NEW YORK — Super Micro Computer Inc. (SMCI) gained nearly 10 percent in after-hours trading after reporting fourth-quarter fiscal 2026 earnings that crushed Wall Street's profit estimate and paired them with guidance that blew past Street revenue forecasts.
The company posted adjusted earnings of $1.70 per share, nearly doubling the consensus estimate of 92 cents. Revenue reached $11.1 billion, a 91 percent increase year-over-year but short of the $11.6 billion Street estimate. Net income climbed to $1.18 billion, up from $483 million the prior quarter and $195 million a year ago.
Gross margin expanded to 17.6 percent, above the 15 percent to 17 percent range Super Micro forecast last month when it released preliminary results. That preliminary range itself was a sharp improvement from an earlier forecast of 8.2 percent to 8.4 percent.
Chief Executive Charles Liang said the company booked more than $60 billion in new orders over the past year and added several hundred enterprise customers. Supply of high-density server configurations remains tight, giving Super Micro pricing power that has helped drive margin expansion.
For fiscal 2027, Super Micro is targeting revenue of $65 billion to $72 billion, well above the Street's $53 billion forecast.
Industry analyst Holger Mueller called the quarter "absolutely stellar" and cited the "impressive backlog" as evidence of durable enterprise demand.
Wall Street carries a consensus Hold rating on SMCI—three Buy, eight Hold and one Sell over the past three months—with an average price target of $38.40. Options pricing implied a swing of up to 12 percent by week's end.
