Super Micro’s stock soars as its margins unexpectedly double
- Investing Investment Opportunities Markets
Ramit Sethi- 0
- 6 minutes read
Super Micro Computer delivered good news to investors on Tuesday, sharing in
preliminary results for its fiscal fourth quarter that the company’s gross margins are expected to double from previous guidance.
Shares of Super Micro SMCI were surging 19% in after-hours trading. The company expects GAAP and non-GAAP gross margins for the quarter to be between 15% and 17%, roughly doubling from the its prior guidance range of 8.2% to 8.4%. Management attributed the surprise increase to “a favorable customer and product mix.”
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