Why Was Super Micro (SMCI) Stock Moving on Aug 11, 2026?
Today's catalyst, August 11, 2026: Super Micro reported fiscal fourth-quarter results after the close — adjusted EPS of $1.70 against the $1.59 estimate, sales of $11.12 billion just under the $11.26 billion expected, and more than $60 billion of new orders booked in a single quarter. The stock jumped 6.84% in the fifteen minutes after the release.
- Today's catalyst: fiscal Q4 2026 results, released after the close on August 11 at 20:05 UTC.
- Adjusted EPS of $1.70 beat the $1.59 estimate in our news feed; EPS grew 315% year over year.
- Net sales of $11.12 billion came in just under the $11.26 billion estimate but rose 93% from a year earlier — the company had pre-announced revenue near the low end of its $11.0-$12.5 billion guidance in July.
16:57:34 ET
Reaction by asset (real prices)
| Asset | 2m before | At release | +1m | +15m | +1m % | +15m % |
|---|---|---|---|---|---|---|
| SMCI | 31.88 | 31.88 | 34.23 | 34.06 | +7.37% | +6.84% |
Super Micro's move today traces to one event: fiscal fourth-quarter 2026 results, released after the close on August 11 at 20:05 UTC. The AI server maker reported adjusted earnings per share of $1.70 against the $1.59 estimate showing in our news feed, net sales of $11.12 billion versus $11.26 billion expected, and an adjusted gross margin of 17.6%. Our measured reaction: the stock rose 7.37% within one minute of the headline crossing and held a gain of 6.84% fifteen minutes after.
| Metric | Q4 FY2026 | Estimate | Year over year |
|---|---|---|---|
| Adjusted EPS | $1.70 | $1.59 | +315% |
| Net sales | $11.12B | $11.26B | +93% |
| Adjusted gross margin | 17.6% | — | — |
| New orders in Q4 | over $60B | — | record backlog |
The sales figure was the least surprising part of the report — Super Micro had already told investors on July 21 that revenue would land near the low end of its $11.0 billion to $12.5 billion guidance, with margins running well above plan on a favorable customer and product mix. What the market did not have until tonight was the profit number, and it landed well ahead: EPS growth of 315% year over year against 93% revenue growth means margins, not volume, drove the beat.
The number likely to carry the stock beyond today is the order book: more than $60 billion of new orders received in the quarter — several times what the company billed in the same period — taking the backlog to record levels. An order is not revenue, and delivery timing and customer concentration sit between the two. But a backlog that size shifts the question investors price from "is demand real" to "how fast can it be built and shipped." We published a full breakdown of the quarter, including the July pre-announcement context, on our SMCI Q4 FY2026 earnings page.
Sources
-
Can Super Micro's Q4 Earnings Tonight Spark a Rebound After 30% 1-Year Decline?
— 24/7 Wall St.
Q4 actuals, the growth rates, and the $60B+ new-order figure
-
Supermicro Provides Fourth Quarter of Fiscal Year 2026 Preliminary Business Update
— Business Wire (company release)
The July pre-announcement of revenue near the low end of guidance and above-plan margins
Never miss the next market-moving story
Follow the core market-moving feed across equities, macro, currencies and commodities. Your subscription includes price moves after the news, search, watchlists, alerts and research tools.
Create free accountGo real time Watch live headlines -- free