SMCI Stock Split: What’s Next for Investors?

SMCI Stock Split: What’s Next for Investors?

When investors search for SMCI stock split, they usually want three things fast. What happened and on which dates. How their shares, price, options, and cost basis changed. What actually drove the stock after the split. This guide gives you clear answers first, then adds the context that decides performance in 2025 and beyond.

What Happened in the SMCI Stock Split

Super Micro Computer completed a 10-for-1 forward stock split, effective 5 p.m. ET on September 30, 2024. Shares began trading split-adjusted on October 1, 2024. The ticker remained SMCI, and the common-stock CUSIP changed to 86800U302.

The split multiplied the share count by ten and reduced the price per share to roughly one tenth of the pre split level. If you held one share at about 416 dollars before the split, you held ten shares at about 41 dollars and 60 cents after the split.

The total position value did not change because of the split itself. Aggregate cost basis also stayed the same, now allocated across more shares. Most brokers reflected the adjustment automatically on account statements and charts from October 1, 2024.

Options And Trading Practicalities

Listed options were adjusted so that the contract deliverables preserved the same economic exposure. The notional value changed to reflect the new share count while keeping option holders whole. If you held contracts through the effective date, check your broker’s corporate action notice or OCC adjustment details to see the new deliverable language and any temporary symbol conventions used during the transition.

Why Companies Split Their Stock

A stock split doesn’t change market cap or fundamentals. It is a technical move to make shares appear more accessible. Companies usually perform stock split after significant appreciation to increase liquidity and attract retail investors. Any move afterward reflects the business and news flow, not the split itself.

What Drove SMCI After The Split

Post-split volatility came from corporate events, not the mechanics of the split. In late 2024, Ernst & Young resigned as auditor, a special committee found no evidence of fraud, and SMCI appointed BDO as its new auditor. By February 2025, the company filed its delayed reports and regained Nasdaq compliance, though filings still noted internal-control weaknesses to be addressed.

These updates, rather than the split ratio, shaped the market’s view of Supermicro’s credibility and valuation.

Forecasts And Analyst Views

Analysts are split between a strong bull case and cautious realism.

Execution Edge (Bull Case)

Rosenblatt’s Hans Mosesmann praises SMCI’s speed-to-market model. Its modular, liquid-cooled racks and internal manufacturing allow faster response when Nvidia, AMD, or Intel launch new chips. This agility helped Supermicro capture early leadership in AI servers, a market expected to grow about 30% annually through 2033.

Commodity Risk (Bear Case)

Susquehanna’s Mehdi Hosseini argues SMCI remains a contract manufacturer assembling components from others, lacking deep proprietary innovation. If larger OEMs like Dell or HPE cut prices, SMCI could feel pressure on margins.

Street Targets and Valuation Outlook

Loop Capital’s target price recently implied around 105% upside, showing optimism around the company’s growth and recovery. Wall Street as a whole expects earnings to grow about 20% annually through fiscal 2026 (ending June 2026). That pace, combined with a current valuation near 13 times forward earnings, suggests the stock still trades at a discount to its expected growth rate. A point many long-term investors highlight after the SMCI stock split made shares optically more affordable.

Together, these views paint a balanced picture: SMCI is seen as a leader in a fast-growing niche but faces execution and margin tests in 2025–2026.

SMCI Stock Earnings And Margins In Focus

Recent reports showed strong revenue growth alongside tighter gross margins, a combination that can flatten near term earnings if pricing power softens. That mix of rapid top line expansion and margin pressure is a key lens for reading the next few quarters. Watch how order timing, component availability, and big customer ramps affect both utilisation and pricing.

What To Watch Through 2026

Three checkpoints will likely guide performance:

• Guidance vs. Street expectations: Whether SMCI’s revenue and EPS growth stays near the high end of forecasts.
• AI server adoption: The rollout pace of new liquid-cooled systems and chip upgrades from Nvidia, AMD, and Intel.
• Governance progress: Continued transparency and improved internal controls, which could help re-rate the valuation.

If SMCI maintains its current growth trajectory and improves margins, the bullish case for another strong leg higher gains weight. If execution falters, the narrative could revert to a lower-multiple, high-volatility story.

FAQs

Did the ticker change
No. The ticker remains SMCI. The CUSIP changed to 86800U302.

When did split adjusted trading begin
October 1, 2024 at the market open.

Will SMCI stock split again soon
There is no announced plan. Another split would depend on future price levels and a new board decision.