- 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.
