Super Micro Computer, Inc. (NASDAQ: SMCI) (“Supermicro” or the “Company”), an AI, Enterprise, Storage, and 5G/Edge IT Total Solution Provider, featuring Data Center Building Block Solutions® (DCBBS), today announced unaudited financial results for its first quarter ended September 30, 2026.
First Quarter Fiscal Year 2027 Highlights
- Net sales of $19.9 billion versus $11.1 billion in Q4’26 and $5.0 billion in Q1’26.
- Gross margin of 12.7% versus 17.5% in Q4’26 and 9.3% in Q1’26.
- Net income of $1,594 million versus $1,178 million in Q4’26 and $168 million in Q1’26.
- Diluted net income per common share of $1.75 versus $1.62 in Q4’26 and $0.26 in Q1’26.
- Non-GAAP gross margin of 12.8% versus 9.5% in Q1’26.
- Non-GAAP diluted net income per common share of $1.81 versus $0.35 in Q1’26.
- Cash flow used in operations for Q1’27 of $434 million and capital expenditures and investments of $47 million.
“Supermicro’s transformation into a Total AI and IT Datacenter Solution provider continues to accelerate, delivering record revenue of $19.9 billion for the first quarter fiscal 2027,” said Charles Liang, Founder, President, and CEO of Supermicro. “DCBBS is driving significant value for our customers—from gigawatt-scale datacenters down to single-container PODs—which, including our expanding software, proactive service, and networking solutions, is enhancing profitability and long-term shareholder value. Through key enterprise partnerships and expanding global production capacity, we are making AI infrastructure faster to deploy, superior up-time and more cost-effective for our customer base.”
The Non-GAAP gross margin for the first quarter of fiscal year 2027 was 12.8% with adjustments for stock-based compensation expense of $8 million. The Non-GAAP diluted net income per common share for the first quarter of fiscal year 2027 was $1.81.
As of September 30, 2026, total cash and cash equivalents was $6.9 billion and total bank debt and convertible notes were $8.6 billion.
Business Outlook
The Company expects net sales in the range of $19.5 billion and $21.5 billion for the second quarter of fiscal year 2027 ending December 31, 2026, GAAP net income per diluted share of $1.59 to $1.83 and non-GAAP net income per diluted share of $1.66 to $1.90. The Company’s projections for GAAP and non-GAAP net income per diluted share assume a tax rate of approximately 21.2% and 21.1%, respectively, and a fully diluted share count of 753 million shares for GAAP and fully diluted share count of 769 million shares for non-GAAP. The outlook for the second quarter of fiscal year 2027 GAAP net income per diluted share includes approximately $89 million in expected stock-based compensation expense, net of related tax effects of $22 million that are excluded from non-GAAP net income per diluted share.
For fiscal year 2027, the Company expects net sales in the range of $72.0 billion to $82.0 billion.
Conference Call and Webcast Information
Supermicro will present a live audio webcast of our conference call to review its first quarter 2027 financial results on Tuesday, November 3, 2026, at 5:00 p.m. ET / 2:00 p.m. PT. The webcast will be available at https://ir.supermicro.com.
A replay of the webcast will be available shortly after the call at the same website and will remain accessible for one year.
Forward Looking Statements and Other Disclosures
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,” “estimate,” “expect,” “may,” “plan,” “seek,” “should,” “will,” “would” “optimistic” or similar expressions and the negatives of those terms. Such forward looking statements may include statements regarding, among other things, guidance for the second quarter of fiscal year 2027. Such forward looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties that could 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 concentrated, 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 generation products or additional components, and (iv) adverse economic conditions could affect our business, including, but not limited to, increased tariffs. Certain prior period amounts have been reclassified to conform to the current period presentation. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are detailed in our filings with the Securities and Exchange Commission, including those factors discussed under the caption “Risk Factors” in such filings, particularly in our Annual Report on Form 10-K for our fiscal year ended June 30, 2026.
Financial Information Is Preliminary and May Be Subject to Change
The unaudited financial information presented in this press release is preliminary. The final financial results reported for this period may also differ from the results reported in this release.
