Super Micro Computer (NASDAQ: $SMCI) Jumps 9% After Record Quarterly Revenue and Higher Fiscal 2027 Forecast.
Super Micro Computer shares rose about 9% to $34.12 in Wednesday’s premarket trading after reporting record fiscal first-quarter revenue of $19.95 billion, nearly four times the previous year’s figure. Adjusted earnings reached $1.81 per share, beating analysts’ $1.23 estimate. The company also raised its fiscal 2027 revenue forecast to $72 billion–$82 billion.
Despite the strong results, around $2.3 billion in revenue came from previously delayed customer deliveries, and one data-center customer accounted for 44% of sales. Gross margin also fell to 12.7% from 17.5% in the previous fiscal quarter. Management expects fiscal 2027 gross margins of 11.8%–12.2%.
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Super Micro Computer shares rose about 9% to $34.12 in Wednesday’s premarket trading after reporting record fiscal first-quarter revenue of $19.95 billion, nearly four times the previous year’s figure. Adjusted earnings reached $1.81 per share, beating analysts’ $1.23 estimate. The company also raised its fiscal 2027 revenue forecast to $72 billion–$82 billion.
Despite the strong results, around $2.3 billion in revenue came from previously delayed customer deliveries, and one data-center customer accounted for 44% of sales. Gross margin also fell to 12.7% from 17.5% in the previous fiscal quarter. Management expects fiscal 2027 gross margins of 11.8%–12.2%.
#Crypto