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Benzinga
Benzinga
Business
Akanksha Bakshi

Super Micro Shares Shine On Raised Q3 Outlook

SMCI Nasdaq SuperMicro
  • Super Micro Computer, Inc (NASDAQ:SMCI) reports third-quarter FY22 preliminary financial information.
  • SMCI updated its net sales guidance and now expects it to be between $1.3 billion to $1.35 billion, compared to prior guidance of $1.1 billion to $1.2 billion. The consensus estimate is $1.14 billion.
  • It expects EPS of $1.28 to $1.38, compared to prior guidance of $0.58 to $0.81, and Adjusted EPS of $1.40 to $1.50, compared to prior $0.70 to $0.90 and the consensus estimate of $0.80.
  • Supermicro will release the actual financial results for the third quarter of 2022 on Tuesday, May 3, 2022.
  • The company attributes the increase in guidance to strong growth in customer demand and total IT solution value.
  • Price Action: SMCI shares are trading higher by 12.54% at $41.20 during the post-market session on Monday.
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