Raymond James on Super Micro Computer (SMCI) Negative Pre-Announcement: 'not thesis altering'

Raymond James analyst Simon Leopold reiterated an Outperform rating and $53.00 price target on Super Micro Computer (NASDAQ: SMCI).

The analyst comments "We maintain our Outperform rating on Supermicro following its negatively pre-announced F1Q26 results. Shares are down ~6% intraday after management disclosed that its September quarter sales would be near ~$5B, vs its prior forecast for $6-7B. We are deferring estimate revisions until we can assess the details more closely when the company formally reports results on November 4. Management also reiterated its FY26 forecast for sales of at least $33B and announced a new $12B design win. Net, the news does not help build investor confidence, but we see this as largely timing related and not thesis altering."

For an analyst ratings summary and ratings history on Super Micro Computer click here. For more ratings news on Super Micro Computer click here.

Shares of Super Micro Computer closed at $52.50 yesterday.

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