Super Micro Computer, Inc. (NASDAQ:SMCI) shares rose in extended trading Tuesday after the company released its second-quarter earnings report, beating Wall Street estimates on the top and bottom lines.
Here you will find the key figures for the quarter.
The details: Super Micro Computer reported quarterly earnings of 69 cents per share, beating analysts’ consensus expectations of 49 cents by 41.68%, according to data from Benzinga Pro.
Quarterly revenue came in at $12.68 billion, ahead of the Street estimate of $10.22 billion and up from $5.68 billion in the same period last year.
Super Micro reported the following second quarter highlights:
“With our industry-leading AI server and storage technology base, strong customer engagement and growing global manufacturing footprint, we are rapidly scaling to support large AI and enterprise deployments while continuing to strengthen our operational and financial execution,” said Charles LiangCEO of SuperMicro.
Outlook: Super Micro expects third-quarter adjusted earnings per share of 60 cents, compared with analysts’ estimate of 53 cents, and expects revenue of $12.3 billion, compared with analysts’ estimate of $10.15 billion.
SMCI stock price: According to data from Benzinga ProSuper Micro shares rose 7.21% to $31.81 in extended trading Tuesday.
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