Super Micro Computer gains as AI-driven revenue forecast above estimates
BUZZ-Super Micro Computer gains as AI-driven revenue forecast above estimates ** Shares of AI server maker Super Micro Computer SMCI.O up 10.8% at $35 in premarket trading after co forecast fiscal 2027 revenue above Wall Street estimates, citing strong demand
** Co sees FY27 revenue between $65 bln and $72 bln, well above analysts' avg estimate of $52.50 bln, per LSEG
** Gross margins for Q4 ended June 30 stood at 17.5%, ahead of co's preliminary estimate of 15% to 17% and its initial forecast of 8.2% to 8.4%
** Co credited the improvement to better-than-anticipated customer and product mix, including the deferral of several contracts to the first quarter
** Stock rated "hold" on avg by 21 analysts; median PT is $37.5 - data compiled by LSEG
** SMCI's shares have risen about 8% YTD, lagging the Nasdaq's .IXIC ~14% advance
(Reporting by Kanchana Chakravarty in Bengaluru)
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