Super Micro Reports $19.9 Billion Quarter, Forecasts Growth

Super Micro Computer reported preliminary first-quarter revenue of about $19.9 billion, nearly four times its sales a year earlier, and forecast another quarter of high revenue as demand for AI servers supported growth. Its shares rose in extended trading after the results and outlook were released Tuesday. Revenue for the fiscal quarter ended September 30 was up from about $5 billion a year earlier. The company reported net income of $1.59 billion, compared with $168 million a year earlier. Diluted earnings per share were $1.75 on a GAAP basis and $1.81 on a non-GAAP basis. For the fiscal second quarter ending December 31, Super Micro forecast revenue of $19.5 billion to $21.5 billion. It projected non-GAAP diluted earnings per share of $1.66 to $1.90, and GAAP diluted earnings per share of $1.59 to $1.83. The company also forecast fiscal 2027 revenue of $72 billion to $82 billion. The preliminary sales result exceeded the company’s October estimate of $18.5 billion to $19.5 billion. Super Micro had raised that outlook from an earlier range of $14.5 billion to $15.5 billion, citing stronger demand for AI platforms. Its latest figures remain unaudited while the company...