Actually, the most surprising earnings report today came from Super Micro Computer (SMCI), which hasn’t been getting much attention. They just raised their quarterly revenue forecast by 30%. SMCI now expects revenue for Q1 of fiscal year 2027 (ending September 30) to be between $18.5 billion and $19.5 billion, significantly higher than the previous guidance of $14.5 billion to $15.5 billion. Analysts’ average estimate was around $14.9 billion. The company also raised its profitability forecast, expecting quarterly gross margins to be between 12% and 12.5%, compared to the previous range of 10.4% to 10.8%. SMCI isn’t a chip manufacturer—it’s a system integrator that combines CPUs, GPUs, memory, network cards, and various components into complete server systems. Their core products include AI server racks, liquid cooling systems, and storage solutions. Their main customers are those with AI computing power needs (especially GPU cloud and large-scale AI projects), but they also serve a wide range of enterprise clients.