The financial results presented reflect the Company’s preliminary estimated unaudited financial results, based upon information available to the Company as of the date of this press release. The Company has provided preliminary estimates of financial results primarily because its financial closing procedures for the quarter ended September 30, 2026 are not yet complete. The data are not a comprehensive statement of the Company’s results for such periods, and the actual results may differ materially from these preliminary estimated data. The Company’s actual results remain subject to the completion of management’s and its audit committee’s review and other financial closing processes as well as the completion and preparation of its financial data for such periods. The Company’s independent registered public accounting firm has not audited, reviewed, compiled or performed any procedures with respect to such preliminary data. During the course of the preparation of the Company’s financial statements and related notes and the completion of the review for such periods, additional adjustments to the preliminary estimated financial information presented here may be identified, and its final results for these periods may vary from these preliminary estimates. This preliminary estimated data should not be considered a substitute for the financial statements to be prepared in accordance with accounting principles generally accepted in the United States and to be filed with the Securities and Exchange Commission once available.
About Super Micro Computer, Inc.
Supermicro (NASDAQ: SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering first-to-market innovation for Enterprise, Cloud, AI, and 5G/Edge IT Infrastructure. We are a Total IT Solutions provider with server, AI, storage, IoT, switch systems, software, and support services. Supermicro’s motherboard, power, and chassis design expertise further enables our development and production, enabling next-generation innovation from cloud to edge for our global customers. Our products are designed and manufactured in-house (in the US, Taiwan, Malaysia, and the Netherlands), leveraging global operations for scale and efficiency and optimized to improve TCO and reduce environmental impact (Green Computing). The award-winning portfolio of Server Building Block Solutions® allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from our flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions (air-conditioned, free air cooling, or liquid cooling).
Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.
All other brands, names, and trademarks are the property of their respective owners.
|
SUPER MICRO COMPUTER, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (unaudited) |
|||||
|
|
September 30, |
|
June 30, |
||
|
|
2026 |
|
2026 |
||
|
ASSETS |
|
|
|
||
|
Current assets: |
|
|
|
||
|
Cash and cash equivalents |
$ |
6,897,497 |
|
$ |
7,521,474 |
|
Accounts receivable, net of allowance for credit losses |
|
9,685,158 |
|
|
6,125,414 |
|
Inventories |
|
15,053,640 |
|
|
12,895,949 |
|
Prepaid expenses and other current assets |
|
1,778,608 |
|
|
1,183,415 |
|
Total current assets |
|
33,414,903 |
|
|
27,726,252 |
|
Property, plant, and equipment, net |
|
660,657 |
|
|
625,553 |
|
Deferred income taxes, net |
|
704,476 |
|
|
697,441 |
|
Other assets |
|
947,091 |
|
|
896,221 |
|
Total assets |
$ |
35,727,127 |
|
$ |
29,945,467 |
|
LIABILITIES AND STOCKHOLDERS’ EQUITY |
|
|
|
||
|
Current liabilities: |
|
|
|
||
|
Accounts payable |
$ |
2,727,379 |
|
$ |
2,247,003 |
|
Accrued liabilities |
|
1,545,485 |
|
|
1,032,716 |
|
Income taxes payable |
|
485,697 |
|
|
262,608 |
|
Lines of credit and term loans, current |
