Super Micro Guided Fiscal 2027 Revenue $16 Billion Above Wall Street and Missed the Quarter Anyway
The AI server maker's fourth quarter came in light. The year it says comes next is what the market is paying for.
Overview
Super Micro Computer (NASDAQ: SMCI) reported its fiscal fourth-quarter results (for the period ended June 30) after the market closed on Tuesday. Revenue of $11.1 billion came in below the $11.55 billion analysts polled by LSEG were expecting.
But the stock rose anyway, gaining about 7% in Tuesday's extended session and about 19% on Wednesday as of this writing.
Details
The reason is the outlook. For fiscal 2027, management guided revenue to a range of $65 billion to $72 billion. Analysts were modeling about $52.5 billion, according to LSEG. In other words, the artificial intelligence (AI) server maker just guided $16 billion above what Wall Street had penciled in, measured at the midpoint of the range.
Source
Originally published at www.fool.com.