In recent years, Supermicro’s regulatory filings often have delivered dramas such as losing its listing on the NASDAQ stock exchange, an admission its books may not be accurate, another possible delisting, and missing the AI boom.
On Tuesday, the company delivered something pleasingly different: a no-dramas update in which it reported that AI infrastructure builders are queuing up to buy its products with pens poised over chequebooks, and revenue is therefore growing fast.
In its report on Q2 2026 revenue, Supermicro revealed $12.7 billion revenue, $7 billion up from Q2 2025 and $7.7 billion higher than Q1’s haul.
GPU-based systems used for AI applications delivered 84 percent of Q2 revenue, up up 151 percent year-over-year, and accounted for 90 percent of revenue.
A single un-named customer delivered 63 percent of revenue, but founder, CEO and president Charles Liang said Supermicro has won comparable clients and isn’t worried it’s too reliant on a single buyer. “We are very happy that now we have many more large-scale customers,” he said.
Gross margins fell to 6.3 percent, an outcome Liang attributed in part to the need to pay top dollar to transport new Nvidia Blackwell parts to Supermicro’s factories. Liang said those costs will ease, and that tariffs have also become less of a concern.
The CEO thinks better days lie ahead, because builders of AI infrastructure are in a hurry to bring their systems online and Supermicro’s Data Center Building Block Solutions (DCBBS) offering – a modular system that sees the company deliver racked-and-ready-to-run compute, storage, networking, power, and cooling systems – is designed for fast implementation. Liang said DCBBS accounted for just four percent of Q2 revenue, but said it is the company’s big growth prospect, and Supermicro is therefore developing new modules including transformers, next-generation power generators, an energy backup device, and grid power replacement.
Supermicro has four new factories ramping up, and Liang said they’ll help to meet demand for DCBBS and to reduce costs.
The CEO forecast Q3 revenue of $12.3 billion, and full year revenue of “at least $40 billion.” That figure suggests Q4 revenue could be just $10 billion, a dip he didn’t explain but which didn’t spook investors who sent Supermicro’s share price up 6.5 percent in after-hours trading. ®
