According to Bloomberg, Meta is forming a business to generate revenue from excess computing power sold to outside customers as part of an internal initiative called Meta Compute.

The plans include two potential offerings. The first involves selling access to various AI models hosted on Meta’s existing infrastructure—similar to Amazon Web Services’ Bedrock offering—with Meta running the data centers and chips powering the models, including its own Muse Spark models, and charging developers to access them. The second involves selling access to raw computing capacity, similar to neocloud businesses like CoreWeave.

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SMCI updated their progress on their increased manufacturing capacity today. Looks like they are anticipating new customer demand.

https://x.com/Supermicro/status/2072385270494720185

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SINGAPORE, July 1 (Reuters) - Singapore Police said four people accused in an AI chip fraud case will face extra charges over alleged fraud and money laundering. Four companies will also face charges including fraud by false representation, the police said in a statement on Wednesday.

The charges relate to an investigation of fraud by falsely representing who would be the end-user of servers purchased from Dell, Super Micro Computer(SMCI) and Asus, the police said.

Article still using old guidance. The full-year fiscal 2026 guidance was raised to at least $40 billion, not $36 billion. The $36 billion figure was the earlier raised outlook, and then Supermicro later increased it again to $40 billion after its Q3 FY2026 results.

Charles Liang stated during the last earnings call: "if we grow more stably, our capital should be sufficient. If we try to double revenue again quickly, then we may need more help in total capital."

Can we assume future guidance will be at least $80 Billion?

AI Infrastructure Spending Creates New Wave of Semiconductor Ecosystem Winners

GLOBENEWSWIRE 8:30 AM ET 6/29/2026

How AI Spending Flows Through the Ecosystem

No company better illustrates the cascading effect of AI infrastructure spending than Super Micro Computer(SMCI). Supermicro does not design chips; rather, it assembles AI servers. Yet as hyperscalers and enterprises raced to deploy AI infrastructure, Supermicro's business grew to reflect that demand directly. The company's trajectory shows how transformative AI spending can be for companies operating one or two steps downstream from the headline chip designers.

The financial results are striking. In its second quarter of fiscal year 2026, Supermicro reported record net sales of $12.7 billion, more than double the revenue from the same quarter one year earlier. Full-year fiscal 2026 revenue guidance was subsequently raised to at least $36 billion. In June 2026, the company announced a $7 billion equity financing transaction to fund purchases of components needed to satisfy AI server orders it had recently received. These are not incremental milestones. They reflect explosive, sustained demand.

Supermicro's success creates demand throughout its own supply chain. The company relies on hundreds of component suppliers, manufacturing partners, automation systems, thermal management technologies and precision production capabilities to assemble its AI server platforms. As Supermicro scales production across its facilities in the United States, Taiwan, Malaysia, the Netherlands and the Middle East, its supplier ecosystem scales alongside it. The AI infrastructure boom is not confined to chip designers. It flows through to every layer of the production stack.

Gross Margin Structural Comparison

From SMCI Marketing:

"In the AI era, every data center is racing to seize massive opportunities. Yet, speed is everything. A delay in deployment can result in losing not just potential revenue, but entire business opportunities altogether. This is why Supermicro is laser-focused on one critical metric: Time-to-Online (TTO).

In 2024, Supermicro delivered the world’s first GigaWatt Liquid-Cooled AI Data Center in under five months. This year, we did it in under three. We continue to accelerate delivery through 33 years of experience and expertise, compounded by the strength of Data Center Building Block Solutions^(®) (DCBBS)."

Details are frustratingly scarce, but the Gigawatt projects SMCI disclosed for the Middle East, India, Europe, Korea, Singapore, and the US. paint a picture of immense opportunity. There have been mentions of additional early stage opportunities in Space, and Undersea during investor presentations. The SMCI investment instruments offered to institutions have maturity dates in 2028, 2029 and 2030. I don't expect SMCI to reach peak ROI in the near term, but when it does peak the wait will be worth it.

SMCI should be viewed as a capital intensive startup company that is on the verge of entering the elite Fortune 100.

Super Micro Computer Files Prospectus For Offering Mixed Shelf; Terms Undisclosed

Benzinga · Jun-09-2026 4:26 PM ET

https://www.sec.gov/Archives/edgar/data/1375365/000119312526263811/d31988ds3asr.htm

During last earnings call CEO said they would raise financing if they doubled revenue.

