Supermicro announces $7.0 billion in concurrent equity and equity-linked financing to fund component purchases for approximately $39 billion in recent AI server orders.

Supermicro is conducting two concurrent underwritten public offerings totaling $5.0 billion (approximately $1.25 billion in common stock and approximately $3.75 billion in depositary shares), plus an at-the-market offering program of up to $2.0 billion in common stock expected to begin no earlier than the third quarter of 2026.

The company has received approximately $39 billion of orders in recent weeks for its advanced AI servers from more than 20 customers and plans to use net proceeds from the offerings to purchase components to satisfy these orders in future quarters.

Underwriters will receive a 30-day over-allotment option, and J.P. Morgan, Goldman Sachs & Co. LLC, and Citigroup will serve as managers for the at-the-market offering program.