By Kelly Cloonan
Super Micro Computer plans to raise $7 billion in a series of equity offerings in an effort to fulfill orders for its advanced artificial intelligence servers.
The server maker said Tuesday it is planning $5 billion of underwritten public offerings, including about $1.25 billion of common stock and about $3.75 billion of depositary shares, as well as an up to $2 billion at-the-market offering of common stock. The offerings are expected to begin no earlier than the third quarter.
Proceeds from the sales will be used to purchase components needed to fulfill $39 billion in orders it has received in recent weeks for its advanced AI servers, Super Micro said. It plans to fulfill the orders, which came from more than 20 different customers, in future quarters.
The company said it may also use a portion of the proceeds for other general corporate purposes, including to repay debt.
Shares slid 9.1% to $36.93 in after-hours trading on Tuesday. Through the market close shares are up 39% year to date.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
June 09, 2026 18:44 ET (22:44 GMT)
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