The latest data point for SMCI's Revenue Surprise % in Q2'26 shows a positive surprise of 22.6%, indicating that actual revenue exceeded analyst expectations by a significant margin. This marks a strong recovery from the negative surprise of -51.5% in the prior quarter (Q1'26). Meanwhile, Revenue Growth (YoY) for Q2'26 reached 123.4%, reflecting robust year-over-year expansion. Over the period from Q2'23 to Q2'26, Revenue Surprise % has exhibited high volatility, fluctuating between a peak positive of 20.0% in Q2'24 and a sharp low of -88.1% in Q1'25, with an overall trend shifting from modest positives to deeper negatives before the recent rebound. In contrast, Revenue Growth (YoY) demonstrates a pattern of explosive growth, surging from -5.3% in Q3'23 to highs above 200% in Q3'24, followed by moderation to single digits in mid-2025, and a renewed spike in Q2'26, underscoring SMCI's cyclical performance driven by market demand cycles.