Super Micro Discloses Record $60B Order Backlog, Doubles Q4 Gross Margin Guidance to 15-17%

Super Micro filed an 8-K late Monday saying Q4 FY2026 orders topped $60B, its largest backlog on record, with revenue expected near the low end of the $11–12.5B range. Gross margins are projected at 15–17% versus prior 8.2–8.4% guidance, driven by favorable customer and product mix as AI-server demand accelerates. SMCI jumped roughly 17–20% after hours.