Here's Why Super Micro Computer Shares Are Soaring

by Anusuya Lahiri, Benzinga Editor
October 20, 2022 10:23 AM | 1 min read |
  • Super Micro Computer, Inc SMCI boosted guidance for its first quarter of the fiscal year 2023 due to customer design wins ramping and total IT solution value.
  • SMCI sees net sales of $1.78 billion - $1.82 billion, up from the previous guidance of $1.52 billion - $1.62 billion.
  • Also Read: Super Micro Computer Shares Are Surging Today: Here's Why
  • SMCI expects non-GAAP EPS of $3.05 - $3.20, up from the prior outlook of $2.07 - $2.32
  • SMCI will release fiscal first quarter 2023 financial results on November 1, 2022, after the close of regular trading.
  • Price Action: SMCI shares traded higher by 13.40% at $63.06 on the last check Thursday.
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