EL7.AI
StocksMediumUpdated•Originally published 11 September 2026•Updated 11 September 2026•
2 min read

Super Micro Orders Top $60 Billion as Fiscal 2027 Sales Outlook Reaches $72 Billion

Key Facts

1Fourth-quarter new orders exceeded $60 billion, while the company expects fiscal 2027 revenue of $65 billion to $72 billion.
2Fiscal 2026 revenue reached $39.1 billion, up 77.8% from $22.0 billion in 2025.
3Inventory reached $12.9 billion, while operations used $6.81 billion of cash in fiscal 2026.

Super Micro said the new orders it received during the fourth quarter exceeded $60 billion, lifting backlog to a record as it entered fiscal 2027. The company expects to deliver the orders over future quarters but cautioned that some may not be firm commitments and could be canceled or delayed.

The company expects fiscal 2027 revenue of $65 billion to $72 billion. For the first quarter ending September 30, 2026, it forecast revenue of $14.5 billion to $15.5 billion, making the pace at which orders convert into sales a central test of the outlook.

Fiscal 2026 revenue reached $39.1 billion, up 77.8% from $22.0 billion in 2025. The company attributed most of the increase to strong demand and higher billings for Hyper servers and GPU & Super Racks.

In the fourth quarter, Super Micro reported $11.1 billion of revenue and a GAAP gross margin of 17.5%. Operations generated $747 million of cash during the quarter, an improvement from the cash consumption recorded for the full year.

Inventory reached $12.9 billion on June 30, 2026, up from $4.7 billion a year earlier, with finished goods accounting for about $10.3 billion. The company recorded $188.1 million of inventory write-down adjustments during the year, highlighting the risks of building inventory ahead of deliveries.

Operations used $6.81 billion of cash in fiscal 2026, compared with generating $1.66 billion in 2025, which the company attributed to increased inventory purchases, receivables and operating spending. It ended the year with $7.52 billion of cash against $8.7 billion of bank debt and convertible notes; management considers its funding sufficient for 12 months while retaining the option to raise more capital.

The next test is therefore broader than order volume. Investors will be watching how quickly orders become recognized revenue, whether inventory declines and operating cash flow becomes sustainable, and whether margins hold as the company executes its growth outlook.