What happened: Supermicro (SMCI) stock jumped 24% in early trading on Wednesday.
What's behind the move: The AI server maker said after Tuesday's market close that it expects gross margins to nearly double, as it works through a record order backlog in the coming quarters.
"Backlog rose to record levels at the end of fiscal 2026 with total new orders in excess of $60 billion received during the fourth quarter of fiscal 2026," said the company in its business update.
Supermicro said it expects its gross margin to be in the range of 15% to 17%, significantly higher than the company's prior guidance of 8.2% to 8.4%, "primarily due to a favorable customer and product mix."
What else you need to know: Supermicro designs and builds servers and data center systems that incorporate semiconductors from chipmakers like Nvidia (NVDA), Intel (INTEL), and AMD (AMD).
#fiscal
What's behind the move: The AI server maker said after Tuesday's market close that it expects gross margins to nearly double, as it works through a record order backlog in the coming quarters.
"Backlog rose to record levels at the end of fiscal 2026 with total new orders in excess of $60 billion received during the fourth quarter of fiscal 2026," said the company in its business update.
Supermicro said it expects its gross margin to be in the range of 15% to 17%, significantly higher than the company's prior guidance of 8.2% to 8.4%, "primarily due to a favorable customer and product mix."
What else you need to know: Supermicro designs and builds servers and data center systems that incorporate semiconductors from chipmakers like Nvidia (NVDA), Intel (INTEL), and AMD (AMD).
#fiscal
8 days ago
