FY 2024
$15.0BNet sales
13.8%Gross margin
Super Micro Posts 78% Sales Jump, Margin at 10.8% as Control Risks Remain
SAN JOSE, California, September 1, 2026, 15:44 PDT — Super Micro reported a 78% increase in sales, achieving a 10.8% margin, while the company continues to face ongoing control risks.
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SMCI moved above its regular close after hours
Price in U.S. dollars; selected one-minute observations
Sales accelerated while annual margin narrowed
Fiscal-year net sales and GAAP gross margin
FY 2025
$22.0BNet sales
11.1%Gross margin
FY 2026
$39.1BNet sales
10.8%Gross margin
The filing concentrates three balance-sheet risks
Fiscal 2026 supplier exposure, June receivables and control remediation
Purchases from one supplier
A single source dominated component purchasing.
Receivables from three customers
The three largest balances made up over half of accounts receivable.
Control weaknesses
One IT general-control weakness still awaits operating-effectiveness testing.
Analysts remain split after the earnings rebound
Fifteen tracked recommendations and the average 12-month target
Buy · 40%Hold · 47%Sell · 13%
$41Average target
10.3% above $37.18
10.3% above $37.18
Supermicro Shares Drop 3.6% With $69 Billion Revenue Goal Raising Margin Concerns
SAN JOSE, California, August 28, 2026, 19:32. Supermicro shares slid 3.6% after the company set a $69 billion sales target, putting further pressure on its efforts to restore profit margins.
Supermicro: growth target meets margin test
NASDAQ: SMCI · market close August 28, 2026, 16:00 EDT · financial data through June 30, 2026
Close
$37.08
−3.59%
Equity value
$25.7B
≈$960M erased
Volume
29.1M
55% of 50-day average
Trailing P/E
17.8×
EPS $2.08
Operating bridge
| Metric | FY2026 | Reference |
|---|---|---|
| Revenue | $39.1B | +78% YoY |
| Gross margin | 10.8% | 11.1% prior year |
| Net income | $2.2B | $1.0B prior year |
| Diluted EPS | $3.26 | $1.68 prior year |
Q4 margin reset
17.5%
9.5% one year earlier
Q1 FY2027 sales
$14.5–15.5B
Management guidance
FY2027 sales
$65–72B
Midpoint ≈30% above prior consensus
Valuation
0.66×
Market cap / FY2026 sales
What moves the stock next
| Positive | Quarterly revenue approaches $15B while gross margin holds above the 10.8% full-year level. |
| Neutral | Revenue scales, but mix pulls margin back toward the fiscal-year average. |
| Negative | Customer timing or power and cooling constraints delay rack acceptance. |
Risk: The $65–$72B outlook requires unusually rapid conversion of large AI-system orders. Server pricing, component costs and shipment timing can move both revenue and margin sharply between quarters.
Super Micro Shares Rise 9.35% After Cisco Announces October AI Factory Channel Launch
Super Micro Computer, Inc. gained 9.35% after Cisco launched an enterprise channel for its AI servers. Shares ended Tuesday at $38.46. Trading volume was 48.2 million shares.
Super Micro Computer · NASDAQ: SMCI
Cisco channel turns rack-scale AI demand into a margin test
Cisco begins offering Supermicro compute inside Secure AI Factory with NVIDIA in October 2026.
Market data: Aug. 25, 2026, 16:00 EDT
After-hours: 19:59 EDT
After-hours: 19:59 EDT
Close
$38.46
+$3.29 · +9.35%
Quoted value added
$2.13B
646.87M shares × $3.29
Trading activity
47.6M
Aug. 25 volume; 48.2M from consolidated snapshot
After-hours
$38.58
+0.30%
Seven-session price path
CloseObserved session
Quarterly operating pulse
| FY26 | Revenue | Gross margin | Net income |
|---|---|---|---|
| Q1 | $5.0B | 9.3% | $168M |
| Q2 | $12.7B | 6.3% | $401M |
| Q3 | $10.2B | 9.9% | $483M |
| Q4 | $11.1B | 17.5% | $1.18B |
Company-reported GAAP data; fiscal year ended June 30, 2026.
Guidance and balance-sheet signals
FY27 revenue guide$65B–$72B
Midpoint growth vs. FY26+75%
Q1 FY27 revenue guide$14.5B–$15.5B
FY26 cash$7.5B
Bank debt + convertibles$8.7B
Q4 operating cash flow$747M
AI infrastructure read-through · Aug. 25 close, 16:00 EDT
| Company | Close | Daily move | Signal |
|---|---|---|---|
| Super Micro (SMCI) | $38.46 | +9.35% | Cisco channel |
| Dell (DELL) | $451.50 | +4.23% | Server peer |
| HPE (HPE) | $53.44 | +1.93% | Server peer |
| Cisco (CSCO) | $111.11 | +0.80% | Platform owner |
Catalyst clock
AUG 11
Fiscal Q4 results17.5% gross margin; FY27 revenue guide reaches $72B.