|
1,962,690 |
|
|
2,039,774 |
|
Deferred revenue |
|
4,329,345 |
|
|
1,578,005 |
|
Total current liabilities |
|
11,050,596 |
|
|
7,160,106 |
|
Deferred revenue, non-current |
|
1,336,365 |
|
|
1,034,027 |
|
Lines of credit and term loans, non-current |
|
2,014,381 |
|
|
2,016,374 |
|
Convertible notes |
|
4,668,946 |
|
|
4,664,139 |
|
Other long-term liabilities |
|
588,045 |
|
|
591,205 |
|
Total liabilities |
|
19,658,333 |
|
|
15,465,851 |
|
Stockholders’ equity: |
|
|
|
||
|
Preferred stock and additional paid-in capital |
|
4,226,258 |
|
|
4,226,258 |
|
Common stock and additional paid-in capital |
|
4,671,664 |
|
|
4,600,893 |
|
Accumulated other comprehensive income |
|
397 |
|
|
397 |
|
Retained earnings |
|
7,170,313 |
|
|
5,651,904 |
|
Total Super Micro Computer, Inc. stockholders’ equity |
|
16,068,632 |
|
|
14,479,452 |
|
Non-controlling interest |
|
162 |
|
|
164 |
|
Total stockholders’ equity |
|
16,068,794 |
|
|
14,479,616 |
|
Total liabilities and stockholders’ equity |
$ |
35,727,127 |
|
$ |
29,945,467 |
|
SUPER MICRO COMPUTER, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (unaudited) |
|||||||
|
|
Three Months Ended September 30, |
||||||
|
|
|
2026 |
|
|
|
2025 |
|
|
Net sales |
$ |
19,945,832 |
|
|
$ |
5,017,790 |
|
|
Cost of sales |
|
17,404,789 |
|
|
|
4,550,417 |
|
|
Gross profit |
|
2,541,043 |
|
|
|
467,373 |
|
|
Operating expenses: |
|
|
|
||||
|
Research and development |
|
227,279 |
|
|
|
173,314 |
|
|
Sales and marketing |
|
132,527 |
|
|
|
47,928 |
|
|
General and administrative |
|
116,744 |
|
|
|
63,875 |
|
|
Total operating expenses |
|
476,550 |
|
|
|
285,117 |
|
|
Income from operations |
|
2,064,493 |
|
|
|
182,256 |
|
|
Other expense, net |
|
(5,467 |
) |
|
|
(129 |
) |
|
Interest income |
|
54,188 |
|
|
|
51,356 |
|
|
Interest expense |
|
(82,539 |
) |
|
|
(24,931 |
) |
|
Income before income tax provision |
|
2,030,675 |
|
|
|
208,552 |
|
|
Income tax provision |
|
(435,491 |
) |
|
|
(40,161 |
) |
|
Share of loss from equity investee, net of taxes |
|
(979 |
) |
|
|
(106 |
) |
|
Net income |
$ |
1,594,205 |
|
|
$ |
168,285 |
|
|
|
|
|
|
||||
|
Net income per common share: |
|
|
|
||||
|
Basic |
$ |
1.92 |
|
|
$ |
0.28 |
|
|
Diluted |
$ |
1.75 |
|
|
$ |
0.26 |
|
|
Weighted-average shares used in the calculation of net income per common share: |
|
|
|
||||
|
Basic |
|
658,128 |
|
|
|
595,624 |
|
|
Diluted |
|
749,351 |
|
|
|
663,235 |
|
Stock-based compensation is included in the following cost and expense categories by period (in thousands):
|
|
Three Months Ended September 30, |
||||
|
|
2026 |
2025 |
|||
|
Cost of sales |
$ |
8,096 |
$ |
7,075 |
|
|
Research and development |
|
67,227 |
|
57,433 |
|
|
Sales and marketing |
|
9,448 |
|
11,100 |
|
|
General and administrative |
|
15,452 |
|
13,531 |
|
|
Stock-based compensation expense, before taxes |
$ |
100,223 |
$ |
89,139 |
|
|
SUPER MICRO COMPUTER, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) |
|||||||
|
|
Three Months Ended September 30, |
||||||
|
|
|
2026 |
|
|
|
2025 |
|
|
OPERATING ACTIVITIES: |
|
|
|
||||
|
Net income |
$ |
1,594,205 |
|
|
$ |
168,285 |
|
|
Reconciliation of net income to net cash used in operating activities: |
|
|
|
||||
|
Depreciation and amortization |
|
15,040 |
|
|
|
12,341 |
|
|
Amortization of right-of-use (“ROU”) assets |
|
13,791 |
|
|
|
8,266 |
|
|
Amortization of debt discount and issuance costs |
|
8,789 |
|
|
|
4,743 |
|
|
Inventory valuation adjustment write-down |
|
14,241 |
|
|
|
36,199 |
|
|
Stock-based compensation expense |
|
100,223 |
|
|
|
89,139 |
|
|
Impairment loss |
|
— |
|
|
|
12,000 |
|
|
Share of loss from equity investee |
|
979 |
|
|
|
106 |
|
|
