Super Micro’s Revenue Falls Short, but Guidance Boosts Stock

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.

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