Super Micro's revenue has surged from $4.6B in Q3 FY2025 to $19.9B in Q1 FY2027, yet this growth appears driven by lumpy large-rack AI deliveries rather than a smooth compounding trend, and gross margin of 12.7% suggests limited pricing power versus proprietary-technology peers.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue climbed sharply to $19.9B in Q1 FY2027 while operating margin of 10.4% and net margin of 8.0% suggest operating leverage is emerging, though quarterly margins have remained volatile between 3.2% and 13.4%.
SMCI is recognized for its leadership in AI infrastructure, with rapid growth driven by innovations in liquid cooling and modular server design.
The shift toward Direct Liquid Cooling (DLC) as the default for high-density AI racks is a key catalyst, with SMCI aggressively marketing these solutions.
SMCI's trailing and forward P/E ratios of 24.57 and 16.50 respectively indicate a potentially undervalued stock relative to its growth prospects.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 3, 2026 | $1.81+41.4% vs $1.28 | $19.9B+22.5% vs $16.3B |
Q3 2026 Aug 11, 2026 | $1.70+84.2% vs $0.92 | $11.1B-4.1% vs $11.6B |
Q2 2026 May 5, 2026 | $0.84+36.1% vs $0.62 | $10.2B-17.3% vs $12.4B |
Q1 2026 Feb 3, 2026 | $0.69+40.8% vs $0.49 | $12.7B+21.7% vs $10.4B |
AI server stocks are clawing back part of Thursday's post-midterm sell-off, and the bounce is uneven across the group. Super Micro Computer (NASDAQ:SMCI | SMCI Price Prediction) stock is at $28.73, up 6% in early trading.
Super Micro Computer's NVIDIA partnership strengthens its AI server offerings with advanced GPUs, liquid cooling and rack-scale systems.
Supermicro is seeing huge revenue growth. Its checkered history and deep ties to the neocloud market make it a riskier investment.
Super Micro Computer, Inc. retains a Strong Buy rating due to robust AI infrastructure demand and outsized revenue increases. SMCI delivered Q1 '27 revenues of $19.95B, beating consensus by $3.7B, and achieved a gross margin of 12.8%, well above guidance. The company's valuation remains compelling at 5.1x P/E, significantly below peers Dell and Hewlett-Packard Enterprise, despite industry-leading growth.
Benchmark SMCI against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Super Micro Computer, Inc. (SMCI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $28.76 | $18.6B | 8.82 | 77.79% | 5.71% | 21.47% | — | |
| $44.76 | $59.26B | -1003.48 | 14.06% | 6.57% | 10.85% | 1.34% | |
| $328.53 | $218.23B | 37.85 | 18.8% | 7.53% | — | 0.65% | |
| $169.15 | $33.5B | 26.60 | 5.37% | 19.19% | 113.67% | 1.23% | |
| $74.61 | $24.66B | 158.74 | — | 5.89% | 17.22% | — | |
| $221.58 | $2.97B | 33.12 | 4.98% | 11.97% | 30.37% | 1.67% |
Super Micro Computer, Inc. (SMCI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Super Micro Computer, Inc. (SMCI) SEC filings — annual & quarterly reports (10-K, 10-Q)
Nov 3, 2026·SEC
Oct 20, 2026·SEC
Oct 15, 2026·SEC
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Super Micro Computer, Inc. (SMCI) stock FAQ — growth, dividends, profitability & financials explained
Super Micro Computer, Inc. (SMCI) reported $53.99B in revenue over the trailing twelve months. Revenue was $39.06B in fiscal year 2026. That is 18347% more than the $211.8M of fiscal year 2005.
Super Micro Computer, Inc. (SMCI) grew revenue by 77.8% in fiscal year 2026, compared with the prior fiscal year.
Yes. Super Micro Computer, Inc. (SMCI) earned $3.66B in net income over the trailing twelve months (a 6.8% net margin).
Super Micro Computer, Inc. (SMCI) had a return on equity (ROE) of 21.5% in fiscal year 2026. That is well above the market's typical 10-15%.
Super Micro Computer, Inc. (SMCI) had negative free cash flow of $6.50B over the trailing twelve months.
