SMCI Q4 Revenue Hits $11.1B, Backlog Tops $60B, But Shorts Pile In
SMCI sits 92% above its 52-week low of $19.48 on elevated volume (3.0× avg).
Summary
Supermicro reported Q4 FY2026 revenue of $11.1B, up 93% year-over-year, with adjusted EPS of $1.70 and net income of $1.18B. Gross margin came in at 17.5%, and the company guided Q1 revenue to $14.5–15.5B and full-year FY27 to $65–72B, with backlog exceeding $60B. Despite the strong top-line growth, short interest rose in July, pushing SMCI into the top 10 most-shorted stocks amid broader AI and chip sector weakness. Wedbush, Citigroup, and Barclays maintained neutral ratings, citing the ongoing DOJ probe over Chinese GPU server shipments and potential future export controls. This follows the 8-K filed August 11 that first disclosed the Q4 figures; today's report adds analyst reaction and short interest data. The key tension is between explosive AI-driven revenue growth and persistent regulatory and margin concerns.
At the time of this announcement, SMCI was trading at $37.33 on NASDAQ in the Technology sector, with a market capitalization of approximately $24.3B. The 52-week trading range was $19.48 to $58.78. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Wiseek News.