Super Micro Computer raises full-year sales forecast, shares rise after hours | Earnings insights
Super Micro Computer (SMCI) reported adjusted earnings per share (EPS) of $1.81 for the first fiscal quarter, while analysts expected $1.06.
Net sales for the first fiscal quarter were $19.95 billion, compared to analysts' expectations of $14.99 billion.
Full-year net sales are expected to be between $72 billion and $82 billion, up from the company’s previous guidance of $65 billion to $72 billion.
Second fiscal quarter net sales are expected to be between $19.5 billion and $21.5 billion, with analysts expecting $16.53 billion.
Adjusted EPS for the second fiscal quarter is expected to be $1.66–$1.90, versus analysts’ expectation of $1.08.
SMCI closed up 3.42% and rose another 3.95% in after-hours US trading.
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