Super Micro Computer (SMCI) shares surged in pre-market trading after reporting a record backlog entering fiscal 2027, driven by strong AI demand and new orders. Despite a revenue miss in Q4, the company's significantly higher fiscal 2027 revenue forecast, well above Wall Street estimates, signals robust future growth in the AI server market.
Super Micro Computer's stock experienced a significant pre-market surge due to its announcement of a record backlog entering fiscal 2027, fueled by strong AI/IT demand and $60 billion in new orders. This positive sentiment overshadowed a Q4 revenue miss, as the company's fiscal 2027 revenue forecast of $65 billion to $72 billion far exceeded analyst expectations of $52.5 billion. This indicates a strong long-term growth trajectory for SMCI, driven by the booming AI server market, despite potential inventory risks from rapid GPU platform changes. The immediate impact is a positive re-rating of SMCI, offering a significant opportunity for traders betting on AI infrastructure growth.