Super Micro Computer's gross margins in the fourth quarter will be around twice as high as previously forecast, sending shares higher after-hours.
The server company on Tuesday said it expects gross margins of 15% to 17%, up from its previous guidance for up 8.2% to 8.4%. The increase was due largely to a favorable customer and product mix, the company said.
The stock rallied 17% to $29.92 after the bell on Tuesday. Shares closed up 7% at $25.50, and are down 13% this year.
Super Micro's revenue is expected to come in at the low end of its guidance, between $11 billion and $12.5 billion. Analysts polled by FactSet are expecting fourth-quarter revenue of $11.73 billion.
The company also said it received more than $60 billion in new orders during the fourth quarter, giving it a record backlog coming out of the fiscal year.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
July 21, 2026 17:34 ET (21:34 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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