Key facts
- Super Micro Computer forecasts fiscal 2027 revenue between $65 billion and $72 billion.
- The forecast exceeds Wall Street expectations of $52.50 billion.
- Fourth-quarter revenue was $5.8 billion, below analysts' estimates.
- Adjusted earnings per share for the fourth quarter were $0.41, missing consensus.
- Super Micro Computer guided for fiscal 2026 revenue of at least $33 billion.
- AI cloud company CoreWeave reported second-quarter revenue of $2.58 billion, exceeding estimates.
Super Micro Computer Inc. has forecast fiscal 2027 revenue to be between $65 billion and $72 billion, significantly surpassing Wall Street's expectations of $52.50 billion. This optimistic outlook is driven by sustained strong demand for the company's AI-optimized servers.
Despite the strong forward guidance, the company reported fourth-quarter results that missed analyst estimates. Revenue for the quarter ended June 30 was $5.8 billion, a 7% increase from the previous year but below the average estimate of $5.99 billion. Adjusted earnings per share came in at $0.41, missing the consensus estimate of $0.44, representing a 24% year-over-year decline. Net income fell 34% to $195 million, and gross margin narrowed by 70 basis points to 9.5%. However, operating cash flow remained robust at $864 million.
For fiscal year 2026, Super Micro Computer guided for revenue of at least $33 billion, exceeding analysts' expectations of $30.03 billion. The company also provided a current quarter revenue expectation between $6 billion and $7 billion, with non-GAAP EPS projected between $0.40 and $0.52, both below estimates. CEO Charles Liang highlighted the company's progress in AI solutions and its strategy to expand its large-scale datacenter customer base from four in fiscal 2025 to as many as eight in fiscal 2026, emphasizing the value of its Datacenter Building Block Solutions for faster deployment times.
Separately, AI cloud company CoreWeave edged past Wall Street estimates for quarterly revenue, driven by strong demand for its computing services that power AI systems. The company reported total revenue of $2.58 billion for the second quarter ended June, compared with analysts' average estimate of $2.56 billion. CoreWeave's technology and infrastructure expenses surged 125% to $1.51 billion in the quarter.