Can SMCI's Record Backlog Sustain Revenue Momentum in FY27?

Super Micro Computer (SMCI) reported fiscal 2026 revenues of $39.1 billion, up 78% year-over-year, driven by strong AI infrastructure demand. The company received over $60 billion in fourth-quarter orders, pushing its backlog to record levels. SMCI expects fiscal 2027 revenues between $65-72 billion, with AI solutions projected to represent over 80% of revenues. The company is expanding manufacturing capacity globally to support demand.