Super Micro Computer Inc. (NASDAQ:SMCI) shares are trading higher in sympathy with Dell Technologies Inc. (NYSE:DELL), which reported second-quarter fiscal-year 2027 results yesterday after market close.
- Super Micro Computer stock is gaining positive traction. What’s driving SMCI shares up?
Dell Upbeat Q2 Results
Dell reported record revenue of $47.0 billion, up 58% year-over-year, with record diluted EPS of $6.34, up 273% year-over-year. The company’s Infrastructure Solutions Group posted record AI-optimized server revenue of $16.4 billion, up 100% year-over-year, on a record $60.9 billion in AI server orders and a record $95 billion backlog. Dell raised its full-year fiscal 2027 revenue guidance by $25 billion to $192.0 billion, up nearly 70% year-over-year.
Why It Matters for Super Micro
Dell’s results serve as a bellwether for the broader AI server market, and its record AI server bookings and backlog suggest demand for AI infrastructure remains robust heading into the back half of the year. Super Micro competes directly with Dell in the AI server hardware space, and Dell’s strong print is being read by investors as a positive read-through for industry-wide AI server demand — a dynamic that tends to lift Super Micro in sympathy on days when a close peer posts strong results.
Super Micro Shares Trend Higher
SMCI Price Action: At the time of publication, Super Micro shares are trading 2.42% higher at $37.60, according to data from Benzinga Pro.
Image via Shutterstock
Login to comment