Super Micro Computer announced a substantial increase to its first quarter fiscal 2027 revenue outlook, now guiding to $18.5 billion to $19.5 billion for the period ending September 30—a $4 billion upward revision from its prior August guidance of $14.5 billion to $15.5 billion.
The company attributed the increase to heightened demand for artificial intelligence platforms. Super Micro shares rose 9 percent Wednesday following the announcement.
For investors holding Nvidia long, this matters: Super Micro is the primary builder of the server and rack systems that house Nvidia's Blackwell chips in AI data centers. Nvidia's stock trades near $221.97, up 2.5 percent today, but remains approximately 8 percent below its record close of $239.24 set October 6.
Super Micro's fiscal 2026 annual report highlighted Nvidia's Blackwell and Blackwell Ultra platforms as leading components in its AI product lineup. The company also stated it expanded manufacturing for rack-scale systems supporting Nvidia's next platform, Vera Rubin. Last November, Super Micro reported an order book exceeding $13 billion for Blackwell Ultra systems.
While Super Micro sells systems built on rival chips and does not disclose revenue derived specifically from Nvidia hardware, Nvidia's Blackwell systems appear to be its primary AI offering.
The scale of growth is stark: Super Micro's new revenue midpoint of $19 billion is nearly four times the $5.0 billion reported in the year-ago quarter and marks a 71 percent increase from the $11.1 billion posted in fiscal Q4—itself a quarter that nearly doubled year over year.
Super Micro now expects gross margin of 12 percent to 12.5 percent, up from its prior outlook of 10.4 percent to 10.8 percent and 9.3 percent a year prior. The company credited the improvement to favorable customer and product mix. These figures are preliminary and unaudited, with full results slated for November 3.
Here is what matters for Nvidia forecasting: Nvidia's fiscal third quarter began July 27, meaning August and September fall within both companies' reporting periods. Nvidia guided $108.0 billion, plus or minus 2 percent, for its fiscal third quarter.
Super Micro's upgraded figures suggest demand for AI systems through September was considerably stronger than what one of Nvidia's major system builders had forecasted in August. This aligns with Nvidia's recent track record of beating its own guidance by expanding margins. For fiscal Q1, Nvidia guided $78.0 billion and reported $81.6 billion—a $3.6 billion beat. In fiscal Q2, it guided $91.0 billion and posted $96.2 billion—a $5.2 billion beat.
While one server maker's quarter does not definitively determine Nvidia's overall results, Super Micro's significant upgrade provides a strong signal for underlying AI infrastructure demand across Nvidia's diverse customer base of cloud providers and system builders.
