By Emily Bary
Super Micro has maintained that its record of fast deployments of new Nvidia technologies is an advantage to customers
Super Micro’s stock has rallied 10% across the past three sessions and looks on pace to add to its gains.
Super Micro Computer Inc.’s stock looks poised for a fourth straight day of gains after the server maker delivered a positive update on its business.
The company said late Thursday that it’s started shipping Nvidia Corp.’s (NVDA) Blackwell Ultra systems in volume. Its stock was rising 3.7% in the extended session.
Super Micro’s stock (SMCI) rose for three sessions in a row through Thursday’s close, gaining about 10% over that span. But the stock has had a mixed performance over a longer span, rallying about 44% so far this year but falling 1% over the past 12 months.
Super Micro has “the best track record of fast and successful deployments of new Nvidia technologies,” Chief Executive Charles Liang said in a statement. He added that the company’s data-center offerings, with Nvidia racks and systems, help solve various “AI infrastructure challenges” faced by customers – such as “complex network topology and cabling, power delivery and thermal management.”
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In a competitive AI server market, Super Micro has maintained that its ability to quickly ship product featuring the newest Nvidia products is one of its advantages. On the company’s last earnings call, Liang discussed the earlier version of Blackwell, saying Super Micro was “able to deliver our B200 systems with an industry-leading time to market to our customers.”
At the time, he said he was “confident our B300 and GB300 solutions will deliver a similar, if not even, better, time to market and time-to-online advantages for customers, helping them accelerate their AI deployments faster than others.” Those are both Blackwell Ultra offerings.
He disclosed back then that some Super Micro customers were “always waiting for coming-soon technology,” meaning the B300 and GB300 from the Blackwell Ultra line.
Super Micro has struggled to keep pace with its own expectations. Back in February, the company predicted $40 billion in revenue for the fiscal year that ends next June. But by August, Super Micro had revised that outlook down to $33 billion.
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The company has also seen its gross margins come under pressure. They were 9.5% in the latest quarter, versus 9.6% in the prior one and 10.2% a year earlier. The performance “highlights increased competition across the board,” Susquehanna analyst Mehdi Hosseini wrote last month. He noted that Super Micro was increasing its operating expenses as “additional resources and services are required to stay competitive.”
-Emily Bary
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09-11-25 1837ET
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