Super Micro Computer, Inc.(NASDAQ: SMCI) shares
are trading higher in Thursday's after-hours session. The company
provided a second-quarter business update after the close of the
market. Here's a summary of the details.
What To Know: Super Micro Computer announced
updated financial guidance for the second-quarter, which surpassed
its previous outlook.
The company estimated that second-quarter net sales will be
between
$3.6 billion and $3.65 billion, versus the
prior guidance of between $2.7 billion and $2.9 billion.
Non-GAAP diluted net income per common share is expected to be
between $5.40 and $5.55, versus the previous forecast of between
$4.40 to $4.88.
The company cited robust market and end customer demand for its
rack-scale, AI and Total IT Solutions as factors influencing the
expected results.
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Super Micro Computer, Inc.(NASDAQ: SMCI)
Posted by morton7 on 18th of Jan 2024 at 06:10 pm
Super Micro Computer, Inc.(NASDAQ: SMCI) shares are trading higher in Thursday's after-hours session. The company provided a second-quarter business update after the close of the market. Here's a summary of the details.
What To Know: Super Micro Computer announced updated financial guidance for the second-quarter, which surpassed its previous outlook.
The company estimated that second-quarter net sales will be between $3.6 billion and $3.65 billion, versus the prior guidance of between $2.7 billion and $2.9 billion.
Non-GAAP diluted net income per common share is expected to be between $5.40 and $5.55, versus the previous forecast of between $4.40 to $4.88.
The company cited robust market and end customer demand for its rack-scale, AI and Total IT Solutions as factors influencing the expected results.