Super Micro books more than $60 billion in Q4 orders, lifts gross margin outlook

Super Micro Computer said on Tuesday it had secured more than $60 billion in new orders in the fourth quarter and now expects gross margin to exceed its previous forecast, sending its shares surging 17.5% in extended trading, Reuters reported. The AI server maker expects gross margins in the range of 15% to 17% for the quarter ended June 30, well above its earlier forecast of 8.2% to 8.4%, "primarily due to a favorable customer and product mix." Super Micro said its backlog grew to "record levels" at the end of fiscal year 2026 in a preliminary statement of results. The company expects quarterly revenue near the low end of its $11 billion to $12.5 billion forecast range. Analysts expect revenue of $11.67 billion, according to data complied by LSEG. Super Micro is set to post quarterly results on August 11. In June, Super Micro said it would raise $7 billion through a series of equity and equity-linked financing transactions and use the proceeds to fulfill orders worth about $39 billion for its advanced AI servers from more than 20 customers. Reuters noted that AI infrastructure firms have seen demand accelerate as tech companies and cloud providers ramp up data center investment for large language models and other AI applications.