Super Micro Lifts June Margin to 15-17% as New Orders Top $60 Billion
Updated
Updated · CNBC · Jul 21
Super Micro Lifts June Margin to 15-17% as New Orders Top $60 Billion
2 articles · Updated · CNBC · Jul 21
Summary
Super Micro said June-quarter gross margin should reach 15%-17%, sharply above the 8.2%-8.4% range it gave in May, sending its shares up 15%.
The upgrade was driven by a favorable customer and product mix as demand for Nvidia-powered AI servers surged; Dell rose 5% after hours and HPE gained 4%.
Revenue is still expected at the low end of Super Micro's $11.0 billion-$12.5 billion guidance range, versus analysts' $11.67 billion estimate.
More than $60 billion in new orders landed in the fiscal fourth quarter, lifting backlog to a record at the June 30 year-end, with deliveries spread over future quarters.
The update adds to signs that AI infrastructure spending remains strong ahead of Super Micro's earnings call scheduled for Aug. 11.