Super Micro sees strong margins, books $60 billion in orders; shares jump
SMCI•Earlier financing plans
Super Micro had said in June it would raise $7 billion through a series of equity and equity-linked financing transactions and use the proceeds to fulfill orders worth about $39 billion for its advanced AI servers from more than 20 customers.
New orders and margin outlook
Super Micro Computer said on Tuesday it had secured more than $60 billion in new orders in the fourth quarter, and now expects gross margin to exceed its previous forecast, sending its shares surging 17.5% in extended trading.
The AI server maker expects gross margins in the range of 15% to 17% for the quarter ended June 30, well above its earlier forecast of 8.2% to 8.4%, "primarily due to a favorable customer and product mix."
Super Micro's backlog grew to "record levels" at the end of fiscal year 2026, it said in a preliminarily statement of results.
Revenue outlook and upcoming results
The company expects quarterly revenue near the low end of its $11 billion to $12.5 billion forecast range. Analysts expect revenue of $11.67 billion, according to data complied by LSEG.
The company is set to post quarterly results on August 11.
