SMCI stock jumps after the server maker forecasts higher-than-expected margins and revenue for the current quarter.
Super Micro Computer Inc shares climbed sharply after the company projected stronger-than-anticipated gross margins and revenue for the fiscal first quarter. The server and storage systems provider expects margins to expand and sales to rise, reflecting robust demand for its AI and data center solutions.
Analysts had anticipated more modest growth, with consensus estimates falling below the company’s guidance. In the same period last year, Super Micro reported lower margins and revenue, highlighting the recent acceleration in its business.
The upbeat forecast sent SMCI stock up more than 10% in after-hours trading, extending gains from the regular session.