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Super Micro shares jump after gross margin outlook doubles

The company raised its expected gross margin range to 15% to 17%, citing an improving customer and product mix.

Reported · Written up by our desk · Equities

Super Micro’s stock surged after the AI server maker reported that its expected gross margins would improve to a higher range than previously anticipated.

MarketWatch reports the company now expects gross margins to land between 15% and 17%, with the improvement attributed to a better customer and product mix.

The outlook implies a significant step-up in profitability expectations from the prior margin target, supporting the sharp move in the share price.

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