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

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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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