Super Micro Computer shares surged 15% after the company announced it received more than $60 billion in new orders during the fiscal fourth quarter, alongside higher-than-expected margins, following a new collaboration with SpaceX. CEO Charles Liang highlighted new work with SpaceX, referencing the co-building of a new Gigawatt AI datacenter for SpaceX and xAI within a year. SpaceX had previously acquired xAI in an all-stock transaction in February, and the combined entity is now known as SpaceXAI. SpaceX also owns and operates the social network X [1].
The company reported that its gross margin and adjusted gross margin for the June quarter are now expected to be between 15% and 17%, a significant increase from the prior guidance of 8.2% to 8.4% provided in May. This improvement is attributed to a favorable customer and product mix. Super Micro also stated that its backlog reached record levels at the end of the 2026 fiscal year, which concluded on June 30, with the $60 billion in new orders expected to be delivered over future quarters [1].
For the June quarter, Super Micro anticipates revenue to be at the low end of its previously guided range of $11.0 billion to $12.5 billion. Analysts surveyed by LSEG had forecasted $11.67 billion in revenue. The company plans to hold an earnings call on August 11 [1].
The announcement had a positive ripple effect on the market, with shares of rivals Dell and Hewlett Packard Enterprise rising 5% and 4%, respectively, in after-hours trading. The surge in demand for servers equipped with Nvidia GPUs for artificial intelligence applications is benefiting Super Micro as well as its competitors [1].
CONCLUSION
Super Micro Computer's disclosure of $60 billion in new orders and a substantial margin upgrade, driven by AI-related demand and a new partnership with SpaceX, sent its shares soaring and lifted peers Dell and HPE. The company's record backlog and improved outlook signal strong future growth, with investors awaiting further details at the upcoming earnings call.