Supermicro Gross Margin Guidance Nearly Doubles to 15-17%... New Orders Hit Record $60B, Stock Surges Over 7%
Supermicro projected fourth-quarter gross margin of 15-17% in an SEC filing on the 21st, roughly double its prior guidance of 8.2-8.4%. Revenue is tracking near the low end of guidance, but new orders topped $60 billion for a record high, sending shares up more than 7%.
- Supermicro's Q4 gross margin guidance of 15-17% nearly doubles its prior 8.2-8.4% forecast
- New orders topped $60 billion, a record high, sending shares up more than 7%
Supermicro said in an SEC 8-K filing on the 21st (local time) that it expects gross margin of 15-17% for its fiscal 2026 fourth quarter (ended June). The figure far exceeds its prior guidance of 8.2-8.4%.
📊 Price at Time of Writing (July 22, 2026, 11:02 AM KST)
$25.50 ▲ +7.01%
≈ ₩37,766 KRW (exchange rate: 1,481)
Quarter at a Glance
Supermicro said this quarter's revenue is expected to land near the low end of its $11.0-12.5 billion guidance range. However, a more favorable shift in customer and product mix drove gross margin sharply higher than previously forecast.
- Revenue: Expected to be near the low end of the $11.0-12.5 billion guidance range
- Gross margin (revenue minus cost of goods sold): Estimated at 15-17%, a sharp improvement from the prior 8.2-8.4% guidance
- New orders in Q4: Exceeded $60 billion, marking a record-high order backlog
- Detailed figures such as earnings per share (EPS) and operating income were not included in this filing and will be disclosed at the official earnings release on August 11
Market Reaction
Supermicro shares surged following the announcement. International media reported that despite revenue coming in below expectations, improved margins and rising orders boosted investor sentiment. Shares of other server makers, including Dell and HPE, also rose in tandem. According to InteliView, as of 11:02 AM on the 22nd, Supermicro shares stood at $25.50 (approximately ₩37,766), up 7.01% from the previous trading day.
This article was automatically generated based on the original SEC 8-K filing and international media reports, with the goal of quickly delivering key data immediately after the announcement. Readers are advised to review the company's official filing before making trading decisions. Prices reflect the time of writing and may differ from current levels.
SMCIFrequently Asked Questions
Is this Supermicro's official earnings report?
No. This filing is a preliminary disclosure of fiscal 2026 fourth-quarter results. Official earnings and detailed figures will be released on August 11.
Why does gross margin matter?
Gross margin is revenue minus cost of goods sold, showing how much profit a company retains from selling its products. At 15-17%, it's far higher than the prior 8.2-8.4% guidance, signaling improved profitability.
Revenue came in below expectations — why did the stock rise?
While revenue was near the low end of guidance, investors reacted positively as margins nearly doubled and new orders topped $60 billion, a record high.
What does backlog mean?
Backlog refers to orders that have not yet been delivered. Supermicro received more than $60 billion in new orders in the fourth quarter alone, which is expected to convert into revenue over the coming quarters.
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