Super Micro Guides to $65-72 Billion Revenue on AI Backlog

Super Micro Computer shares rose 11.2% following fiscal fourth-quarter results and a fiscal 2027 revenue forecast of $65 billion to $72 billion. Fourth-quarter revenue of $11.1 billion came in below Wall Street expectations, while adjusted earnings of $1.70 per share beat the $0.96 consensus.

The company pointed to a backlog exceeding $60 billion as the basis for its guidance, reflecting demand for AI server infrastructure. Shares traded between $38.73 and $40.60 on August 16, closing the session at $39.92.

Analyst sentiment remains divided despite the guidance. Coverage breaks down as two strong buys, three buys, eleven holds, two sells and one strong sell. The stock has declined over the past three months, though some analysts argue the current valuation understates the company's position in AI infrastructure.