On July 22, SUPER MICRO COMPUTER INC rose 16.78% in pre-market trading, trading at $29.74/share, with turnover of $4.5527 million.
On the news front, the company released a preliminary business update significantly raising its fiscal Q4 gross margin guidance from 8.2%-8.4% to 15%-17%, citing favorable customer and product mix as the primary driver. Additionally, the company disclosed that new orders during the quarter exceeded $60 billion, pushing backlog orders to a record high, with deliveries expected over the coming quarters — a strong positive revenue signal.
However, the company simultaneously indicated that quarterly revenue is expected near the low end of its $11 billion to $12.5 billion guidance range. The earnings call is scheduled for August 11. Peers Dell and HPE also gained on the news, with Dell rising approximately 3.8% in sympathy.
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