Super Micro Computer Preliminary Earnings Beat Expectations: New Orders Surpass $60 Billion, Stock Jumps Over 17% After Hours

AI server manufacturer Super Micro Computer (SMCI-US) on Tuesday (21st) released preliminary quarterly financial results. Benefiting from new orders surpassing $60 billion, gross margins are significantly better than previously expected. This has driven Super Micro's after-hours stock price to surge over 17%, also lifting Dell Technologies (DELL-US) and Hewlett Packard Enterprise (HPE-US) by approximately 5% and 4% respectively.

Super Micro estimates that revenue for the fourth quarter of its fiscal year 2026, ending June 30, will be near the lower end of its guidance range of $11 billion to $12.5 billion, around $11 billion.

However, thanks to improved customer and product mix, with a higher proportion of high-margin products being shipped, gross margins calculated under both U.S. GAAP and non-GAAP standards are estimated to be between 15% and 17%, far exceeding the company's previous forecast of 8.2% to 8.4%.

Driven by continued expansion in AI infrastructure investment, demand for Super Micro's servers equipped with NVIDIA (NVDA-US) GPUs remains strong.

The company stated that it received over $60 billion in new orders during the fourth quarter of fiscal year 2026, pushing the year-end backlog to a record high. These orders are expected to be delivered over the coming quarters.

However, the company cautioned that some orders may not constitute binding purchase commitments and could still face cancellation or delivery delays, depending on whether both parties fulfill relevant terms. Therefore, the $60 billion in new orders should not be directly equated with recognized revenue.

The company also emphasized that the preliminary revenue and gross margin figures disclosed have not yet been audited, reviewed, or subject to other procedures by an independent accounting firm, and final data may still be adjusted.

Additionally, the board is conducting an independent review of certain transactions involving export control concerns, and the findings may impact the company's financial guidance, this preliminary data, and past-period financial reports.

Super Micro is scheduled to hold its earnings conference call at 5:00 PM Eastern Time on August 11 (5:00 AM Taiwan Time on August 12) to officially release its fiscal year 2026 fourth-quarter and full-year financial results.

In June, Super Micro CEO Charles Liang revealed on social platform X that the company is collaborating with SpaceX and xAI to jointly build another gigawatt-scale AI data center within a year, further highlighting large AI computing customers' demand for high-performance servers.