Unrealized foreign currency exchange loss (gain) |
|
2,121 |
|
|
|
(1,017 |
) |
|
Deferred income taxes, net |
|
(6,881 |
) |
|
|
(12,201 |
) |
|
Other non-cash expense (income), net |
|
5,533 |
|
|
|
(7,539 |
) |
|
Changes in operating assets and liabilities: |
|
|
|
||||
|
Accounts receivable, net |
|
(3,559,839 |
) |
|
|
(321,244 |
) |
|
Inventories |
|
(2,477,392 |
) |
|
|
(1,087,010 |
) |
|
Prepaid expenses and other assets |
|
(349,754 |
) |
|
|
134,087 |
|
|
Accounts payable |
|
473,879 |
|
|
|
901 |
|
|
Accrued liabilities |
|
445,557 |
|
|
|
(259,350 |
) |
|
Income taxes payable |
|
222,971 |
|
|
|
4,978 |
|
|
Deferred revenue |
|
3,053,678 |
|
|
|
296,622 |
|
|
Other long-term liabilities |
|
8,838 |
|
|
|
3,171 |
|
|
Net cash used in operating activities |
|
(434,021 |
) |
|
|
(917,523 |
) |
|
INVESTING ACTIVITIES: |
|
|
|
||||
|
Purchases of property, plant, and equipment |
|
(41,588 |
) |
|
|
(32,270 |
) |
|
Investment in equity securities |
|
(5,000 |
) |
|
|
— |
|
|
Net cash used in investing activities |
|
(46,588 |
) |
|
|
(32,270 |
) |
|
FINANCING ACTIVITIES: |
|
|
|
||||
|
Proceeds from lines of credit and term loans |
|
162,236 |
|
|
|
28,588 |
|
|
Repayment of lines of credit and term loans |
|
(244,168 |
) |
|
|
(11,540 |
) |
|
Proceeds from exercise of stock options |
|
3,109 |
|
|
|
7,922 |
|
|
Payment for withholding taxes related to settlement of equity awards |
|
(32,561 |
) |
|
|
(43,642 |
) |
|
Proceeds related to Receivables Purchase Agreement, net |
|
43,376 |
|
|
|
— |
|
|
Payments of equity issuance costs |
|
(3,546 |
) |
|
|
— |
|
|
Dividends declared and paid on preferred stock |
|
(63,729 |
) |
|
|
— |
|
|
Other |
|
(9 |
) |
|
|
7 |
|
|
Net cash used in financing activities |
|
(135,292 |
) |
|
|
(18,665 |
) |
|
Effect of exchange rate fluctuations on cash |
|
(15 |
) |
|
|
(4,588 |
) |
|
Net decrease in cash, cash equivalents, and restricted cash |
|
(615,916 |
) |
|
|
(973,046 |
) |
|
Cash, cash equivalents, and restricted cash at the beginning of period |
|
7,631,536 |
|
|
|
5,172,301 |
|
|
Cash, cash equivalents, and restricted cash at the end of period |
$ |
7,015,620 |
|
|
$ |
4,199,255 |
|
|
|
|
|
|
||||
|
Supplemental disclosure of cash flow information: |
|
|
|
||||
|
Cash paid for interest |
$ |
110,394 |
|
|
$ |
39,244 |
|
|
Cash paid for income taxes, net of refunds |
$ |
208,392 |
|
|
$ |
38,502 |
|
|
|
|
|
|
||||
|
Non-cash investing and financing activities: |
|
|
|
||||
|
Unpaid property, plant, and equipment purchases |
$ |
29,636 |
|
|
$ |
11,127 |
|
|
ROU assets obtained in exchange for operating lease commitments |
$ |
1,977 |
|
|
$ |
90,542 |
|
|
Series A Mandatory Convertible Preferred Stock accrued dividends |
$ |
25,155 |
|
|
$ |
— |
|
|
Transfer of inventory to property, plant, and equipment, net |
$ |
— |
|
|
$ |
1,184 |
|
SUPER MICRO COMPUTER, INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(in thousands, except per share amounts)
(unaudited)
Use of Non-GAAP Financial Measures
To supplement its consolidated financial results presented in accordance with United States Generally Accepted Accounting 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; net 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 these non-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 not 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 different 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, including 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 impact 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 below for the reconciliations of GAAP to Non-GAAP measures. These should be read together with the preceding financial statements prepared in accordance with GAAP.
