Aug. 13 at 12:01 PM
$SMCI is still one of the most mispriced AI infrastructure plays on Wall Street. 🚀
Look at what the market is being asked to digest:
🔥 Q4 FY26 revenue: ~
$12.3B
🔥 FY26 revenue: ~
$33B
🔥 Q4 revenue growth: ~+88% YoY
🔥 Q4 non-GAAP EPS: ~
$0.88
🔥 Q4 gross margin: ~17%
🔥 New Q4 orders:
$60B+
🔥 FY-end backlog:
$40B+
🔥 FY27 revenue outlook: at least
$72B
That
$72B target implies SMCI could potentially more than double annual revenue in FY27.
Yet the market is still valuing SMCI at a fraction of what many AI infrastructure names command. At roughly a
$20B market cap, you’re looking at only about 0.3× management’s
$72B FY27 revenue target.
And this isn’t some pre-revenue AI story. SMCI is shipping NVIDIA/AMD AI infrastructure, deploying rack-scale systems and liquid cooling, and sitting on enormous demand.
Even 0.75×
$72B sales =
$54B valuation.
At 1× sales =
$72B.
That’s the disconnect.
Wall Street spent months pricing SuperMicro for failure. Now the numbers are forcing the market to reconsider the entire thesis.
The rerating hasn’t finished. It may have barely started. 🔥📈
$AMD $NVDA $DELL $HPE