Super Micro Raises Q1 Revenue and Gross Margin Outlook on AI Demand
Super Micro expects fiscal Q1 revenue of $18.5 billion to $19.5 billion, up from prior guidance of $14.5 billion to $15.5 billion. It forecast gross margins of 12% to 12.5%, versus 10.4% to 10.8% previously, citing increased demand for AI platforms.
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Super Micro Computer Inc (NASDAQ: SMCI ) shares are surging in extended trading Tuesday after the company raised its outlook for the first quarter. Super Micro Computer stock is trading in a tight range. What’s ahead for SMCI stock? Super Micro Raises Bar For Q1 In a preliminary business update released after the market close on Tuesday, Super Micro said it expects first-quarter revenue to be in the range of $18.5 billion to $19.5 billion, up from prior guidance of $14.5 billion to $15.5 billion.
The company attributed the higher revenue expectations to increased demand for AI platforms. Gross margins are also expected to be higher, with forecasts now calling for 12% to 12.5% versus prior guidance of 10.4% to 10.8%. Super Micro will report its full financial results for the first quarter of fiscal 2027 after the market close on Nov. 3.
The company will hold a conference call to discuss the quarter at 5 p.m. ET the same day. SMCI Shares Soar After Hours SMCI Price Action: Super Micro shares were up 10.87% in after-hours, trading at $36 at the time of publication on Tuesday, according to Pro. Read Also: 'Big Short' Trader Danny Moses Calls CoreWeave the WeWork of AI Image: Shutterstock.com