Reconciliation of GAAP Net Income to Adjusted EBITDA:
|
|
Three Months Ended |
||||||
|
|
September 30, 2026 |
|
September 30, 2025 |
||||
|
GAAP net income |
$ |
1,594,205 |
|
|
$ |
168,285 |
|
|
Interest expense |
|
82,539 |
|
|
|
24,931 |
|
|
Income tax provision |
|
435,491 |
|
|
|
40,161 |
|
|
Depreciation and amortization |
|
15,040 |
|
|
|
12,341 |
|
|
Stock-based compensation |
|
100,223 |
|
|
|
89,139 |
|
|
Adjusted EBITDA |
$ |
2,227,498 |
|
|
$ |
334,857 |
|
|
|
|
|
|
||||
|
Adjusted EBITDA % of net sales |
|
11.2 |
% |
|
|
6.7 |
% |
Reconciliation of GAAP to Non-GAAP Gross Margin:
|
|
Three Months Ended |
||||||
|
|
September 30, 2026 |
|
September 30, 2025 |
||||
|
GAAP gross profit |
$ |
2,541,043 |
|
|
$ |
467,373 |
|
|
Stock-based compensation |
|
8,096 |
|
|
|
7,075 |
|
|
Non-GAAP gross profit |
$ |
2,549,139 |
|
|
$ |
474,448 |
|
|
|
|
|
|
||||
|
GAAP gross margin (%) |
|
12.7 |
% |
|
|
9.3 |
% |
|
Stock-based compensation (%) |
|
0.1 |
% |
|
|
0.2 |
% |
|
Non-GAAP gross margin (%) |
|
12.8 |
% |
|
|
9.5 |
% |
Reconciliation of GAAP to Non-GAAP Operating Expenses:
|
|
Three Months Ended |
||||||
|
|
September 30, 2026 |
|
September 30, 2025 |
||||
|
GAAP operating expenses |
$ |
476,550 |
|
|
$ |
285,117 |
|
|
Adjustments to operating expenses |
|
|
|
||||
|
GAAP R&D operating expenses |
|
227,279 |
|
|
|
173,314 |
|
|
Stock-based compensation |
|
(67,227 |
) |
|
|
(57,433 |
) |
|
Non-GAAP R&D operating expenses |
|
160,052 |
|
|
|
115,881 |
|
|
|
|
|
|
||||
|
GAAP S&M operating expenses |
|
132,527 |
|
|
|
47,928 |
|
|
Stock-based compensation |
|
(9,448 |
) |
|
|
(11,100 |
) |
|
Non-GAAP S&M operating expenses |
|
123,079 |
|
|
|
36,828 |
|
|
|
|
|
|
||||
|
GAAP G&A operating expenses |
|
116,744 |
|
|
|
63,875 |
|
|
Stock-based compensation |
|
(15,452 |
) |
|
|
(13,531 |
) |
|
Non-GAAP G&A operating expenses |
|
101,292 |
|
|
|
50,344 |
|
|
|
|
|
|
||||
|
Non-GAAP operating expenses |
$ |
384,423 |
|
|
$ |
203,053 |
|
Reconciliation of GAAP to Non-GAAP Net Income:
|
|
Three Months Ended |
||||||
|
|
September 30, 2026 |
|
September 30, 2025 |
||||
|
GAAP net income – basic |
$ |
1,594,205 |
|
|
$ |
168,285 |
|
|
Preferred stock dividends |
|
(75,796 |
) |
|
|
— |
|
|
Earnings allocated to participating securities – GAAP |
|
(251,561 |
) |
|
|
— |
|
|
GAAP net income attributable to common stockholders – basic |
|
1,266,848 |
|
|
|
168,285 |
|
|
Adjustments related to stock-based compensation: |
|
|
|
||||
|
Cost of sales |
|
8,096 |
|
|
|
7,075 |
|
|
Operating expenses |
|
92,127 |
|
|
|
82,064 |
|
|
Total adjustments to GAAP income from operations |
|
100,223 |
|
|
|
89,139 |
|
|
Income tax effect of non-GAAP adjustments |
|
(20,048 |
) |
|
|
(19,201 |
) |
|
Adjustments to earnings allocated to participating securities: |
|
|
|
||||
|
Earnings allocated to participating securities GAAP |
|
251,561 |
|
|
|
— |
|
|
Earnings allocated to participating securities – Non-GAAP |
