On August 12, SUPER MICRO COMPUTER INC rose 7.44% in after-hours trading, trading at $33.88/share, with turnover of $55.24 million. The stock gained momentum following the official release of its fiscal Q4 earnings report after market close.

The company reported fiscal fourth-quarter gross margins in the range of 15% to 17%, nearly double its prior target of 8.2% to 8.4%, driven by favorable customer and product mix. Recent orders exceeded $60 billion, pushing backlog to record highs. Market consensus had projected quarterly revenue of $11.551 billion, representing 96.02% year-over-year growth, with adjusted EPS growth of 118.21% year-over-year. The formal earnings release confirmed the preliminary figures disclosed in late July, which had already triggered a 25% single-day surge at that time.

Ahead of the report, options markets had priced in a 13.4% post-earnings move with bullish sentiment dominating, including a notable $1.5 million put-selling trade signaling confidence in the stock holding above $30. Mizuho had maintained a neutral rating with a $34 target citing potential refinancing needs to fund the massive backlog, while Needham raised its target to $46.

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