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Supermicro raises revenue forecast by $4 billion on AI demand

TechnologyInternationalXTB.com35 s readAI summary
Image: XTB.com

Supermicro raised its revenue forecast for the first quarter of its fiscal 2027: it now expects sales of between $18.5 billion and $19.5 billion between July and September, up from its previous range of $14.5 billion to $15.5 billion. Analysts had expected an average of close to $15.2 billion. The company attributed the revision to higher demand for artificial intelligence platforms and also raised its gross margin forecast to 12–12.5%. Its shares rose about 10–13% after the close. Full results are due on November 3.

In 35 seconds

  • It expects sales of $18.5 billion to $19.5 billion for July-September, versus a prior $14.5-15.5 billion
  • Analysts had expected an average of close to $15.2 billion
  • It attributes the revision to higher demand for AI platforms
Read the full story at XTB.com

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

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