Super Micro stock closed at $32.94 on October 23, 2026, giving back most of its gains after the company raised its preliminary sales and gross-margin ranges for the September quarter. The updated figures remain subject to change, and the company did not revise its fiscal 2027 sales guidance.
Key Takeaways
- Preliminary September-quarter sales are now expected at $18.5 billion to $19.5 billion, above the August range.
- The revised gross-margin range is higher than previously guided but below the June quarter’s reported rate.
- Supermicro’s next scheduled call is November 3, 2026.
Super Micro stock gives back post-filing rise
Shares of Super Micro Computer, also known as Supermicro, closed at $35.57 on October 21, the first trading session after the October 20 filing was accepted. They fell to $33.72 on October 22 and to $32.94 on October 23.
The October 23 close was $0.47 above the $32.47 close on October 20, which preceded the filing. Trading volume on October 23 was approximately 29.7 million shares.
| Item | Details |
|---|---|
| September-quarter sales | Preliminary range: $18.5 billion–$19.5 billion; August guidance: $14.5 billion–$15.5 billion. |
| September-quarter gross margin | Preliminary range: 12.0%–12.5%; August guidance: 10.4%–10.8%. |
| Fiscal 2027 sales guidance | $65.0 billion–$72.0 billion; not revised in the October update. |
Quarterly outlook rises, but margin trails June
Supermicro raised both its preliminary sales and gross-margin ranges for the quarter ended September 30. The bottom of the new sales range is $3 billion above the top of its August guidance.
The preliminary gross-margin range remains below the 17.5% GAAP margin reported for the June quarter. Chief Financial Officer David Weigand said in August that June’s margin improvement included the effect of contracts deferred into the following quarter and possibly the subsequent quarter.
The preliminary revenue and margin figures have not been audited, reviewed or compiled by the auditor, and final results may differ.
Cash flow and customer concentration
For the fiscal year ended June 30, Supermicro reported $39.1 billion in sales and used approximately $6.8 billion in operating cash. The company reported $7.5 billion in cash and $8.7 billion in bank debt and convertible notes.
Weigand said one unnamed large data center and cloud customer accounted for 28% of fiscal 2026 revenue. Nine customers each generated more than $1 billion in revenue, compared with four in fiscal 2025.
The company’s August disclosure said its board was conducting an independent review of certain transactions connected with export-control issues. The October update did not provide an outcome.
Next milestone
Supermicro’s next scheduled call is November 3, 2026, at 5 p.m. Eastern time.
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This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
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