This Company Will Be the Biggest Beneficiary of Super Micro Computer’s Problems

Massive investments in data centers are driven by our growing need for data storage and processing power and the enormous requirements for artificial intelligence (AI) software. While some data centers are relatively small, others are larger than 100,000 square feet (often millions of square feet). Tech titans like Microsoft, amazon, alphabetand dead These are usually built into superbands Data centers.

For example, in 2025, Meta will begin construction on a 715,000-square-foot, $800 million campus in South Carolina, and Microsoft will begin a $1 billion project in La Porte, Indiana.

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As shown below, Hyperscale positions have been rising recently.

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This number exceeded 1,000 in 2024 and is expected to grow by 120 to 130 annually. These centers require infrastructure such as servers, storage, and racks, so investors should be excited about this opportunity.

Dell Technologies (NYSE: Dell) It is a major supplier to the industry, along with Super micro computer. Supermicro is facing some well-documented challenges right now, and Dell may be the main beneficiary. Here are some things to know.

Supermicro’s setbacks are well documented, so I won’t talk about them too much. Here is a brief timeline:

  • August: Hindenburg Research issues a scathing short report, and Supermicro postpones its annual 10-K filing.

  • September: Nasdaq I notified the company that it could be It has been deleted To delay its submission.

  • October: Supermicro’s audit firm, Ernst & Young, resigns.

  • November: The company postponed its quarterly 10-Q filing.

As of this writing, the stock is trading 84% below its 2024 high.

SMCI Data by YCharts

None of these weapons smoke alone; However, these are serious concerns.

It makes sense for a data center operator to cut through the noise and choose Dell for its infrastructure needs over Supermicro, which reported sales of $5.3 billion in the fourth quarter of fiscal 2024 ($15 billion for the fiscal year), with 64% attributable to Big data centers. Dell’s Infrastructure Solutions Group generated $11.6 billion in revenue in its most recent quarter, so taking billions of dollars in revenue from a competitor would be a huge boon.

Dell’s recent results are strong, but what analysts estimate for the next several years is even more exciting. Revenue grew 9% in the second quarter of fiscal 2025 to $25 billion, while diluted earnings per share (EPS) rose 86% to $1.17. As expected, Infrastructure Solutions Group, which serves data centers, achieved record sales of $11.6 billion with impressive 38% year-over-year growth.

Analysts expect $7.87 in EPS this fiscal year and more:

DELL Annual EPS Estimates; Data by YCharts.

For this reason, 20 out of 25 analysts rate the stock a Buy or Strong Buy with an average target of $145 per share, or 10% above the stock price at the time of this writing. However, analyst estimates may not yet take into account the possibility of Dell taking market share from Supermicro. This gives the stock more room to run.

Dell is also attractive because it pays dividends and buys back stock. The company intends to return 80% of adjusted free cash flow to shareholders and increase the dividend, currently at 1.3%, by 10% annually. Adjusted free cash flow was $5.6 billion in fiscal 2024 and $3.7 billion through two quarters of fiscal 2025. Free cash flow should grow substantially along with earnings.

Data center infrastructure needs are growing dramatically, and Dell appears to be the company best positioned to take advantage of them over the next several years. Technology investors should consider a long-term position in the stock.

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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, former director of market development and spokeswoman for Facebook and sister of Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Susan Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Bradley Guichard He has positions at Amazon and Dell Technologies. The Motley Fool has positions in and recommends Alphabet, Amazon, Meta Platforms, and Microsoft. The Motley Fool recommends the following options: long $395 January 2026 calls on Microsoft and short $405 January 2026 calls on Microsoft. The Motley Fool has Disclosure policy.

Prediction: This company will benefit the most from Super Micro Computer’s problems Originally published by The Motley Fool

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