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Supermicro stock jumps as server maker lifts revenue forecast
Yahoo Finance • • business
Key Points:
- Super Micro Computer (SMCI) stock surged up to 12% following a significant upward revision of its fiscal Q1 revenue forecast by $4 billion, reflecting strong demand for AI infrastructure.
- The company now expects revenue between $18.5 billion and $19.5 billion for the quarter ending September 30, compared to its previous forecast of $14.5 billion to $15.5 billion.
- Supermicro also raised its gross margin forecast to 12%-12.5%, up from 10.4%-10.8%, due to a more favorable customer and product mix.
- The firm designs and builds servers incorporating chips from Nvidia, Intel, and AMD, and its update highlights robust hardware demand amid ongoing investor interest in AI-related stocks.
- Supermicro will release its full Q1 fiscal 2027 financial results on November 3, with its stock up about 10% year-to-date.
