On October 20, 2026, Super Micro Computer announced preliminary financial results for the first fiscal quarter ending September 30. The company now projects revenue between $18.5 billion and $19.5 billion, significantly exceeding its previous forecast of $14.5 billion to $15.5 billion and the analyst consensus of approximately $15 billion.
Following the announcement, Super Micro shares rose by 12% to 16% in after-hours trading, up from a regular session closing price of $32.47. The company attributed this growth to high demand for AI server solutions used by enterprises and hyperscalers for training and running artificial intelligence models.
Super Micro also increased its gross margin outlook to a range of 12% to 12.5%, compared to the prior estimate of 10.4% to 10.8%. The company cited a favorable product and customer mix as the primary driver for this improvement and noted a record order backlog.
For the 2027 fiscal year, the company established revenue targets between $65 billion and $72 billion. The positive update also impacted the broader market, with shares of competitors Dell Technologies and Hewlett Packard Enterprise rising by more than 5%, alongside gains for Nvidia.
