Super Micro sees strong margins, books $60 billion in orders; shares jump

July 21 (Reuters) - 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.

Artificial-intelligence infrastructure firms have ‌seen demand accelerate as tech companies and cloud providers ramp up investments in data centers to ​support large language models and other AI applications.

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's backlog ‌grew to "record levels" at the end of fiscal year 2026, it said in ⁠a preliminarily statement of results.

It 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.

The company is set to post quarterly results on August 11.

Super Micro had said in June 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.

(Reporting by Juby Babu in Mexico City; Editing by Shailesh Kuber and Shilpi ‌Majumdar)

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