Super Micro shares jump 21% on strong fourth-quarter guidance
Updated
Updated · CNBC · May 5
Super Micro shares jump 21% on strong fourth-quarter guidance
14 articles · Updated · CNBC · May 5
The server maker forecast Q4 revenue of $11 billion to $12.5 billion and adjusted EPS of 65 to 79 cents, topping LSEG expectations, after Q3 revenue missed at $10.24 billion.
Adjusted Q3 EPS was 84 cents versus 62 cents expected, while executives blamed customer power and networking delays and wider supply constraints for deferred revenue recognition.
Super Micro said demand for AI servers using Nvidia chips remains strong, partners including Nvidia and Broadcom are supportive, and it does not expect restatements after an indictment involving former associates.
Amid a record forecast, can Super Micro overcome its export scandal and prevent a major client exodus?
As AI's thirst for power strains the grid, is the server industry's explosive growth truly sustainable?