SMCI Q3 2026 Earnings — Income Statement Breakdown
For its Q3 2026 period (ending 2026-03-31), SMCI reported revenue of $10.2B, gross profit of $1.0B (9.9% gross margin), operating income of $626M, and net income of $483M (4.7% net margin). The flow of revenue into costs and profit is visualized below.
What changed
SMCI was profitable; revenue grew 122.7% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +122.7% | +344.4% | +2.4 pp |
| Quarter over quarter | −19.2% | +20.7% | +1.6 pp |
Consensus estimate data is not available for this report.
SMCI Q3 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $10.2B | 100% |
| Cost of Revenue | −$9.2B | 90.1% |
| Gross Profit | $1.0B | 9.9% |
| Research & Development | −$216M | 2.1% |
| Selling, General & Administrative | −$177M | 1.7% |
| Operating Income | $626M | 6.1% |
| Interest Expense | −$64M | 0.6% |
| Other Income, net | $49M | 0.5% |
| Income Tax Expense | −$127M | 1.2% |
| Net Income | $483M | 4.7% |
Source: original SEC filing (filed 2026-05-05). Accession 0001375365-26-000013. Data normalized by EarningsFyi.