"If we grow more stably, our capital should be sufficient. If we try to double revenue again quickly, then we may need more help in total capital."

SMCI may have secured new massive multi billion dollar Sovereign scale orders.

New orders confirmed:

"The Company intends to use a portion of the net proceeds from the offerings, together with proceeds from the ATM program, to fund the purchase of components to satisfy the approximately $39 billion of orders that the Company has received in recent weeks for its advanced AI servers, including its Data Center Building Block Solutions, from more than 20 customers, that the Company plans to fulfill in future quarters. The Company may also use a portion of the net proceeds from the offerings for other general corporate purposes, which may include repayment of debt, additions to working capital and capital expenditures.'

Now it is up to SMCI management to leverage the TAM growth to secure favorable financing terms and mitigate dilution. Last year's Convertible had a $55 conversion price. Arguably, the company is worth more today than last year and ideally a new Convertible should have an $80+ conversion price.

SMCI cost of capital will likely also decrease. For example, the $2B JPMorgan credit facility (signed December 29, 2025) has performance-based incentives that the $39B new orders could help trigger. The CFO could also negotiate:

• Higher facility: $2B → $3B–$5B
• Lower margin: 1.125%–1.375% → 1.00%–1.25%
• Extended maturity: 2030 → 2035

Innovative Supermicro and Verda Project could be a 200MW $10 Billion Win.

I've estimated the project scale based on what would be needed to heat 15,000 homes. This design could become an important DCBBS module for future builds. If Supermicro captures the full integration value of compute hardware and software + liquid cooling + heat pump + district heating interface +management software + service contract then margins could easily exceed 15%-20%.

Projected Racks and Power for Verda (with Heat Transfer Inefficiency)

Key Parameters

Heat transfer chain (from IT to homes):

DLC-2 capture efficiency: 98% (liquid cooling captures ~98% of heat from chips)

Heat exchanger efficiency: 95% (2-5% loss transferring to district loop)

District heating pipe loss: 20% (15-25% loss in underground pipes)

Total system efficiency: 98% × 95% × 80% = 74.5%

Heat needed:

15,000 homes × 10 kW = 150 MW (winter peak for cold climate like Finland)

IT Load Required accounting for heat transfer inefficiency:

IT load = 150 MW ÷ 0.745 = ~201 MW IT load

So we could be looking at a 1500 rack GB-300 NVL-72 DCBBS core system install.

A key part of the innovation in this project likely involves the use of industrial scale heat pumps which will be used to raise the temperature of the water headed to the homes and then the same heat pumps can cool the return water for use in the datacenter.

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Supermicro was honored to host the President of Catalonia (Spain), Salvador Illa Roca, and officials from the President's office at the San Jose HQ for a wonderful time of dialogue and collaboration!

The visit brought together government leaders and Supermicro leadership, including Supermicro CEO & Founder Charles Liang, to strengthen and expand their strategic alliance, building trust and working to translate knowledge into shared prosperity.

We were also pleased to witness Prof. Mateo Valero, Director of Barcelona Supercomputing Center, sign an important MOU with Supermicro.

We look forward to continuing the dialogue and exploring future opportunities together.

Second senior appointment in the past two days. Are they close to a CFO appointment?

May 14 (Reuters) - Super Micro Computer Inc(SMCI):

* SUPERMICRO APPOINTS MATTHEW THAUBERGER AS CHIEF REVENUE OFFICER

SAN JOSE, Calif.--(BUSINESS WIRE)-- Super Micro Computer, Inc.(SMCI) , an AI, Enterprise, Storage, 5G/Edge Total Solution Provider with optimized Data Center Building Block Solutions ® (DCBBS), today announced the appointment of Matthew Thauberger as Chief Revenue Officer. Mr. Thauberger will oversee the Company’s global revenue organization across direct, channel, hyperscale, and strategic sales for its AI and infrastructure offerings.

“Matthew brings decades of leadership experience and a deep understanding of the business to this new role, and we are confident he will be instrumental in accelerating revenue growth for Supermicro,” said Charles Liang, Founder, President and CEO of Supermicro. “With the strength of our global team behind him, we are excited for Matthew to oversee and advance our sales initiatives. We see meaningful opportunities ahead and look forward to capturing the next wave of demand in AI and IT infrastructure.”

