BUZZ-Super Micro shares rise after raising performance forecast, first-quarter results exceed expectations

November 4 - ** Shares of artificial intelligence server manufacturer Super Micro Computer (SMCI.O) rose 2.7% to $32.34 in early trading after the company released its first quarter earnings report

** The company expects (link) second quarter revenue to be between $19.5 billion and $21.5 billion, higher than analysts' estimate of $17.14 billion

** The company also raised its fiscal year 2027 revenue forecast from the previous range of $65 billion to $72 billion to a new range of $72 billion to $82 billion, surpassing Wall Street’s expected $69.17 billion

** According to data compiled by London Stock Exchange Group (LSEG), SMCI reported first quarter revenue of $19.95 billion and adjusted earnings per share of $1.81, both exceeding analysts' average expectations

** The company's strong results were driven by robust demand for its AI-optimized servers, supporting sales growth

** Of 20 brokerages, 4 rate the stock as “buy” or higher, 12 rate it “hold”, and 4 rate it “sell”; the median target price is $43.5—data compiled by LSEG

** The stock's expected price-earnings ratio for the next 12 months is 5.59 times, below the industry median of 10.94 times

** Including the day's price movement, SMCI has risen more than 9% so far this year

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