{"id":2798,"date":"2026-08-13T13:27:19","date_gmt":"2026-08-13T13:27:19","guid":{"rendered":"https:\/\/www.iforbes.cz\/?p=2798"},"modified":"2026-08-13T13:27:19","modified_gmt":"2026-08-13T13:27:19","slug":"super-micro-zrychluje-expanzi-v-oblasti-ai-zisk-se-sestinasobne-zvysil-a-spolecnost-miri-k-72-miliardam-usd","status":"publish","type":"post","link":"https:\/\/www.iforbes.cz\/index.php\/2026\/08\/13\/super-micro-zrychluje-expanzi-v-oblasti-ai-zisk-se-sestinasobne-zvysil-a-spolecnost-miri-k-72-miliardam-usd\/","title":{"rendered":"Super Micro zrychluje expanzi v oblasti AI: zisk se \u0161estin\u00e1sobn\u011b zv\u00fd\u0161il a spole\u010dnost m\u00ed\u0159\u00ed k 72 miliard\u00e1m USD"},"content":{"rendered":"\n

Spole\u010dnost Super Micro Computer zve\u0159ejnila v\u00fdsledky za \u010dtvrt\u00e9 fisk\u00e1ln\u00ed \u010dtvrtlet\u00ed roku 2026 a potvrdila, \u017ee tempo r\u016fstu v segmentu infrastruktury pro um\u011blou inteligenci se d\u00e1le zrychluje. Sign\u00e1ly z t\u00e9to zpr\u00e1vy nazna\u010duj\u00ed v\u00fdraznou zm\u011bnu v rozsahu i dynamice podnik\u00e1n\u00ed, kter\u00e1 p\u0159esahuje b\u011b\u017en\u00e1 o\u010dek\u00e1v\u00e1n\u00ed trhu. Investo\u0159i okam\u017eit\u011b zareagovali, proto\u017ee v\u00fdhled spole\u010dnosti posouv\u00e1 dosavadn\u00ed p\u0159edstavy o jej\u00edm dal\u0161\u00edm r\u016fstu na novou \u00farove\u0148.<\/em><\/p>\n\n\n\n

Tr\u017eby se t\u00e9m\u011b\u0159 zdvojn\u00e1sobily, zisk vzrostl \u0161estin\u00e1sobn\u011b<\/strong><\/p>\n\n\n\n

Spole\u010dnost Super Micro dos\u00e1hla za \u010dtvrtlet\u00ed tr\u017eeb ve v\u00fd\u0161i 11,12 miliardy USD oproti 5,76 miliardy USD p\u0159ed rokem, co\u017e p\u0159edstavuje meziro\u010dn\u00ed r\u016fst p\u0159ibli\u017en\u011b o 93 %. \u010cist\u00fd zisk vzrostl je\u0161t\u011b v\u00fdrazn\u011bji, a to z 195 milion\u016f USD na 1,18 miliardy USD. Z\u0159ed\u011bn\u00fd zisk na akcii se zv\u00fd\u0161il z 0,31 USD na 1,62 USD a upraven\u00fd zisk na akcii podle ne-GAAP dos\u00e1hl 1,70 USD oproti 0,41 USD p\u0159ed rokem. Takov\u00fd rozd\u00edl mezi r\u016fstem tr\u017eeb a r\u016fstem zisku ukazuje, \u017ee se spole\u010dnosti v posledn\u00edm \u010dtvrtlet\u00ed poda\u0159ilo v\u00fdrazn\u011b zlep\u0161it ekonomiku sv\u00e9ho podnik\u00e1n\u00ed. Pro investory je to d\u016fle\u017eit\u00e9 zejm\u00e9na proto, \u017ee p\u0159i vysok\u00e9m r\u016fstu ji\u017e nesta\u010d\u00ed sledovat pouze objem prodan\u00fdch server\u016f, ale tak\u00e9 to, kolik zisku z tohoto r\u016fstu spole\u010dnost skute\u010dn\u011b vytv\u00e1\u0159\u00ed.[1]<\/a><\/p>\n\n\n\n

