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Supermicro shares jump 20% on strong Q4 margins and record $60B order backlog despite revenue miss

Company Fundamentals
22 Jul 2026
Proactive Investors
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Bullish
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Super Micro Computer Inc shares surged about 20% after a preliminary Q4 fiscal 2026 update showed gross margins of 15-17%, far exceeding prior guidance of 8.2-8.4%, driven by favorable customer and product mix. Although revenue is expected near the low end of guidance at around $11 billion, the company reported a record $60 billion in new orders, boosting its backlog to an all-time high. These orders are expected to be fulfilled in future quarters. Full Q4 results will be released on August 11.

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