The company now expects revenue of $18.5 billion to $19.5 billion, up from its earlier guidance of $14.5 billion to $15.5 billion. The new midpoint is around $4 billion above the previous midpoint. (Sources: BigGo Finance, TradingView)
Super Micro attributed the improved outlook primarily to stronger demand for AI platforms. Its server systems use advanced chips, including Nvidia GPUs, to support AI workloads and data-centre computing.
Super Micro expects gross margins of 12% to 12.5%, compared with its previous estimate of 10.4% to 10.8%. The company cited changes in customer and product mix.
The upbeat update lifted other AI infrastructure stocks in after-hours trading, including Dell Technologies and Hewlett Packard Enterprise. However, investors still question whether AI spending will generate sufficient returns for customers.