Slides
Page 1
November 4, 2025 FQ1 2026 Results
Page 2
2 Disclosures Cautionary Statement Regarding Forward Looking Statements Statements contained in this press release that are not historical fact may be forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward - looking statements can be identified by the use of forward - looking terminology such as “anticipate,” “believe,” “continue,” “could,” “es timate,” “expect,” “may,” "plan,” “seek,” “should,” “will,” “would” “optimistic” or similar expressions and the negatives of tho se terms. Such forward looking statements may include statements regarding, among other things, guidance for the second quarter of fisc al year 2026 and updated full year fiscal 2026 guidance, expectations that additional customer commitments will be secured in the upcoming quarters of fiscal year 2026, meeting the Company's long - term targets and capitalizing on the growing market opp ortunity in the long - term, and our progressing leadership in DCBBS, DLC and AI technology. Such forward looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties that co uld cause our actual results to differ materially from those anticipated, including: ( i ) our quarterly operating results may fluctuate, (ii) as we increasingly target larger customers and larger sales opportunities, our customer base may become more concentrate d, our cost of sales may increase, our margins may be lower and our sales may become less predictable for a variety of reasons, many of which are not in our control , (iii) the average sales prices for our server solutions could decline if customers do not continue to purchase our latest g ene ration products or additional components, and (v) adverse economic conditions could affect our business, including, but not limited to, increased tariffs. Certain prior period amounts have been reclassified to confor m t o the current period presentation. Such reclassifications did not result in changes to condensed consolidated balance sheets, statements of operations or statements of cash flows. Additional factors that could cause actual results to differ materially fr om those projected or suggested in any forward looking statements are detailed in our filings with the Securities and Exchang e Commission, including those factors discussed under the caption "Risk Factors" in such filings, particularly in our Annual Re por t on Form 10 - K for our fiscal year ended June 30, 2025. Use of Non - GAAP Financial Measures To supplement its condensed consolidated financial results presented in accordance with United States Generally Accepted Acco unt ing Principles (“GAAP”), the Company uses non - GAAP measures that are adjusted for certain items from the most directly comparable GAAP measures. The specific non - GAAP measures presented below are: gross profit, gross margin; operating expenses; ne t income; net income per common share; diluted net income; diluted net income per common share, adjusted earnings before interest, taxes, depreciation, and amortization, ("Adjusted EBITDA"); and effective tax rate. Management believes thes e n on - GAAP measures provide useful information to investors by offering a consistent basis for comparing the Company's performance across periods, excluding items that are not reflective of our core operating results. These non - GAAP measures are n ot prepared in accordance with GAAP or intended to be a replacement for GAAP financial data; and therefore, should be reviewed together with the GAAP measures and are not intended to serve as a substitute for results under GAAP, and may be dif fer ent from non - GAAP measures used by other companies. We exclude the following adjustments from our non - GAAP financial measures: Non - GAAP Adjustments • Stock - based compensation: Stock - based compensation relates primarily to our equity incentive awards. Stock - based compensation is a non - cash expense that is dependent on market forces that are difficult to predict. We believe that this adjustment for stock - based compensation provides investors with a basis to measure the company's core performance, includin g compared with the performance of other companies, without the period - to - period variability created by stock - based compensation. • Adjusted EBITDA adjustments: When calculating Adjusted EBITDA, in addition to the adjustments described above, we exclude the im pact of Interest expense, Income tax (provision) benefit, and Depreciation and amortization during the period. Pursuant to the requirements of SEC Regulation G, please see the tables in the appendix for the reconciliations of GAAP to No n - G AAP measures. These should be read together with the financial statements prepared in accordance with GAAP.
