StocksMediumUpdated×11•Originally published 3 November 2026•Updated 4 November 2026•
1 min read
Super Micro Computer Stock Extends Rally to 11% as Analysts Revise Price Targets
Key Facts
1Super Micro Computer shares rose as earnings results demonstrated booming demand for AI servers.
2CFO Mark Long stated the company is building a high-quality customer base fueling revenue growth.
Super Micro Computer shares rallied as much as 11% following its earnings report, while Wall Street analysts revised their price targets for the stock. The company reported first-quarter revenue of $19.95 billion, significantly exceeding analyst estimates of $16.39 billion and increasing from $5.02 billion in the prior year.
The company forecasted second-quarter revenue between $19.5 billion and $21.5 billion and raised its full-year revenue guidance to a range of $72 billion to $82 billion. Adjusted earnings per share reached $1.81, as SMCI was trading at $32.27 on November 3, 2026.