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Super Micro forecasts revenue of up to $19.5 billion on AI server demand

TechnologyInternationalInspenet35 s readAI summary
Image: Inspenet

Super Micro Computer rose 11.6% on October 21 to $36.25 per share after announcing revenue guidance of between $18.5 billion and $19.5 billion for its first fiscal quarter, against the $15.23 billion expected by analysts polled by LSEG. The company also anticipates a profit margin of between 12% and 12.5%, up from the previous range of 10.4% to 10.8%. The move lifted other server makers: Dell gained 5.1% and Hewlett Packard Enterprise 3.2%.

In 35 seconds

  • Super Micro forecasts revenue of $18.5 billion to $19.5 billion for its first fiscal quarter, above the $15.23 billion estimated by analysts.
  • The stock rose 11.6% to $36.25 after the announcement.
  • The company raised its profit margin guidance to 12%-12.5%, from the previous 10.4%-10.8%.
Read the full story at Inspenet

IASummary generated by artificial intelligence from a story by Inspenet. It may contain errors: the original source prevails.

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