Super Micro falls on plan to raise $7 billion in equity offerings

Super Micro Computer

09/06/2026 22:30

** AI server maker Super Micro Computer's SMCI.O shares fall 10.2% to $36.50 after the bell
** SMCI says it is raising $7 billion in equity and equity-linked deals to buy components to meet its AI order backlog
** The transactions comprise two parts: $5 billion in underwritten public offerings and up to $2 billion at-the-market offering program for common stock
** SMCI intends to use a part of the net proceeds to purchase components needed to fulfill nearly $39 billion in recent orders for its advanced AI servers
** SMCI has risen 38.6% YTD


 (Reporting by Juby Babu in Mexico City)
 ((Juby.Babu@thomsonreuters.com;))