Super Micro rises after hiking outlook, Q1 results beat
BUZZ-Super Micro rises after hiking outlook, Q1 results beat ** Shares of AI server maker Super Micro SMCI.O advances 2.7% to $32.34 during early trading, after co reports Q1 earnings
** Co expects Q2 revenue in the range of $19.5 bln to $21.5 bln, above analysts' estimates of $17.14 billion
** Co also raises its fiscal 2027 revenue outlook to $72 bln to $82 bln up from the previous range of $65 bln to $72 bln, topping Wall Street's expectations of $69.17 bln
** SMCI posts Q1 revenue of $19.95 bln and adj.EPS of $1.81, both beating average analysts consensus, according to data compiled by LSEG
** Co's strong results were driven by robust demand for its AI-optimized servers, supporting sales growth
** Four of 20 brokerages rate the stock "buy" or higher, 12 "hold" and four "sell"; median PT is $43.5 - data compiled by LSEG
** Stock trading at 5.59 times expected EPS over the next 12 months, below industry median of 10.94
** Including session's moves, SMCI up over 9% YTD
(Reporting by Jayasree Prabhu)