SMCI Q4 Backlog Tops $60B, Gross Margin Guidance Raised Ahead of Aug. 11 Report
SMCI sits 63% above its 52-week low of $19.48.
Summary
Super Micro's fiscal Q4 backlog has surged past $60 billion, and the company raised its gross margin guidance ahead of the August 11 earnings report. This follows the massive $7 billion equity financing in June, which was aimed at funding $39 billion in AI server orders — the ballooning backlog suggests demand is outstripping even those aggressive plans. The company also declared the first dividend on its newly issued 7% Series A mandatory convertible preferred stock, payable September 1 to holders of record August 15, with depositary shares trading under SMCIP. Analyst actions are mixed: Rosenblatt upgraded to Buy with a $45 target, while Mizuho cut to $34 and Barclays initiated at $38. The Q4 report will be the first hard look at whether the company can convert its record backlog into cash flow amid ongoing SEC investigations and execution risks.
At the time of this announcement, SMCI was trading at $31.84 on NASDAQ in the Technology sector, with a market capitalization of approximately $20.1B. The 52-week trading range was $19.48 to $58.78. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.