BREAKING: SUPERMICRO $SMCI SAYS IT BOOKED MORE THAN $60B IN NEW ORDERS LAST QUARTER, ROUGHLY 5X ITS QUARTERLY REVENUE The preliminary Q4 update cuts three ways: - New orders: in excess of $60B in the quarter, pushing backlog to record levels, to be delivered over future quarters - Gross margins: estimated 15%-17%, nearly double the 8.2%-8.4% guidance, on favorable customer and product mix - Revenue: expected near the low end of the $11.0B-$12.5B guide The read: fewer dollars shipped this quarter, much more profit per dollar shipped, and a demand pipeline far larger than current output. Two caveats from the release itself: - The figures are preliminary and unaudited, and the company notes some orders may not be firm commitments and can be canceled or delayed - The board's previously disclosed independent review of alleged export-control issues could affect these results and prior periods Full results land August 11.

$SPT +5.7% post-market on low volume. CEO buys $1M in shares. This comes after co-founder Aaron Rankin purchased $1M a few weeks ago. FWIW, my buyout bets post pitched $SPT as a prime 2026 buyout target and called for planned insider buys to act as a margin of safety 🤣🤣(which clearly has not been the case, still see SPT being bought out tho).