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21:00
May 05 ◎

SMCI FY2026 Q3 Watch

Super Micro Computer, Inc. (SMCI) FY2026 Q3 Earnings Call

AMD INTC NVDA ARM SMCI ▾

Charles Liang

SMCI highlights ongoing strength for AMD's current MI350 platform and its preparation for future MI400-series products, signaling deepening partnership.

"We continue to build on strong momentum of our AMD MI350 platform as we prepare for the next generation of AMD Helios solutions featuring APEC, Venus, and MI400 series of products."

AMD WATCH

Charles Liang

SMCI is collaborating with Intel on next-gen Xeon platforms, providing a signal of continued joint product development.

"In addition, we are working closely with Intel and ARM on the development of upcoming Xeon 6 Plus platforms..."

INTC WATCH

Charles Liang

Management is preparing for NVIDIA's next-generation 'Verilubin' systems and 'MVL-72 Supercluster'. — This confirms SMCI's strategic priority to secure early supply and design wins for NVIDIA's upcoming platform, indicating strong collaboration and early allocation.

"We continue to grow and expand our partnership with many key suppliers. Especially with NVIDIA, we are currently shipping many SKUs over the latest large-scale systems, including GB300MVL72, many B300HGX SKUs... and we are preparing to be"

NVDA WATCH

Charles Liang

SMCI is developing ARM-based AGI GPU solutions, expected to offer performance-per-watt that is optimal for agentic AI workloads.

"In addition, we are working closely with Intel and ARM on the development of upcoming Xeon 6 Plus platforms and a new addition to our portfolio, including ARM AGI GPU-based solutions."

ARM WATCH

Charles Liang

Management guides for robust Q4 revenue of $11-12.5B despite macro headwinds and component shortages, signaling strong demand and confidence in executing against a record backlog.

"For the first quarter, we target $12 billion, given stable supply conditions. For the full year, we target $40 billion."

SMCI WATCH

Charles Liang

Memory and SSD prices have more than tripled over the last six months, a global supply phenomenon affecting all system builders. — This is a direct observation of inflationary pressure in memory prices, which benefits memory makers but hurts system builder margins across the industry.

"In last six months, as you know, on the memory, SSD price grow so much, double, triple, more than triple. And some CPU shortage, especially from Intel. So, and also even some GPU shortage"

MU WATCH WDC WATCH

HIGH

22:00
Feb 03 ◎

SMCI FY2026 Q2 Watch

Super Micro Computer, Inc. (SMCI) FY2026 Q2 Earnings Call

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Charles Liang

Inventory nearly doubled sequentially to $10.6B as SMCI built ahead for Q3 growth, indicating expectations of sustained high demand. — The inventory build signals supply chain readiness and confidence in near-term orders, but also carries risk if demand weakens.

"we are also preparing for the upcoming NVIDIA, VERA Rubin, and AMD Helios solutions for the second half this year"

NVDA WATCH AMD WATCH

Charles Liang

SMCI is expanding its DCBBS product line to include power generators and transformers, potentially affecting power equipment suppliers. — SMCI's move into power equipment could pressure traditional power infrastructure suppliers like Vertiv.

"We are expanding this product line to include more new categories, such as transformer, next-generation power generators, device for energy backup"

VRT WATCH

Charles Liang

Management guided strongly for Q3 and raised full-year guidance to at least $40B, supported by continued AI infrastructure demand and an improving DCBBS contribution.

"I'm confident to guide at least $12.3 billion for Q3 and up our full-year revenue guidance back to at least $40 billion."

SMCI WATCH

HIGH

22:00
Nov 04 ◎

SMCI FY2026 Q1 Watch

Super Micro Computer, Inc. (SMCI) FY2026 Q1 Earnings Call

XAI.PVT SMCI AVGO AMD ANET ▾

Charles Liang

Confirmed ongoing strategic partnership with xAI, indicating long-term customer relationship beyond the initial Colossus deployment.

"XAI, for sure, are very good partners. And whenever we have a chance, we try to work with them to learn something from them and to offer our best service. So, yes, XAI will continue to be our important partner for long term."

XAI.PVT WATCH

Charles Liang

Management is confident in a strong revenue ramp, raising full-year guidance and noting that the $36 billion target is 'very conservative' given expanded capacity and strong order book.

"We expect to ship at least 10.5 billion in the December quarter, depending on the supply and production capability readiness. We anticipate a screenshot growth through fiscal 2026, giving us confidence in achieving at least $36 billion in"

SMCI WATCH

Charles Liang

SMCI received over $13 billion in new orders, largely for GB300-based racks, including its largest deal ever, indicating a significant demand spike for next-gen AI platforms from 'high-profile' customers. — The scale of these orders validates that the AI infrastructure buildout is in an early, accelerating phase and points to significant complexity and cost in the supply chain.

"Our NVIDIA BlackWare Hotspot-based GB300 product line now at more than $13 billion in back orders, including the largest deal in our 32-year history."

AVGO WATCH AMD WATCH

David Wiegand

SMCI's guidance implies ~6.5% gross margin for the December quarter, down from 9.5%, with management explicitly citing a 'strategic large design win' with 'higher costs and lower margin' as a major factor, likely referring to a hyperscaler or neocloud customer. — This indicates SMCI is taking a low-margin, high-volume strategic deal to secure market share, which signals intense price competition and immense pricing power among the leading AI chip customers.

"...we are ramping a new product line at mega scale, and so, therefore, We're being a little conservative on the margin because we will have higher costs as we ramp production and shipment."

ANET WATCH DELL WATCH

Charles Liang

"NVIDIA is getting available. we are receiving more and more allocation from them and preparing for a huge volume to ramp up, start from this quarter."

NVDA WATCH

HIGH

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