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

Supermicro stock jumps on gross margin raise amid record $60 billion backlog FILE PHOTO: Super Micro Computer (SMCI) logo is seen in this illustration taken June 11, 2026. REUTERS/Dado Ruvic/Illustration/File Photo · Yahoo Finance · REUTERS / REUTERS Ines Ferré · Senior Business Reporter Updated Wed, July 22, 2026 at 2:15 PM GMT+2 1 min read NVDA SMCI INTC AMD What happened: Supermicro ( SMCI ) stock jumped 15% in premarket trading on Wednesday. What's behind the move:  The AI server maker said after Tuesday's market close that it expects gross margins to nearly double, as it works through a record order backlog in the coming quarters.

"Backlog rose to record levels at the end of fiscal 2026 with total new orders in excess of $60 billion received during the fourth quarter of fiscal 2026," said the company in its business update. Supermicro said it expects its gross margin to be in the range of 15% to 17%, significantly higher than the company's prior guidance of 8. 2% to 8.

4%, "primarily due to a favorable customer and product mix. " What else you need to know:  Supermicro designs and builds servers and data center systems that incorporate semiconductors from chipmakers like Nvidia ( NVDA ), Intel ( INTEL ), and AMD ( AMD ). Last month, Supermicro CEO Charles Liang congratulated Elon Musk for SpaceX's IPO, revealing that the company was co-building "another new Gigawatt AI datacenter for @SpaceX and @XAI within a year!

" Despite the AI boom, the stock has had a volatile ride in recent months. Year to date, shares are down nearly 13% after tumbling in June following an announcement of an equity raise to purchase components to fulfil $39 billion in AI server orders. Ines Ferre is a senior business reporter for Yahoo Finance.

Follow her on X at @ines_ferre .