On August 4, SUPER MICRO COMPUTER INC rose 5.05% in regular trading, trading at $30.09/share, with turnover of $4.19 billion. The rally comes as the market anticipates the company's upcoming earnings release on August 11.

Consensus estimates project quarterly revenue of $11.551 billion, representing 96.02% year-over-year growth, with adjusted EPS of $0.96, up 118.21% year-over-year. The optimism is underpinned by the company's preliminary Q4 results disclosed in late July, which showed gross margin guidance revised sharply upward to 15%-17%, nearly double the prior 8.2%-8.4% forecast. Single-quarter new orders exceeded $60 billion, pushing backlog orders to record highs.

Multiple institutions have adjusted their outlook ahead of the report. Needham raised its price target to $46 and maintained a Buy rating, while Barclays lifted its target to $38. However, Mizuho cut its target from $44 to $34, citing potential refinancing needs given the capital intensity of fulfilling the massive order backlog.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)