SMCI Stock Jumps 9% as Supermicro Raises FY2027 Revenue Outlook
Photo: The Crypto Basic
Super Micro Computer (NASDAQ: SMCI) shares rose about 9% to $34.12 in Wednesday’s premarket trading after the AI server manufacturer reported record quarterly revenue, exceeded earnings expectations, and raised its fiscal 2027 sales forecast. Supermicro reported $19.95 billion in revenue for its fiscal first quarter ended September 30, nearly quadrupling the $5.02 billion recorded a year earlier. Adjusted earnings reached $1.81 per share, compared with analysts’ expectations of $1.23. Revenue also exceeded the $16.39 billion consensus estimate compiled by LSEG. The company increased its fiscal 2027 revenue forecast to $72 billion–$82 billion from $65 billion–$72 billion .
Source: The Crypto Basic
