Super Micro Computer preliminarily estimated its fiscal year 2026 Q4 gross margin to jump significantly to 15-17%, up from the prior 8.2-8.4% estimate, driven by a favorable customer and product mix. The company also reported that total new order intake exceeded $60 billion during Q4, leading to an all-time high backlog, with fulfillment expected over coming quarters.
Super Micro's massive order intake and margin expansion confirm robust, sustained demand for AI server infrastructure, indicating hyperscalers are locking in capacity.