Super Micro Computer (SMCI) shares rose 8.5% in extended trading on Tuesday after the artificial intelligence server company reported second-quarter results and guidance that topped/missed Wall Street’s forecast.
For the period ending Dec. 31, Super Micro said it earned an adjusted $0.69 per share as revenue more than doubled year-over-year to come in at $12.53B. Analysts had expected the company to earn an adjusted $0.40 per share on $10.43B in revenue.
“With our leading AI server and storage technology foundation, strong customer engagements, and expanding global manufacturing footprint, we are scaling rapidly to support large AI and enterprise deployments while continuing to strengthen our operational and financial execution,” said Super Micro CEO Charles Liang in a statement. “Our DCBBS, Data Center Building Block Solutions, enable customers to scale faster, greener, and at lower cost, Supermicro is well positioned to capture the next wave of AI and IT infrastructure demand.”
Looking ahead to the fiscal third-quarter, Super Micro said it expects to earn at least $0.60 per share on an adjusted basis, with revenue of at least $12.3B. Analysts had expected adjusted earnings of $0.52 per share and $10.25B in revenue.
Super Micro also upped its full-year outlook and now expects revenue to be at least $40B, up from a prior view of at least $36B.
The company will host a conference call at 5 p.m. EST to discuss the results.