Super Micro’s Revenue Guidance Far Exceeds Forecasts; Stock Jumps After Hours
Super Micro Computer’s revenue outlook for the current quarter exceeded analysts’ estimates, underscoring continued demand for its servers amid the artificial-intelligence boom. The San Jose, California-based company said Tuesday that revenue for the quarter ending in September is expected to be $14.5 billion to $15.5 billion. Adjusted earnings per share are expected to be $1.01 to $1.10. Analysts surveyed by Bloomberg had projected average revenue of $12 billion and adjusted earnings per share of $0.74. The company’s revenue guidance also topped the highest analyst estimate of $13.3 billion. Super Micro has benefited from surging demand for equipment used to train and run AI workloads. Its servers use Nvidia chips, which have become the core hardware in the vast majority of AI data centers. The company has also been improving profitability by selling higher-margin products and cutting costs. Super Micro shares closed at $31.60 in New York and rose about 9% in after-hours trading. The stock is up 8% so far this year.
The San Jose, California-based company said Tuesday that revenue for the quarter ending in September is expected to be $14.5 billion to $15.5 billion. Adjusted earnings per share are expected to be $1.01 to $1.10. Analysts surveyed by Bloomberg had projected average revenue of $12 billion and adjusted earnings per share of $0.74. The company’s revenue guidance also topped the highest analyst estimate of $13.3 billion.
Super Micro has benefited from surging demand for equipment used to train and run AI workloads. Its servers use Nvidia chips, which have become the core hardware in the vast majority of AI data centers. The company has also been improving profitability by selling higher-margin products and cutting costs.
Super Micro shares closed at $31.60 in New York and rose about 9% in after-hours trading. The stock is up 8% so far this year.