Super Micro Computer projects FY26 net sales of $38.9-40.4B, names Vik Malyala chief business officer

Super Micro Computer just told Wall Street it expects to pull in between $38.9 billion and $40.4 billion in net sales for fiscal year 2026.

The guidance, announced on May 5, 2026, landed alongside the appointment of Vik Malyala as the company’s new Chief Business Officer.

The numbers behind the confidence

The company’s third quarter of fiscal year 2026 delivered net sales of $10.2 billion. That figure represents a doubling of revenue compared to the same period a year earlier.

Net income for Q3 FY26 came in at $483 million, representing growth north of 200% on a year-over-year basis.

Q2 FY26 sales were reported at $12.68 billion, meaning the $10.2 billion Q3 figure actually represented a sequential dip.

Q1 CY2026 revenue hit $10.24 billion, a 123% increase year-over-year, but still came in below the $12.38 billion that analysts had penciled in. The company guided Q2 CY2026 at $11.75 billion.

Context: the long and bumpy road

Shares were recently trading around $35.37, with a target price sitting at $36.75.

What this means for investors

The $38.9–40.4 billion guidance range provides a full-year framework that smooths out quarter-to-quarter volatility. If you take the midpoint of the guidance, roughly $39.7 billion, and subtract the approximately $33.1 billion in sales already reported or guided across Q1 through Q3, the implied Q4 revenue sits in the range of $6–7 billion — a sequential decline from Q3’s $10.2 billion.

Dell Technologies and Hewlett Packard Enterprise are both pushing aggressively into AI server territory. Dell in particular has been vocal about its AI server pipeline reaching multi-billion-dollar levels.

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