Quarterly revenue climbed to $11.12 billion, marking a 9% sequential increase, though landing marginally below the $11.26 billion Wall Street forecast as certain large-scale artificial intelligence customer deployments experienced timing shifts. SMCI achieved a quarterly gross margin of 17.6%, representing an approximately 892 basis point outperformance relative to analyst models. Forward Outlook Substantially Exceeds ProjectionsLooking ahead to fiscal 2027, SMCI provided revenue guidance spanning $65 billion to $72 billion. This range sits considerably above the Wall Street consensus forecast of $54.4 billion previously in place. Wall Street Analyst ResponseBernstein elevated its SMCI price target from $37 to $42 while maintaining a Market Perform rating.