SMCI Q2 2026 Earnings — Income Statement Breakdown
For its Q2 2026 period (ending 2025-12-31), SMCI reported revenue of $12.7B, gross profit of $799M (6.3% gross margin), operating income of $474M, and net income of $401M (3.2% net margin). The flow of revenue into costs and profit is visualized below.
What changed
SMCI was profitable; revenue grew 152.8% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +152.8% | +138.0% | −0.2 pp |
Consensus estimate data is not available for this report.
SMCI Q2 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $12.7B | 100% |
| Cost of Revenue | −$11.9B | 93.7% |
| Gross Profit | $799M | 6.3% |
| Research & Development | −$181M | 1.4% |
| Selling, General & Administrative | −$144M | 1.1% |
| Operating Income | $474M | 3.7% |
| Interest Expense | −$25M | 0.2% |
| Other Income, net | $51M | 0.4% |
| Income Tax Expense | −$99M | 0.8% |
| Net Income | $401M | 3.2% |
Source: original SEC filing (filed 2026-02-03). Accession 0001375365-26-000006. Data normalized by EarningsFyi.