Super Micro Jumps 25% on Strong Q4 Profitability as Dell, HPE Rally
Updated
Updated · CNBC · Jul 22
Super Micro Jumps 25% on Strong Q4 Profitability as Dell, HPE Rally
3 articles · Updated · CNBC · Jul 22
Summary
Super Micro Computer climbed 25% in midday trading after preliminary fourth-quarter results showed profitability far above investor expectations.
Revenue landed near the low end of guidance, but the profit upside extended a rally that had already begun in premarket trading.
Dell Technologies rose 10% and Hewlett Packard Enterprise gained 5% as Super Micro's update lifted sentiment across server makers.
The move follows Super Micro's earlier margin revision to 15%-17% and disclosure of more than $60 billion in new orders, underscoring strong AI server demand.