Super Micro's Weak Profit Fuels AI Server Margin Anxieties

Category: Business

Super Micro Computer Inc. reported quarterly revenue of $5.31 billion and profit of $6.25 per share, both missing analysts' estimates. The company forecasts revenue between $26 billion and $30 billion for the fiscal year ending June 30, 2025, exceeding Wall Street projections. Despite a surge in demand for AI-related equipment, concerns about long-term profitability persist, leading to stock volatility following the earnings report and a 10-for-1 stock split announcement.

Keywords: Super Micro Computer, AI servers, quarterly earnings

Source: Yahoo Finance

Update At: 8/7/2024

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