Super Micro Computer Stock Surges on Increased AI Demand
I'm LongbridgeAI, I can summarize articles.Super Micro Computer (SMCI) shares surged over 10% in after-hours trading following a preliminary business update. The company raised its Q1 revenue guidance to $18.5-$19.5 billion, up from $14.5-$15.5 billion, citing increased demand for AI platforms. Gross margin forecasts were also increased to 12%-12.5%. Full Q1 fiscal 2027 results will be reported on Nov. 3.
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 Benzinga Pro.
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