Oracle, Supermicro Show AI Strength in Fiscal 2026 as Billions in Cash Burn Persist
Updated
Updated · Yahoo Finance · Aug 12
Oracle, Supermicro Show AI Strength in Fiscal 2026 as Billions in Cash Burn Persist
3 articles · Updated · Yahoo Finance · Aug 12
Summary
$638 billion in Oracle backlog and a doubled Supermicro gross margin underscored strong AI demand in fiscal 2026, even as both companies burned billions in cash.
Oracle’s cloud infrastructure revenue jumped 93% to $5.79 billion in Q4, helping total cloud reach $9.91 billion, 52% of quarterly sales, and supporting its $90 billion FY2027 revenue target.
Supermicro posted non-GAAP EPS of $1.70 versus a $0.96 consensus despite revenue of $11.12 billion missing estimates, while GAAP gross margin rose to 17.5% from 9.5% a year earlier.
72 Oracle multicloud datacenters embedded inside AWS, Google and Microsoft highlight its chip-neutral expansion strategy, while Supermicro’s biggest overhang remains an export-control review and broader governance risk.
Oracle’s 36% operating margin and multicloud footprint make it the cleaner AI infrastructure play, while Supermicro offers higher upside tied more directly to hardware-cycle execution.