Super Micro Shares Shine On Raised Q3 Outlook

Super Micro Computer, Inc 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.

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