Sources
Loading...
Super Micro Computer (SMCI) reported Q1 earnings, beating expectations with an adjusted EPS of $3.43 compared to an estimated $3.20. Sales for the quarter were $2.12 billion, exceeding the estimated $2.06 billion. The company also raised its guidance for Q2, expecting net sales of $2.7-2.9 billion and an adjusted EPS of $4.40-4.88, surpassing estimates of $2.5 billion and $4.30 respectively. SMCI's stock rose 4% after-hours and is up 5.9% pre-market.