Supermicro tops Q4 earnings expectations, offers strong Q1 guidance, stock jumps - Yahoo Finance

Supermicro (SMCI) shares jumped nearly 15% in early trading Wednesday, August 12, 2026, and closed up about 19% after Q4 results and an upbeat first-quarter forecast.
The AI server maker posted adjusted earnings of $1.70 per share on revenue of $11.1 billion, beating Wall Street's EPS estimate of $1.59 but narrowly missing the $11.2 billion sales consensus; a year earlier it earned $0.41 per share on $5.7 billion in revenue.
Investors focused on strong guidance, with Supermicro projecting Q1 net sales of $14.5 billion to $15.5 billion, far above the $11.9 billion analysts expected, while gross margins rose to 17.6% from 9.6% a year ago.
CEO Charles Liang cited more than $60 billion in new orders, several hundred new enterprise customers, and record backlog entering fiscal 2027, and previously said in June the company plans to help build a gigawatt-scale data center for SpaceX and xAI.
Despite the momentum, SMCI stock has lagged rivals over the past year, falling about 30% versus HPE's roughly 160% gain and Dell's more than 230% surge.
The company is raising up to $7 billion in equity-linked financing for its AI build-out and faces regulatory scrutiny, having launched an independent investigation in April after the DOJ indicted co-founder Yih-Shyan Liaw and two others over alleged export control violations, though Supermicro itself was not named as a defendant.