AUG 25
Cisco partnershipRack-scale liquid- and air-cooled compute enters Secure AI Factory.
OCTOBER
Commercial availabilityFirst announced month for Cisco to offer Supermicro systems.
Investor takeaway
The Cisco channel validates Supermicro’s rack-scale position, but Tuesday’s $2.13B value gain arrived before any disclosed orders.
The clean confirmation would be sustained enterprise revenue plus gross margin near Q4’s 17.5%, rather than a return toward the 6%–10% range seen earlier in fiscal 2026.
The clean confirmation would be sustained enterprise revenue plus gross margin near Q4’s 17.5%, rather than a return toward the 6%–10% range seen earlier in fiscal 2026.
Supermicro Shares Climb 9% After Cisco Unveils October AI-Factory Sales Program
Super Micro Computer shares climbed 8.63% to $38.21 as of 11:31 EDT. The increase came after news of a distribution deal that integrates its rack-scale AI systems into Cisco’s secure factory framework. The stock’s advance boosted its market capitalization by about $1.96 billion.
NASDAQ: SMCI · Catalyst dashboard
Supermicro’s Cisco channel adds validation before revenue
Market snapshot: August 25, 2026, 11:31 EDT · U.S. regular session
Share price
$38.21
Up 8.63% from a $35.17 prior close.
Equity value
$24.71B
About $1.96B added during the move.
Volume
23.47M
Shares traded by 11:31 EDT on August 25.
Forward P/E
8.81×
Versus 22.68× for Dell and 21.50× for Cisco.
Revenue scale: actuals and fiscal 2027 guidance
The $68.5 billion midpoint implies 75.4% growth. Cisco’s October availability is a channel catalyst; no order value has been disclosed.
Q4 sales +93.2% YoYQ4 gross margin 17.5%New orders >$60B
Analyst positioning
Consensus: Hold · Average target $42.38 · Implied upside 10.9% from $38.21.
Comparable market snapshot
| Company | Price | Daily move | Market value | Forward P/E |
|---|---|---|---|---|
| Super Micro Computer (NASDAQ: SMCI) | $38.21 | +8.63% | $24.71B | 8.81× |
| Dell Technologies (NYSE: DELL) | $453.27 | +4.64% | $292.88B | 22.68× |
| Cisco Systems (NASDAQ: CSCO) | $110.97 | +0.67% | $437.38B | 21.50× |
Prices and valuation metrics: StockAnalysis snapshots at 11:30–11:31 EDT, August 25, 2026. SMCI outperformed the equal-weight daily move of Dell and Cisco by about 6.0 percentage points.
Catalyst path
Aug. 25
Cisco announces Supermicro liquid- and air-cooled compute for its Secure AI Factory with NVIDIA.
October
Cisco plans to begin offering Supermicro rack-scale compute to customers.
Next report
Investors test the $14.5–$15.5 billion fiscal first-quarter sales guide against bookings and delivery capacity.
Investor bridge
Cisco supplies distribution and enterprise validation. Supermicro supplies dense rack-scale compute and liquid cooling. The commercial link is direct, but not yet quantified: an October product path can widen customer access, while revenue depends on orders, pricing, delivery and margin.
| Q4 FY2026 sales | $11.1B | +93.2% YoY |
| Q4 FY2026 gross margin | 17.5% | +8.0 points YoY |
| Q1 FY2027 sales guide | $14.5–$15.5B | Midpoint +34.9% vs. Q4 |
| FY2027 sales guide | $65–$72B | +66.4% to +84.3% |
Risk monitor
Cisco disclosed no committed orders, pricing or margin. Taiwan’s August 24 server-export case adds compliance scrutiny: prosecutors allege 74 of 130 B300 systems reached China through indirect routes, while customs stopped 56. Supermicro says it is not an investigation target and is not accused of wrongdoing.
Sources: Cisco, Supermicro results, Reuters, StockAnalysis market data and analyst consensus. Time-sensitive market figures are stamped August 25, 2026, 11:30–11:31 EDT.
Super Micro Rises 2.3% After Receiving Strong-Buy Endorsement Despite 74% Analyst Caution
Shares of Super Micro Computer, Inc. rose 2.3% on Friday following a board-driven investigation that uncovered no proof that current top executives were aware of the reported product diversion. The stock’s recovery came as Zacks issued a new Strong Buy recommendation. However, overall analyst sentiment continues to show caution.
