Super Micro Shares Rise 15% After Backlog Exceeds $60 Billion
Earnings·2 articles across 2 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Super Micro Computer Inc. shares rose more than 15% in extended trading after the server maker issued preliminary quarterly results. The company reported that its order backlog rose to a record in excess of $60 billion.
This significant increase in backlog indicates strong demand for Super Micro's products, reflecting positive market conditions for the server manufacturing sector.
Super Micro
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SourceReports the news
“Super Micro Computer Inc. shares rose more than 15% in extended trading after the server maker issued preliminary quarterly results saying its order backlog rose to a record in excess of $60 billion.”
Bloomberg — Super Micro Jumps After Preliminary Outlook Shows Rising Backlog