Super Micro Computer Shares Surge on Higher Margin Projections and Record AI Server Orders
En resumen
- Super Micro Computer's shares jumped 15% after the server maker announced higher gross margin projections (15-17%) for the June quarter, up from 8.2-8.4%, citing favorable customer and product mix.
- The company reported record backlog and over $60 billion in new orders, driven by surging demand for AI servers containing Nvidia GPUs, also boosting rivals Dell and HPE.
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Por qué importa
Super Micro Computer previously projected gross margins between 8.2% and 8.4% for the June quarter, a figure now revised upwards to 15% to 17%. The company's CEO, Charles Liang, had previously announced co-building an AI datacenter for SpaceX and xAI.
Shares of Super Micro Computer jumped 15% after the server maker said Tuesday it now sees higher margins than previously projected for the June quarter, with a surge in new orders.
The company said its gross margin and adjusted gross margin should come in between 15% and 17%, a step up from the range of 8.2% to 8.4% that management provided in May.
The revision is "primarily due to a favorable customer and product mix," Super Micro said in a preliminary business update.
Demand for servers containing Nvidia graphics processing units that run artificial intelligence models has been surging for Super Micro, as well as rivals Dell and Hewlett Packard Enterprise. Dell stock moved up 5% in extended trading after hours on Tuesday, while HPE gained 4%.
In June, Super Micro CEO Charles Liang wrote on X that he was "proud to co-build another new Gigawatt AI datacenter for @SpaceX and @XAI within a year." Elon Musk's SpaceX Musk's SpaceX acquired his AI venture, xAI, in an all-stock transaction in February, and is now known as SpaceXAI. SpaceX also owns and operates social network X.
For the June quarter, Super Micro now expects revenue to come in at the low end of its guidance range of $11.0 billion to $12.5 billion, according to Tuesday's statement. Analysts polled by LSEG were looking for $11.67 billion.
Super Micro said its backlog hit record levels at the end of the 2026 fiscal year, which ended on June 30. It had received over $60 billion in new orders in the fiscal fourth quarter.
"These new orders are expected to be delivered over future quarters," the company said.
Super Micro expects to hold an earnings call on Aug. 11.
Qué observar
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Super Micro Computer will hold an earnings call on August 11.
Muy probable · En semanas
Preguntas abiertas
- What specific customer and product mix drove the margin improvement?
- What is the exact delivery schedule for the $60 billion in new orders?
- What are the detailed financial results for the June quarter?