Super Micro Computer Inc (NASDAQ:SMCI)
Growth is picking up pace. Cash conversion continues to be the key factor for valuation.
Market value
$24.15B
About 0.35× FY27 midpoint sales
Forward P/E
7.0×
Yahoo forward EPS basis
Average target
$42.38
13.5% implied upside
Street stance
Hold
14 of 19 neutral or bearish
Revenue size
Analyst ratings overview
Cash conversion concerns
| Metric | FY25 | FY26 |
|---|---|---|
| Operating cash flow | $1.66B | -$6.81B |
| Inventory | $4.68B | $12.90B |
| Receivables | $2.20B | $6.13B |
| Net income | $1.05B | $2.23B |
Investor perspective
Bull case: FY27 revenue midpoint implies 75.4% growth. The average target adds 13.5%, while Rosenblatt's $51 target implies 36.6%.
Bear case: Negative operating cash flow, a near-tripling of inventory and continuing government cooperation keep the risk discount alive.
Price: August 21, 2026, 3:53:36 p.m. EDT (9:53:36 p.m. CEST). Market data may be delayed.Sources: Super Micro, Yahoo Finance, StockAnalysis, Zacks.
SMCI Shares Reverse $1.3 Billion Relief Gain as Rising Cash Burn Halts Rally
Super Micro Computer, Inc. lost roughly $1.3 billion in market value during Thursday trading, despite an independent probe finding no evidence that current senior management were aware of or took part in an alleged export-control scheme.
NASDAQ: SMCI · Investor snapshot
Probe relief met a cash-flow reality check
Supermicro cleared current senior management in its internal review. The stock briefly jumped 5.9%, then gave back almost all of the gain.
$36.73▲ 0.41% intraday20 Aug 2026 · 14:06 EDT / 20:06 CEST
Market value
$23.83B
646.87M shares outstanding
Forward P/E
8.52×
Lowest in the peer set below
Analyst target
$42.38
15.4% above the live price
FY27 sales guide
$65–72B
Implies roughly 66%–84% growth
The rally lost about $1.3 billion from its peak
The governance update lifted the shares to $38.74. By 14:06 EDT, they were back near the prior close.
Cheap multiple, expensive working capital
FY2026 showed the split between reported profit and cash conversion.
Net income+$2.23B
Operating cash−$6.81B
Free cash flow−$8.23B
Inventory$12.90B
Cash$7.52B
Debt + notes≈$8.72B
Forward valuation
Price-to-forecast earnings, lower is cheaper.
Analysts remain divided
Consensus: Hold · 19 ratings · average target $42.38.
| Firm | Rating | Target | Date |
|---|---|---|---|
| Rosenblatt | Buy | $51 | Aug 12 |
| J.P. Morgan | Hold | $45 | Aug 17 |
| Bernstein | Hold | $42 | Aug 13 |
| Goldman Sachs | Sell | $34 | Aug 12 |
What changed — and what did not
No senior-management link found.
The independent review found no evidence that current senior leaders knew of or joined the alleged conduct.
The independent review found no evidence that current senior leaders knew of or joined the alleged conduct.
No restricted-product diversion found.
The review found no evidence that export-controlled products were sold directly to restricted buyers or regions.
The review found no evidence that export-controlled products were sold directly to restricted buyers or regions.
Cash risk remains.
Fast AI-server growth is consuming working capital. Funding needs, inventory execution and export controls still matter.
Fast AI-server growth is consuming working capital. Funding needs, inventory execution and export controls still matter.
Market data: StockAnalysis, 20 Aug 2026 at 14:06 EDT. Financials and guidance: Supermicro FY2026 results. Review findings: company release. Peer values and consensus figures are snapshots and may change.
Super Micro Shares Edge Closer to Analyst Target Amid 75% Revenue Surge and Margin Adjustment
Shares of Super Micro Computer, Inc. ended Tuesday down 2.3% at $37.41, bringing the stock nearly in line with the consensus Wall Street price target of $37.81—a difference of just $0.40.
NASDAQ:SMCI · investor dashboard
Growth is priced. Margin is the test.
Super Micro Computer · fiscal Q4 2026 results and fiscal 2027 outlook
$37.41▼ 2.27%
Close · Aug 18, 2026 · 16:00 EDT
Price position
-1.1%
below $37.81 average analyst target
52-week high$58.78
Gap to high-36.4%
Volume50.9M
50-day avg.61.5M
Sales scale-up · USD billions
Margin reset
17.6% → 10.4–10.8%
Non-GAAP gross margin: Q4 actual to Q1 outlook
The revenue guide is exceptional. The margin guide says mix and pricing still decide earnings quality.
