SUPER Micro Computer forecast second-quarter revenue above Wall Street estimates on Tuesday as strong demand for its AI-optimized servers boosted sales, sending the company's shares up more than 9 percent in extended trading.
The San Jose, California-based server maker has been a key beneficiary of the AI infrastructure boom, with strong demand for its Nvidia-powered systems as cloud providers and technology companies continue to expand data-center capacity.
Super Micro Computer appointed former Western Digital executive Mark Long as CFO last month, nearly two years after launching a search for the role amid concerns over its financial and accounting practices.
Super Micro reported first-quarter revenue of $19.95 billion, above the analysts' average estimate of $16.39 billion, according to data compiled by LSEG.
It earned $1.81 per share on an adjusted basis for the quarter ended Sept. 30, compared with estimates of $1.23.
Gross margins for the quarter stood at 12.7 percent, ahead of the preliminary estimate of 12.0 percent to 12.5 percent.
The company expects second-quarter revenue in the range of $19.5 billion to $21.5 billion, above analysts' estimate of $17.14 billion.
It also forecast fiscal 2027 revenue of $72.0 billion to $82.0 billion, compared with its prior forecast of $65.0 billion to $72.0 billion and the Street's estimate of $69.17 billion.
The company has faced scrutiny after a contractor pleaded guilty last month to charges related to illegally exporting servers containing advanced Nvidia AI chips to China.
The company is embedding compliance into its culture and expanding resources to ensure robust internal controls, Long told Reuters.
