Super Micro current quarter guidance tops estimates, but Q1 earnings fall short By Investing.com

Category: Finance

Super Micro reported optimistic revenue guidance for the current quarter despite Q1 earnings falling short of estimates. The company announced a 10-for-1 stock split to leverage the growing demand for AI hardware. For fiscal Q1, non-GAAP net income per diluted share is projected between $6.69 and $8.27, with sales expected between $6.0 billion and $7.0 billion. The company anticipates net sales of $26.0B to $30.0B for fiscal year 2025, below analyst estimates.

Keywords: Super Micro, AI hardware, stock split

Source: Investing.com

Update At: 8/7/2024

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