Super Micro Computer (NASDAQ:SMCI) Updates Q4 2026 Earnings Guidance

Key Points

• Super Micro updated Q4 2026 guidance, giving EPS of $0.650–$0.790 (consensus $0.550) and revenue $11.0B–$12.5B (consensus $11.4B), with the EPS guide notably above Street expectations and the revenue range encompassing the consensus.
• Its most recent quarter showed mixed results: EPS of $0.84 beat the $0.63 estimate, but revenue of $10.24B missed the $12.39B consensus, implying margin/earnings resilience despite top‑line weakness.
• Market and analyst backdrop is cautious—SMCI trades around $27.83 with a $16.7B market cap, analysts have trimmed price targets and the consensus rating is "Hold" (avg target $35.64), while governance and securities‑fraud lawsuits create additional uncertainty.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) updated its fourth quarter 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.650-0.790 for the period, compared to the consensus earnings per share estimate of 0.550. The company issued revenue guidance of $11.0 billion-$12.5 billion, compared to the consensus revenue estimate of $11.4 billion.

Super Micro Computer Stock Down 0.3%

SMCI traded down $0.09 on Tuesday, reaching $27.83. 36,321,197 shares of the company traded hands, compared to its average volume of 35,289,770. The stock's 50 day moving average price is $27.67 and its 200-day moving average price is $32.76. Super Micro Computer has a 52-week low of $19.48 and a 52-week high of $62.36. The company has a market cap of $16.67 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 0.51 and a beta of 1.69. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 1.01.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.21. Super Micro Computer had a net margin of 3.11% and a return on equity of 13.22%. The firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $12.39 billion. Super Micro Computer has set its Q4 2026 guidance at 0.650-0.790 EPS. On average, sell-side analysts expect that Super Micro Computer will post 1.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SMCI has been the topic of a number of research analyst reports. Needham & Company LLC lowered their price objective on shares of Super Micro Computer from $51.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, February 4th. Bank of America lowered their price objective on shares of Super Micro Computer from $34.00 to $24.00 and set an "underperform" rating on the stock in a research report on Tuesday, March 24th. Citigroup lowered their price objective on shares of Super Micro Computer from $39.00 to $25.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 24th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Super Micro Computer in a research report on Friday, March 27th. Finally, CJS Securities reaffirmed a "market underperform" rating on shares of Super Micro Computer in a research report on Friday, March 20th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $35.64.

Trending Headlines about Super Micro Computer

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

• Positive Sentiment: Company announced an expanded AI infrastructure lineup, which could support near‑term revenue growth and help reassure investors focused on AI-driven demand. Super Micro Computer Expands AI Infrastructure Lineup As Market Awaits Earnings
• Neutral Sentiment: Q3 earnings are due after the close; the company "has a lot to prove" on revenue mix, margins and guidance — this is the main near‑term catalyst and will likely drive volatility. Super Micro Computer Has a Lot to Prove When Reporting Earnings
• Neutral Sentiment: Analysts are reworking growth and risk assumptions for SMCI as expectations shift ahead of the print — updates could result in revisions to estimates and recommendations. Why The Super Micro Computer (SMCI) Story Is Shifting As Analysts Rework Growth And Risk
• Negative Sentiment: Multiple law firms have filed or are soliciting clients for securities‑fraud class actions covering purchases between Apr 30, 2024 and Mar 19, 2026; several firms are urging investors to seek lead‑plaintiff status before the May 26 deadline — this legal overhang increases uncertainty, potential liability, and investor risk. ROSEN, SKILLED INVESTOR COUNSEL, Encourages Super Micro Computer, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SMCI
• Negative Sentiment: A critical sell note argues material revenue risk (including a cited large Oracle contract cancellation) and governance/operational headwinds — such commentary can prompt downgrades, higher volatility and short‑term selling pressure. Super Micro Computer: Get Out Before Earnings
• Negative Sentiment: Wedbush highlights renewed uncertainty around governance ahead of earnings; governance concerns often weigh on multiples and investor confidence. Super Micro Computer Faces Uncertainty Over Governance Issue, Wedbush Says

Institutional Trading of Super Micro Computer

Several large investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC grew its position in Super Micro Computer by 11.8% in the third quarter. CIBC Private Wealth Group LLC now owns 3,206 shares of the company's stock worth $154,000 after acquiring an additional 339 shares in the last quarter. Sunbelt Securities Inc. grew its position in Super Micro Computer by 26.4% in the third quarter. Sunbelt Securities Inc. now owns 1,870 shares of the company's stock worth $90,000 after acquiring an additional 390 shares in the last quarter. Triumph Capital Management grew its position in Super Micro Computer by 6.1% in the third quarter. Triumph Capital Management now owns 8,700 shares of the company's stock worth $417,000 after acquiring an additional 500 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of Super Micro Computer by 6.9% during the 4th quarter. Principal Securities Inc. now owns 8,287 shares of the company's stock worth $243,000 after buying an additional 538 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Super Micro Computer by 1.0% during the 3rd quarter. Franklin Resources Inc. now owns 60,619 shares of the company's stock worth $2,906,000 after buying an additional 589 shares during the period. 84.06% of the stock is owned by institutional investors.

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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