Super Micro Computer (SMCI) Stock Jumps 8% After Earnings Beat, Strong Outlook

TLDR Super Micro Computer (SMCI) stock was up 7.65% at $33.79 in premarket Wednesday after fiscal Q1 results. Adjusted EPS was $1.81 on revenue of $19.95 billion, versus $1.23 and $17.53 billion expected. Revenue and gross margin both topped the preliminary figures the company shared on Oct. 20. Q2 guidance calls for adjusted EPS of $1.66 to $1.90 and revenue of $19.5 billion to $21.5 billion. The stock had fallen 27% over the past month and 38% over the past year before the report. Super Micro Computer (SMCI) stock jumped about 8% in after-hours trading Tuesday.

Source: CoinCentral