Super Micro Computer, Inc.

NasdaqGS:SMCI Stock Report

Market Cap: US$18.7b

Super Micro Computer Future Growth

Future criteria checks 4/6

Super Micro Computer is forecast to grow earnings and revenue by 19.1% and 21.6% per annum respectively. EPS is expected to grow by 14.4% per annum. Return on equity is forecast to be 19.9% in 3 years.

Key information

19.1%

Earnings growth rate

14.41%

EPS growth rate

Tech earnings growth11.1%
Revenue growth rate21.4%
Future return on equity19.91%
Analyst coverage

Good

Last updated11 May 2026

Recent future growth updates

Recent updates

Seeking Alpha • May 11

Super Micro Computer: Explosive Revenue Growth, Broken Business Model -- Why This Is A Strong Sell

Summary Super Micro Computer (SMCI) is downgraded from Hold to Strong SELL due to unsustainable business model risks. SMCI's revenue growth is driven by AI data center demand, but margins remain low and working capital needs are high. Key growth catalysts—DCBBS, DLC tech, and global expansion—lack sufficient quantitative disclosure and fail to offset operational inefficiencies. Regulatory concerns, auditor resignations, and significant cash burn further elevate SMCI's risk profile despite peer-relative undervaluation. Read the full article on Seeking Alpha
Narrative Update • May 04

SMCI: AI Infrastructure Expansion Will Support Longer Term Margin Recovery

Analysts have trimmed their average price target on Super Micro Computer, with recent cuts of $12, $8, $18, $14 and $10. These changes reflect updated views on slower modeled revenue growth, lower profit margins and a slightly higher discount rate, even as some still reference prior upside in select research.
New Narrative • Apr 23

Super Micro Computer will achieve a remarkable 19% revenue growth but legal risks justify a big discount.

Super Micro Computer (NASDAQ: SMCI) — Condensed Investment View Business: Supermicro sells powerful computer systems and data storage equipment. It has done well from the recent boom in AI because it builds the kind of machines that AI companies need.
Narrative Update • Apr 19

SMCI: AI Partnerships And Governance Reset Will Drive Bullish Repricing Outlook

Analysts have trimmed the Super Micro Computer price target by about $0.87, reflecting a slightly lower fair value and P/E assumption after a series of recent target cuts and downgrades, even as revenue growth and profit margin inputs in the model remain relatively stable. Analyst Commentary Recent Street research around Super Micro Computer has been dominated by a cluster of price target cuts and several downgrades, with commentary frequently pointing to governance concerns and credibility questions following indictments.
Narrative Update • Apr 05

SMCI: AI Partnerships And Governance Reset Will Drive Repricing Into 2026

Super Micro Computer's analyst price target has been revised lower by $6.99, with analysts citing higher required returns, a lower fair value estimate, and more conservative profit margin and P/E assumptions, despite slightly higher modeled revenue growth. Analyst Commentary Recent Street research on Super Micro has shifted toward a more cautious stance, with several firms trimming price targets and some lowering ratings following legal and governance concerns.
Narrative Update • Mar 21

SMCI: Legal Credibility Concerns Will Likely Undermine Major AI Server Upside

Analysts have trimmed their fair value estimate for Super Micro Computer in response to multiple price target cuts. They cite higher assumed risk, more modest revenue and margin expectations, and a higher future P/E multiple following recent legal and credibility concerns.
Narrative Update • Mar 07

SMCI: AI Data Center Partnerships Will Support Repricing Into 2026

Analysts have made a modest adjustment to their price targets on Super Micro Computer, with changes clustering in a narrow $2 to $11 range as they factor in updated views on AI related demand, valuation, and sector positioning for 2026. Analyst Commentary Recent Super Micro price target moves sit within a relatively tight band, but the tone of the research still gives you useful clues about how the Street is thinking about valuation, execution, and growth into 2026.
Narrative Update • Feb 21

SMCI: AI Data Center Demand And Liquid Cooling Will Drive Repricing

Analysts have nudged their fair value estimate for Super Micro Computer to $63, reflecting slightly stronger assumptions for revenue growth, profit margins, and a lower future P/E, even as recent Street price target moves have been mixed. Analyst Commentary Bullish analysts on Super Micro Computer are split in their near term expectations, but a few themes still stand out when you look past the headline price target cuts.
Narrative Update • Feb 07

