Zacks Investment Research·2d ago
Can SMCI's Record Backlog Sustain Revenue Momentum in FY27?Super Micro Computer's record backlog and expanding manufacturing capacity can support continued AI-driven revenue growth into fiscal 2027.
Super Micro Computer is experiencing explosive growth driven by AI infrastructure demand, with revenue accelerating 93.2% year-over-year to $11.1B in 2026Q4 and gross margin expanding to 17.5%. However, this growth is capital-intensive, as evidenced by cumulat...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue surged 93.2% year-over-year to $11.1B in 2026Q4, with gross margin expanding to 17.5% from 6.3% in the prior quarter, though operating margin of 13.4% remains thin relative to growth.
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 9/23/2026, 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) |
|---|---|---|
Q3 2026Latest 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 |
Q4 2025 Nov 4, 2025 | $0.35-6.6% vs $0.37 | $5.0B-14.0% vs $5.8B |
Super Micro Computer's record backlog and expanding manufacturing capacity can support continued AI-driven revenue growth into fiscal 2027.
Super Micro just posted a quarter that sent analyst price targets soaring and earnings estimates jumping by 30% in a single month, yet the stock still trades below those targets and insiders are quietly selling.
Super Micro Computer (NASDAQ:SMCI | SMCI Price Prediction) is leading the AI server names higher Monday morning, and the size of that lead is the story.
Super Micro (SMCI) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
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 |
|---|---|---|---|---|---|---|---|
| $41.54 | $26.87B | 12.74 | 77.79% | 5.71% | 21.47% | — | |
| $61.04 | $80.83B | -1368.61 | 14.06% | 6.57% | 10.85% | — | |
| $549.02 | $364.69B | 63.25 | 18.8% | 7.53% | — | — | |
| $192.91 | $38.21B | 30.33 | 5.37% | 19.19% | 113.67% | — | |
| $86.22 | $28.49B | 183.45 | — | 5.89% | 17.22% | — | |
| $194.23 | $2.61B | 29.03 | 4.98% | 13.22% | 33.05% | — |
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)
Aug 11, 2026·SEC
Aug 5, 2026·SEC
Jul 21, 2026·SEC
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Super Micro Computer, Inc. (SMCI) stock FAQ — growth, dividends, profitability & financials explained
Super Micro Computer, Inc. (SMCI) reported $39.06B in revenue for fiscal year 2026. This represents a 18347% increase from $211.8M in 2005.
Super Micro Computer, Inc. (SMCI) grew revenue by 77.8% over the past year. This is strong growth.
Yes, Super Micro Computer, Inc. (SMCI) is profitable, generating $2.23B in net income for fiscal year 2026 (5.7% net margin).
Super Micro Computer, Inc. (SMCI) has a return on equity (ROE) of 21.5%. This is excellent, indicating efficient use of shareholder capital.
Super Micro Computer, Inc. (SMCI) had negative free cash flow of $6.97B in fiscal year 2026, likely due to heavy capital investments.
