Jan 19,2023-$Super Micro Computer (SMCI.US)$ shares rose 22% to $382 in trading on Friday.
The company announced preliminary financial results for the second quarter after the market closed yesterday. Supermicro stated that it raised its guidance owing to the strong market and customer demand for AI and overall IT solutions. According the latest financial guidance:
The net sales of $3.6 billion to $3.65 billion for the second quarter, which is higher than the previous forecast of $2.7 billion to $2.9 billion.
Diluted earnings per share are expected to be $4.90 to $5.05, previously estimated at $3.75 to $4.24.
Adjusted earnings per diluted share of $5.40 to $5.55, previously estimated at $4.40 to $4.88.
The company will release its second quarter of fiscal year 2024 on Monday, Jan 29, 2024, close the market.
About Company
Supermicro is a global technology leader delivering first-to-market innovations for enterprise,cloud computing,artificial intelligence and 5G telecom/edge IT infrastructure. The company are transforming into a comprehensive IT solutions provider, providing environmentally friendly and energy-saving server, as well as advanced high-capacity motherboards, power supplies and chassis products.