Supermicro to report Q4 results in latest test for AI infrastructure company

Supermicro to report Q4 results in latest test for AI infrastructure company

Daniel Howley · Technology Editor

Tue, August 11, 2026 at 4:37 PM GMT+3 2 min read

• SMCI +1.73%
• SPCX -1.51%

Supermicro (SMCI) will report its fourth quarter earnings after the bell today. The announcement comes after the company provided a preliminary business update late last month that sent shares soaring more than 20%.

Supermicro's stock was up more than 2% in early trading.

According to the company's July filing, margins will be between 15% and 17%, versus prior guidance of 8.2% to 8.4%. Supermicro also said it saw new fourth quarter orders of more than $60 billion.

In June, CEO Charles Liang wrote on X that the company planned to co-build a gigawatt-scale data center for SpaceX and xAI within a year.

For the fourth quarter, Supermicro is expected to report adjusted earnings per share (EPS) of $1.33 on revenue of $11.2 billion, according to Bloomberg analyst consensus estimates. The company saw EPS of $0.41 and revenue of $5.7 billion in the same period last year.

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Gross margins are anticipated to top out at 15.8%, up 9.6% year over year.

Despite the bump from its preliminary announcement, Supermicro stock has underperformed rival AI infrastructure companies.

Shares are down some 30% over the past 12 months versus HPE (HPE), which is up roughly 160%, and Dell Technologies (DELL), which has soared more than 230% in the same period.

In June, the company announced it was raising as much as $7 billion in equity-linked financing to help pay for its AI build-out.

Supermicro has also been dealing with regulatory issues. In April, the company launched an independent investigation after the Department of Justice indicted co-founder Yih-Shyan Liaw and two others for allegedly violating US export controls.

Supermicro was not named as a defendant in the case.

Email Daniel Howley at dhowley@yahoofinance.com. Follow him on X at @DanielHowley.

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