Super Micro Computer Inc. reported unaudited financial results for its first quarter of fiscal year 2026 ended September 30, 2025. Net sales were $5.0 billion, compared to $5.8 billion in the previous quarter and $5.9 billion in the same quarter last year. Gross margin was 9.3%, down from 9.5% in the prior quarter and 13.1% a year earlier. Net income was $168 million, compared to $195 million in the previous quarter and $424 million a year ago. Diluted net income per common share was $0.26, with non-GAAP diluted net income per common share at $0.35. Cash flow used by operations was $918 million, and capital expenditures totaled $32 million. As of September 30, 2025, total cash and cash equivalents stood at $4.2 billion, while total bank debt and convertible notes were $4.8 billion. The company expects net sales of at least $36.0 billion for fiscal year 2026 and has a business outlook for second quarter net sales in the range of $10.0 billion to $11.0 billion. Supermicro reported a rapidly expanding order book, including more than $13 billion in Blackwell Ultra orders, and stated it is transforming into a leading AI and datacenter infrastructure company.