Super Micro Computer (SMCI) – Notable Pre-Announcement – January 20, 2024

By Brad FreemanJanuary 21, 2024Posted in Stock Insights

Third-Party Content. Provided for informational purposes only. Not investment advice or a recommendation to buy or sell any security. See disclosure here.

Super Micro Computer (SMCI) – Notable Pre-Announcement – January 20, 2024

SMCI pre-announced its upcoming quarterly results this week… and boy was it an impressive release. Revenue is now expected to be 29% higher than its previous guide of $3.625 billion at the midpoint. It also now expects earnings per share of $5.47, which is $1.03 better than its previous guidance. Finally, it sees GAAP EPS of $4.97, which is $0.97 better than its previous guidance. Mic drop. Congrats to shareholders. SMCI designs high performance servers and computers. This bodes very well for sectors like AI, high performance compute and general data center demand. That’s why we saw the semiconductor sector perform so strongly on Friday.

Source: YCharts

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Brad Freeman

Stock Market Nerd, BBAE Contributor

Meet Brad Freeman, an independent financial analyst on the BBAE blog, and publisher of the popular StockMarketNerd newsletter. He's known for his thorough, candid takes on many of the most widely-held stocks’ earnings reports — and some less-known companies that Brad feels hold promise. When this University of Michigan finance grad isn't sharing his financial wisdom with his readers, he passionately supports his hometown Detroit sports teams. Keep an eye out for Brad's market analysis and insights.

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