Siln\u00e9 \u010dtvrtlet\u00ed z\u00e1rove\u0148 zavr\u0161ilo rekordn\u00ed fisk\u00e1ln\u00ed rok, b\u011bhem n\u011bho\u017e spole\u010dnost Super Micro zv\u00fd\u0161ila tr\u017eby z p\u0159ibli\u017en\u011b 22 miliard USD na 39,1 miliardy USD. \u010cist\u00fd zisk za cel\u00fd rok vzrostl z p\u0159ibli\u017en\u011b 1 miliardy USD na 2,2 miliardy USD. Spole\u010dnost se tak b\u011bhem jedin\u00e9ho roku posunula do v\u00fdrazn\u011b vy\u0161\u0161\u00ed velikostn\u00ed kategorie, p\u0159i\u010dem\u017e hlavn\u00edm motorem z\u016fst\u00e1v\u00e1 rostouc\u00ed popt\u00e1vka po serverech, v\u00fdpo\u010detn\u00edch syst\u00e9mech a cel\u00e9 infrastruktu\u0159e ur\u010den\u00e9 pro um\u011blou inteligenci. Rozsah tohoto r\u016fstu z\u00e1rove\u0148 ukazuje, \u017ee spole\u010dnost Super Micro ji\u017e net\u011b\u017e\u00ed pouze z jednoho produktu nebo kr\u00e1tkodob\u00e9ho technologick\u00e9ho trendu, ale z masivn\u00edho investi\u010dn\u00edho cyklu do datov\u00fdch center pro um\u011blou inteligenci. St\u00e1le v\u011bt\u0161\u00ed velikost spole\u010dnosti v\u0161ak z\u00e1rove\u0148 zvy\u0161uje n\u00e1roky na v\u00fdrobu, dodavatelsk\u00e9 \u0159et\u011bzce a schopnost zvl\u00e1dat velk\u00e9 z\u00e1kaznick\u00e9 projekty bez zpo\u017ed\u011bn\u00ed.1<\/sup><\/p>\n\n\n\n

Nejv\u011bt\u0161\u00edm p\u0159ekvapen\u00edm byly mar\u017ee<\/strong><\/p>\n\n\n\n

Pro investory m\u016f\u017ee b\u00fdt je\u0161t\u011b d\u016fle\u017eit\u011bj\u0161\u00ed ne\u017e samotn\u00fd r\u016fst tr\u017eeb v\u00fdvoj hrub\u00e9 mar\u017ee. Ta dos\u00e1hla 17,5 %, zat\u00edmco v p\u0159edchoz\u00edm \u010dtvrtlet\u00ed \u010dinila pouze 9,9 % a p\u0159ed rokem 9,5 %. Spole\u010dnost Super Micro p\u0159itom na za\u010d\u00e1tku \u010dtvrtlet\u00ed o\u010dek\u00e1vala hrubou mar\u017ei pouze 8,2 a\u017e 8,4 % a je\u0161t\u011b v \u010dervenci zv\u00fd\u0161ila odhad na 15 a\u017e 17 %. Kone\u010dn\u00e9 \u010d\u00edslo tedy p\u0159ekonalo i aktualizovan\u00fd v\u00fdhled spole\u010dnosti. Takov\u00fd skok v mar\u017ei z\u00e1sadn\u011b m\u011bn\u00ed pohled na kvalitu v\u00fdsledk\u016f, proto\u017ee ukazuje, \u017ee r\u016fst tr\u017eeb tentokr\u00e1t nebyl vykoupen slab\u0161\u00ed ziskovost\u00ed. Pokud by se spole\u010dnosti poda\u0159ilo udr\u017eet vy\u0161\u0161\u00ed mar\u017ee i v dal\u0161\u00edch \u010dtvrtlet\u00edch, mohl by se v\u00fdrazn\u011b zlep\u0161it i jej\u00ed dlouhodob\u011bj\u0161\u00ed ziskov\u00fd profil.1[2]<\/a><\/sup> [1]<\/p>\n\n\n\n

