Super Micro sees surge in new orders, raises margin forecast for June quarter

Super Micro Computer reported over $60 billion in new orders in its fiscal fourth quarter and raised its gross margin forecast to 15-17%, up from an earlier estimate of 8.2-8.4%. The increase is driven by strong demand for servers with Nvidia GPUs used in AI applications, including projects with SpaceX. The company expects revenue at the low end of its $11.0-$12.5 billion guidance and has a record backlog of orders to be fulfilled in coming quarters. Shares of Super Micro and its rivals Dell and Hewlett Packard Enterprise rose following the update, with an earnings call scheduled for August 11.