Super Micro Computer (SMCI) Stock Surges After Guidance Shock, Yet $35 Holds the Key

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.

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