Finan\u010dn\u00ed \u0159editel David Weigand p\u0159ipsal toto zlep\u0161en\u00ed p\u0159\u00edzniv\u011bj\u0161\u00edmu slo\u017een\u00ed produkt\u016f a z\u00e1kazn\u00edk\u016f, p\u0159i\u010dem\u017e \u010d\u00e1st smluv s odli\u0161nou strukturou mar\u017e\u00ed byla p\u0159esunuta do n\u00e1sleduj\u00edc\u00edho \u010dtvrtlet\u00ed. Pr\u00e1v\u011b mar\u017ee byly v posledn\u00ed dob\u011b jedn\u00edm z nejv\u011bt\u0161\u00edch t\u00e9mat kolem spole\u010dnosti Super Micro, proto\u017ee prudk\u00fd r\u016fst prodeje AI server\u016f automaticky neznamenal stejn\u011b prudk\u00fd r\u016fst ziskovosti. V\u00fdsledky za 4. \u010dtvrtlet\u00ed v\u0161ak uk\u00e1zaly, \u017ee p\u0159i vhodn\u00e9m produktov\u00e9m a z\u00e1kaznick\u00e9m mixu dok\u00e1\u017ee spole\u010dnost generovat v\u00fdrazn\u011b vy\u0161\u0161\u00ed zisk z ka\u017ed\u00e9ho dolaru tr\u017eeb. Z\u00e1rove\u0148 v\u0161ak bude d\u016fle\u017eit\u00e9 sledovat, zda vysok\u00e1 mar\u017ee nebyla \u010d\u00e1ste\u010dn\u011b v\u00fdsledkem mimo\u0159\u00e1dn\u011b p\u0159\u00edzniv\u00e9ho slo\u017een\u00ed objedn\u00e1vek v jednom \u010dtvrtlet\u00ed. Dal\u0161\u00ed v\u00fdsledky tak uk\u00e1\u017eou, zda se jednalo o trvalej\u0161\u00ed zm\u011bnu, nebo sp\u00ed\u0161e o kr\u00e1tkodob\u00fd v\u00fdkyv.2<\/sup><\/p>\n\n\n\n

Objedn\u00e1vky v hodnot\u011b v\u00edce ne\u017e 60 miliard USD ukazuj\u00ed s\u00edlu popt\u00e1vky po AI<\/strong><\/p>\n\n\n\n

Dal\u0161\u00edm z\u00e1sadn\u00edm \u010d\u00edslem je v\u00edce ne\u017e 60 miliard USD nov\u00fdch objedn\u00e1vek, kter\u00e9 spole\u010dnost Super Micro z\u00edskala b\u011bhem \u010dtvrt\u00e9ho \u010dtvrtlet\u00ed. Objem nevy\u0159\u00edzen\u00fdch objedn\u00e1vek spole\u010dnosti se d\u00edky tomu na konci fisk\u00e1ln\u00edho roku dostal na rekordn\u00ed \u00farove\u0148 a jejich dod\u00e1vky jsou rozlo\u017eeny do dal\u0161\u00edch \u010dtvrtlet\u00ed. Objem objedn\u00e1vek je mimo\u0159\u00e1dn\u00fd i ve srovn\u00e1n\u00ed s celoro\u010dn\u00edmi tr\u017ebami ve v\u00fd\u0161i 39,1 miliardy USD a ukazuje, jak velk\u00fd objem kapit\u00e1lu dnes sm\u011b\u0159uje do v\u00fdstavby datov\u00fdch center pro AI. Pro spole\u010dnost Super Micro to znamen\u00e1 v\u00fdrazn\u011b lep\u0161\u00ed p\u0159ehled o budouc\u00edch p\u0159\u00edjmech, proto\u017ee velk\u00e1 \u010d\u00e1st v\u00fdrobn\u00ed kapacity m\u016f\u017ee b\u00fdt v\u00e1z\u00e1na na ji\u017e dohodnut\u00e9 projekty. Z\u00e1rove\u0148 je to dal\u0161\u00ed sign\u00e1l, \u017ee investice do infrastruktury pro um\u011blou inteligenci z\u016fst\u00e1vaj\u00ed i po n\u011bkolika letech boomu mimo\u0159\u00e1dn\u011b siln\u00e9.1<\/sup><\/p>\n\n\n\n

