Super Micro Computer stock rises as AI backlog reaches $60 billion
Published on 09/22/2026 at 13:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Super Micro Computer stock closed at USD 39.09 on Nasdaq on September 18, 2026, while the company entered fiscal 2027 with more than USD 60 billion in new orders. The market data also show a 52-week range of USD 19.48 to USD 58.78 and a market capitalization of USD 25.68 billion.
AI orders reshape the outlook
According to The Globe and Mail on September 21, 2026, Super Micro Computer generated fiscal 2026 revenue of USD 39.1 billion, nearly twice the prior-year level. The same report said fourth-quarter fiscal 2026 orders exceeded USD 60 billion, lifting the backlog to a record level entering fiscal 2027.
The revenue mix is changing with the order book. AI solutions represented about 60 percent of fourth-quarter fiscal 2026 revenue, while management expects AI-related solutions to exceed 80 percent of revenue going forward, according to The Globe and Mail on September 21, 2026. That comparison matters because the backlog is expanding faster than the current AI share of sales.
Guidance carries a wide range
For first-quarter fiscal 2027, the company expects net sales of USD 14.5 billion to USD 15.5 billion and non-GAAP adjusted earnings of USD 1.01 to USD 1.10 per share. The projected non-GAAP gross margin is 10.4 percent to 10.8 percent, according to The Globe and Mail on September 21, 2026.
Full-year fiscal 2027 sales guidance of USD 65 billion to USD 72 billion compares with USD 39.1 billion in fiscal 2026. The upper end therefore represents an increase of USD 32.9 billion, or about 84.1 percent, if achieved. The company also expects AI demand from enterprise, sovereign AI, NeoCloud and agentic AI customers to support the range, according to The Globe and Mail on September 21, 2026.
Margins remain the counterweight
Market data from MarketBeat show a consensus price target of USD 42.13 and a Hold rating based on 18 analysts as of September 21, 2026. The target is USD 3.04 above the September 18 closing price, equivalent to 7.8 percent upside, while the 52-week high remains USD 58.78.
The margin question is central because the sales outlook requires rapid execution. A separate September 21 report from Yahoo Finance said that 75 percent of the fourth-quarter margin increase was described as non-recurring and that the first-quarter fiscal 2027 gross-margin guide is 10.4 percent to 10.8 percent. The report also cited fiscal 2026 operating cash flow of negative USD 6.81 billion and a 149-day cash conversion cycle.
Stock remains below yearly high
Super Micro Computer stock has gained 33.5 percent since the beginning of 2026, rising from USD 29.27 to the September 18 closing price of USD 39.09. The stock nevertheless remains USD 19.69, or 33.5 percent, below its 52-week high of USD 58.78, leaving execution and margin conversion as the key measures for the next reported quarter.
On Nasdaq, Super Micro Computer stock closed at USD 39.09 on September 18, 2026. MarketBeat listed volume at 47.96 million shares, compared with average volume of 35.96 million shares, and market capitalization at USD 25.68 billion.
Super Micro Computer stock at a glance
- Company: Super Micro Computer, Inc.
- ISIN: US86800U1043
- Ticker: SMCI
- Trading venue: Nasdaq
- Price as of September 18, 2026, 4:00 p.m. Eastern: USD 39.09
- Market capitalization: USD 25.68 billion as of September 18, 2026
- Sector / Industry: Technology / Technology Hardware, Storage and Peripherals