Wall Street split · Aug 12 updates
Rosenblatt · Buy$51
Needham · Buy$46
Bernstein · Hold$42
Mizuho · Hold$35
Goldman Sachs · Sell$34
5 Buy11 Hold3 Sell
Data: Supermicro fiscal Q4 2026 release (Aug 11, 2026); MarketWatch close and volume (Aug 18, 2026); Investing.com analyst snapshot and Aug 12 rating actions. Sales and margin guidance are company estimates. Percentages are calculated from cited figures. Market data timestamp: Aug 18, 2026, 16:00 EDT.
Super Micro Stock’s Margin Reset Overshadows Its $68.5 Billion Sales Bet
Super Micro Computer gave investors a $68.5 billion sales promise. Its next margin guide makes that promise harder to value.
Super Micro Shares Rise 1.7% After Sales Forecast Tops by 30%, Margin Contracts by 700 Basis Points
Super Micro Computer Inc. ended Friday’s session at $39.84, rising 1.7%. The company’s shares continued to rank among the most traded in the U.S. following robust annual forecasts. Trading volume reached approximately 57 million shares, near its three-month average.
Super Micro Shares Rise After $68.5 Billion Forecast Offsets 19% Gross Margin Scrutiny
Shares in Super Micro Computer gained 1.5% to $39.76 on Friday afternoon. However, the company's guidance for the first quarter indicates a tougher challenge ahead, with adjusted gross profit projected to decline by around 19% quarter-on-quarter, despite an anticipated revenue increase of about 35%. The U.S. cash market stayed open.
Nasdaq Rises 0.5% as AI Infrastructure Surge Offsets Declines in Mega-Cap Stocks
The Nasdaq Composite rose 0.54% on Wednesday, though the headline gain masked a significant shift within the technology sector. Companies providing AI computing saw investor support, while some platforms purchasing AI computing faced declines. The index ended the session at 26,588.49, increasing by 143.04 points.
Super Micro (SMCI) Shares Surge 19%, Yet Q1 Margin Data Points to 18% Gross Profit Shift
Shares of Super Micro Computer surged 19.02% to close at $37.61 on Wednesday. The AI server manufacturer projected much higher fiscal 2027 revenue than analysts anticipated. Around 164.9 million shares changed hands during the session.
S&P 500 Closes 0.6% Off High, 1.7-to-1 Breadth Points to Broader Momentum Than AI-Focused Rally
The S&P 500 gained 0.26% to close at 7,748.50 on Wednesday, ending the session 0.58% shy of its 52-week peak.
Nvidia stock (NVDA) rises by around $160 billion as AI demand boosts spending
Shares of NVIDIA Corporation advanced 3.03% on Wednesday, settling at $224.09. Investors responded to new indications of ongoing investment in AI infrastructure. With 24.2 billion shares outstanding, the $6.59 increase boosted NVIDIA's market capitalization by about $159 billion.
IREN stock surges 9% with CoreWeave rally highlighting 160x capacity increase
Shares of IREN Limited rose roughly 9% on Wednesday. There was no fresh operational update from the company. Instead, investors reacted to a robust earnings print from CoreWeave, which lifted sentiment across AI-infrastructure stocks.
Super Micro shares (SMCI) climb 7% as record-high margins coincide with a 35% surge in sales
SAN JOSE, California, August 12, 2026, 04:48 EDT - Super Micro Computer stock advanced 7%, with the company balancing a 35% jump in sales against margins reaching all-time highs.
Super Micro Computer (NASDAQ:SMCI) Shares Steady Ahead of Results as $60 Billion in Orders Raises Cash Questions
SAN JOSE, California, August 11, 2026, 13:54 EDT — Super Micro Computer stock traded unchanged before its upcoming earnings report, as the company faces liquidity challenges linked to $60 billion in outstanding orders.
CoreWeave (NASDAQ:CRWV) shares gain ahead of earnings with $99 billion order backlog in focus as company faces margin pressures
Shares of CoreWeave Inc. gained 1.2% on Tuesday ahead of its second-quarter earnings release, which is scheduled after the market closes. Analysts project revenue of $2.56 billion and anticipate a per-share loss of $1.20.
Super Micro Computer, Inc. (NASDAQ:SMCI) shares climb; margin recovery alters financing dynamics
Shares of Super Micro climbed 3.4% to $32.19 during early premarket trading. The company will hold its earnings call on Tuesday at 5 p.m. ET.
Super Micro Computer (NASDAQ:SMCI) Confronts Cash-Conversion Challenge Amid $60 Billion in Orders
Super Micro heads into its Tuesday results with a notable disparity: the company disclosed over $60 billion in new orders for its fiscal fourth quarter, yet its market capitalisation stood at roughly $21.5 billion at Friday’s close.
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