Toto \u010d\u00edslo je v\u0161ak t\u0159eba interpretovat opatrn\u011b. Samotn\u00e1 spole\u010dnost Super Micro upozor\u0148uje, \u017ee \u010d\u00e1st objedn\u00e1vek nemus\u00ed p\u0159edstavovat pevn\u00e9 z\u00e1vazky a m\u016f\u017ee b\u00fdt zru\u0161ena nebo odlo\u017eena. Pro investory proto nebude rozhoduj\u00edc\u00ed pouze velikost nevy\u0159\u00edzen\u00fdch objedn\u00e1vek, ale p\u0159edev\u0161\u00edm schopnost spole\u010dnosti tyto objedn\u00e1vky prom\u011bnit v re\u00e1ln\u00e9 tr\u017eby, hotovost a zisk. V n\u00e1sleduj\u00edc\u00edch \u010dtvrtlet\u00edch bude proto d\u016fle\u017eit\u00e9 sledovat nejen tempo r\u016fstu tr\u017eeb, ale tak\u00e9 to, zda vysok\u00fd objem objedn\u00e1vek nebude vyv\u00edjet tlak na mar\u017ee nebo provozn\u00ed kapit\u00e1l. P\u0159i takov\u00e9m rozsahu projekt\u016f m\u016f\u017ee i men\u0161\u00ed posun v harmonogramu v\u00fdrazn\u011b ovlivnit v\u00fdsledky jednotliv\u00fdch \u010dtvrtlet\u00ed. Rekordn\u00ed objem nevy\u0159\u00edzen\u00fdch objedn\u00e1vek je proto velmi siln\u00fdm sign\u00e1lem popt\u00e1vky, ale s\u00e1m o sob\u011b je\u0161t\u011b nezaru\u010duje, \u017ee se cel\u00fd objem objedn\u00e1vek prom\u011bn\u00ed v tr\u017eby p\u0159esn\u011b podle dne\u0161n\u00edch o\u010dek\u00e1v\u00e1n\u00ed.1<\/sup> [2]<\/sup><\/p>\n\n\n\n

V\u00fdhled na rok 2027 v\u00fdrazn\u011b p\u0159ekonal o\u010dek\u00e1v\u00e1n\u00ed Wall Street<\/strong><\/p>\n\n\n\n

Spole\u010dnost Super Micro o\u010dek\u00e1v\u00e1 za cel\u00fd fisk\u00e1ln\u00ed rok 2027 tr\u017eby v rozmez\u00ed 65 a\u017e 72 miliard USD. Podle \u00fadaj\u016f LSEG analytici p\u0159ed zve\u0159ejn\u011bn\u00edm v\u00fdsledk\u016f po\u010d\u00edtali v pr\u016fm\u011bru pouze s p\u0159ibli\u017en\u011b 52,5 miliardami USD. St\u0159edn\u00ed hodnota v\u00fdhledu spole\u010dnosti \u010din\u00ed 68,5 miliardy USD, co\u017e by oproti tr\u017eb\u00e1m ve v\u00fd\u0161i 39,1 miliardy USD za fisk\u00e1ln\u00ed rok 2026 znamenalo r\u016fst p\u0159ibli\u017en\u011b o 75 %. Takov\u00e9 tempo u spole\u010dnosti, kter\u00e1 ji\u017e generuje des\u00edtky miliard dolar\u016f ro\u010dn\u00edch tr\u017eeb, ukazuje rozsah sou\u010dasn\u00e9ho investi\u010dn\u00edho cyklu v infrastruktu\u0159e um\u011bl\u00e9 inteligence. Rozd\u00edl mezi v\u00fdhledem spole\u010dnosti a p\u016fvodn\u00edmi o\u010dek\u00e1v\u00e1n\u00edmi analytik\u016f je z\u00e1rove\u0148 dostate\u010dn\u011b velk\u00fd na to, aby mohl v\u00e9st k v\u00fdrazn\u00e9mu p\u0159ehodnocen\u00ed progn\u00f3z Wall Streetu. Pokud se spole\u010dnosti poda\u0159\u00ed p\u0159ibl\u00ed\u017eit se k horn\u00ed hranici v\u00fdhledu, Super Micro by b\u011bhem dvou let v\u00edce ne\u017e ztrojn\u00e1sobila sv\u00e9 ro\u010dn\u00ed tr\u017eby.12<\/sup> [3]<\/p>\n\n\n\n

