Super Micro Computer, Inc. SMCI shares are trading higher in Thursday's after-hours session. The company provided a second-quarter business update after the close of the market. Here's a summary of the details.
What To Know: Super Micro Computer announced updated financial guidance for the second-quarter, which surpassed its previous outlook.
The company estimated that second-quarter net sales will be between $3.6 billion and $3.65 billion, versus the prior guidance of between $2.7 billion and $2.9 billion.
Non-GAAP diluted net income per common share is expected to be between $5.40 and $5.55, versus the previous forecast of between $4.40 to $4.88.
The company cited robust market and end customer demand for its rack-scale, AI and Total IT Solutions as factors influencing the expected results.
A live audio webcast of a conference call to review Super Micro Computer's second quarter will be presented by the company on Jan. 29, at 5 p.m. ET/ 2 p.m. PT.
Related Link: PPG Industries Stock Slips: Top And Bottomline Wins Don't Offset Weak Q1 Guidance
SMCI Price Action: Shares of Super Micro Computer were up 5.99% at $330.10 in the after-hours session at the time of publication, according to Benzinga Pro.
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