SMCI: AI Server Positioning And New Liquid Cooling Will Drive Repricing

Analysts have trimmed their fair value estimate for Super Micro Computer from US$80.58 to US$60.00, reflecting updated assumptions for slower revenue growth, lower profit margins, and a higher future P/E, as seen in a mix of recent price target reductions and a smaller price target increase across covering firms. Analyst Commentary Recent Street research on Super Micro Computer has been mixed, but you can still see some confidence around the company’s ability to execute and create value over time.
Narrative Update • Jan 24

SMCI: Large AI Orders And Margin Recovery Efforts Will Drive Future Repricing

Analysts have reduced their Super Micro Computer price targets by single-digit percentages, citing updated views on growth, profitability, and expectations for a lower future P/E. At the same time, some research notes highlight strong new orders and the possibility of margin recovery, alongside ongoing competition risks in AI servers.
Narrative Update • Jan 09

SMCI: AI Server Order Wins Will Support Longer Term Margin Recovery

Analysts have made a modest upward adjustment to their Super Micro Computer price targets, with changes ranging from US$3 to US$4 per share. They are weighing recent Q1 revenue timing issues against strong new AI server orders and the potential for longer term margin recovery in an increasingly competitive market.
Narrative Update • Dec 21

SMCI: Margin Pressures Will Likely Undermine Benefits Of Major AI Server Wins

Analysts have modestly lowered their fair value estimate for Super Micro Computer, trimming the average price target by a few dollars per share to about $34 to $40. They are balancing expectations for sharply accelerating revenue driven by large AI server orders, including a $12B GB300 platform win, against lingering concerns over near term margin pressure and long term profitability risks in an increasingly competitive market.
Narrative Update • Dec 07

SMCI: AI Order Momentum Will Drive Long Term Revenue Upside

Analysts nudged their average price target on Super Micro Computer modestly higher, to about $34 from roughly $30, citing a strong rebound in orders, including a multibillion-dollar GB300 platform win, and confidence that near-term revenue timing issues will be offset by longer-term AI server demand despite ongoing profitability risks. Analyst Commentary Street research following the latest earnings update reflects a mixed but generally more constructive stance on Super Micro, with modest target changes and reiterated ratings highlighting both upside from AI server momentum and persistent execution risks.
Narrative Update • Nov 23

SMCI: Order Wins And Federal Expansion Will Support Revenue Recovery

Super Micro Computer's analyst price target has been adjusted downward, decreasing from $50.94 to $48.53. Analysts cite persistent profitability risks despite management's expectation of a revenue rebound and significant new order momentum.
Analysis Article • Nov 08

Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Slammed 32% But Getting In Cheap Might Be Difficult Regardless

Super Micro Computer, Inc. ( NASDAQ:SMCI ) shares have had a horrible month, losing 32% after a relatively good period...
Narrative Update • Nov 07

SMCI: Strong Order Momentum Will Drive Revenue Upside Amid AI Competition

Analysts have modestly raised their price target for Super Micro Computer to $50.94 from $50.59, citing improving revenue growth outlook and expectations for margin recovery, even as competition in the AI server market continues. Analyst Commentary Recent research updates have highlighted a variety of factors influencing both the positive and negative outlooks on Super Micro Computer’s stock.
Narrative Update • Oct 23

Analysts Raise Super Micro Target as Profit Margins Improve and AI Demand Grows

Analysts have raised their price target for Super Micro Computer by approximately $0.53 to $50.59. They cite improved profit margins and confidence in the company's ability to achieve strong sales growth as key factors supporting the increase.
Analysis Article • Aug 30

The Price Is Right For Super Micro Computer, Inc. (NASDAQ:SMCI) Even After Diving 32%

The Super Micro Computer, Inc. ( NASDAQ:SMCI ) share price has softened a substantial 32% over the previous 30 days...
Narrative Update • Aug 07

Global AI Adoption And Scalable Data Centers Will Define Future Market Dynamics

With both Super Micro Computer’s future P/E and net profit margin remaining stable, analyst fair value estimates were unchanged, maintaining the consensus price target at $50.38. What's in the News Super Micro Computer issued FY2026 sales guidance of at least $33 billion and Q1 GAAP EPS of $0.30-$0.42, reflecting material stock-based compensation expense.
Analysis Article • Jul 16

Super Micro Computer, Inc. (NASDAQ:SMCI) Looks Just Right With A 28% Price Jump

Super Micro Computer, Inc. ( NASDAQ:SMCI ) shares have continued their recent momentum with a 28% gain in the last...
Analysis Article • Jun 26

Is Now The Time To Look At Buying Super Micro Computer, Inc. (NASDAQ:SMCI)?

