session once it closes. Pro reads it the moment it files: the whole market, all day, every day.

And then — go deeper

From "what happened" to "is it worth it."

Cheap or dear?Where it trades vs its own valuation history.

The quality score, in fullAll five dimensions, ranked against its sector.

Structure & multi-year trendsRevenue, margins, cash — the hard numbers, decoded.

Insider activityWho inside the company is buying and selling.

Analyst price targetsWhere Wall Street says every name is headed.

The whole company, one pagePrice, ownership, the full read — on any ticker.

Hire your personal buy-side analyst.

Trade one usual slippage for a whole market's rhythm.

Free

forever

Every closed session, on the whole market. The live session and the deep company read stay Pro.

Monthly

$29/mo

billed monthly

Everything, live — every session the moment it files, plus the full company read. Flexible, month to month.

Best value · save 40%

Annual

$17.40/mo

$209 billed yearly

about one slippage a month

Same full access — the whole market live and every company — at the lowest price. 40% off the monthly.

Billed today. Powered by Stripe · AllSight never sees your card.

Supermicro earnings beat as AI revenue nears $20B, margins hold

What to watch next

More Super Micro Computer, Inc. news

Breaking down Wall Street's information edge.