Super Micro $SMCI ( ▲ 13.79% ) just dropped a monster quarter, crushing revenue and profit expectations and backing it up with strong guidance for the current period. After a rocky stretch last year, the AI server maker is finally giving investors numbers that match the hype.
This was the kind of print bulls have been waiting for.
Q2 Came in Way Ahead of Plan
Super Micro reported fiscal Q2 net sales of $12.7 billion, far above the $10.43 billion analysts expected and well beyond its own prior guidance. Adjusted earnings per share came in at $0.69, easily beating estimates of $0.49.
That is a sharp turnaround from prior quarters when the company warned that big new design wins would pressure margins during the ramp phase. This time, scale appears to be kicking in more forcefully.
Guidance Signals Momentum Is Carrying Forward
For the current quarter, Super Micro expects net sales of at least $12.3 billion, miles ahead of the $10.25 billion consensus. Adjusted earnings per share are projected to be at least $0.60, also above expectations.
Those numbers suggest demand for AI servers remains extremely strong, as cloud providers and enterprises continue building out infrastructure for AI training and inference workloads.
From Missed Promises to Delivering
Just a few months ago, Super Micro $SMCI had investors worried. Management flagged profitability pressure tied to a major design award with lower margins, and the company even pre-announced a sales miss that it said would be made up later.
Now, that catch-up appears to be happening. CEO Charles Liang has said double-digit gross margins are still the goal, even if the timeline slipped. With this quarter’s results, 2026 is starting to look more like execution than excuses for Super Micro $SMCI.