Super Micro Shares Jump 13% After Above-Forecast Sales Outlook
Super Micro Computer forecast first-quarter sales of $18.5 billion to $19.5 billion, above analysts’ $15.23 billion forecast. Its shares rose about 13% in premarket trading.
Shares of Super Micro Computer Inc. (SMCI, Financials), an AI-server maker, jumped about 13% in premarket trading after the company issued a sales outlook well above forecasts. The company expects first-quarter sales of 18.5 billion to 19.5 billion, compared with analysts’ estimate of 15.23 billion.