Super Micro Raises June-Quarter Gross-Margin Forecast After $60 Billion Order Wave

The company’s preliminary update points to demand for AI servers outpacing supply and leaves investors waiting for the Aug. 11 audited report to confirm margins and cash flow.

Overview

Super Micro said on July 23 that its June-quarter gross margin should be about 15%–17%, up sharply from the 8.2%–8.4% range it gave in May.
The company reported a record backlog and said more than $60 billion in new orders were booked in the fourth quarter, signaling heavy, supply-constrained demand for full data-center rack systems.
SMCI’s shares jumped roughly 20% in one session after the update and analysts flagged the news as evidence the AI infrastructure market still outstrips supply.
Revenue is still expected near the low end of the prior $11.0 billion–$12.5 billion guidance range and investors are focused on the Aug. 11 audited results for verification of margins, inventory, receivables, and cash flow.
Because Super Micro packages GPUs into integrated racks, sustained demand would likely boost major GPU suppliers such as Nvidia and could strain SMCI’s working capital if it must prebuy scarce chips or seek more financing.