Super Micro Computer stock posts 93.2 percent revenue growth
Published on 09/29/2026 at 12:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Super Micro Computer stock posted fiscal fourth-quarter 2026 revenue of USD 11.12 billion, up 93.20 percent year over year, with the results reported on August 11, 2026. Non-GAAP EPS reached USD 1.70 against USD 0.92 consensus, giving investors a sharp earnings comparison as the AI-server maker enters fiscal 2027.
AI orders lift the growth case
Barchart reported on September 10, 2026, that Super Micro recorded fiscal 2026 revenue of USD 39.1 billion, up 78.00 percent from USD 22.0 billion in fiscal 2025. The company also received more than USD 60 billion in new orders during the fourth quarter, creating a record backlog for fiscal 2027.
The margin signal was equally important. Non-GAAP gross margin reached 17.60 percent in the fourth quarter, up from 10.10 percent in the prior quarter, while nine customers each generated more than USD 1 billion in annual revenue.
Cash flow sets the harder test
24/7 Wall St. wrote on September 7, 2026, that fiscal 2026 operating cash flow was negative USD 6.8 billion, alongside a USD 12.9 billion inventory build. That figure is the main counterweight to the revenue and margin expansion because growth has yet to translate into positive operating cash generation.
Management's Q1 fiscal 2027 guidance calls for revenue of USD 14.5 billion to USD 15.5 billion and non-GAAP EPS of USD 1.01 to USD 1.10. Full-year fiscal 2027 revenue guidance stands at USD 65 billion to USD 72 billion, compared with USD 39.1 billion in fiscal 2026.
Analysts keep expectations measured
MarketBeat reported on September 11, 2026, that Raymond James maintained an Outperform rating with a USD 48.00 target, while Goldman Sachs reaffirmed Sell with a USD 34.00 target, raised from USD 30.00 on August 12, 2026. Citigroup raised its target from USD 33.00 to USD 39.00 on the same date and kept a Neutral rating.
Market data showed a market capitalization of USD 27.0 billion and a 52-week range of USD 19.48 to USD 58.78 as of September 28, 2026. The valuation debate therefore turns on whether the new order backlog can improve cash conversion while the higher gross margin persists.
Backlog meets execution
Super Micro Computer operates in computer hardware and supplies servers, storage systems and AI infrastructure. Its fiscal 2027 targets offer a clear numerical test: revenue must expand from USD 39.1 billion toward USD 65 billion to USD 72 billion while operating cash flow improves from negative USD 6.8 billion.
Super Micro Computer key data
- Company: Super Micro Computer, Inc.
- ISIN: US86800U1043
- Ticker: SMCI
- Primary exchange: NASDAQ
- Market capitalization: USD 27.0 billion (as of September 28, 2026)
- 52-week range: USD 19.48-58.78 (as of September 28, 2026)
- Sector / Industry: Technology / Computer Hardware
