STOCKS | Super Micro Raises Gross Margin Guidance, Shares Jump More Than 20% After Hours

Super Micro Computer expects fourth-quarter revenue to be near the bottom of its guidance range of $11 billion to $12.5 billion and gross margin to be 15% to 17%, well above its prior guidance of 8.2% to 8.4%. According to Jin10, the company said undelivered orders hit a record high at the end of the fiscal year, and the quarter recorded more than $60 billion in undelivered new orders.