AMD sharply raises gross profit margin guidance, U.S. stocks soar after hours
CEO of Super Micro Computer Server maker Super Micro Computer said on Tuesday its profit margin in the June quarter was higher than previously expected and new orders surged, sending its shares in after-hours trading. The company stated that its gross profit margin and adjusted gross profit margin for the current quarter are expected to be within This is a significant increase from the 8.2% to 8.4% forecast range given by management in May. Super Micro said in a preliminary business update that the adjustment was "primarily driven by favorable customer and product mix." For Super Micro and rivals Dell and HPE, demand for servers powered by Nvidia GPUs to run artificial intelligence models has been soaring. Affected by this news, Dell rose 5% after the market closed on Tuesday, and HPE rose 4%. In June this year, Super Micro CEO Liang Jianhou posted on the X platform that he was "proud to jointly build another gigawatt-level artificial intelligence data center for SpaceX and XAI within one year." Elon Musk’s SpaceX is also the controlling shareholder of social network X. Super Micro expects revenue in the June quarter to be at the lower end of its previous guidance range of $11 billion to $12.5 billion, according to a statement Tuesday. Analysts polled by London Stock Exchange Group (LSEG) had on average expected $11.67 billion. Super Micro said that as of the end of fiscal year 2026 on June 30, the company's backlog of orders reached a record high, with new orders received in the entire fourth fiscal quarter exceeding "These new orders are expected to be delivered over the next few quarters," the company said. Super Micro is expected to hold an earnings call on August 11.