Super Micro surges 15% on new order and margin disclosure after SpaceX announcement
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Super Micro Computer raised its gross margin guidance for the June quarter to 15-17%, up sharply from the 8.2-8.4% projected in May, leading to a 15% surge in its stock. The company cited favorable customer and product mix, while revenue is expected at the low end of its $11–12.5 billion range and it reported a record backlog with over $60 billion in new orders. The update follows a June announcement that Super Micro is co-building a new AI data center for SpaceX and xAI.
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