Super Micro Computer Inc. forecasts revenue of $3.7 billion to $4.1 billion and adjusted EPS of $5.20 to $6.01 for the fiscal Q3, exceeding expectations. The company also raised its full-year forecast to $14.3 billion to $14.7 billion.
Super Micro Computer Inc. experienced another rally in its shares after issuing an impressive outlook for the fiscal third quarter. The company expects revenue between $3.7 billion and $4.1 billion, along with adjusted earnings per share ranging from $5.20 to $6.01. These forecasts surpassed the FactSet consensus, which had predicted revenue of $2.9 billion and adjusted EPS of $4.61.
Super Micro's CEO, Charles Liang, attributed the positive outlook to the increasing demand for the company's optimized AI computer platforms and rack-scale Total IT Solutions. While gaining new partners, Super Micro also continues to expand its market share.
The company raised its full-year forecast as well, expecting revenue between $14.3 billion and $14.7 billion. This exceeds the analysts' estimates of $13.8 billion and is a significant increase from the previous forecast of $10 billion to $11 billion.
Super Micro, a partner of Nvidia Corp., specializes in storage and server offerings. In the just-completed quarter, it achieved adjusted earnings per share of $5.59 on revenue of $3.66 billion, exceeding the preliminary results released in mid-January, which were already above expectations.
With this outstanding performance, shares of Super Micro have surged by an impressive 567% over the past 12 months.
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