US Stocks Movement | Super Micro Computer surges 7.3% in after-hours trading, Q2 sales soar over 123% and earnings guidance beats expectations
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Glonghui, February 4th|Super Micro Computer (SMCI.US) rose 7.3% in after-hours trading, closing at $31.84. According to reports, Super Micro Computer announced its financial results for the second fiscal quarter ended December 31, with sales surging over 123% year-on-year to $12.68 billions, surpassing analysts’ expectations of $10.22 billions. Adjusted earnings per share were $0.69, also exceeding analysts’ expectations of $0.49. Looking ahead to the third fiscal quarter, Super Micro Computer expects revenue to reach at least $12.3 billions, and adjusted earnings per share to be at least $0.60, both above expectations, indicating strong market demand for its equipment used to run AI data centers. In addition, the company expects sales for this fiscal year to reach at least $40 billions, up from the previous forecast of at least $36 billions.
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