Supermicro Provides Second Quarter Fiscal 2024 Business Update

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Super Micro Computer (SMCI) surges after lifting guidance

January 19, 2024 8:17 AM EST

Shares of Super Micro Computer (NASDAQ: SMCI) have jumped more than 11% premarket after the company raised its second-quarter guidance.

The company said it is experiencing a strong market and end customer demand for its rack-scale, AI and Total IT Solutions in the second quarter, ended December 31. As a result, it now sees net sales coming in from $3.6 billion to $3.65 billion, up... More