Super Micro Stock Rips After Q1 Print Tops Its Own Preliminary Figures

Benzinga Earnings
14 hours ago

Super Micro Computer Inc. (NASDAQ:SMCI) posted its first-quarter fiscal 2027 results after Tuesday’s closing bell, beating analysts’ estimates on the top and bottom lines. Here’s a look at the details inside the report. 

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Super Micro Q1 Details    

Super Micro reported quarterly earnings of $1.81 per share, which beat the Street estimate of $1.23 by 47.15%, per Benzinga Pro data. 

Quarterly revenue came in at $19.95 billion, which beat the consensus estimate of $16.39 billion by 21.70%. This represents a 297.49% increase over revenue of $5.02 billion in the same period last year.   

Super Micro said previously stated preliminary first-quarter revenue was estimated at $18.5 billion to $19.5 billion, compared with its guidance of $14.5 billion to $15.5 billion, and gross margin at 12% to 12.5%.

Non-GAAP gross margin for the first quarter of fiscal year 2027 was 12.8% with adjustments for stock-based compensation expense of $8 million.

“Supermicro’s transformation into a Total AI and IT Datacenter Solution provider continues to accelerate, delivering record revenue of $19.9 billion for the first quarter fiscal 2027,” said CEO Charles Liang.

“DCBBS is driving significant value for our customers — from gigawatt-scale data centers down to single-container PODs — which, including our expanding software, proactive service, and networking solutions, is enhancing profitability and long-term shareholder value,” Liang added.

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Looking Ahead

The company expects second-quarter adjusted EPS of $1.66-$1.90, versus the $1.14 analyst estimate, and revenue in a range of $19.5 billion to $21.5 billion, versus the $17.4 billion estimate.

Super Micro raised its fiscal 2027 revenue outlook to between $72 billion and $82 billion, versus the $69.17 billion estimate.

SMCI Stock Price: According to data from Benzinga Pro, Super Micro stock was up 5.96% to $33.28 in Tuesday’s extended trading.  

Photo: Shutterstock

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