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

What the report says

Yahoo Finance reported that shares of Super Micro Computer, known as Supermicro, surged in early trading Wednesday after the AI server company raised its gross margin outlook and disclosed a record order backlog. The stock was up 24% in early trading, according to the report, following a business update released after Tuesday’s market close.

The company said new orders topped $60 billion in the fourth quarter of fiscal 2026, lifting backlog to record levels. Supermicro also projected gross margins of 15% to 17%, well above its previous forecast of 8.2% to 8.4%. The company attributed the improved outlook to a more favorable mix of customers and products as it works through orders in coming quarters.

Supermicro builds servers and data center systems used in artificial intelligence infrastructure, including systems that incorporate chips from Nvidia, Intel and AMD. Yahoo Finance noted that CEO Charles Liang recently said the company was working with SpaceX and xAI on another gigawatt-scale AI data center, adding context to investor attention around Supermicro’s role in the broader AI buildout.

The move comes after a volatile stretch for the stock despite strong AI-related demand. Yahoo Finance reported that shares remained down nearly 13% for the year after a June selloff tied to an equity raise intended to help buy components for $39 billion in AI server orders. The latest update matters because investors are closely watching whether AI infrastructure demand can translate into stronger profitability, not just larger sales and backlog figures.