Super Micro surges on new order and margin disclosure after SpaceX announcement

Super Micro Computer shares surged 13% after the server maker announced higher-than-expected gross margins of 15-17% for the June quarter, up from the 8.2-8.4% range previously forecast. The company attributed the improvement to favorable customer and product mix. Super Micro also revealed it received over $60 billion in new orders during the fiscal fourth quarter, with backlog reaching record levels. CEO Charles Liang highlighted a new partnership with SpaceX and xAI to build a gigawatt AI datacenter. Revenue is expected at the low end of $11.0-$12.5 billion guidance. Rivals Dell and Hewlett Packard Enterprise also saw their shares rise on the news. The company plans to hold an earnings call on August 11.

First published Aug 4, 02:07 PM UTCUpdated Jul 21, 08:46 PM UTC1 reports · 1 sources

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Super Micro surges on new order and margin disclosure after SpaceX announcement

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Super Micro surges on new order and margin disclosure after SpaceX announcementUS Top News and AnalysisWesternJul 21, 08:46 PM UTC

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SpaceX xAI Elon Musk Nvidia Dell