Supermicro Jumps on Margin Boost, $60 Billion Order Surge

Super Micro Computer, a major supplier of AI servers and data-center infrastructure, has become a closely watched proxy for hyperscaler spending. Its exposure to SpaceX and xAI is especially important as both companies pursue power-intensive, gigawatt-scale computing campuses. For investors, the key question is whether Supermicro can convert a swelling order pipeline into timely deliveries and stronger profitability after margin pressure clouded earlier growth.

Supermicro raised its fiscal fourth-quarter 2026 outlook, forecasting gross margin of 15% to 17% as its customer and product mix improves. The company said new orders had surpassed $60 billion. Chief Executive Charles Liang also said Supermicro expects to build another new gigawatt-scale AI data center for SpaceX and xAI within a year. The update sent the shares up more than 19% in after-hours trading.