Super Micro gives up gains as Q4 results, guidance top estimates; unveils stock split

Category: Finance

Super Micro Computer's shares fell 7% after reporting fiscal fourth-quarter results that exceeded expectations, with earnings of $6.25 per share and revenue of $5.31B. The company anticipates significant growth in fiscal 2024, projecting revenue of $14.9 billion. Concerns about margin compression were raised, despite optimistic sales forecasts for fiscal 2025 between $26B and $30B.

Keywords: Super Micro Computer, AI infrastructure, fiscal results

Source: Seeking Alpha

Update At: 8/7/2024

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