Supermicro Shares Rise Following Preliminary Q4 Results Showing Stronger Margins and Record Orders
Supermicro's shares surged over 20% after the company released preliminary fourth-quarter results showing stronger-than-expected gross margins of 15%-17%, well above its prior guidance, along with a record $60 billion in new orders. Despite revenue near the low end of expectations at around $11 billion, improved customer and product mix contributed to better performance.
Tickers: $SMCI