Menu

1 / 2

Super Micro stock jumps 19% on guidance beat as revenue more than doubles

CNBC·Jordan Novet·6 months ago
#LZly51rT
Reading 0:00
15s threshold

Super Micro CEO Charles Liang speaks at the HumanX conference in Las Vegas on March 10, 2025.

Big Event Media | HumanX | Getty Images

Super Micro Computer shares jumped 19% in extended trading on Tuesday after the server maker issued strong guidance, although revenue for its fiscal third quarter came in below estimates.

Here's how the company did in comparison with LSEG consensus:

Earnings per share: 84 cents adjusted vs. 62 cents expected

Revenue: $10.24 billion vs. $12.33 billion expected

Revenue jumped 123% year over year in the quarter, which ended on March 31, according to a statement .

Customer readiness caused delays in recognizing revenue during the quarter, CEO Charles Liang told analysts on a conference call.

"Several customers were not yet equipped with the power and networking required for their cloud deployment, and we expect to capture this revenue in the coming quarters," he said.

For the fiscal fourth quarter, management called for 65 cents to 79 cents in adjusted earnings per share…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.