TAIPEI (TVBS News) — Supermicro, the U.S.-based server and computer manufacturer, saw its stock prices surge by more than 10% during Monday's (Jan. 29) after-hours trading — a rise came after its financials from the October-December 2023 period and the current quarter's forecast both exceeded market expectations.
Supermicro upgraded its full-year revenue outlook for the 2024 fiscal year from US＄10-11 billion to US＄14.3-14.7 billion. Its current quarter sales estimate was US＄3.7-4.1 billion, with an adjusted earnings per share of US＄5.20-US＄6.01.
The company's net sales have spiked more than twofold from the US＄1.8 billion reported in the same period a year ago to $3.66 billion, beating the market estimate of US＄3.42 billion.
"We continue to win new partners," Supermicro CEO Charles Liang explained the company's success in a press release, stating, "Our existing end customers continue to need more of Supermicro's optimized AI computer platforms and rack-scale comprehensive IT solutions."