Super Micro Computer (NASDAQ:SMCI) Stock Price Down 2.2% - Here's What Happened

Key Points

• SMCI shares fell 2.2% to $36.58 in Wednesday trading, with volume below the average session level.
• Super Micro reported record quarterly revenue of $11.12 billion, up 93.2% year over year, and beat EPS estimates; however, revenue missed consensus expectations of approximately $11.60 billion.
• Strong AI infrastructure demand and more than $60 billion in new orders support the growth outlook, but investors remain concerned about competition, inventory execution, customer concentration, and legal and governance issues. Wall Street’s consensus rating is Hold, with an average price target of $42.13.

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price fell 2.2% during trading on Wednesday . The stock traded as low as $35.72 and last traded at $36.58. Approximately 35,156,170 shares traded hands during trading, a decline of 23% from the average session volume of 45,468,363 shares. The stock had previously closed at $37.41.

Key Headlines Impacting Super Micro Computer

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

• Positive Sentiment: Management reported record quarterly revenue of approximately $11.1 billion, up 93% year over year, and cited more than $60 billion in new orders. The company’s fiscal 2027 outlook reflects continued demand for AI infrastructure and data-center systems. Super Micro Computer Q4 2026 Earnings Call Transcript
• Positive Sentiment: Super Micro’s early availability of AI systems, liquid-cooling technology and full-stack data-center solutions could help it capture additional growth as hyperscalers and enterprises expand AI capacity. Can Leading AI Chip Collaborations Help SMCI Challenge HPE and DELL?
• Positive Sentiment: Analysts remain encouraged by nearly doubled sales, robust AI and data-center demand, expanded enterprise and CPU-focused products, and a broader “building block” approach to complete data-center solutions. Super Micro’s Q2 Earnings Call: Our Top 5 Analyst Questions
• Neutral Sentiment: The recent rally has been supported by AI demand and a record backlog, while valuation remains relatively low compared with some growth peers. However, investors are debating whether the gains can be sustained. SMCI Surges 67% in a Month: Time to Hold or Fold the Stock?
• Negative Sentiment: Quarterly revenue of $11.12 billion fell short of the approximately $11.60 billion consensus estimate, raising concerns about execution despite an earnings-per-share beat and strong year-over-year growth.
• Negative Sentiment: Investors remain concerned about inventory management, intense competition from Hewlett Packard Enterprise and Dell, customer concentration, and the company’s ability to convert its backlog into profitable sales. NVT vs. SMCI: Which Data Center Infrastructure Stock is a Better Buy?
• Negative Sentiment: Legal and governance overhangs continue to weigh on sentiment, contributing to profit-taking after the recent advance. Super Micro: Explosive Growth And Severe Valuation Discount Outweigh Legal Headwinds

Wall Street Analysts Forecast Growth

SMCI has been the subject of a number of research analyst reports. Mizuho set a $35.00 target price on Super Micro Computer and gave the stock a "neutral" rating in a research note on Wednesday, August 12th. Stifel Nicolaus set a $42.00 price objective on Super Micro Computer in a report on Wednesday, August 12th. Wolfe Research initiated coverage on Super Micro Computer in a report on Thursday, June 11th. They set a "peer perform" rating for the company. Citigroup increased their price target on shares of Super Micro Computer from $33.00 to $39.00 and gave the stock a "neutral" rating in a report on Wednesday, August 12th. Finally, Bank of America reissued an "underperform" rating on shares of Super Micro Computer in a research report on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $42.13.

Super Micro Computer Trading Down 2.2%

The stock has a market cap of $22.00 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 1.19 and a beta of 1.95. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.07 and a current ratio of 3.87. The company has a 50 day moving average of $30.02 and a two-hundred day moving average of $30.69.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.78. Super Micro Computer had a return on equity of 27.83% and a net margin of 5.71%.The business had revenue of $11.12 billion during the quarter, compared to analysts' expectations of $11.60 billion. During the same period in the previous year, the business earned $0.31 earnings per share. The business's revenue was up 93.2% compared to the same quarter last year. Super Micro Computer has set its Q1 2027 guidance at 1.010-1.100 EPS. Sell-side analysts anticipate that Super Micro Computer, Inc. will post 2.97 earnings per share for the current fiscal year.

Institutional Trading of Super Micro Computer

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Super Micro Computer in the 4th quarter valued at approximately $136,569,000. Assenagon Asset Management S.A. raised its position in shares of Super Micro Computer by 1,770.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,174,863 shares of the company's stock valued at $63,789,000 after buying an additional 2,058,588 shares during the period. 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 valued at $291,347,000 after buying an additional 1,738,749 shares during the period. Amundi lifted its holdings in Super Micro Computer by 188.8% in the fourth quarter. Amundi now owns 2,421,891 shares of the company's stock valued at $70,889,000 after acquiring an additional 1,583,229 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted its holdings in Super Micro Computer by 16.5% in the second quarter. Disciplined Growth Investors Inc. MN now owns 9,730,773 shares of the company's stock valued at $476,905,000 after acquiring an additional 1,381,046 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Super Micro Computer Company Profile

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.

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