Super Micro (SMCI) Shares Climb Over 10% as Revenue Doubles

AI Summary

Shares of Super Micro Computer (SMCI) surged over 10% to close at approximately $31, following an increase from near $28. Despite this bounce, the stock has declined about 31% over the past year, significantly below its 52-week high. In its fiscal third quarter of 2026, Super Micro reported revenue of $10.2 billion, a year-over-year increase driven by AI server demand. The company received $39 billion in AI server orders recently and arranged $7 billion in financing to fulfill them, with gross margins recovering from 6.3% to 9.9%.