Super Micro Guided Fiscal 2027 Revenue $16 Billion Above Wall Street and Missed the Quarter Anyway

• SMCI beat profit expectations despite missing revenue estimates. • Fiscal 2027 revenue guide of $65-72B far exceeds analyst forecasts. • Gross margin spiked to 17.5%, driving sixfold profit increase. Super Micro Computer (SMCI) reported fiscal Q4 revenue of $11.1 billion, below the $11.55 billion expected. The stock rose 19% as management guided fiscal 2027 revenue to $65-72 billion, well above the $52.5 billion analysts projected. The quarter's standout was a 17.5% gross margin, up sharply from prior levels, pushing net income to $1.18 billion. Backlog surged past $60 billion, supporting the outlook, though inventories and receivables also ballooned. Shares trade at roughly 11.5 times trailing earnings despite the aggressive growth forecast, reflecting skepticism over whether the margin surge will persist.