|
(264,844 |
) |
|
|
— |
|
|
Non-GAAP net income attributable to common stockholders – basic |
$ |
1,333,740 |
|
|
$ |
238,223 |
|
|
|
|
|
|
||||
|
GAAP net income – basic |
$ |
1,594,205 |
|
|
$ |
168,285 |
|
|
Preferred stock dividends |
|
(75,796 |
) |
|
|
— |
|
|
Earnings allocated to participating securities – GAAP |
|
(251,561 |
) |
|
|
— |
|
|
GAAP net income attributable to common stockholders – basic |
|
1,266,848 |
|
|
|
168,285 |
|
|
Earnings allocated to participating securities – GAAP |
|
251,561 |
|
|
|
— |
|
|
Convertible notes interest charge, net of tax |
|
18,041 |
|
|
|
1,680 |
|
|
Earnings re-allocated to participating securities for the impact of dilutive securities |
|
(228,164 |
) |
|
|
— |
|
|
GAAP net income attributable to common stockholders – diluted |
$ |
1,308,286 |
|
|
$ |
169,965 |
|
|
|
|
|
|
||||
|
Non-GAAP net income attributable to common stockholders – basic |
$ |
1,333,740 |
|
|
$ |
238,223 |
|
|
Earnings allocated to participating securities – Non-GAAP |
|
264,844 |
|
|
|
— |
|
|
Convertible notes interest charge, net of tax |
|
18,041 |
|
|
|
1,680 |
|
|
Earnings re-allocated to participating securities for the impact of dilutive securities |
|
(236,041 |
) |
|
|
— |
|
|
Non-GAAP net income attributable to common stockholders – diluted |
$ |
1,380,584 |
|
|
$ |
239,903 |
|
|
|
|
|
|
||||
|
Weighted-average shares used in the calculation of net income per common share: |
|
|
|
||||
|
|
|
|
|
||||
|
Basic – GAAP |
|
658,128 |
|
|
|
595,624 |
|
|
Basic – Non-GAAP |
|
658,128 |
|
|
|
595,624 |
|
|
|
|
|
|
||||
|
Diluted – GAAP |
|
749,351 |
|
|
|
663,235 |
|
|
Non-GAAP adjustment |
|
15,020 |
|
|
|
13,782 |
|
|
Diluted – Non-GAAP |
|
764,371 |
|
|
|
677,017 |
|
Reconciliation of GAAP to Non-GAAP EPS:
|
|
Three Months Ended |
||||||
|
|
September 30, 2026 |
|
September 30, 2025 |
||||
|
GAAP net income per common share – basic |
$ |
1.92 |
|
|
$ |
0.28 |
|
|
Adjustments to GAAP: |
|
|
|
||||
|
Stock-based compensation |
|
0.15 |
|
|
|
0.15 |
|
|
Income tax |
|
(0.04 |
) |
|
|
(0.03 |
) |
|
Non-GAAP net income per common share – basic |
$ |
2.03 |
|
|
$ |
0.40 |
|
|
|
|
|
|
||||
|
GAAP net income per common share – diluted |
$ |
1.75 |
|
|
$ |
0.26 |
|
|
Adjustments to GAAP: |
|
|
|
||||
|
Stock-based compensation |
|
0.11 |
|
|
|
0.13 |
|
|
Income tax |
|
(0.05 |
) |
|
|
(0.04 |
) |
|
Non-GAAP net income per common share – diluted |
$ |
1.81 |
|
|
$ |
0.35 |
|
GAAP to Non-GAAP Effective Tax Rate:
|
|
Three Months Ended |
||||
|
|
September 30, 2026 |
|
September 30, 2025 |
||
|
GAAP effective tax rate |
21.4 |
% |
|
19.3 |
% |
|
Total adjustments to GAAP provision to income tax |
0.0 |
% |
|
0.6 |
% |
|
Non-GAAP effective tax rate |
21.4 |
% |
|
19.9 |
% |
View source version on businesswire.com: https://www.businesswire.com/news/home/20261103071315/en/
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