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Investing.com - Super Micro Computer (NASDAQ:SMCI), which has seen its stock surge over 71% year-to-date according to InvestingPro data, announced preliminary September quarter revenue of approximately $5 billion, falling short of its previous guidance of $6-7 billion and consensus estimates of $6.5 billion.
Despite the revenue miss, Super Micro Computer maintained its fiscal 2026 revenue forecast of approximately $33 billion, which exceeds the consensus estimate of $32.3 billion. The company cited strong design wins in the September quarter as the basis for its confidence. InvestingPro analysis shows the company maintains a "GREAT" overall financial health score of 3.37 out of 4, suggesting solid fundamental strength despite near-term challenges.
Super Micro Computer reported approximately $12 billion in design wins during the quarter, with some September quarter revenue shifting to the December quarter as customers sought to secure future deliveries. Demand remains strong for NVIDIA GB300, B300, and RTX Pro products, while AMD MI355X servers have also begun shipping.
Mizuho maintained its Neutral rating and $50 price target on Super Micro Computer stock, noting that while design wins were strong, competitor Dell is gaining market share in the Tier-2 cloud service provider and Enterprise AI Server markets.
Dell’s advantages include significant deployments at Oracle Cloud Infrastructure, xAI, and Crowdstrike, along with superior financing options and "10x services/support" capabilities, according to Mizuho’s analysis.
In other recent news, Super Micro Computer, Inc. reported preliminary first-quarter fiscal 2026 revenue of approximately $5 billion, which fell short of its previous guidance range of $6 billion to $7 billion. The company attributed this revenue shortfall to design win upgrades that delayed some expected revenue into the second quarter. Despite this, Supermicro announced securing new design wins exceeding $12 billion, with deliveries requested for the second quarter of fiscal 2026. In addition, Supermicro unveiled a new 6U MicroBlade server solution powered by AMD EPYC 4005 series processors, aimed at cloud service providers seeking higher density computing solutions. The company also launched its Data Center Building Block Solutions (DCBBS), offering a complete data center infrastructure from a single vendor, including servers, storage, and cooling infrastructure. Raymond James maintained its Outperform rating on Supermicro’s stock, despite the recent revenue warning. The company’s new business initiatives and secured orders highlight its strategic focus on expanding its market presence.
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