超微电脑公司（SMCI）-26 财年第二季度回顾：受益于广泛的 AI 需求，业绩超预期并上调指引，但利润率仍面临压力

4 February 2026 | 3:47AM EST Equity Research Super Micro Computer Inc. (SMCI): F2Q26 Review: Beat & raise on broad-based AI demand, though margins remain under pressure SMCI F2Q26 EPS of $0.69 beat (v. GSe/ FactSet consensus $0.50/$0.49) driven by revenue outperformance ($12.7 bn v. GSe/consensus $10.5/$10.4 bn and guidance for $10-11 bn). First, gross margins remain under pressure, but EBIT margins benefited from operating leverage. Gross margins in the quarter were slightly softer than expected (6.4% v. G ...