Super Micro Computer Surpasses Earnings Expectations Amid Strong AI Demand
Supermicro reported mixed Q4 fiscal 2026 results, with revenue of $11.1 billion—up 93% year-over-year but slightly below expectations—but non-GAAP earnings per share came in at $1.70, far exceeding the estimated $0.92 and marking one of its largest surprises due to an improved product mix and lower inventory reserves. The company’s full fiscal year revenue reached a record $39.1 billion, up 78% from the prior year, with non-GAAP EPS rising by 76%. Supermicro also received over $60 billion in new orders during Q4, pushing its backlog to all-time highs as it continues expanding into AI infrastructure solutions. In August 2026, SMCI stock surged nearly 27% following the strong earnings report and a significant increase in order backlogs. The rally was further fueled by an expanded partnership between Cisco and Nvidia that included Supermicro’s server hardware on Aug. 25, sending shares up over 9%. Management expects more than 80% of future revenue to come from AI-related solutions as the company positions itself as a one-stop shop for building AI factories. Supermicro guided Q1 fiscal 2027 revenue between $14.5 billion and $15.5 billion, with non-GAAP EPS projected at $1.01–$1.10, while maintaining full-year guidance of $65 billion to $72 billion in revenue.
Topics: AI infrastructure server solutions SMCI Super Micro Computer