Super Micro Computer (SMCI) Stock Jumps 9% as Biggest U.S. Campus Opens

TLDR

• SMCI stock rose 8.71% as the company opened its largest U.S. campus in San Jose — a 714,000 sq ft facility on 32.8 acres.
• The new site will handle AI infrastructure manufacturing, system design, testing, and services.
• Oracle reportedly canceled a $1.1–1.4B server rack order, which had previously pushed the stock lower.
• Multiple securities class action lawsuits are pending, with a May 26, 2026 lead-plaintiff deadline.
• Analyst consensus sits at “Hold” with an average price target of $35.64; the stock opened Monday at $29.08.

Super Micro Computer opened a new 714,000 square foot campus in San Jose, California on April 27, adding its fourth Bay Area location and its biggest U.S. site to date.

The 32.8-acre facility brings Supermicro’s total Bay Area footprint to nearly 4 million square feet. It’s built to handle the full stack — system design, manufacturing, testing, and service operations for AI data center infrastructure.

CEO Charles Liang called it “a direct investment in American innovation and manufacturing leadership.” San Jose Mayor Matt Mahan welcomed the expansion, noting it adds manufacturing and distribution capacity at the center of the global AI economy.

The company expects to create hundreds of jobs across engineering, manufacturing, and business roles at the new location.

Super Micro Computer, Inc., SMCI

SMCI stock was up 8.71% on the news, opening Monday at $29.08. That’s a notable rebound for a stock that has had a rough stretch.

Oracle Order Cancellation Hangs Over the Stock

Not everything is pointing up. Oracle reportedly canceled a large order for Supermicro server racks — estimates put the value at $1.1 to $1.4 billion. That news had already hit the stock hard before Monday’s bounce.

The lost contract raises near-term revenue questions. But some analysts and buyers appear to be looking past it, with bargain-hunting activity picking up after the selloff.

Supermicro last reported earnings on February 3, posting $0.69 EPS — well ahead of the $0.49 consensus. Revenue came in at $12.68 billion, up 123.4% year-over-year and well above analyst expectations of $10.34 billion.

The company has set Q3 2026 EPS guidance at $0.60. Full-year EPS is expected to come in around $1.90, per analyst estimates.

Legal Pressure Adds to the Uncertainty

On top of the Oracle situation, several law firms have filed or are soliciting lead-plaintiff interest in securities class action lawsuits against Supermicro. The deadline for investors to secure counsel is May 26, 2026.

That litigation risk is keeping some investors cautious, and it remains an overhang on sentiment until it’s resolved.

On the institutional side, Universal Beteiligungs cut its SMCI position by 77.9% in Q4, selling over 1 million units. But other funds moved in the opposite direction — OVERSEA CHINESE BANKING grew its stake by 210.8%, and Mirae Asset raised its position by 54.7%. Institutional investors collectively own 84.06% of the stock.

Analyst ratings lean toward Hold. Rosenblatt cut its price target from $50 to $32 but kept a Buy rating. Goldman Sachs lifted its target slightly from $26 to $27 but maintained a Sell. Barclays holds an Equal Weight with a $38 target. The consensus sits at $35.64.

The stock’s 52-week range runs from $19.48 to $62.36, with a 50-day moving average of $27.94 and a 200-day at $33.53.

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