Super Micro Computer Stock Jumps on Raised Q3 Outlook

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Given the strong growth in customer demand and its total IT solution value, the company raised its estimates, now expecting Net Sales to be in the range of $1.3-$1.35 billion vs. the prior $1.1-$1.2 billion, and the Street estimate of $1.14 billion.

The company expects Q3 non-GAAP diluted EPS to be $1.40-$1.50 (vs. prior $0.70-$0.90), compared to the Street estimate of $0.80.

By Davit Kirakosyan