Spole\u010dnost z\u00e1rove\u0148 uvedla, \u017ee b\u011bhem fisk\u00e1ln\u00edho roku 2026 m\u011bla ji\u017e dev\u011bt z\u00e1kazn\u00edk\u016f, z nich\u017e ka\u017ed\u00fd p\u0159inesl tr\u017eby p\u0159esahuj\u00edc\u00ed 1 miliardu USD. O rok d\u0159\u00edve byli takov\u00ed z\u00e1kazn\u00edci pouze \u010dty\u0159i. Pozitivn\u00ed v\u00fdhled se nav\u00edc net\u00fdk\u00e1 pouze cel\u00e9ho roku. Ji\u017e v prvn\u00edm \u010dtvrtlet\u00ed fisk\u00e1ln\u00edho roku 2027 o\u010dek\u00e1v\u00e1 Super Micro tr\u017eby ve v\u00fd\u0161i 14,5 a\u017e 15,5 miliardy USD, zat\u00edmco konsensus Wall Streetu p\u0159ed zve\u0159ejn\u011bn\u00edm v\u00fdsledk\u016f \u010dinil p\u0159ibli\u017en\u011b 11,8 miliardy USD. Upraven\u00fd zisk na akcii by m\u011bl dos\u00e1hnout 1,01 a\u017e 1,10 USD oproti o\u010dek\u00e1v\u00e1n\u00edm analytik\u016f ve v\u00fd\u0161i p\u0159ibli\u017en\u011b 0,72 USD. Veden\u00ed t\u00edm vys\u00edl\u00e1 sign\u00e1l, \u017ee prudk\u00fd r\u016fst by m\u011bl pokra\u010dovat prakticky okam\u017eit\u011b a nejde pouze o ambici\u00f3zn\u00ed celoro\u010dn\u00ed c\u00edl zalo\u017een\u00fd na vzd\u00e1len\u011bj\u0161\u00edch projektech. Z\u00e1rove\u0148 v\u0161ak n\u00e1r\u016fst po\u010dtu velk\u00fdch z\u00e1kazn\u00edk\u016f zvy\u0161uje v\u00fdznam jednotliv\u00fdch kontrakt\u016f a m\u016f\u017ee p\u0159in\u00e1\u0161et v\u011bt\u0161\u00ed volatilitu mezi jednotliv\u00fdmi \u010dtvrtlet\u00edmi.1[3]<\/a><\/sup> [4]<\/p>\n\n\n\n

Siln\u00e9 v\u00fdsledky neznamenaj\u00ed, \u017ee rizika zmizela<\/strong><\/p>\n\n\n\n

