Super Micro Computer, Inc. (NASDAQ:SMCI) posted strong orders and a record backlog with Q4 revenue near guidance and raised margins, unveiled H15 AI servers, and saw analysts raise targets, even as export-circumvention probes into China add regulatory and supply-chain risk.
Previous Week Recap
- SMCI Records Backlog Growth: SMCI reported record backlog, over $60B in new orders, Q4 revenue near low end of $11.0–$12.5B guidance, raised Q4 gross margin view to 15%–17%; shares jumped in after‑hours.
- SMCI Faces Export Scrutiny: Super Micro Computer (SMCI) faces May reports of alleged export circumvention involving China, drawing regulatory and supply‑chain scrutiny relevant to traders.
- Analysts Raise SMCI Targets: Analysts updated Super Micro (SMCI) targets: Rosenblatt to $45, Needham to $46, Barclays to $38. Rosenblatt noted a margin-led earnings beat and SMCI’s AI infrastructure position.
- SMCI H15 Servers Unveiled: SMCI unveiled H15 servers with 6th‑Gen AMD EPYC 9006 CPUs, support for AMD Instinct GPUs and Pensando networking, up to 256 cores/512 threads, higher CPU performance, expanded memory and I/O.
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