SM
SMCI
SMCI What Super Micro Computer promised, and what happened
Guidance
What management said, and what became of it
18 of 32 judged targets kept · 9 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Large-scale ($1B+ revenue) customer count | a few more than the FY25 count of 4 | Jun 2025 | Our customer base is diversifying, and we had 9 customers in fiscal year '26 with revenues greater than $1 billion each versus 4 such customers in fiscal year '25. | Achieved |
| DCBBS contribution to profit | at least double-digit contribution to profit by end of calendar 2026 | Dec 2025 | 20% should be not far away. | On Track |
| Q3 FY26 non-GAAP tax rate | 20.2% | Dec 2025 | resulting in a GAAP tax rate of 20.8% and a non-GAAP tax rate of 21.1% | Missed |
The full ledger
Open Super Micro Computer’s full ledger
A free account opens 5 company ledgers a month. All 41 tracked commitments, with each call’s wording and source.
The rest of the ledger
Pro opens all 41 tracked commitments for Super Micro Computer
Above is what the last two calls moved. Pro adds every quarter's revision, the source quote behind each one, and the topics management has stopped answering.