Bullish
Super Micro Computer's stock jumps 15% after reporting $60B order backlog and higher margins.
Super Micro Computer (SMCI) announced a record $60 billion order backlog for fiscal year 2026, leading to a 15% surge in its stock price. The company also raised its gross margin outlook to 15-17%, up from the previous forecast of 8.2-8.4%, citing a favorable customer and product mix.
Key points
- SMCI's stock surged 15% following the announcement of a $60 billion order backlog and improved margin outlook.
- The company expects quarterly revenue near the low end of its $11 billion to $12.5 billion forecast range.
- SMCI is set to post quarterly results on August 11.
Sources
AI-generated from public news sources. Not financial advice.
