Down 50% in The Year, Is SMCI a Buy?

DELL's 20% gross margin and HPE's 29% dwarf SMCI's 11%, justifying a valuation discount even as SMCI leads peers on revenue growth. Bigc Studio / Shutterstock.comOur 24/7 Wall St. price target for SMCI is $32.28, implying 13.44% upside from the current $28.46. 24/7 Wall St. Price Target SummaryMetric Value Current Price $28.46 24/7 Wall St. Price Target $32.28 Upside 13.44% Recommendation BUY Confidence Level 90%From $59 to $28: What Broke the StorySMCI has fallen 5.65% over the past week, though it is up 2.71% over the past month as buyers step in near lows. Q3 FY26 revenue reached $10.24B, up 122.68% YoY, non-GAAP EPS beat by 34.51%, and gross margin recovered to 9.9% from 6.3%. SMCI Earnings Explorer — 24/7 Wall St.