Overview
- The company, which reported results Tuesday, posted roughly $11.1 billion in fiscal Q4 revenue, adjusted EPS of $1.70 and a gross margin near 17.5%.
- Management said it received more than $60 billion in new orders and entered fiscal 2027 with a record backlog that helped justify its $65 billion to $72 billion full‑year revenue guide.
- Super Micro gave Q1 revenue guidance of $14.5 billion to $15.5 billion and plans to raise up to $7 billion through equity‑linked financing to fund its AI expansion.
- Analysts and investors cheered the report with several firms raising price targets, though some warned that the Q4 margin jump may not be sustainable and pointed to a lower midpoint margin guide for Q1.
- Regulatory and verification risks remain because the DOJ indicted a co‑founder in April and the company is conducting an independent review, so auditors’ checks of backlog conversion and cash flow will be critical next steps.