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.
$SMCI (+5.9% pre) Super Micro Computer Inc (SMCI) Reports Q1 2024 Earnings: Net Sales at $2.12 Billion https://t.co/7Xgmx5kmYf
$SMCI Super Micro Computer beats, offers solid Q2 guidance, reaffirms FY. +4% AH https://t.co/bmXq1tCfZ7
Super Micro $SMCI beat and raised on AI infrastructure demand Sees 2Q net sales 2.7-2.9bn vs est 2.5bn Sees 2Q Adj EPS 4.40-4.88, vs est $4.30
Super Micro Computer, $SMCI earnings: - Q1 ADJ EPS $3.43 EPS vs $3.20 Link: https://t.co/E9SOE2vSsi
$SMCI | Super Micro Computer Q1 Earnings: - EPS $3.43 (Est. $3.20) - Sales $2.12B (Est. $2.06B)