The company said its gross margin and adjusted gross margin should come in between 15% and 17%, a step up from the range of 8.2% to 8.4% that management provided in May.<\/p>\n
The revision is “primarily due to a favorable customer and product mix,” Super Micro said in a preliminary<\/a> business update.<\/p>\n Demand for servers containing Nvidia<\/a> graphics processing units that run artificial intelligence<\/a> models has been surging for Super Micro, as well as rivals Dell<\/a> and Hewlett Packard Enterprise<\/a>. Dell stock moved up 5% in extended trading after hours on Tuesday, while HPE gained 4%.<\/p>\n In June, Super Micro CEO Charles Liang<\/a> wrote on X that he was “proud to co-build another new Gigawatt AI datacenter for @SpaceX and @XAI within a year.” Elon Musk<\/a>‘s SpaceX<\/a> Musk’s SpaceX acquired his AI venture, xAI, in an all-stock transaction in February, and is now known as SpaceXAI. SpaceX also owns and operates social network X.<\/p>\n For the June quarter, Super Micro now expects revenue to come in at the low end of its guidance range of $11.0 billion to $12.5 billion, according to Tuesday’s statement. Analysts polled by LSEG were looking for $11.67 billion.<\/p>\n Super Micro said its backlog hit record levels at the end of the 2026 fiscal year, which ended on June 30. It had received over $60 billion in new orders in the fiscal fourth quarter.<\/p>\n “These new orders are expected to be delivered over future quarters,” the company said.<\/p>\n Super Micro expects to hold an earnings call on Aug. 11.<\/p>\n
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