Key TakeawaysSuper Micro Computer revenue more than doubled on surging demand for artificial intelligence products.Second-quarter revenue and earnings at the server maker, an Nvidia partner, beat estimates.Shares jumped to an all-time high and are up 600% in the past year.Shares of Super Micro Computer (SMCI) surged to an all-time high Tuesday after the server maker posted better-than-expected quarterly results and raised its guidance for fiscal 2024 as it benefits from demand for artificial intelligence (A ...

Shares of Super Micro Computer popped more than 5% Tuesday, a day after the company handily exceeded estimates and raised its full-year revenue outlook in its fiscal second-quarter earnings report.Super Micro said revenue for the quarter came in at $3.66 billion, up from the $3.06 billion expected by analysts, according to LSEG (formerly known as Refinitiv). The company reported adjusted EPS of $5.59, well above the $4.93 analysts were anticipating, and even surpassing Super Micro's own guidance from earlie ...

Super Micro Computer (NASDAQ:SMCI) stock is rising higher on Tuesday after the company posted positive earnings results for its fiscal second quarter of 2024.The good news for SMCI stockholders starts with its adjusted earnings per share of $5.59. This is better than the $5.16 per share Wall Street was expecting. It’s also a major improvement over the $3.26 per share reported in the same period of the year prior.Adding to that is Super Micro Computer’s revenue of $3.66 billion. Yet again, that comes in abov ...

Super Micro Computer Inc., riding high on its ability to sell servers loaded with many of Nvidia’s chips, is now seeing growth rates similar to the chip giant, prompting investors to question how long this AI boom can last.The question is even more applicable to Supermicro SMCI, +4.54% than Nvidia because, by definition, the computer and server maker is in a commoditized business. Nvidia NVDA, +2.35% designs its own proprietary graphics processor chips that are in huge demand for AI applications, while serv ...

Super Micro Computer, Inc. (NASDAQ:SMCI) Q2 2024 Earnings Conference Call January 29, 2024 5:00 PM ET Company Participants Charles Liang - Founder, President and CEO David Weigand - Chief Financial Officer Michael Staiger - Vice President, Corporate Development Conference Call Participants George Wang - Barclays Samik Chatterjee - J.P. Morgan Nehal Choski - Northland Capital Markets Jon Tanwanteng - CJS Securities Quinn Bolton - Needham Aaron Rakers - Wells Fargo Ananda Baruah - Loop Capital Operator Thank ...

After Super Micro Computer Inc. shares surged to their best day on record earlier this month upon upbeat preliminary financial results, they were rallying again after the company issued a blowout outlook Monday afternoon. Super Micro SMCI, +4.54% expects fiscal third-quarter revenue of $3.7 billion to $4.1 billion along with adjusted earnings per share of $5.20 to $6.01. Both forecasts came in well above the FactSet consensus, which was calling for $2.9 billion in revenue and $4.61 in adjusted EPS. “Wh ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Super Micro Computer ((SMCI) reports its December results today after the closing bell.But much of the excitement and accolades have already happened after the provider of datacenter infrastructure equipment and solutions pre-announced better than expected revenues and profits on January 19.That Friday, SMCI shares surged 36%. And they were up as much as 15% last week to more all-time highs near $500.So the stage is set for "Supermicro" management to deliver more good news about their 2024 outlook that coul ...

Editor's note: Seeking Alpha is proud to welcome Max Feldman as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » SOPA Images/LightRocket via Getty Images Investment Thesis Investors are in awe of Super Micro's (NASDAQ:SMCI) performance on Friday, January 19, 2024 as the company saw its stock price jump 35%. However, even with this spike in the stock price, it ...

Super Micro Computer (SMCI -1.88%) stock has continued to post big gains this week. The company's share price was up 12.3% from last week's market close before the market opened this Friday, according to data from S&P Global Market Intelligence.On the heels of the explosive upward quarterly guidance revisions it issued last week, Super Micro Computer's bullish momentum has continued in this week's trading. The company's share price has also gotten a lift from ASML's better-than-expected fourth-quarter repor ...