Shares of Super Micro Computer Inc. (NASDAQ:SMCI) surged 9.08% during Wednesday’s pre-market trading session after the company reported record backlog entering fiscal 2027.
The company reported mixed fourth-quarter results after the bell on Tuesday, with adjusted earnings of $1.70 per share, beating estimates by 174%, while revenue of $11.12 billion fell short of the $12.33 billion forecast but nearly doubled year over year.
Super Micro forecasts fiscal 2027 revenue of $65 billion to $72 billion, well above Wall Street’s $52.5 billion average estimate, driven by strong demand for AI-optimized servers.
AI Demand, $60 Billion Orders Fuel Backlog Growth
CEO Charles Liang highlighted strong AI/IT demand, more enterprise customers, and $60 billion in new orders.
"As demand accelerates, we are improving profitability through a richer enterprise customer mix and broader adoption of our optimized Data Center Building Block Solutions (DCBBS) architecture," Liang added.
Super Micro Computer is entering fiscal 2027 with a record AI server backlog, but rapid GPU platform changes pose inventory risks. CFO David Weigand said the company limits exposure by securing noncancelable orders and closely matching component purchases with customer shipment schedules, while rising prices can help offset risks from older inventory.
Benzinga’s Edge Rankings place SMCI in the 90th percentile for quality and the 83rd percentile for value, reflecting its strong performance in both areas. Benzinga’s screener allows you to compare SMCI’s performance with its peers.
SMCI Price Action: On a year-to-date basis, SMCI climbed 2.07%, as per Benzinga Pro. On Tuesday, the stock climbed 0.45% to close at $31.60.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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