Today we're going to take a look at the well-established Super Micro Computer, Inc. ( NASDAQ:SMCI ). The company's...
Analysis Article • May 21

Solid Earnings May Not Tell The Whole Story For Super Micro Computer (NASDAQ:SMCI)

Following the solid earnings report from Super Micro Computer, Inc. ( NASDAQ:SMCI ), the market responded by bidding up...
Analysis Article • May 20

Investors Appear Satisfied With Super Micro Computer, Inc.'s (NASDAQ:SMCI) Prospects As Shares Rocket 42%

Super Micro Computer, Inc. ( NASDAQ:SMCI ) shareholders are no doubt pleased to see that the share price has bounced...

Earnings and Revenue Growth Forecasts

NasdaqGS:SMCI - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
6/30/202860,8862,0415661,3929
6/30/202751,5291,929371,22816
6/30/202640,0221,490-5,481-4,16216
3/31/202633,7001,247-6,850-6,693N/A
12/31/202528,057873440549N/A
9/30/202521,053793218333N/A
6/30/202521,9721,0491,5321,660N/A
3/31/202521,5701,15130148N/A
12/31/202420,8201,445-2,171-1,992N/A
9/30/202418,8071,420-2,513-2,348N/A
6/30/202414,9891,153-2,610-2,486N/A
3/31/202411,8201,049-1,966-1,847N/A
12/31/20239,253732-169-136N/A
9/30/20237,391613592620N/A
6/30/20237,123640627664N/A
3/31/20236,574587608648N/A
12/31/20226,646578179222N/A
9/30/20226,015444-387N/A
6/30/20225,196285-486-441N/A
3/31/20224,630184-400-352N/A
12/31/20214,170125-304-249N/A
9/30/20213,828111-189-132N/A
6/30/20213,55711265123N/A
3/31/20213,38591-91-37N/A
12/31/20203,261892166N/A
9/30/20203,302854285N/A
6/30/20203,33984-75-30N/A
3/31/20203,29790104148N/A
12/31/20193,26884N/A269N/A
9/30/20193,32979N/A230N/A
6/30/20193,50072N/A263N/A
3/31/20193,62874N/A246N/A
12/31/20183,71978N/A149N/A
9/30/20183,61559N/A110N/A
6/30/20183,36046N/A84N/A
3/31/20183,05733N/A14N/A
12/31/20172,83734N/A-25N/A
9/30/20172,67358N/A-74N/A
6/30/20172,48567N/A-96N/A
3/31/20172,33859N/A-77N/A
12/31/20162,23760N/A-35N/A
9/30/20162,21570N/A76N/A
6/30/20162,22572N/A108N/A
3/31/20162,23184N/A39N/A
12/31/20152,18891N/A50N/A
9/30/20152,05089N/A-52N/A
6/30/20151,95493N/A-46N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SMCI's forecast earnings growth (19.1% per year) is above the savings rate (3.5%).

Earnings vs Market: SMCI's earnings (19.1% per year) are forecast to grow faster than the US market (16.8% per year).

High Growth Earnings: SMCI's earnings are forecast to grow, but not significantly.

Revenue vs Market: SMCI's revenue (21.6% per year) is forecast to grow faster than the US market (11.7% per year).

High Growth Revenue: SMCI's revenue (21.6% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SMCI's Return on Equity is forecast to be low in 3 years time (19.9%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/18 17:16
End of Day Share Price 2026/05/15 00:00
Earnings2026/03/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Super Micro Computer, Inc. is covered by 28 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Timothy LongBarclays
Dong WangBarclays
Mark NewmanBernstein