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Super Micro Computer: Super Micro Computer's stock climbed 15% on Tuesday.
The jump came after the server manufacturer raised its margin forecast for the June quarter.
Company officials cited a sharp rise in new customer orders.
Super Micro now projects its gross margin and adjusted gross margin will land between 15% and 17%.
That marks a significant increase from the 8.2% to 8.4% range the company forecast back in May.
Executives attributed the improved outlook to a more favorable mix of customers and products, according to a preliminary business update released Tuesday.
The server maker continues to benefit from soaring demand for AI infrastructure.
Servers equipped with Nvidia's graphics processing units remain critical for running artificial intelligence models.
That demand has lifted Super Micro alongside competitors Dell and Hewlett Packard Enterprise.
Dell shares rose 5% in after-hours trading Tuesday. HPE stock gained 4% over the same period.
Super Micro CEO Charles Liang highlighted the company's AI infrastructure work last month.
He posted on X in June that he was proud to help build another gigawatt-scale AI data center for SpaceX and xAI within a year's time. Elon Musk owns both SpaceX and the X platform.
Despite the margin improvement, revenue for the June quarter is expected to land at the lower end of guidance.
Super Micro had projected revenue between $11 billion and $12.5 billion. Analysts surveyed by LSEG had forecast $11.67 billion for the quarter.
The company also reported record-high order backlogs at the close of its 2026 fiscal year, which ended June 30.
Super Micro received more than $60 billion in new orders during the fiscal fourth quarter alone.
Company officials said those orders will be fulfilled across upcoming quarters.
Super Micro plans to hold its earnings call on Aug. 11.
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