SMCI Stock Tumbles 8% Overnight After $7B Offering Announcement to Fund $39B AI Order Backlog

According to Stocktwits, Super Micro Computer's shares fell more than 8% in overnight trading on Tuesday following the company's announcement of a $7 billion stock offering. The offering includes $1.25 billion in new shares, $3.75 billion in depositary shares, and up to $2 billion in at-the-market common stock sales beginning in Q3 2026.

Super Micro intends to use proceeds to fund approximately $39 billion in advanced AI server orders received in recent weeks from over 20 customers. The company's revenue surged 123% year over year to $10.2 billion in the most recent quarter, following a 100% increase in the prior period.