"Supermicro Computer significantly raised its gross margin guidance, and the stock price surged after hours."
Super Micro Computer expects revenue for the fourth quarter to be close to the bottom of the guidance range of $11 billion to $12.5 billion. The gross profit margin is expected to be 15% to 17% for the fourth quarter, significantly higher than the previous guidance of 8.2% to 8.4%. The company set a new record for unfilled orders at the end of the fiscal year, with over $60 billion in new orders to be delivered. Super Micro Computer's stock rose more than 20% after hours.
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