Super Micro surges 15% on $60B in new orders, higher margins

Super Micro Computer received over $60 billion in new orders in the fiscal fourth quarter, sending shares up 15% after hours.

"The results reflect surging demand for AI infrastructure," Chief Executive Officer Charles Liang said in a preliminary business update Tuesday.

The company said gross margins will land between 15% and 17%, sharply higher than the 8.2% to 8.4% range it forecast in May. Revenue is expected near the low end of its $11.0 billion to $12.5 billion guidance range, compared with the $11.67 billion consensus estimate compiled by LSEG.

The margin expansion shows Super Micro benefiting from a more favorable product mix as it ships higher-value AI servers powered by Nvidia graphics processing units. The company's backlog hit a record at the end of fiscal 2026, with the $60 billion in new orders expected to be delivered over future quarters.

During the quarter, Liang posted on X that Super Micro was "proud to co-build another new Gigawatt AI datacenter for @SpaceX and @XAI within a year," highlighting the company's deepening ties with Elon Musk's companies. Rival server makers also gained on the news, with Dell Technologies rising 5% and Hewlett Packard Enterprise adding 4% in extended trading.

The preliminary results point to continued strong demand for AI computing infrastructure, with hyperscalers and enterprises racing to deploy Nvidia's latest chips. Super Micro's ability to convert its record backlog into revenue will be a key focus for investors.

The company plans to report full fourth-quarter and fiscal 2026 results on Aug. 11.

This article is for informational purposes only and does not constitute investment advice.