Super Micro Computer's shares jumped in after-hours trading after the server maker issued fiscal first-quarter guidance well above Wall Street's estimates and posted a fourth-quarter profit beat. The company also disclosed a record order backlog and a sharp jump in the number of billion-dollar customers, signaling still-strong enterprise AI spending.
Super Micro Computer rallied more than 8% in after-hours trading on Tuesday after the data center infrastructure maker issued rosy guidance for its fiscal first quarter and beat fourth-quarter estimates.
Guidance tops Wall Street estimates
Super Micro expects adjusted earnings of $1.01 to $1.10 per share, far above the LSEG consensus estimate of 76 cents. Revenue guidance of $14.5 billion to $15.5 billion also topped the anticipated $11.68 billion.
The company backed up that outlook with margin gains already booked. It reported an adjusted gross margin of 17.6% for the June quarter, above the 15% to 17% range it had guided to last month and well ahead of its original outlook of 8.2% to 8.4%. Super Micro attributed the increase to a better mix of customers and products. Super Micro CEO Charles Liang said in a statement that the company's AI and IT strategy "continues to deliver strong results."
Backlog swells past $60 billion
Demand behind that guidance is piling up. Super Micro said new orders reached more than $60 billion in the June quarter, pushing its backlog to record levels at the end of its fiscal year. For the June quarter itself, the company reported revenue of $11.1 billion, below the $11.6 billion analysts tracked by FactSet had expected, though adjusted earnings of $1.70 per share topped estimates for 92 cents.
Customer base concentrates around fewer, bigger buyers
The earnings also revealed how concentrated that demand has become. Super Micro's CFO disclosed that nine customers each generated more than $1 billion in revenue during fiscal 2026, more than double the four customers that hit that mark in fiscal 2025. The company attributed the jump to enterprise and channel customers upgrading their infrastructure.
Liang also said the company added several hundred enterprise and other customers in the past year.
Sources: CNBC, MarketWatch, Crypto Briefing
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