Super Micro Computer (NASDAQ:SMCI) Updates Q3 2026 Earnings Guidance

Key Points

• Q3 2026 guidance beat Street expectations: Super Micro guided to roughly $0.60 EPS versus the $0.51 consensus and to about $12.3 billion in revenue versus the $10.2 billion consensus, signaling stronger-than-expected near-term demand.
• AI-driven strength but margin and analyst uncertainty remain: The company posted a blowout Q2 (revenue ~$12.7B, EPS $0.69) and raised its annual revenue outlook on robust demand for AI-optimized servers, yet gross-margin compression and mixed analyst ratings (consensus "Hold", average target $46.19) highlight execution and profitability risks.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) updated its third quarter 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.600- for the period, compared to the consensus earnings per share estimate of 0.510. The company issued revenue guidance of $12.3 billion-, compared to the consensus revenue estimate of $10.2 billion. Super Micro Computer also updated its FY 2026 guidance to EPS.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Argus set a $64.00 price objective on Super Micro Computer in a research report on Thursday, November 6th. Sanford C. Bernstein lowered their target price on shares of Super Micro Computer from $46.00 to $42.00 and set a "market perform" rating for the company in a research note on Wednesday, November 5th. Citigroup cut their price target on shares of Super Micro Computer from $48.00 to $39.00 and set a "neutral" rating on the stock in a report on Tuesday, January 20th. KGI Securities raised shares of Super Micro Computer from a "neutral" rating to an "outperform" rating and set a $60.00 price target on the stock in a research note on Wednesday, November 5th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Super Micro Computer from $43.00 to $40.00 and set a "neutral" rating for the company in a report on Wednesday, November 5th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Super Micro Computer presently has an average rating of "Hold" and a consensus target price of $46.19.

Super Micro Computer Stock Down 0.1%

Shares of Super Micro Computer stock traded down $0.04 during trading on Tuesday, hitting $29.67. 40,159,999 shares of the stock traded hands, compared to its average volume of 32,263,748. The company has a current ratio of 5.39, a quick ratio of 2.95 and a debt-to-equity ratio of 0.72. The stock's fifty day simple moving average is $31.42 and its 200 day simple moving average is $41.54. The firm has a market cap of $17.71 billion, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 0.60 and a beta of 1.54. Super Micro Computer has a 52-week low of $27.35 and a 52-week high of $66.44.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its earnings results on Tuesday, November 4th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.11). The business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $6.48 billion. Super Micro Computer had a return on equity of 12.70% and a net margin of 3.77%.The firm's revenue was down 15.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.73 earnings per share. On average, equities analysts predict that Super Micro Computer will post 1.86 earnings per share for the current fiscal year.

More Super Micro Computer News

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

• Positive Sentiment: Blowout Q2 results — Revenue surged to $12.68B (more than double year-ago) and GAAP net income was about $401M; EPS of $0.69 easily beat consensus, showing strong demand for AI-optimized servers. Super Micro Computer Posts Higher Second-Quarter Profit on Two-Fold Sales Boost
• Positive Sentiment: Management raised its annual revenue forecast, citing continued robust demand for AI servers and data‑center expansion — a bullish signal for forward growth expectations. Super Micro Computer raises annual revenue forecast amid strong demand for its servers
• Positive Sentiment: Shares rallied in extended trading on the earnings beat and guidance lift, reflecting investor enthusiasm for SMCI’s AI-server momentum. Super Micro Stock Climbs After Q2 Earnings: Here's Why
• Positive Sentiment: Analyst support: some brokers reaffirmed buy ratings and raised targets after the print (e.g., Rosenblatt’s $55 target), which could sustain upside if execution continues. Benzinga coverage of analyst actions
• Neutral Sentiment: Company published its official press release, slide deck and conference materials for the quarter — useful for drilling into product mix, customer wins and the AI portfolio. View Press Release / Slide Deck
• Neutral Sentiment: Pre-earnings analyst previews flagged both upside from AI-GPU traction and downside sensitivity to margins and supply-chain dynamics — the print resolved some uncertainty but left margin questions. Super Micro Computer earnings preview
• Negative Sentiment: Gross-margin compression: gross margin declined versus prior periods (company reported lower margins vs. year-ago), which could pressure profitability if mix or pricing weakens. Supermicro Announces Second Quarter Fiscal Year 2026 Financial Results
• Negative Sentiment: Reputational and execution scrutiny remains — some commentary ahead of results framed credibility and inventory/cash‑flow strains as risks; investors will watch guidance detail and quarterly cadence for signs of normalization. Super Micro earnings preview: credibility on trial

Institutional Trading of Super Micro Computer

A number of hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. purchased a new position in shares of Super Micro Computer in the 1st quarter valued at $39,000. iSAM Funds UK Ltd purchased a new stake in shares of Super Micro Computer during the 3rd quarter worth $63,000. MUFG Securities EMEA plc bought a new stake in Super Micro Computer during the second quarter valued at about $74,000. Sunbelt Securities Inc. grew its stake in Super Micro Computer by 26.4% in the third quarter. Sunbelt Securities Inc. now owns 1,870 shares of the company's stock valued at $90,000 after purchasing an additional 390 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in Super Micro Computer by 221.1% in the third quarter. Brown Brothers Harriman & Co. now owns 2,087 shares of the company's stock valued at $100,000 after purchasing an additional 1,437 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

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.

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