V\u00fdsledky nebyly bez slab\u0161\u00edch m\u00edst. \u010ctvrtletn\u00ed tr\u017eby ve v\u00fd\u0161i 11,12 miliardy USD z\u016fstaly pod pr\u016fm\u011brn\u00fdm odhadem analytik\u016f ve v\u00fd\u0161i 11,55 miliardy USD a skon\u010dily bl\u00edzko doln\u00ed hranice p\u0159edchoz\u00edho v\u00fdhledu spole\u010dnosti. Gener\u00e1ln\u00ed \u0159editel Charles Liang vysv\u011btlil slab\u0161\u00ed tr\u017eby kr\u00e1tkodob\u00fdmi odklady na stran\u011b z\u00e1kazn\u00edk\u016f souvisej\u00edc\u00edmi s elektrickou energi\u00ed, chlazen\u00edm a s\u00ed\u0165ovou infrastrukturou. Spole\u010dnost Super Micro je tak st\u00e1le v\u00edce z\u00e1visl\u00e1 na tom, jak rychle dok\u00e1\u017eou z\u00e1kazn\u00edci p\u0159ipravit cel\u00e1 datov\u00e1 centra na instalaci jej\u00edch syst\u00e9m\u016f. Tento probl\u00e9m z\u00e1rove\u0148 ukazuje, \u017ee limitem dal\u0161\u00edho r\u016fstu ji\u017e nemus\u00ed b\u00fdt pouze dostupnost \u010dip\u016f nebo v\u00fdrobn\u00ed kapacita samotn\u00e9 spole\u010dnosti Super Micro. St\u00e1le v\u011bt\u0161\u00ed roli hraje schopnost z\u00e1kazn\u00edk\u016f zajistit dostatek elektrick\u00e9 energie, chladic\u00edch syst\u00e9m\u016f a dal\u0161\u00ed infrastruktury pot\u0159ebn\u00e9 pro v\u00fdkonn\u00e9 servery um\u011bl\u00e9 inteligence.2<\/sup><\/p>\n\n\n\n

Pozornost investor\u016f si zaslou\u017e\u00ed tak\u00e9 skute\u010dnost, \u017ee zve\u0159ejn\u011bn\u00e9 v\u00fdsledky za \u010dtvrt\u00e9 \u010dtvrtlet\u00ed a cel\u00fd fisk\u00e1ln\u00ed rok 2026 zat\u00edm nebyly auditov\u00e1ny. P\u0159edstavenstvo spole\u010dnosti z\u00e1rove\u0148 pokra\u010duje v nez\u00e1visl\u00e9m prov\u011b\u0159ov\u00e1n\u00ed vybran\u00fdch transakc\u00ed souvisej\u00edc\u00edch s dodr\u017eov\u00e1n\u00edm exportn\u00edch pravidel. Spole\u010dnost Super Micro tedy vstupuje do nov\u00e9ho fisk\u00e1ln\u00edho roku s rekordn\u00ed popt\u00e1vkou, prudce rostouc\u00edm ziskem a v\u00fdhledem v\u00fdrazn\u011b p\u0159evy\u0161uj\u00edc\u00edm o\u010dek\u00e1v\u00e1n\u00ed trhu, z\u00e1rove\u0148 v\u0161ak mus\u00ed prok\u00e1zat, \u017ee vy\u0161\u0161\u00ed mar\u017ee je udr\u017eiteln\u00e1 a \u017ee extr\u00e9mn\u011b rychl\u00fd r\u016fst zvl\u00e1dne bez provozn\u00edch a regula\u010dn\u00edch komplikac\u00ed. Investo\u0159i proto budou v n\u00e1sleduj\u00edc\u00edch \u010dtvrtlet\u00edch sledovat nejen r\u016fst tr\u017eeb, ale tak\u00e9 kvalitu zisku, cash flow a schopnost spole\u010dnosti plnit vlastn\u00ed progn\u00f3zy. Pokud spole\u010dnost Super Micro tato o\u010dek\u00e1v\u00e1n\u00ed napln\u00ed, v\u00fdsledky za 4. \u010dtvrtlet\u00ed 2026 mohou p\u0159edstavovat okam\u017eik, kdy se spole\u010dnost definitivn\u011b za\u0159ad\u00ed mezi nejv\u00fdznamn\u011bj\u0161\u00ed v\u00edt\u011bze v oblasti infrastruktury sou\u010dasn\u00e9ho investi\u010dn\u00edho cyklu v oblasti um\u011bl\u00e9 inteligence. [5]<\/p>\n\n\n\n

David Matulay, analytik <\/strong>InvestingFox<\/strong><\/a><\/strong><\/p>\n\n\n\n

