Super Micro Computer (NASDAQ:SMCI) Updates Q3 2026 Earnings Guidance

Super Micro Computer (NASDAQ:SMCI) updated its third quarter 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.600- for the period, compared to the consensus estimate of 0.510. The company issued revenue guidance of $12.3 billion-, compared to the consensus revenue estimate of $10.2 billion. Super Micro Computer also updated its FY 2026 guidance to EPS.

Analyst Upgrades and Downgrades

SMCI has been the subject of a number of recent analyst reports. Needham & Company LLC lowered their price target on Super Micro Computer from $51.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday. Zacks Research raised Super Micro Computer from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Sanford C. Bernstein dropped their price target on Super Micro Computer from $46.00 to $42.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. Argus set a $64.00 price target on shares of Super Micro Computer in a report on Thursday, November 6th. Finally, Wedbush decreased their price objective on shares of Super Micro Computer from $48.00 to $42.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $45.19.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock opened at $33.91 on Wednesday. The business has a fifty day simple moving average of $31.36 and a two-hundred day simple moving average of $41.39. The firm has a market capitalization of $20.24 billion, a P/E ratio of 27.41, a P/E/G ratio of 0.61 and a beta of 1.53. The company has a current ratio of 5.39, a quick ratio of 2.95 and a debt-to-equity ratio of 0.72. Super Micro Computer has a 12 month low of $27.60 and a 12 month high of $66.44.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.20. Super Micro Computer had a net margin of 3.77% and a return on equity of 12.70%. The company had revenue of $12.68 billion during the quarter, compared to analyst estimates of $10.34 billion. During the same period last year, the business earned $0.51 EPS. Super Micro Computer’s quarterly revenue was up 123.4% compared to the same quarter last year. Super Micro Computer has set its Q3 2026 guidance at 0.600- EPS. On average, equities analysts forecast that Super Micro Computer will post 1.86 earnings per share for the current fiscal year.

Key Stories Impacting Super Micro Computer

Here are the key news stories impacting Super Micro Computer this week:

• Positive Sentiment: Q2 beat — SMCI reported revenue of about $12.7B and EPS of $0.69, materially above Street estimates, with net income of ~$401M; the results show strong AI-driven demand. Supermicro Announces Second Quarter Fiscal Year 2026 Financial Results
• Positive Sentiment: Raised guidance — SMCI lifted Q3 revenue and EPS guidance (Q3 EPS ~0.60 vs. consensus ~0.51; Q3 revenue guided above Street view) and increased FY revenue outlook, signaling management sees continued AI/server momentum. Super Micro Computer raises annual revenue forecast amid strong demand for its servers
• Positive Sentiment: Market reaction and analyst support — The stock rallied in extended trading and multiple outlets describe the report as confirming the bullish AI case; Rosenblatt and other firms reiterated buy ratings. Super Micro Computer jumps as AI-led demand fuels huge revenue beat
• Neutral Sentiment: Analyst price-target reset — Needham cut its price target from $51 to $40 but kept a Buy rating; that narrows upside expectations even as the rating remains positive. Benzinga – Needham price target note
• Neutral Sentiment: Full disclosures and transcript — Earnings call transcript and slide deck are available for investors who want management detail on bookings, channel inventory and product mix. SMCI Q2 2026 earnings call transcript
• Negative Sentiment: Margin pressure — Gross margin compressed sequentially (reported ~6.3%), raising questions about profitability sustainability even as top-line growth surges. SMCI Stock Rallies 11% as AI Boom Boosts Earnings. This Remains a Worry for Super Micro.
• Negative Sentiment: Operational risks flagged — Analysts and previews noted inventory and cash‑flow strains and “credibility” concerns that could amplify volatility despite the beat. SMCI earnings preview: credibility on trial

Institutional Trading of Super Micro Computer

A number of institutional investors and hedge funds have recently modified their holdings of SMCI. CIBC Private Wealth Group LLC raised its holdings in shares of Super Micro Computer by 11.8% during the third quarter. CIBC Private Wealth Group LLC now owns 3,206 shares of the company’s stock valued at $154,000 after purchasing an additional 339 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Super Micro Computer during the 3rd quarter valued at $3,326,000. Sunbelt Securities Inc. lifted its holdings in shares of Super Micro Computer by 26.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,870 shares of the company’s stock valued at $90,000 after buying an additional 390 shares during the period. Captrust Financial Advisors grew its holdings in shares of Super Micro Computer by 12.7% in the third quarter. Captrust Financial Advisors now owns 403,083 shares of the company’s stock worth $19,324,000 after acquiring an additional 45,526 shares during the period. Finally, Danske Bank A S purchased a new stake in Super Micro Computer during the third quarter valued at $11,375,000. Institutional investors own 84.06% of the company’s stock.

About Super Micro Computer

Super Micro Computer, Inc (Supermicro) is a technology company that designs, develops and manufactures high-performance server, storage and networking solutions for enterprise, cloud, data center, high performance computing (HPC) and edge computing customers. The company’s product portfolio includes rackmount and blade servers, storage subsystems, motherboards, chassis, power supplies and networking components, with an emphasis on high-density, energy-efficient configurations and platforms optimized for GPU-accelerated workloads and artificial intelligence applications.

Headquartered in San Jose, California, Supermicro combines in-house engineering with a global manufacturing and distribution footprint to deliver configurable, application-specific systems.