Mr. Thauberger is a seasoned executive with more than two decades of global experience leading international sales, strategic partnerships, and market expansion initiatives for AI computing organizations. As Supermicro’s Senior Vice President of Strategy and Business Development since April 2020, he has led several product launches, expanded the Company’s Fortune 500 customer pipeline, and helped position Supermicro for growth in the CSP and enterprise storage market. Prior to Supermicro, Mr. Thauberger was Vice President of Sales at Burlywood, Inc., and before that, General Manager of U.S. Sales at Inspur Systems. Earlier in his career he held executive leadership roles at AMAX, including Vice President of Global Sales and General Manager of EMEA Operations.

“I am honored to step into the role of Chief Revenue Officer as the Company enters its next stage of growth,” said Mr. Thauberger. “Having worked closely with Charles and the leadership team over the past several years, I recognize and appreciate Supermicro’s unmatched innovation, deep customer relationships, and attractive global opportunities. I look forward to leading the sales team at Supermicro to drive revenue growth across our AI and infrastructure solutions.”

In connection with this announcement, Don Clegg will retire from his role as Senior Vice President of Worldwide Sales. During his tenure with the Company, Supermicro has expanded global customer relationships and aligned its sales strategy to adapt and scale with fast-moving technology markets.

“We thank Don for his outstanding leadership and dedicated service to Supermicro,” said Liang. “We are poised for continued success and wish him all the best in his upcoming retirement.”

SMCI seems to think investors didn't get the message and reiterated guidance a week after earnings. Sovereign AI Factory installs in the pipeline should continue to fuel and accelerate FY2027.

It's fairly obvious that SMCI is planning on $100+ billion annual sales based on their expansion plans. Those plans are based on proprietary customer visibility that has probably been shared with Nvidia (locking in GPU allocation) and financial institutions providing their growth financing. If the CEO is right, then the market cap doesn't properly reflect a future elite Fortune 50 company.

>BENZINGA 5:40 PM ET 5/11/2026 Supermicro reiterated its Fiscal Year 2026 business outlook as previously stated on May 5, 2026. The Company expects net sales in the range of $11.0 billion and $12.5 billion for the fourth quarter of fiscal year 2026 ending June 30, 2026, GAAP net income per diluted share of $0.53 to $0.67 and non-GAAP net income per diluted share of $0.65 to $0.79. The Company's projections for GAAP and non-GAAP net income per diluted share assume a tax rate of approximately 19.4% and 20.4%, respectively, and a fully diluted share count of 695 million shares for GAAP and fully diluted share count of 712 million shares for non-GAAP. The outlook for the fourth quarter of fiscal year 2026 GAAP net income per diluted share includes approximately $95 million in expected stock-based compensation, net of related tax effects of $30 million that are excluded from non-GAAP net income per diluted share.

First, the software attach is accelerating. Management said high margin data center management software revenue went from under $10M per quarter a few quarters ago to $34M last quarter and more than $46M booked this quarter. Combine that with the growing Services contract base and you have compounding high margin Annually Recurring Revenue.

Second, the Design/consulting business for Sovereign AI Factories is scaling and SMCI is aggressively staffing to support this high demand high margin profit center. Management said, “We continue to grow that service team, consulting team, and the revenue continue to grow,”. That supports the thesis that design, consulting, and integration work inside DCBBS can improve overall mix and margins.

Third, backlog is still the big demand signal. The company said backlog reached another record high, and sovereign AI projects are clearly part of that pipeline. DataVolt is one example, and Hannam University is another recent sovereign customer. Partner and customer loyalty remain strong.

SMCI is increasingly looking like an AI Factory Prime Contractor with an expanding software and services stack, and not just a box builder/server vendor.

Anthropic’s CEO said the company expected roughly 10x growth in first quarter but is instead seeing about 80x, and that the surge has created real compute constraints. On CNBC today, Anthropic CEO said regarding compute, “we are going to acquire as much as we can get.” 

Anthropic also signed a deal to use the full capacity of Colossus 1 in Memphis, giving it access to a private AI cluster reported at roughly 300 MW and more than 220,000 Nvidia GPUs. That suggests frontier-model demand is now spilling beyond hyperscalers and into large external private-cluster arrangements. Bullish for SMCI.

Elon Musk is demonstrating that Compute is a more valuable currency than cash. He successfully acquired Cursor over Microsoft and VC cash bids by offering essential Compute resources as part of the package. Of course, this means he needs to build more Compute to fuel his wheel strategy.