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Super Micro Computer (SMCI) Stock Price & Analysis

SMCI Stock Chart & Stats

$32.95-$1.48(-4.30%)
At close: 4:00 PM EDT
$30$35$40$453 Aug17 Aug31 Aug14 Sep28 Sep12 Oct26 Oct
Day’s Range
$31.33 - $33.17
52-Week Range
$19.48 - $53.01
Previous Close
$34.43
Volume
49.70M
Average Volume (3M)
35.28M
Market Cap
$21.65B
Enterprise Value
$26.57B
Total Cash (Recent Filing)
$7.52B
Total Debt (Recent Filing)
$6.68B
Price to Earnings (P/E)
9.0
Beta
2.97
Next Earnings
Nov 03, 2026 (Est.)
EPS Estimate
1.23
Next Dividend Ex-Date
N/A
Dividend Yield
N/A

Bulls Say, Bears Say

Bulls Say

Revenue Growth

Revenue reached $39.1 billion in FY26, up 78% year over year, while management targets $65–72 billion for FY27. This scale and continued profitability indicate strong demand for SMCI’s server platforms and provide a substantial base for further expansion.

AI Backlog

More than $60 billion of Q4 orders produced a record backlog, and management expects over 80% of future revenue to be AI-related. This supports multi-quarter visibility and aligns the company with a durable shift toward AI infrastructure spending.

Customer Diversification

Customer breadth improved as nine customers exceeded $1 billion of FY26 revenue versus four in FY25, while enterprise and channel revenue rose 172% year over year. A broader customer base can reduce reliance on a few hyperscalers and support more resilient growth.

Bears Say

Margin Compression

Gross margin fell from approximately 18% in 2023 to about 10.8% in 2026, while net margin declined from roughly 9% to 5.7%. Persistent compression can limit earnings conversion even as revenue grows, suggesting scale has not yet translated into stable profitability.

Cash Flow Volatility

FY26 operating cash flow was negative $6.8 billion after $1.66 billion positive in FY25, and free cash flow was deeply negative. Such working-capital absorption makes earnings less dependable and can constrain internally funded growth if the pattern persists.

Customer Concentration

One large data-center/CSP customer supplied 28% of FY26 revenue despite broader customer growth. This concentration leaves results exposed to changes in one relationship and can amplify timing or demand disruptions across future reporting periods.

Super Micro Computer News

SMCI FAQ

What was Super Micro Computer’s price range in the past 12 months?
Super Micro Computer lowest stock price was $19.48 and its highest was $53.01 in the past 12 months.
What is Super Micro Computer’s market cap?
Super Micro Computer’s market cap is $21.65B.
When is Super Micro Computer’s upcoming earnings report date?
Super Micro Computer’s next earnings report is estimated for Nov 03, 2026 (not yet confirmed), which is in 2 days.
How were Super Micro Computer’s earnings last quarter?
Super Micro Computer released its earnings results on Aug 11, 2026. The company reported $1.7 earnings per share for the quarter, beating the consensus estimate of $0.923 by $0.777.
Is Super Micro Computer overvalued?
According to Wall Street analysts Super Micro Computer’s price is currently Undervalued.
Does Super Micro Computer pay dividends?
Super Micro Computer does not currently pay dividends.
What is Super Micro Computer’s EPS estimate?
Super Micro Computer’s EPS estimate is 1.23.
How many shares outstanding does Super Micro Computer have?
Super Micro Computer has 656,965,400 shares outstanding.
What happened to Super Micro Computer’s price movement after its last earnings report?
Super Micro Computer reported an EPS of $1.7 in its last earnings report, beating expectations of $0.923. Following the earnings report the stock price went up 19.019%.
Which hedge fund is a major shareholder of Super Micro Computer?
Hedge funds hold Super Micro Computer shares: the largest hedge-fund position in Super Micro Computer is 71,886,696 shares, and hedge funds increased their holdings by 4.5M shares last quarter.
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology