The latest data point for SMCI's revenue in Q2'26 reached $12.68B USD, marking a substantial increase from the previous quarter's $5.02B USD and reflecting the highest value in the observed period. This surge represents a 123% year-over-year growth, highlighting a strong rebound after a period of moderation. Over the timeframe from Q3'23 to Q2'26, SMCI's revenue exhibited robust overall growth, rising from $1.28B USD to $12.68B USD, with an average quarterly increase driven by significant accelerations in Q2'24 ($3.66B USD, +103% YoY) and Q3'24 ($3.85B USD, +200% YoY). However, the trend showed volatility, including a peak in Q1'25 at $5.94B USD followed by declines to $4.60B USD in Q3'25 and a YoY contraction of -15% in Q1'26, before the sharp Q2'26 upturn; year-over-year growth rates fluctuated from -5% in Q3'23 to highs exceeding 180% mid-period, underscoring the company's sensitivity to market dynamics in the tech sector.