Why Super Micro Computer (SMCI) Stock Is Up Today

Super Micro Computer (SMCI) is up 21.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The rally appears tied to a preliminary fiscal fourth-quarter update that showed much stronger profitability than investors expected, even though revenue was only near the low end of guidance. Investors also seem encouraged by a record backlog and a wave of new orders, which suggest AI server demand remains strong.

Details:

The company said fiscal Q4 revenue is expected to land near the low end of its prior $11.0 billion to $12.5 billion range, so the move does not appear to be driven by a sales beat.

Gross margin is projected at 15% to 17%, far above the company’s earlier 8.2% to 8.4% outlook, helped by a more favorable customer and product mix.

Management disclosed that new orders exceeded $60 billion during the quarter and said backlog reached a record level, giving the market a much more bullish read on future demand.

At least one analyst also raised its price target after the update, which likely added momentum to the move as traders reassessed earnings power and near-term sentiment.

Sources:

Supermicro Investor Relations, SEC, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SMCI Hedge Fund Activity

We have seen 321 institutional investors add shares of $SMCI stock to their portfolio, and 356 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MARSHALL WACE, LLP added 7,142,269 shares (+15612.2%) to their portfolio in Q1 2026, for an estimated $154,987,237
DEFIANCE ETFS, LLC added 6,220,438 shares (+inf%) to their portfolio in Q1 2026, for an estimated $134,983,504
CITADEL ADVISORS LLC removed 5,049,691 shares (-75.6%) from their portfolio in Q1 2026, for an estimated $109,578,294
UBS GROUP AG added 4,662,848 shares (+62.9%) to their portfolio in Q1 2026, for an estimated $101,183,801
DISCIPLINED GROWTH INVESTORS INC /MN removed 4,650,333 shares (-48.3%) from their portfolio in Q1 2026, for an estimated $100,912,226
JANE STREET GROUP, LLC added 4,292,164 shares (+3367.9%) to their portfolio in Q1 2026, for an estimated $93,139,958
MORGAN STANLEY removed 3,615,903 shares (-32.0%) from their portfolio in Q1 2026, for an estimated $78,465,095

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$SMCI Analyst Ratings

Wall Street analysts have issued reports on $SMCI in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Needham issued a "Buy" rating on 02/04/2026

To track analyst ratings and price targets for $SMCI, check out Quiver Quantitative's $SMCI forecast page.

$SMCI Price Targets

Multiple analysts have issued price targets for $SMCI recently. We have seen 9 analysts offer price targets for $SMCI in the last 6 months, with a median target of $34.0.

Here are some recent targets:

Vijay Rakesh from Mizuho set a target price of $44.0 on 06/01/2026
Tim Long from Barclays set a target price of $34.0 on 05/07/2026
N. Quinn Bolton from Needham set a target price of $40.0 on 05/06/2026
Matt Bryson from Wedbush set a target price of $34.0 on 05/06/2026
Samik Chatterjee from JP Morgan set a target price of $32.0 on 05/06/2026
Asiya Merchant from Citigroup set a target price of $31.0 on 05/06/2026
Kevin Cassidy from Rosenblatt set a target price of $40.0 on 05/06/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.