Super Micro Computer rises on upbeat annual revenue forecast
11/08/2026 21:35
BUZZ-Super Micro Computer rises on upbeat annual revenue forecast ** Shares of AI server maker Super Micro Computer SMCI.O up ~8% at $34.11 in extended trading on upbeat forecasts
** Co forecasts fiscal 2027 revenue between $65 billion and $72 billion, ahead of estimates of $52.50 billion, according to data compiled by LSEG
** Sees Q1 revenue between $14.5 billion and $15.5 billion, ahead of estimates of $11.68 billion, and adjusted net income per share between $1.01 and $1.10, above expectations of 76 cents
** Q4 revenue rises to $11.12 billion from $5.8 billion a year ago, while adjusted net income per share of $1.70 beats estimates of 96 cents
** Stock has risen ~8% YTD
(Reporting by Neil J Kanatt in Bengaluru)