Super Micro Computer Q4 revenue nearly doubles on surging AI infrastructure demand; sees upbeat annual sales
Super Micro Computer Q4 revenue nearly doubles on surging AI infrastructure demand; sees upbeat annual sales
Overview
U.S. IT solutions provider's preliminary Q4 revenue rose yr/yr but missed analyst expectations
Preliminary adjusted EPS for Q4 beat analyst expectations
Company says improved profitability driven by enterprise customer mix and broader DCBBS adoption
Shares of the company jumped about 7.4% in extended trading
Outlook
Company expects Q1 2027 net sales of $14.5 bln to $15.5 bln
Super Micro Computer sees Q1 2027 non-GAAP EPS of $1.01 to $1.10
Company forecasts FY 2027 net sales of $65.0 bln to $72.0 bln
Result Drivers
ENTERPRISE CUSTOMER MIX - Co said improved profitability was driven by a richer enterprise customer mix
DCBBS ADOPTION - Broader adoption of Data Center Building Block Solutions architecture contributed to improved results
AI/IT SOLUTIONS DEMAND - Co said its Total AI/IT Solutions strategy and new customer additions supported strong results
Company press release: ID:nBw7w6PFGa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales | Miss | $11.10 bln | $11.55 bln (15 Analysts) |
Q4 Adjusted EPS | Beat | $1.70 | $0.96 (17 Analysts) |
Q4 EPS |
| $1.62 |
|
Q4 Net Income |
| $1.18 bln |
|
Q4 Adjusted Gross Margin |
| 17.6% |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 12 "hold" and 4 "sell" or "strong sell"
The average consensus recommendation for the computer hardware peer group is "buy"
Wall Street's median 12-month price target for Super Micro Computer Inc is $37.50, about 19.2% above its August 10 closing price of $31.46
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)