From Investing.com: 2024-08-06 17:06:14

Super Micro reported strong revenue guidance for the current quarter despite missing Q1 earnings estimates. The company announced a 10-for-1 stock split to capitalize on AI hardware demand. Fiscal Q1 non-GAAP net income is projected between $6.69 to $8.27 per diluted share on sales of $6B to $7B. Q4 earnings fell short of analyst estimates. For fiscal year 2025, Super Micro guides net sales between $26B and $30B. The company, serving Nvidia among others, reported adjusted earnings of $6.25 per share on sales of $5.31 billion for the quarter ended Jun. 30. Trading lower in afterhours, Super Micro sees record AI infrastructure demand.



Read more at Investing.com: Super Micro current quarter guidance tops estimates, but Q1 earnings fall short By Investing.com