Super Micro Posts 78% Fiscal 2026 Revenue Growth, Guides FY27 to $65-$72 Billion

TD SYNNEX is scheduled to report third-quarter fiscal 2026 results on Sept. 24, before market open. The company expects non-GAAP earnings per share between $4.25 and $4.75, against a consensus mark of $4.64 per share, which would represent an increase of 29.6% from the prior-year quarter's reported figure. Revenue for the quarter is expected between $18.2 billion and $19 billion, with the consensus estimate pegged at $18.8 billion, suggesting growth of approximately 20% from the year-ago quarter. TD SYNNEX has beaten the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 21.7%, and the Zacks model predicts another beat this time, with an Earnings ESP of +7.37% and a Zacks Rank #2. Growth is expected to be supported by demand for AI infrastructure, enterprise IT modernization, cloud and cybersecurity, with the Hyve Solutions division remaining a key driver as hyperscalers expand AI and cloud infrastructure deployments.

Dell Technologies said it booked a record $60.9 billion in AI-server orders and generated $16.4 billion in AI-server revenues in the second quarter of fiscal 2027, exiting the period with a $95 billion backlog. The company said more than 6,500 customers are buying its Dell AI Factory offering, with 3,300 added over the past three quarters, spanning Neoclouds, sovereign customers and enterprises. Dell expects fiscal 2027 AI-server revenues of $74 billion, roughly three times the prior-year level, and estimates an addressable opportunity of more than $1 trillion, about half of the data-center demand it expects AI to drive by 2030. Competition is intensifying: Super Micro Computer entered fiscal 2027 with more than $60 billion in new orders and is targeting manufacturing capacity of more than 6,000 racks per month, while Cisco generated $9.3 billion in hyperscaler AI infrastructure orders in fiscal 2026. Dell shares have appreciated 351.2% year to date, and the Zacks Consensus Estimate for Dell earnings stands at $6.64 per share, up $2.12 over the past 30 days.

Nvidia CEO Jensen Huang said the company could sell twice as many chips next year compared to this year, speaking during a speech in Scotland last Thursday. Nvidia just started shipping its next-generation data center system, Vera Rubin, which includes the Rubin GPU, the Vera central processing unit, and upgraded networking components, and can deliver up to 30 times more performance than the equivalent Blackwell Ultra system while cutting inference token costs by 97%. Huang said every frontier AI company planned to adopt Vera Rubin at launch, unlike Blackwell Ultra. Nvidia is on track to deliver around $411 billion in total revenue during its current 2027 fiscal year, based on Wall Street's average estimate, and management recently told shareholders to expect 70% revenue growth in fiscal 2028, implying almost $700 billion next year. Nvidia stock trades at a price-to-earnings ratio of 28.1, less than half its 10-year average of 61.4, though risks include roughly $175 billion of fiscal 2028 sales potentially funded by Nvidia's own balance sheet, about 25% of that year's revenue according to CFO Colette Kress.