[1,2,3,4,5] V\u00fdhledov\u00e1 prohl\u00e1\u0161en\u00ed vych\u00e1zej\u00ed z p\u0159edpoklad\u016f a aktu\u00e1ln\u00edch o\u010dek\u00e1v\u00e1n\u00ed, kter\u00e1 mohou b\u00fdt nep\u0159esn\u00e1, nebo z aktu\u00e1ln\u00edho ekonomick\u00e9ho prost\u0159ed\u00ed, kter\u00e9 se m\u016f\u017ee zm\u011bnit. Takov\u00e1 prohl\u00e1\u0161en\u00ed nejsou z\u00e1rukou budouc\u00ed v\u00fdkonnosti. Zahrnuj\u00ed rizika a dal\u0161\u00ed nejistoty, kter\u00e9 lze jen t\u011b\u017eko p\u0159edv\u00eddat. V\u00fdsledky se mohou podstatn\u011b li\u0161it od v\u00fdsledk\u016f vyj\u00e1d\u0159en\u00fdch nebo implikovan\u00fdch v jak\u00fdchkoli v\u00fdhledov\u00fdch prohl\u00e1\u0161en\u00edch.<\/a> Upozorn\u011bn\u00ed! Tento marketingov\u00fd materi\u00e1l nen\u00ed a nesm\u00ed b\u00fdt ch\u00e1p\u00e1n jako investi\u010dn\u00ed poradenstv\u00ed. \u00dadaje t\u00fdkaj\u00edc\u00ed se minulosti nejsou z\u00e1rukou budouc\u00edch v\u00fdnos\u016f. Investice v ciz\u00ed m\u011bn\u011b mohou ovlivnit v\u00fdnosy v d\u016fsledku kurzov\u00fdch v\u00fdkyv\u016f. Ve\u0161ker\u00e9 obchody s cenn\u00fdmi pap\u00edry mohou v\u00e9st jak k zisk\u016fm, tak ke ztr\u00e1t\u00e1m. V\u00fdhledov\u00e1 prohl\u00e1\u0161en\u00ed p\u0159edstavuj\u00ed p\u0159edpoklady a aktu\u00e1ln\u00ed o\u010dek\u00e1v\u00e1n\u00ed, kter\u00e1 nemus\u00ed b\u00fdt p\u0159esn\u00e1, nebo vych\u00e1zej\u00ed z aktu\u00e1ln\u00edho ekonomick\u00e9ho prost\u0159ed\u00ed, kter\u00e9 se m\u016f\u017ee zm\u011bnit. Tato prohl\u00e1\u0161en\u00ed nezaru\u010duj\u00ed budouc\u00ed v\u00fdkonnost. InvestingFox<\/a> je obchodn\u00ed zna\u010dka spole\u010dnosti CAPITAL MARKETS, o.c.p., a.s., regulovan\u00e9 N\u00e1rodn\u00ed bankou Slovenska.<\/p>\n\n\n\n

\n\n\n\n

[1]<\/a> https:\/\/ir.supermicro.com\/news\/news-details\/2026\/Supermicro-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Financial-Results\/default.aspx<\/a><\/p>\n\n\n\n

[2]<\/a> https:\/\/www.reuters.com\/business\/super-micro-forecasts-upbeat-annual-revenue-2026-08-11\/<\/a><\/p>\n\n\n\n

[3]<\/a> https:\/\/www.marketwatch.com\/story\/super-micros-earnings-report-brings-more-good-news-and-the-stock-is-climbing-30e5ca89<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Spole\u010dnost Super Micro Computer zve\u0159ejnila v\u00fdsledky za \u010dtvrt\u00e9 fisk\u00e1ln\u00ed \u010dtvrtlet\u00ed roku 2026 a potvrdila, \u017ee tempo r\u016fstu v segmentu infrastruktury<\/p>\n","protected":false},"author":1,"featured_media":2546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout"},"categories":[58],"tags":[],"_links":{"self":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2798"}],"collection":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/comments?post=2798"}],"version-history":[{"count":1,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2798\/revisions"}],"predecessor-version":[{"id":2799,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2798\/revisions\/2799"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/media\/2546"}],"wp:attachment":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/media?parent=2798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/categories?post=2798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/tags?post=2798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}