Together, these AI GPU platforms contributed to more than 75% of SMCI\u2019s first-quarter fiscal 2026 revenues. SMCI has now expanded its NVIDIA Blackwell-based GPU systems with two new liquid-cooled models, a full-size 4U rack system and a compact 2-OU (OCP) system, which are now ready for volume shipments.<\/p>\n
SMCI integrated these two platforms into the broader portfolio of HGX B200, NVL72, and RTX PRO 6000 platforms for compact design, cooling efficiency, high GPU memory and networking throughput. SMCI\u2019s 4U liquid-cooled NVIDIA HGX B300 system fits standard 19-inch racks and 2-OU (OCP) NVIDIA HGX B300 system can achieve up to 144 GPUs in a single rack.<\/p>\n
Partnerships with vendors like NVIDIA and Advanced Micro Devices position Super Micro Computer to deliver the latest GPU-powered platforms, which remain in high demand among cloud providers and sovereign AI projects. Expansion in Europe, Asia and the Middle East also offers additional growth avenues.<\/p>\n
SMCI faced a headwind in the form of revenue decline in the first quarter of fiscal 2026, which occurred not because of demand weakness but mainly due to a revenue shift from the September quarter to the December quarter due to last-minute configuration upgrades as requested by SMCI\u2019s customers. These orders will be fulfilled in the upcoming quarter, resulting in strong revenue growth.<\/p>\n
How Competitors Fare Against SMCI<\/p>\n
Super Micro Computer competes with Dell Technologies (DELL Quick QuoteDELL<\/a> – Free Report<\/a>) and Hewlett Packard Enterprise (HPE Quick QuoteHPE<\/a> – Free Report<\/a>) in the AI and data center market.<\/p>\n Dell Technologies is a major supplier of servers and storage systems, with a broad customer base across enterprises and cloud providers. Its scale, established distribution and service offerings give it an edge in winning large contracts. However,\u00a0 Dell Technologies has not grown as quickly as SMCI in AI-specific systems; its ability to bundle hardware with services makes it a strong rival.<\/p>\n Hewlett Packard Enterprise is also expanding aggressively into AI and high-performance computing. Its GreenLake platform provides customers with flexible, cloud-like consumption models, which can be attractive to enterprises. Hewlett Packard Enterprise\u2019s focus on hybrid cloud and AI workloads positions it as a direct competitor in areas where SMCI is seeking growth through its DCBBS strategy.<\/p>\n SMCI\u2019s Price Performance, Valuation and Estimates<\/p>\n Shares of Super Micro Computer have plunged 26.7% in the past six months against the Zacks Computer \u2013 Storage<\/a> Devices industry\u2019s growth of 68.1%.<\/p>\n SMCI 6 Month Performance Chart<\/p>\n From a valuation standpoint, SMCI trades at a forward price-to-sales ratio of 0.47, lower than the industry\u2019s average of 1.75.<\/p>\n SMCI Forward 12-Month (P\/S) Valuation Chart<\/p>\n The Zacks Consensus Estimate for Super Micro Computer\u2019s fiscal 2026 and 2027 earnings implies a year-over-year increase of approximately 4.85% and 37.9%, respectively. Estimates for fiscal 2026 and 2027 earnings have been revised downward in the past 60 days.<\/p>\n![\"Zacks](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/12\/137271.jpg\"\/)
Image Source: Zacks Investment Research<\/p>\n![\"Zacks](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/12\/137272.jpg\"\/)
Image Source: Zacks Investment Research<\/p>\n![\"Zacks](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/12\/137270.jpg\"\/)
Image Source: Zacks Investment Research<\/p>\n