Super Micro Computer Inc. reported fiscal first-quarter revenue of $19.95 billion, nearly quadrupling from $5.02 billion a year prior as demand for AI servers with Nvidia chips surges. Net income rose to $1.59 billion. The company raised its annual sales forecast to between $72 billion and $82 billion, though customer concentration remains high with a single client generating 44% of quarterly revenue.
First-quarter financial results
- ▪Super Micro Computer Inc. reported fiscal first-quarter revenue rose to $19.95 billion from $5.02 billion a year earlier, exceeding analyst estimates
- ▪Super Micro Computer Inc. recorded a fiscal first-quarter profit of $1.59 billion, or $1.75 a share, compared with $168.3 million, or 26 cents a share, in the same period a year earlier
Customer concentration
- ▪Two clients represented 49% and 17% of Super Micro Computer Inc.'s accounts receivable during the fiscal first quarter ended Sept. 30
- ▪One large data center customer accounted for 44% of Super Micro Computer Inc.'s revenue in the fiscal first quarter ended Sept. 30, up from 28% in all of fiscal year 2026
Financial forecasts
- ▪Super Micro Computer Inc. raised its fiscal year 2027 sales forecast to $72 billion to $82 billion from a previous fiscal 2027 outlook of $65 billion to $72 billion
- ▪Super Micro Computer Inc. projects fiscal second-quarter profit, excluding some items, of $1.66 to $1.90 a share, exceeding Bloomberg estimates of $1.08
- ▪Super Micro Computer Inc. forecast fiscal second-quarter revenue of $19.5 billion to $21.5 billion, above analyst expectations of $16.5 billion
AI server demand
- ▪Super Micro Computer Inc. experiences demand surge for servers fitted with Nvidia Corp. chips as AI labs, cloud companies, and financial firms build out data centers
- ▪Chief Financial Officer Mark Long said Super Micro Computer Inc. expects artificial intelligence products to account for approximately 70% to 80% of sales in the fiscal year ending in 2027
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