TradingKey – As of July 21 ET, SMCI ( SMCI) jumped 7% on the day, reaching an intraday high of $25.54, and soared 20.58% in after-hours trading. The core driver behind this surge was the company’s newly released Q4 FY2026 earnings preview, which projected revenue near the lower end of its previous guidance, but a gross margin significantly above expectations, alongside new orders exceeding $60 billion, indicating that AI server demand remains strong.
SMCI after-hours stock chart, Source: FUTUBULL
Why SMCI Shares Are Rising
The primary reason for the rise in SMCI’s stock price is that its gross margin significantly exceeded market expectations. The company expects GAAP and non-GAAP gross margins for the fourth quarter of fiscal 2026 to be…
