Super Micro Computer Rises After Hours as Strong Outlook Signals Growing AI Demand
Super Micro Computer shares rose in after-hours trading as the company’s revenue outlook for the current fiscal quarter suggested robust demand for its equipment used to run AI data centers.
The company stated in an announcement on Tuesday that revenue for the quarter ending March 31 would reach at least $12.3 billion. Excluding certain items, third-quarter earnings per share would be at least $0.60. Analysts had previously forecast average earnings per share of $0.52 and revenue of $10.2 billion.
Super Micro Computer's outlook indicates that its strong position as a server manufacturer is driving growth, as these servers are equipped with powerful chips for running AI workloads. The company appears to have made progress in controlling delivery costs and accurately predicting contract signing times.
The company said that sales for this fiscal year would reach at least $40 billion, up from a previous forecast of at least $36 billion.
Shares rose about 5% in after-hours trading, after closing at $29.67 on the New York market. Over the past 12 months, the stock has gained 11% in total.
In a statement, the company said that sales more than doubled to $12.7 billion in the quarter ending December 31. Excluding certain items, earnings per share were $0.69. Analysts’ average expectation was $0.49 per share on revenue of $10.4 billion.
Editor: Wang Yongsheng
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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