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Supermicro stock jumps on gross margin raise amid record $60 billion backlog

Super Micro shares surged following a record $60 billion order backlog and projections that gross margins will nearly double.

6sources
10articles
6velocity
+0%since first seen
45d agofirst detected

The reporting (10)

The story so far

Super Micro Computer shares saw significant gains after the company reported a record $60 billion order backlog and announced a gross margin raise. The company stated that fourth-quarter margins will be twice as high as previously expected.

Coverage from the Wall Street Journal, Reuters, and Yahoo Finance emphasizes the stock's jump, with some reports citing increases between 13% and 20%. Wedbush noted that these strong margins serve as positives for Nvidia and Dell, while 24/7 Wall St. reported broader rebounds for AI hardware including HPE and the NASDAQ.

Future attention will be on the company's preliminary results and the continued impact of AI server read-throughs for industry peers like Dell and HPE.

Synthesized by Newsylist from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 44d ago.

The obvious questions

What was the reported order backlog for Super Micro?

The company reported a record order backlog of $60 billion.

How are the company's gross margins expected to change?

Super Micro indicated that gross margins will nearly double and fourth-quarter margins will be twice as high as expected.

Which other companies were affected by the news?

According to coverage, Dell and HPE also rallied, and Wedbush cited positives for Nvidia.

Velocity

How fast coverage is spreading — measured hourly from article rate × source diversity. How this works →

6420Jul 23 02:29Jul 24 17:29 UTC

People, places & organizations

Record Expected Super Micro Supermicro Super Micro Shares Surge After It Says Gross Margins Will Nearly Double Super Micro Computer Says Fourth-Quarter Margins Will Be Twice Super Micro Jumps Dell Climbs Order Backlog Dell HPE Rally

Topics

Super Micro AI Hardware Nvidia Dell HPE

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