SMCI stock price: Super Micro Computer shares swing wildly on earnings, surge 12% on likely delisting dodge and strong 2026 forecast

Shares of Super Micro Computer, Inc. (Nasdaq: SMCI) surged 12% Wednesday in early morning premarket trading after it forecast strong revenue gains for 2026 and updated investors on plans to remain on the Nasdaq exchange. SMCI was up over 3% in afternoon trading.

On Tuesday, the AI server maker said it now “believes it will make” the U.S. Securities and Exchange Commission (SEC) February 25 deadline to submit its delayed 10-K filings, thereby avoiding delisting from the Nasdaq. It also expects to file its 10-Q quarterly report ending in September by that date.

Super Micro president and CEO Charles Liang projected revenue of $40 billion for fiscal 2026, lowering estimates to $23.5 to $25 billion in fiscal 2025, from prior guidance between $26 billion to $30 billion. Although Super Micro’s second-quarter results fell short of analyst estimates, investors are encouraged by the stock’s stronger-than-expected performance forecast for 2026.

“With our leading direct-liquid cooling (DLC) technology and over 30% of new data centers expected to adopt it in the next 12 months, Super Micro is well positioned to grow AI infrastructure designs wins based on Nvidia Blackwell and more,” Liang said in an earnings release. “We anticipate this technology transition sets a strong foundation for us now.”

SMCI is at risk of being delisted from the Nasdaq exchange due to its delinquent filings with the SEC. The stock has swung wildly up and down since accounting giant Ernst & Young resigned as its auditor last fall, disclosing it was “unwilling to be associated with the financial statements prepared by [SMCI’s] management” after a report from Hindenburg Research alleged it had found “glaring accounting red flags,” sanctions and export control failures, and evidence of undisclosed related party transactions. The AI server maker conducted its own independent review and found no evidence of misconduct.