Super Micro Computer Lifts Q1 Revenue Outlook to $18.5 Billion-$19.5 Billion as Shares Jump 12%
Updated
Updated · CNBC · Oct 20
Super Micro Computer Lifts Q1 Revenue Outlook to $18.5 Billion-$19.5 Billion as Shares Jump 12%
2 articles · Updated · CNBC · Oct 20
Summary
Super Micro Computer surged 12% after hours after raising its fiscal first-quarter revenue forecast to $18.5 billion-$19.5 billion.
The new range is sharply above its prior $14.5 billion-$15.5 billion outlook, signaling stronger-than-expected demand for the data center server maker.
The move stood out in a mixed after-hours session: Capital One rose 5% and SpaceX gained 2%, while Intuitive Surgical dropped 10%, Netflix fell nearly 5% and United Airlines slipped 2%.
The revised forecast puts Super Micro among the session's biggest gainers and shifts investor focus to whether the stronger sales pace can be sustained through the quarter.