Upcoming earnings report is a direct, near-term catalyst and could drive continued volatility beyond the report based on revised margins, orders, and guidance.
Supermicro to report Q4 results in latest test for AI infrastructure company Daniel Howley · Technology Editor Tue, August 11, 2026 at 3:37 PM GMT+2 2 min read SMCI SPCX 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. More from Yahoo Scout What major partnerships has Supermicro announced recently? What regulatory challenges is Supermicro currently facing?
What are Supermicro's revised margin guidance and expectations? How has Supermicro's stock performed compared to competitors? 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.
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.
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