Super Micro Computer Reports $60 Billion Backlog and Improved Gross Margin Outlook
Super Micro Computer (SMCI) reported a significant backlog of over $60 billion in new orders for Q4, leading to an upward revision of its gross margin guidance from 8.3% to 16%. Despite the positive news driving stock gains on July 22, SMCI remains down about 35% compared to its June high.
Tickers: $SMCI