Page 3
CEO Takeaways • Accelerating customer engagements, new wins, and order sizes resulting in outstanding order book growth both domestically and internationally • Delivering high volume NVIDIA GB300 NVL72, HGX B300 and RTX6000Pro worldwide • Market Leading TTM, among the first to ship next gen AI products including AMD MI355 • Innovating and expanding DCBBS product offering that includes DLC, L2A, chilled doors, power shelves, BBU, switches, software with more subsystems in later phases • Record turnout at Supermicro Open Storage Summit 2025, showcasing AI storage for distributed inferencing, enterprise AI using Agentic, RAG, and GenAI workloads • Scaling and expanding manufacturing, increasing headcount in marketing, business development, and sales personnel 3 Next Generation Product Leadership Charles Liang President, CEO & Founder | Supermicro
Page 4
Annual Revenue (Trailing 12 Months) Supermicro Momentum 4 Market Channel Distributors/VARs Complete Systems Total IT Solutions 1.0 2.0 3.0 Subsystems: Motherboards, Chassis, Server, Building Blocks Server Systems: AI/ML Solutions, Digital Twin, SuperBlade ® , Storage, 5G/Edge/IoT Total Solutions: Rack Scale Solution/Cloud, Management Software, Global Services 4 .0 End - to - End Data Center Building Block Solutions (DCBBS) Data Center Building Block Solutions: Comprehensive suite of integrated solutions SMCI 1.0 Components & Subsystems SMCI 2.0 Servers & Storage Systems SMCI 3.0 Total Rack Scale Solutions SMCI 4.0 Data Center Building Block Solutions 1995 2000 2005 2010 2015 2020 2025
Page 5
Rack-Scale PnP FY26 5 Optimized Air & DLC Rack - Scale Solutions Powering the most advanced AI training/ i nference clusters in the world - xAI , Coreweave, and more 6,000 Racks/capacity per month by year end FY26 3,000 DLC racks/capacity per month by year end FY26 150kW Racks shipping in volume (250/ 500kW soon) 52MW facilities worldwide
Page 6
Featuring up to 36 LFF drives, front/rear drive access for enterprise storage building block. One-Stop Shop for T otal IT/AI Needs 6 Dry Tower Cooling Tower Storage Switches In - Row DLC In - Rack DLC Chilled Door Power Shelf Battery Back Up DCBBS provides required components to fully outfit liquid cooled AI factories and data centers Rack - Level Cluster - Level System - Level DCBBS - Level
Page 7
Expanding Global Manufacturing Footprint 7 Production Scale and Cost Optimization Economy of Scale and Cost Silicon Valley Green Computing Park • Rack - Scale Integration (Liquid Cooling) • Datacenter BBS and Cloud Services APAC Science and Tech Center • New land under negotiation Supermicro Malaysia Campus • Subsystem and Rack - Scale Production online Manufacturing Expansion Progress • New Silicon Valley facility in progress - San Jose Campus 3 • New Americas site in plan – Texas/Mexico • New BV production facility in progress
Page 8
Q1 FY2026 Highlights 8 Q1FY26 QoQ YoY Revenue $5,018M (13%) (15%) Gross Margin (Non - GAAP) 9.5% (10)bps (360)bps Earnings Per Share (Non - GAAP) $0.35 ($0.06) ($0.38) Cash Flow from Operations ($918M) ($1,781M) ($1,326M)
Page 9
Revenue & EPS Outlook 9 Q2 FY26 Outlook Revenue $ 10 . 0 - 11 . 0 B GAAP diluted net EPS $ 0 . 37 - 0 . 45 Non - GAAP diluted net EPS $ 0 . 46 - 0 . 54 Full Year FY26 Outlook Revenue At least $ 36 B *The outlook for Q2 of fiscal year 2026 GAAP diluted net income per common share includes approximately $64 million in expect ed stock - based compensation expense, net of the related tax effects of $18 million, which are excluded from non - GAAP diluted net income per common share.
Page 10
Appendix 10
Page 11
11 GAAP to Non-GAAP Reconciliation (1 of 4)
Page 12
12 GAAP to Non-GAAP Reconciliation (2 of 4)
Page 13
13 GAAP to Non-GAAP Reconciliation (3 of 4)
Page 14
14 GAAP to Non-GAAP Reconciliation (4 of 4)
Page 15
Visit: supermicro.com 15