Super Micro logs record revenue from AI demand, and the stock surges
MarketWatch • • business
Key Points:
- Super Micro Computer reported second-quarter revenue of $12.7 billion, marking a record and a 123% increase year-over-year.
- The company posted adjusted earnings of 69 cents per share, surpassing analysts' expectations of 49 cents.
- Revenue and earnings exceeded Wall Street forecasts, with analysts having anticipated $10.4 billion in revenue.
- The strong performance was attributed in part to the fulfillment of delayed orders from the previous year.
