Super Micro Computer Shares Rise on Upgraded Revenue and Margin Forecasts
Super Micro Computer (SMCI) shares surged after the company issued preliminary financial results for its fiscal 2027 first quarter, ending September 30. The server maker significantly raised its revenue guidance to a range of $18.5 billion to $19.5 billion, far exceeding previous management forecasts and Wall Street expectations of approximately $15 billion. The company also upgraded its gross margin outlook to between 12% and 12.5%, up from the prior guidance of 10.4% to 10.8%. Management attributed these improvements to a more favorable product mix driven by surging demand for artificial intelligence (AI) platforms. This positive momentum provided relief to the broader sector, lifting shares of competitors Dell and Hewlett Packard Enterprise.
Topics: AI infrastructure Data centers Gross margin Revenue guidance
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Part of the story Super Micro Computer Raises Revenue Guidance Amid Surging AI Demand (7 articles)