Results for: Fiscal Third Quarter

Super Micro Computer Inc. reported fiscal third-quarter revenue that fell short of expectations, but the server maker raised its outlook for the year, sending shares higher in extended trading. The company earned $6.65 per share, excluding items, on revenue of $3.85 billion. Analysts surveyed by Refinitiv had expected $5.78 per share on revenue of $3.95 billion. Super Micro’s revenue jumped 200% year over year, compared with a 103% increase in the previous quarter. The company now expects fiscal 2024 revenue of $14.7 billion to $15.1 billion, up from a previous range of $14.3 billion to $14.7 billion.

Seagate Technology Holdings plc (NASDAQ: STX) announced solid third-quarter fiscal results, surpassing analyst earnings expectations and projecting a positive outlook for the upcoming quarter. Adjusted earnings per share (EPS) reached $0.33, exceeding the consensus estimate of $0.29, while revenue amounted to $1.66 billion, slightly below the anticipated $1.68 billion. CEO Dave Mosley attributed the strong performance to improved cloud demand, operational efficiency, and effective pricing strategies. Despite a revenue decline compared to the same quarter last year, Seagate anticipates a promising fiscal fourth quarter with an adjusted EPS forecast of $0.70 and revenue projections exceeding analyst estimates. The company remains committed to shareholder returns, declaring a quarterly cash dividend of $0.70 per share.