Aug. 19 at 7:15 PM
$SMCI 🚨🐂
$SMCI — THE VALUATION DISCONNECT IS GETTING RIDICULOUS.
As of today, SMCI is around
$37, yet its trailing P/E is roughly 11.7×. The broader hardware-industry median is around 28× , meaning SMCI trades at roughly a 59% discount to that benchmark. (GuruFocus)
Now look at the growth:
🔥 FY26 revenue:
$39.1B
🔥 Q4 revenue:
$11.1B
🔥 Q4 adjusted EPS:
$1.70
🔥 Q4 non-GAAP gross margin: 17.6%
🔥 FY27 revenue guidance:
$65B–
$72B — versus Wall Street’s pre-earnings ~
$53B expectation. (Supermicro)
Read that again: potentially
$72 BILLION in annual revenue while the market is valuing SMCI at ~12× trailing earnings.
Meanwhile, AI-infrastructure demand remains strong across the sector, with Dell, CoreWeave, Nebius and others also reporting substantial AI-driven momentum. (MarketWatch)
The discount exists for reasons, execution, margins and regulatory/governance concerns remain risks, but if SMCI keeps delivering, this valuation gap becomes increasingly difficult to justify.
I don’t need the market to give SuperMicro a crazy multiple. Give it anything CLOSE to a normal hardware multiple while earnings grow, and the rerating potential gets very interesting. 🚀🔥
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