Super Micro Computer's Backlog is Blowing Up

Dow Jones
08/12

1151 ET - Super Micro Computer says new orders in its 4Q topped $60 billion, up from $39 billion as disclosed back in June. That means it got about $21 billion additional orders booked in the final weeks of the quarter, Raymond James analysts say in a research note. That acceleration is a stronger indicator of the company's forthcoming performance than the 4Q revenue miss, they say. It is also a sign that customers are largely unconcerned with the overhang from the Justice Department's case against the company in connection with export controls, the analysts say. Shares rise 14% to $35.96.

 

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