Super Micro Computer posts Q4 adjusted EPS of $1.70, crushing estimates by 28%

Super Micro Computer just delivered fiscal Q4 2026 results that tell two very different stories depending on which number you look at first. The company’s non-GAAP diluted earnings per share landed at $1.70, beating Wall Street’s consensus estimate of roughly $1.33 by a comfortable margin. Net sales of $11.12 billion, meanwhile, came in just a hair below the $11.2 billion analysts were expecting.

The numbers behind the beat

The quarterly revenue figure becomes far more impressive when you zoom out. Super Micro pulled in $11.12 billion in Q4, up from $5.76 billion in the same quarter a year ago. That’s roughly 93% year-over-year growth.

Gross margins told an even more dramatic story. The company posted 17.5% GAAP and 17.6% non-GAAP margins for the quarter, compared to the prior guidance range of 8.2% to 8.4%.

The full fiscal year 2026 picture reinforces the trend. Annual net sales hit $39.06 billion, up from $21.97 billion in FY2025, representing roughly 78% growth. Non-GAAP diluted EPS for the full year came in at $3.63.

Perhaps the most eye-catching data point: Super Micro secured over $60 billion in new orders during Q4 alone, building what management described as a record backlog heading into the new fiscal year.

AI demand is doing the heavy lifting

The company added hundreds of new enterprise customers during the quarter. The $60 billion-plus order book suggests this demand isn’t a one-quarter phenomenon, as enterprises are making multi-quarter commitments to AI infrastructure buildouts.

Forward guidance signals continued acceleration

Management guided Q1 FY2027 revenue to a range of $14.5 billion to $15.5 billion, with non-GAAP EPS expected between $1.01 and $1.10. For the full fiscal year 2027, Super Micro is projecting revenue between $65 billion and $72 billion. At the midpoint of $68.5 billion, that would represent roughly 75% growth over FY2026’s $39.06 billion.

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