TLDR
- SMCI stock jumped about 10% in premarket trading after Super Micro released its latest earnings and outlook.
- Adjusted earnings reached $1.70 per share, beating analyst expectations, while revenue of $11.12 billion missed estimates.
- Super Micro ended fiscal 2026 with a record backlog, supported by more than $60 billion in new orders during the fourth quarter.
- Q1 fiscal 2027 revenue guidance came in at $14.5 billion to $15.5 billion, above Wall Street expectations.
- Full-year fiscal 2027 revenue is projected at $65 billion to $72 billion, well above the roughly $53.3 billion analyst consensus.
Super Micro Computer (SMCI) shares rose in early premarket trading after the server maker reported fourth-quarter earnings and issued revenue guidance above Wall Street forecasts. SMCI stock gained 10% as investors weighed a revenue miss against a record backlog and a stronger fiscal 2027 outlook.
Super Micro Computer, Inc., SMCI
The company reported adjusted earnings of $1.70 per share. Revenue reached $11.12 billion, below the $11.73 billion consensus estimate. The mixed result drew buyers as management pointed to demand across cloud, enterprise, and AI infrastructure customers.
SMCI Stock Rises on Strong Guidance
Super Micro expects first-quarter fiscal 2027 earnings of $1.01 to $1.10 per share. Analysts had expected about $0.76. The company projected quarterly revenue between $14.5 billion and $15.5 billion, above the $12.09 billion consensus.
For fiscal 2027, Super Micro forecast revenue of $65 billion to $72 billion. Wall Street had expected about $53.3 billion. The guidance supported the early rise in SMCI stock despite the weaker quarterly revenue result.
Super Micro ended fiscal 2026 with a record backlog after receiving more than $60 billion in new orders during the fourth quarter. Management said it expects to fulfill those orders over the coming quarters as customers expand data center capacity.
The company said nine customers each generated more than $1 billion in fiscal 2026 revenue, up from four in 2025. Management did not identify the customers but said the group included cloud service providers, newer cloud firms, and enterprise buyers.
$35 Resistance Remains Key
Super Micro said enterprise and channel customers increased spending on compute, storage, and networking systems during the quarter. The company also benefited from demand for dense server systems used in artificial intelligence data centers.
The United States accounted for 71% of fourth-quarter revenue. Asia contributed 11%, Europe represented 8%, and other regions made up the remaining 10%. Non-GAAP gross margin for fiscal 2026 stood at 10.9%, compared with 11.2% a year earlier.
SMCI closed at $31.68 before the earnings move and remained down 31.77% over the past year. The stock has also gained only modestly this year compared with stronger gains in rival Dell Technologies.
The next technical level sits near $35.20. A clear move above that price would place SMCI stock beyond a recent resistance area. Failure to break that level could leave the rebound exposed to renewed selling pressure.
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