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Super Micro said it expects to report fourth-quarter sales of $2.15 billion to $2.18B, ahead of the prior range of $1.7B to $1.9B and the consensus of $1.8B. It sees non-GAAP EPS of $3.35 to $3.45, better than the prior estimate of $2.21 to $2.71 and the consensus of $2.45.
Supermicro plans to release final results in a press release on Tuesday, August 8. It didn’t comment on performance beyond its fourth quarter today.
Technology stocks declined broadly Thursday morning after Taiwan Semiconductor Manufacturing’s CEO said AI-related demand is not enough to offset the overall cyclicality of its business.
Super Micro shares were down 3.75% heading into midday.
