Super Micro Computer (SMCI) shares surged 12% in after-hours trading after significantly raising its fiscal Q1 revenue outlook. The company now expects revenue of $18.5B-$19.5B, up from $14.5B-$15.5B, well above analyst consensus of $14.99B. Gross margin outlook also improved to 12.0%-12.5% from 10.4%-10.8%, driven by a favorable customer and product mix. This positive revision signals robust demand for AI platforms and offers relief after a prior preliminary results warning .
Supermicro stock surges 12% after raising revenue outlook on AI demand
STREETINSIDER.COMOct 20, 8:41 PM UTC
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