Supermicro stock jumps on gross margin raise amid record $60 billion backlog
Supermicro stock jumps on gross margin raise amid record $60 billion backlog.
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What happened: Supermicro ( SMCI ) stock jumped 24% in early trading on Wednesday.
What's behind the move: The AI server maker said after Tuesday's market close that it expects gross margins to nearly double, as it works through a record order backlog in the coming quarters.
"Backlog rose to record levels at the end of fiscal 2026 with total new orders in excess of $60 billion received during the fourth quarter of fiscal 2026," said the company in its business update.
Supermicro said it expects its gross margin to be in the range of 15% to 17%, significantly higher than the company's prior guidance of 8.2% to 8.4%, "primarily due to a favorable customer and product mix."
What else you need to know: Supermicro designs and builds servers and data center systems that incorporate semiconductors from chipmakers like Nvidia ( NVDA ), Intel ( INTEL ), and AMD ( AMD ).
Last month, Supermicro CEO Charles Liang congratulated Elon Musk for SpaceX's IPO, revealing that the company was co-building "another new Gigawatt AI datacenter for @SpaceX and @XAI within a year!"
Despite the AI boom, the stock has had a volatile ride in recent months.
Year to date, shares are down nearly 13% after tumbling in June following an announcement of an equity raise to purchase components to fulfil $39 billion in AI server orders.
Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre .
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Sinergia Empresarial continuará el seguimiento de esta información sobre supermicro stock jumps on gross margin raise amid record $60 billion backlog y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.
