Super Micro Computer outlined a fiscal 2026 revenue growth of 78% year‑over‑year at Citi's 2026 Global TMT Conference. The company guided first‑quarter revenue to a midpoint of $15 billion and full‑year revenue to a range of $65 billion‑$72 billion, up from $14.9 billion two years earlier.
Management reported a $60 billion order book and a fourth‑quarter gross margin of 17%, with the trailing twelve‑month gross profit margin around 11%. Inventory stood at $12.9 billion, equivalent to roughly 119 days of supply. More than nine customers now generate at least $1 billion each in revenue.
The firm emphasized its Data Center Building Block System, delivering pre‑validated AI factories that integrate networking, storage, power and cooling. The platform supports Nvidia, AMD, Intel and Arm architectures and expands liquid‑cooling and immersion‑cooling capabilities. Payment terms are shifting toward upfront or 50‑50 structures, improving cash conversion.
Super Micro cited an AI infrastructure total addressable market of $2‑$4 trillion, noting that a 10% share could translate to $200 billion in annual revenue. A cost example highlighted that eight racks of NVL72 systems idle for 30 days could cost a customer about $3 million.
The company also addressed compliance, stating a board investigation cleared it of prior issues and that legal, export‑control staffing and governance have been strengthened.
