Super Micro jumps on margin upgrade as backlog tops $60B
TL;DR Summary
Super Micro Computer (SMCI) stock jumped after-hours after the company raised its gross-margin guidance to about 15-17% from 8.2-8.4% as it works through a record backlog exceeding $60 billion, signaling stronger product mix and demand for AI server systems that could lift margins in the coming quarters.
- Supermicro stock jumps on gross margin raise amid record $60 billion backlog Yahoo Finance
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- Super Micro Jumps After Preliminary Outlook Shows Rising Backlog Bloomberg.com
- Super Micro sees strong margins, books $60 billion in orders; shares jump Reuters
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