What was the value of Super Micro's order backlog?

Super Micro announced a record order backlog of $60 billion.

How did this announcement affect Dell and HPE shares?

Dell shares rose 4% and HPE shares gained 3%.

Why were analysts concerned about Super Micro before this announcement?

Analysts were concerned that intense competition could compress profit margins.

Super Micro Jumps 13% on Record $60B Order Backlog

Super Micro Computer (SMCI) surged 13% after announcing a record $60B order backlog, lifting Dell and HPE shares on AI server demand optimism.

July 22, 2026

2 min read

Source: 24/7 Wall St.

Key Numbers

stock gain

13%

order backlog

60B

Super Micro Computer (SMCI) shares jumped 13% in pre-market trading after the company announced a record preliminary order backlog of $60 billion. The announcement reversed analyst concerns about margin pressure and sparked a rally across the AI server sector.

Potential Drivers

The company attributed the record backlog to surging demand for AI servers from major cloud customers. Preliminary results for the fiscal fourth quarter also indicated better-than-expected performance, easing margin worries.

Context

SMCI stock has more than doubled over the past year, driven by the AI boom. However, analysts had flagged concerns that intense competition could compress margins. This announcement temporarily alleviated those fears.

Sector Moves

Other stocks in the sector followed: Dell Technologies (DELL) rose 4%, and Hewlett Packard Enterprise (HPE) gained 3%, signaling investor optimism about sustained AI server demand across the industry.

Frequently Asked Questions

Super Micro stock rose 13% in pre-market trading.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.