A：The company expects Q3 GAAP diluted net income per share of at least 52 cents and non GAAP diluted net income per share of at least 60 cents. They anticipate net sales to be at least $12.3 billion. For the full year, they expect at least $40 billion in net sales.

A：Q2 fiscal year 26 revenue was $12.7 billion, up 123% year over year and up sequentially. It included approximately $1.5 billion in delayed Q1 shipments due to customer readiness. Growth was driven by the rapid ramp and deployment of their AI solutions.

A：Revenue was divided into an enterprise channel revenue segment of $2 billion (16% of total revenue) and an OEM appliance and large data center segment revenue of $10.7 billion (84% of Q2 revenue). Geographically, the U.S. represented 86% of Q2 revenue, with Asia up 53%, Europe down 63%, and the rest of the world up 77% year over year.

A：Q2 non GAAP gross margin was 6.4%, down from 9.5% in Q1, impacted by customer and product mix, as well as higher freight production and expedite costs.

A：Q2 operating expenses were $324 million, up sequentially and year over year. Non GAAP operating margin for Q2 was 4.5%, compared to 5.4% in Q1.

A：Q2 cash flow used in operations was $24 million, compared to $918 million in the prior quarter. Q2 operating cash flow reflected higher net income, offset by higher accounts receivable and inventory levels, and aided by higher accounts payables.

A：At the end of the December quarter, the company had a cash position of $4.1 billion in bank and convertible no debt of $4.9 billion, resulting in a net debt position of $707 million. In Q2, the net debt position increased to $779 million.

A：The projected Q3 GAAP diluted net income per share is at least 52 cents and non GAAP diluted net income per share of at least 60 cents. The company expects net sales to be at least $12.3 billion, with GAAP operating expenses around $354 million, including $74 million in stock-based compensation.

A：The customer mix is improving with more large-scale customers, which will enhance profitability. The costs associated with expedite transportation for the December quarter are anticipated to decline as the product matures. Additionally, the negative impact of tariffs is expected to improve, and the Net Price Per Server (NPS) is increasing, which will affect gross margin positively.

A：Yes, the company is entering a period of not only gross margin expansion but also structural Opex dollar leverage. This is indicated by the reduction of expedite transportation costs and the maturing product line, which will positively affect the operating margin.

A：The full year guidance of $40 billion for fiscal year 2026, when backed into the implied Edqm, suggests significant quarter-over-quarter moderation. The conservative number indicates that, if the business continues to grow, especially with the increase in power consumption reduction and data center reliability, the guidance may be exceeded if supply constraints improve.

A：DC BBS contributed about 4% to total profits in the first half of the fiscal year. It is forecasted to increase its contribution to double digits by the end of the calendar year. This is due to the product line's quick growth, as more customers are attracted by the benefits of building data centers with DC BBS.

A：If supply constraints were alleviated, the revenue numbers could be higher than the current expectations. The conservative approach taken in the forecast is due to the ongoing shortage situation in the market. However, the demand for data centers is strong globally, and any improvement in supply would likely result in increased revenue.

A：Investments have been made in developing the TCPP (Data Center Building Blocks), which began about 12 months ago. So far, there are about 10 items available, and another 2-3 items are expected to be introduced in the next few months or quarters. This development will make the data center building process more complete and easy for customers.

A：The margin profile for DC BBS is expected to be much higher than the company's typical large cloud and G services margin. This is because DC BBS is a unique solution that is specifically designed, vetted, and optimized for customers, leading to better margins exceeding more than 20%.

A：Higher transportation and expedite costs due to increased demand and the ramp-up of new technologies for mesh shipments impacted gross margins in the December quarter. The exact impact on margins in the March quarter was not quantified, but it is mentioned that the company has had component shortages which are affecting the AI and large data center demand. The company is being conservative in its guidance for these shortages.

A：Component shortages are mainly due to the strong growth in demand for AI and large data centers, and not because of production capacity issues. This indicates growth within the industry and the company's position as part of major growth companies. The component cost increase is a real factor impacting the business, but it's not expected to hurt the company too much. The DC Bvs product is aimed at a global market with varied data center needs, including large scale, mid-size scale, and small scale customers, offering them a one-stop shop solution or the option to buy everything for themselves.

A：Super Micro is expected to continue bringing products to the market one generation faster due to their strong engineering background and large engineering team, allowing them to make a total solution one generation or six months earlier than others. This will help customers build data centers and cloud AI platforms more quickly. The power efficiency advantages will be maintained as a result of these advancements.

A：The 10% customer was a significant driver of upside in the quarter and is expected to remain substantial, possibly as a plus percent customer in the March quarter. The Data vault contract, signed six or nine months prior, is starting to ramp up as the company's foundation strengthens and their total solution for data centers gains more broad customer adoption.

A：Revenue is expected to grow quickly with the addition of more large-scale customers, making the customer base more diversified. The company is on a healthy track with revenue expected to grow rapidly. Although it's challenging to predict due to customer schedule shifts, the overall growth is anticipated to continue in the June quarters.

A：The company has many highly interested customers and some are already engaged. They hope to deliver as soon as possible, pending when their partners' solution is ready. They are working closely with partners and have received some good commitments from customers for these systems.

A：The speaker's question and the reason for the inquiry are unclear from the provided text. However, the text does not directly address the expected percentage of sales from smaller customers versus larger ones. The discussion does not provide any color on the changing customer mix or the impact of larger customers' pricing leverage on smaller customers' sales.

A：The company is focusing on growing its enterprise, middle-sized, and even larger enterprise customers as part of its strategy to increase customer diversity.

A：The company aims to drive greater differentiation in the next cycle of upgrades by providing a complete solution that optimizes the whole data center and video power solution for customers, which includes easy management and lower energy consumption.

A：The change in sales growth and margins could be a reflection of a tougher pricing environment, winning back share, and orders being pushed out in previous quarters. The exact cause is not explicitly stated in the provided text.

A：The company expects gross margins to grow to a double-digit ratio as soon as possible, reflecting its strategy to continue growing larger accounts, develop technology, and reach a broader market including large-scale, smaller scale, and mid-tier customers.

A：The other income came in about 50% million dollars above the guidance due to higher interest income from growing cash reserves. This was partially offset by increased investments in accounts receivable and inventory.

A：The company has access to additional capital through various means, including credit facilities, and currently believes it has adequate capital to meet its needs for the current outlook.

A：The customer renewal rate is 63%, and the company has added a lot of new logos alongside the renewal of existing customers. However, whether the 63% renewal rate is from previous 10% customers is not confirmed in the provided text.