The IT hardware firm will use proceeds to fund component purchases for AI servers amid surging demand from over 20 customers.
Super Micro Computer will raise $7bn through equity and equity-linked offerings to finance component purchases for its AI servers. The company aims to fulfill $39bn in orders received from more than 20 customers in recent weeks, driven by demand for its Data Center Building Block Solutions.
The fundraising includes a $5bn underwritten public offering, split into $3.75bn in depositary shares and $1.25bn in common stock, with underwriters holding a 30-day option for additional shares. An at-the-market offering program, targeting up to $2bn, is planned for 2026 and will be managed by J.P. Morgan, Goldman Sachs, and Citigroup.
Shares fell 8% in extended trading following the announcement, reflecting investor reaction to the equity offering. Proceeds may also be used for debt repayment, working capital, and capital expenditures.