New York, Feb 3, 2026, 05:30 (EST) — Premarket
- SMCI gained roughly 2.4% in premarket action, trading at $30.41
- The stock ended Monday at $29.71, rising 2.06%
- Super Micro’s quarterly results are due after the bell, and investors are preparing for them
Shares of Super Micro Computer (SMCI) climbed roughly 2.4% in early trading Tuesday, ahead of the server maker’s earnings report due later. By 5:30 a.m. EST, the stock had reached $30.41, gaining 70 cents from Monday’s close, according to Public.com. Note that premarket activity occurs before the 9:30 a.m. open and can be volatile on lighter volume. (Public)
The update arrives amid investor attempts to determine if the AI hardware boom continues to fuel steady growth or simply adds volatility. Advanced Micro Devices will report earnings after the market closes, maintaining attention on data-center investment and chip availability. “We favour a broadening of the rally and have been shifting away from the ‘just AI’ theme,” said Mohit Kumar at Jefferies. (Reuters)
Super Micro’s revenue forecast is looking strong. Analysts predict sales will jump 83.8% year-over-year, reaching $10.44 billion. Rosenblatt Securities remains bullish, maintaining a buy rating and a $55 price target, according to data from TradingView. (TradingView)
The stock climbed 2.06% on Monday, closing at $29.71 and snapping a two-day losing streak, even as the broader market gained ground. The S&P 500 rose 0.54%, and the Dow was up 1.05%, while SMCI remained roughly 55% below its 52-week high, according to MarketWatch data. (MarketWatch)
San Jose-based Super Micro has been navigating timing challenges tied to large AI orders. The company missed quarterly estimates in November after delivery schedules shifted, with CEO Charles Liang attributing some of the delay to last-minute upgrades on GPU racks — the specialized chips that power AI workloads. It projects second-quarter revenue between $10 billion and $11 billion. “Investors are watching for updates on production capacity and component availability,” noted Gadjo Sevilla of eMarketer, highlighting Super Micro’s tight collaboration with Nvidia platforms. (Reuters)
Still, the stock is weighed down by old concerns over controls and reporting. Super Micro confirmed ongoing weaknesses in its internal control over financial reporting, warning that unresolved problems could “adversely affect” its ability to report results both timely and accurately, according to a recent filing. Back in 2024, Ernst & Young quit as auditor, citing worries about governance and transparency, Reuters reported at the time. (Reuters)
As the print approaches, traders focus on gross margin — the portion of sales remaining after costs — plus any clues on how cash is being deployed as the company grows. Insights on backlog (the order book) and shipment schedules will draw attention in a server market packed with big players like Dell and Hewlett Packard Enterprise.
Super Micro announced it will hold its fiscal second-quarter earnings call at 5:00 p.m. ET on Tuesday, streaming live via its investor relations website. Note that the regular U.S. stock market closes an hour earlier, at 4:00 p.m. ET. (Supermicro)
