Super Micro Just Disclosed $60 Billion in New Orders and a Massive Margin Beat

Super Micro Just Disclosed $60 Billion in New Orders and a Massive Margin Beat David Moadel Wed, July 22, 2026 at 5:57 PM GMT+2 3 min read SMCIP DELL NVDA HPE AMD Quick Read SMCI's preliminary Q4 results revealed $60 billion in new orders and gross margin guidance of 15 to 17 percent, which is double its prior 8% outlook; SMCI shares surged 24%. Dell stock jumped 10% and HPE shares rose 5% on the news, as Rosenblatt raised its SMCI price target to $45 citing industry-leading delivery speed. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Dell Technologies didn't make the cut.

Grab the names FREE today . All eyes are on Super Micro Computer ( NASDAQ:SMCI ) on Wednesday as the company disclosed preliminary fiscal Q4 2026 results with more than $60 billion in new orders received during the quarter and a record backlog. Furthermore, Super Micro guided gross margin to 15% to 17%.

24/7 Wall St. That margin range is double the prior 8%-plus guidance, attributed to a favorable customer and product mix. Super Micro Computer guided revenue to near the low end of the $11 billion to $12.

5 billion range, with LSEG consensus at near $11. 67 billion. The company's full results are slated to arrive on August 11, but the market is enthusiastically bidding up SMCI stock today.

Why It Matters and How the Street Is Responding The margin surprise is structurally important after governance scrutiny and dilution tied to Super Micro Computer's June $7 billion financing raised to fund roughly $39 billion in AI-server orders. The $60 billion order figure anchors the AI-infrastructure buildout directly to Super Micro's backlog. Barclays raised its Super Micro Computer stock price target to $38 from $34, maintaining Equal Weight.

Meanwhile, Rosenblatt lifted its SMCI target to $45 from $40 with a Buy rating, citing Super Micro's "industry-leading" time-to-market advantage. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Dell Technologies didn't make the cut. Grab the names FREE today .

Super Micro Computer stock is up by a whopping 24% to $31. 66 in Wednesday midday trading. Super Micro's peers are also on the move: Dell Technologies ( NYSE:DELL ) stock is up 9% to $442.

30, and Hewlett Packard Enterprise ( NYSE:HPE ) stock is up 5% to $48. 84. The iShares U.

S. Technology ETF ( NYSEARCA:IYW ) is flat at $244. 02, so this doesn't mark a full-on rally across tech stocks.

This preliminary update precedes audited results, and Super Micro stock carries governance and dilution overhang. Investors can watch the August 11 print for confirmation of margin recovery and order-book conversion before sizing positions. Record Backlog and Implications for SMCI Investors Story Continues Super Micro Computer builds AI-optimized servers and full rack-scale systems, much of it designed around GPUs from  NVIDIA  ( NASDAQ:NVDA ), along with chips from  Intel  ( NASDAQ:INTC ) and  Advanced Micro Devices ( NASDAQ:AMD ).

The company's pitch has long centered on speed, getting the newest accelerators into deployable, often liquid-cooled systems faster than rivals can. That's the "industry-leading" time-to-market edge Rosenblatt highlighted, and a record order book suggests hyperscalers and enterprises are still lining up for that capacity. The backlog matters only if Super Micro Computer can convert it into recognized revenue at the newly guided 15% to 17% gross margin, rather than the thin 8%-plus range that had worried the Street.

The guidance hints that the customer and product mix may finally be working in the company's favor. Even so, patient investors may choose to wait for the August 11 results to confirm or deny that shift before assuming it's durable. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Dell Technologies didn't make the cut.

Grab the names FREE today . Contact editorial@247wallst. com for any questions or corrections.