Super Micro Computer Inc. projects first-quarter revenue of $14.5 billion to $15.5 billion and fiscal 2027 revenue up to $72 billion, both far exceeding Wall Street expectations due to surging demand for AI-optimized servers. Although fourth-quarter revenue of $11.12 billion missed estimates due to customer delays in power and cooling, gross margins recovered to 17.5%. The company's customer base of over $1 billion in annual revenue expanded to nine clients in fiscal 2026.
Super Micro revenue forecast
- ▪Super Micro Computer Inc. projected adjusted quarterly profit of $1.01 to $1.10 per share for the quarter ending September 2026, above analyst estimates of 74 cents
- ▪Super Micro Computer Inc. forecast revenue of $14.5 billion to $15.5 billion for the quarter ending September 2026, exceeding the average analyst estimate of $12 billion
- ▪Super Micro Computer Inc. forecast fiscal 2027 revenue between $65 billion and $72 billion, exceeding the average analyst estimate of $52.50 billion
- ▪Super Micro Computer Inc. reported fourth-quarter revenue of $11.12 billion for the quarter ended June 30, 2026, which nearly doubled year-over-year but fell below analyst estimates of $11.55 billion
AI server demand growth
- ▪Super Micro Computer Inc. CEO Charles Liang attributed the company's fourth-quarter revenue falling to the low end of its forecast to short-term customer delays in power, cooling, and networking
- ▪Super Micro Computer Inc. shares rose 7% in extended trading on August 11, 2026, following the company's upbeat revenue forecasts driven by AI-optimized server demand
Gross margin recovery
- ▪Super Micro Computer Inc. Chief Financial Officer David Weigand attributed fourth-quarter margin improvements to a better-than-anticipated customer and product mix, including deferred contracts
- ▪Super Micro Computer Inc. reported a gross margin of 17.5% for the fourth quarter ended June 30, 2026, exceeding its preliminary estimate of 15% to 17%
Customer concentration trends
- ▪Emarketer senior analyst Gadjo Sevilla stated that Super Micro Computer Inc.'s improving margins and projected volume growth indicate the company is not facing industry-wide constraints
- ▪Super Micro Computer Inc. increased its count of customers generating more than $1 billion in annual revenue to nine in fiscal 2026, up from four in the prior fiscal year
Data center infrastructure spending
- ▪Combined spending on artificial intelligence infrastructure by Big Tech companies is projected to surpass $730 billion in 2026
- ▪Tech and cloud companies are ramping up data center investments to support artificial intelligence applications, driving demand for infrastructure firms like Super Micro Computer Inc
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