Super Micro Revenue Forecast Beats Estimates on AI Demand
Super Micro Computer projected fourth-quarter revenue between 11 and 12.5 billion dollars. Strong AI demand drove shares up 11 percent in extended trading Tuesday.
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SUPER MICRO COMPUTER INC forecast fourth-quarter revenue between $11 billion and $12.5 billion on Tuesday, sending shares up 11% in extended trading. The guidance exceeds the $11.07 billion average estimate from LSEG analysts. The server maker has been a primary beneficiary of the AI arms race, with its ability to quickly build and ship customized, high-performance servers making it a preferred vendor for data center operators and AI startups.
