Super Micro surges after strong business update, books $60 billion in orders
22/07/2026 09:27
BUZZ-Super Micro surges after strong business update, books $60 billion in orders ** Super Micro Computer's shares SMCI.O soar 14.2% to $29.15 premarket
** Co says it secured more than $60 billion in new orders in Q4
** In preliminary Q4 earnings update, co says it expects adjusted gross margin in the range of 15% to 17% vs nearly double its previous forecast of 8.2%-8.4%
** AI server maker expects quarterly revenue near the low end of its $11 billion to $12.5 billion forecast range vs analysts' expectation of revenue of $11.67 billion - LSEG-compiled data
** Co set to post quarterly results on August 11
** 22 brokerages rate stock "hold" on average, median PT $39 — LSEG-compiled data
** YTD, stock down about 13% as of last close
(Reporting by Joel Jose in Bengaluru)