Supermicro computers released its fiscal 2026 outlook, boosting stocks by more than 13%. However, JPMorgan Chase remains skeptical. The company said it expects revenue to reach $40 billion in fiscal 2026, obscuring a more modest forecast for recent forecasts. Super Micro’s fiscal 2025 revenue guide is between $23.5 billion and $25 billion, while analysts from LSEG’s forecast of $24.92 billion were surveyed. Analyst Samik Chatterjee also noted that the company’s second-quarter numbers were under pressure from supply chain issues. But Chatterjee is still unconvinced, reiterating his underweight rating on the stock. His new price target, while raising $35 from $23, means a 9.3% drop from the end of Tuesday. To make a comeback, the company must bring “a proof point of execution before a positive FY26 revenue/margin expectation credit line”. “Although the update prospects for F4Q25 and FY26 are much higher than JPM and consensus, and they bring a good upward surprise… We think it is too early to underwrite such a positive outlook: 1) Supply chain lowers supply chain The limited visibility of the next generation of hopper-based products compared to the next generation of GPUs and 2) the upcoming AI server product cycle, with a higher competitive background, now owning many of his peers’ portfolios on Tuesday The note said. Analysts also cite lower visibility because of its challenges to his skepticism. To be sure, Super Micro CEO Charles Liang said he was “confident” that the company would be in Submit its delayed annual report by the February 25 deadline. SMCI 1D Mountain SMCI stock was more constructive on the supermicro computer on Wednesday. He noted Loop Capital analyst Ananda Baruah’s buy of the company The rating is $50, which raises its price target from $40 to $50, the second in three weeks. “SMCI remains a significant company in important areas,” Baruah said in a note on Wednesday. Additionally, SMCI’s two largest customers have huge plans in 2025, and we believe SMCI will inevitably benefit. With forward guidance from the company, the stock starts at $24. 26, Bryson wrote in a note to clients on Wednesday. “At the same time, we are hesitant to model as aggressively as management predicts (our revised Outlook still expects a healthy 44% Y/Y growth), and we also believe in SMCI’s second Bryson Added that flirting with the company’s risk profile (and the willingness of multiple investors to pay for) will surely continue to be taken to some extent.
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