SMCI secures $7.0 billion in financing to support a $39 billion backlog of AI server orders from over 20 customers.
Super Micro Computer (NASDAQ:SMCI) priced $7.0 billion in equity and equity-linked financing on June 11, 2026, to fund component purchases tied to $39 billion in AI server orders. The orders, from more than 20 customers, highlight demand for its rack-scale AI infrastructure solutions.
In Q3 2026, SMCI reported net sales of $10.2 billion, up from $4.6 billion a year earlier, while cash used in operations reached $6.6 billion. The company’s bank debt and convertible notes totaled $8.8 billion, reflecting heavy working-capital needs amid rapid growth.
The financing aims to bolster liquidity as SMCI scales production to meet surging AI-driven demand, positioning it as a key player in enterprise and data-center markets.