UltraMicro Computer today released its report for the first fiscal quarter (July 1, 2026, to September 30, 2026) of the fiscal year 2027 (July 1, 2026, to June 30, 2027):
- Total operating revenue: $19.946 billion (Note from IT: The current exchange rate is approximately 132.948 billion RMB), a year-on-year increase of 297.5% and a month-on-month increase of about 79.7%.
- Gross profit: $2.541 billion (approximately 16.937 billion yuan at current exchange rates), a year-on-year increase of 443.69% and a month-on-month increase of about 30.8%.
- Gross profit margin: 12.7%, up 3.4 percentage points year-on-year, but down 4.8 percentage points month-on-month.
- Net profit attributable to the parent company: $1.594 billion (approximately 10.625 billion yuan at current exchange rates), a year-on-year increase of 847.32%, and a month-on-month increase of about 35.3%
- Operating cash flow: From a net inflow of $747 million (approximately RMB 4.979 billion at current exchange rates) in the fourth fiscal quarter of 2026 (from April 1, 2026, to June 30, 2026), it turned into a net outflow of $434 million (approximately RMB 2.893 billion at current exchange rates).
- Free cash flow: -476 million US dollars (equivalent to approximately -3.173 billion RMB at current exchange rates)
- Basic earnings per share: $1.92 (current exchange rate is approximately 12.8 RMB)
- Diluted earnings per share: $1.75 (current exchange rate is approximately 11.7 RMB)
- Asset-liability ratio: 55.37%, a month-on-month increase of about 3.4 percentage points
The " AI Interpretation" section of the text states that the performance for the first quarter of fiscal year 2027 significantly exceeded the consensus expectations of Wall Street analysts, with both revenue and profitability far surpassing previous market forecasts.
Ultra-microcomputers ( Super Micro Computer ) are globally leading providers of application-optimized integrated IT solutions, focusing on AI, enterprise-level, storage, and 5G/edge data center infrastructure. Their core products include Data Center Building Block Solutions ® rack-mounted servers, liquid cooling solutions, and supporting software and hardware.
Revenue has seen explosive growth, with net sales reaching $19.9 billion (approximately 132.641 billion yuan at current exchange rates), a significant year-on-year increase, and also a notable quarter-on-quarter increase compared to the previous fiscal quarter, setting a new record for the company's single-quarter revenue.
Profitability has significantly improved compared to the same period last year. The gross profit margin of GAAP is 12.7%, an increase of 3.4 percentage points year-on-year; the gross profit margin of Non-GAAP is 12.8%, an increase of 3.3 percentage points year-on-year.
Net profit has expanded significantly year-on-year, with GAAP's net profit reaching $1.594 billion (approximately 10.625 billion RMB at current exchange rates); basic earnings per share were $1.92 (about 12.8 RMB at current exchange rates), and diluted earnings per share were $1.75 (about 11.7 RMB at current exchange rates). Non-GAAP's diluted earnings per share were $1.81 (about 12.1 RMB at current exchange rates).
Cash flow from operating activities was still a net outflow, with $434 million (approximately 2.893 billion yuan at current exchange rates) flowing out during the quarter, which represents a significant narrowing of the net outflow compared to the same period last year; when capital expenditures are taken into account, the free cash flow outflow amounted to $476 million (approximately 3.173 billion yuan at current exchange rates).
As of the end of the quarter, the company held cash and cash equivalents amounting to $6.9 billion (approximately RMB 45.991 billion at current exchange rates), while the total scale of bank debt and convertible bonds was $8.6 billion (approximately RMB 57.322 billion at current exchange rates), resulting in a debt-to-asset ratio of 55.37%.
In terms of future performance outlook, the company has provided clear guidance for the second quarter of fiscal year 2027, anticipating net sales to range from $19.5 billion to $21.5 billion (at current exchange rates, approximately 129.975 billion yuan to 143.306 billion yuan), GAAP diluted earnings per share to range from $1.59 to $1.83 (at current exchange rates, approximately 10.6 yuan to 12.2 yuan), and Non-GAAP diluted earnings per share to range from $1.66 to $1.9 (at current exchange rates, approximately 11.1 yuan to 12.7 yuan).
For the entire year of 2027, the company has set a revenue guidance range of $72 billion to $82 billion (at current exchange rates, approximately 479.908 billion yuan to 546.562 billion yuan).
Related Reading:
- Apple's net profit attributable to the parent company for fiscal year 2026 was $132.175 billion, a year-on-year increase of 18%. iPhone, Mac, service business revenue, and net sales in Greater China all saw growth.
- UltraMicro Computer expects revenue of $18.5 billion to $19.5 billion in the first fiscal quarter of 2027, exceeding previous forecasts.
