Super Micro Computer surged early Wednesday after releasing preliminary fiscal fourth-quarter figures. AI server rivals Dell Technologies and Hewlett Packard Enterprise also rallied.
After Tuesday's close, Super Micro Computer (SMCI), or Supermicro said fiscal fourth-quarter revenue will be at the low end of its guidance for $11 billion-$12.5 billion, below consensus. The ***** yst consensus for Supermicro revenue is $11.7 billion.
But the AI server maker said Q4 gross margins will be 15%-17%, roughly double the prior target of 8.2%-8.4%.
Supermicro also said it had more than $60 billion in near orders in Q4, lifting its backlog to a record.
Super Micro stock surged 23% Wednesday morning, pushing SMCI toward its 50-day and 200-day lines,.
#surged
After Tuesday's close, Super Micro Computer (SMCI), or Supermicro said fiscal fourth-quarter revenue will be at the low end of its guidance for $11 billion-$12.5 billion, below consensus. The ***** yst consensus for Supermicro revenue is $11.7 billion.
But the AI server maker said Q4 gross margins will be 15%-17%, roughly double the prior target of 8.2%-8.4%.
Supermicro also said it had more than $60 billion in near orders in Q4, lifting its backlog to a record.
Super Micro stock surged 23% Wednesday morning, pushing SMCI toward its 50-day and 200-day lines,.
#surged
4 months ago
