Super Micro Computer (NASDAQ:SMCI) Updates Q1 2027 Earnings Guidance

Super Micro Computer (NASDAQ:SMCI) updated its first quarter 2027 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.010-1.100 for the period, compared to the consensus estimate of 0.720. The company issued revenue guidance of $14.5 billion-$15.5 billion, compared to the consensus revenue estimate of $12.0 billion. Super Micro Computer also updated its FY 2027 guidance to EPS.

Super Micro Computer Trading Up 19.0%

NASDAQ SMCI opened at $37.61 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.29 and a current ratio of 2.66. The firm has a market cap of $22.62 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.37 and a beta of 1.95. The firm has a 50 day simple moving average of $30.39 and a 200-day simple moving average of $30.48. Super Micro Computer has a one year low of $19.48 and a one year high of $58.78.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Tuesday, August 11th. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.78. The firm had revenue of $11.12 billion for the quarter, compared to the consensus estimate of $11.60 billion. Super Micro Computer had a net margin of 5.71% and a return on equity of 31.02%. The firm’s revenue for the quarter was up 93.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. Super Micro Computer has set its Q1 2027 guidance at 1.010-1.100 EPS. Equities research analysts anticipate that Super Micro Computer will post 2.97 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on SMCI shares. The Goldman Sachs Group reiterated a “sell” rating and issued a $34.00 price objective (up from $30.00) on shares of Super Micro Computer in a research note on Wednesday. Stifel Nicolaus set a $42.00 target price on Super Micro Computer in a research note on Wednesday. Raymond James Financial restated an “outperform” rating and set a $48.00 price target on shares of Super Micro Computer in a report on Wednesday. JPMorgan Chase & Co. increased their price target on Super Micro Computer from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Super Micro Computer in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Super Micro Computer currently has an average rating of “Hold” and an average price target of $41.80.

Key Stories Impacting Super Micro Computer

Here are the key news stories impacting Super Micro Computer this week:

• Positive Sentiment: Strong fiscal 2027 outlook: Supermicro forecast fiscal 2027 revenue of $65 billion to $72 billion, well above the roughly $53.1 billion analyst consensus. First-quarter revenue guidance of $14.5 billion to $15.5 billion also exceeded expectations, reinforcing confidence in sustained AI infrastructure spending. Super Micro forecasts upbeat annual revenue
• Positive Sentiment: Large earnings beat and margin rebound: Fiscal fourth-quarter adjusted EPS was $1.70, versus approximately $0.92 expected, while revenue rose 93.2% year over year to $11.12 billion. Gross margin reached about 17.5% to 17.6%, significantly above prior guidance, and quarterly profit surged. Super Micro Stock Surges as Earnings Smash Expectations and Revive AI Hope
• Positive Sentiment: Record demand and customer diversification: The company reported more than $60 billion in new orders and a book-to-bill ratio above 5x. Growth in enterprise and channel sales suggests Supermicro is expanding beyond lower-margin hyperscaler business, potentially improving profitability. Super Micro Computer’s $60 Billion Signal Changes the AI Story
• Positive Sentiment: Wall Street turned more constructive: Rosenblatt raised its price target to $51 and Needham maintained a Buy rating with a $46 target. Citi and Wedbush also lifted targets, though both retained Neutral ratings. The outlook additionally provided a favorable read-through for AI suppliers and partners including Nvidia, Dell and memory makers.
• Neutral Sentiment: Revenue missed the quarterly estimate: Fourth-quarter sales of $11.1 billion were below expectations of roughly $11.55 billion to $11.60 billion, reportedly because infrastructure-readiness delays pushed some customer deployments into later periods. Super Micro Guided Fiscal 2027 Revenue $16 Billion Above Wall Street and Missed the Quarter Anyway
• Negative Sentiment: Margin and dilution risks remain: Management’s first-quarter gross-margin outlook falls to approximately 10.4% to 10.8%, and higher share count following a roughly $7 billion equity and convertible financing could pressure per-share earnings. Investors also remain concerned about inventory exposure if large orders are delayed or canceled and about the lack of a clear free-cash-flow commitment.

Institutional Trading of Super Micro Computer

A number of hedge funds and other institutional investors have recently bought and sold shares of SMCI. Invesco Ltd. raised its position in shares of Super Micro Computer by 21.2% during the 4th quarter. Invesco Ltd. now owns 9,953,780 shares of the company’s stock worth $291,347,000 after acquiring an additional 1,738,749 shares in the last quarter. Vident Advisory LLC raised its holdings in Super Micro Computer by 46.6% during the fourth quarter. Vident Advisory LLC now owns 383,828 shares of the company’s stock worth $11,235,000 after purchasing an additional 121,992 shares in the last quarter. Beacon Pointe Advisors LLC raised its holdings in Super Micro Computer by 20.4% during the fourth quarter. Beacon Pointe Advisors LLC now owns 7,006 shares of the company’s stock worth $205,000 after purchasing an additional 1,186 shares in the last quarter. Strong Retirement Solutions LLC purchased a new stake in shares of Super Micro Computer during the 4th quarter worth approximately $357,000. Finally, Empowered Funds LLC grew its position in shares of Super Micro Computer by 13.5% in the 4th quarter. Empowered Funds LLC now owns 13,412 shares of the company’s stock valued at $393,000 after buying an additional 1,597 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

About Super Micro Computer

Super Micro Computer, Inc (Supermicro) is a technology company that designs, develops and manufactures high-performance server, storage and networking solutions for enterprise, cloud, data center, high performance computing (HPC) and edge computing customers. The company’s product portfolio includes rackmount and blade servers, storage subsystems, motherboards, chassis, power supplies and networking components, with an emphasis on high-density, energy-efficient configurations and platforms optimized for GPU-accelerated workloads and artificial intelligence applications.

Headquartered in San Jose, California, Supermicro combines in-house engineering with a global manufacturing and distribution footprint to deliver configurable, application-specific systems.