Super Micro current quarter guidance tops estimates, but Q1 earnings fall short

📆 07/08/2024 2:13 AM
📰 Investingcom

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Super Micro current quarter guidance tops estimates, but Q1 earnings fall short

Investing.com -- Super Micro reported Tuesday upbeat revenue guidance for the current quarter even as Q1 earnings missed estimates and the data center company announced a stock split as it looks to capitalize on growing demand for artificial intelligence hardware used to power AI applications.

For fiscal Q1, non-GAAP net income per diluted share was estimated in a range of $6.69 to $8.27 on sales of $6.0 billion to $7.0 billion, compared with Wall Street estimates for $7.58 on revenue of $5.45B, respectively.) among its customers for servers, reported adjusted earnings of $6.25 share on sales of $5.31 billion Analysts polled by Investing.com had expected earnings of $8.1 a share on sales of $5.31 billion.

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