$SUPER MICRO COMPUTER INC(SMCI)$ The market disrespect here is getting a bit ridiculous when you look at the latest earnings numbers.
Q4 revenue came in at $12.68B, up 138% YoY. FY26 revenue is tracking around $40B, up 82% YoY. Non-GAAP gross margin sits at 17.1%. They pulled in over $60B of new orders during Q4, finished with a record year-end backlog, and the FY27 revenue outlook is at least $72B.
That $72B outlook represents roughly 80% growth from an already enormous FY26 revenue base. And now management is getting directly in front of institutional investors at Oppenheimer, Citi and Goldman Sachs.
Bears are still trading the old story. I'm trading the numbers and the forward trajectory. If Wall Street finally rerates SMCI and shorts start scrambling for the exits, the squeeze could get violent.
My short term target remains $84. The market can disrespect SMCI temporarily, but it can't ignore this level of growth forever.
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