Super Micro Computer (SMCI) Stock: Bernstein, Needham, Rosenblatt Raise Price Targets After Earnings

TLDR

• SMCI reported Q4 FY2026 adjusted EPS of $1.70, beating the $1.59 consensus estimate by 7%
• Gross margin hit 17.6%, roughly 892 basis points above expectations
• Revenue came in at $11.12 billion, slightly below the $11.26 billion consensus due to customer project delays
• FY2027 revenue guidance of $65B to $72B crushed the $54.4B consensus estimate
• Bernstein raised its price target to $42; BofA raised to $33 but kept an Underperform rating

Super Micro Computer (SMCI) surged 14% on Tuesday after the company posted fourth-quarter fiscal 2026 results that beat profit expectations and gave a revenue outlook well above what Wall Street had penciled in.

The stock was trading around $36 during the session.

Super Micro Computer, Inc., SMCI

SMCI reported adjusted earnings per share of $1.70 for Q4 FY2026, coming in 7% above the consensus estimate of $1.59. Revenue reached $11.12 billion, up 9% from the prior quarter, though slightly below the $11.26 billion consensus due to delays in large customer AI projects.

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