Super Micro Computer gains as AI-driven revenue forecast above estimates

** Shares of AI server maker Super Micro Computer SMCI.O rose 10.8% to $35 in premarket trading after the company forecast fiscal 2027 revenue above Wall Street estimates, citing strong demand.

** The company sees FY27 revenue between $65 billion and $72 billion, well above analysts' average estimate of $52.50 billion, according to LSEG.

** Gross margins for the fourth quarter ended June 30 stood at 17.5%, ahead of the company's preliminary estimate of 15% to 17% and its initial forecast of 8.2% to 8.4%.

** The company credited the improvement to better-than-anticipated customer and product mix, including the deferral of several contracts to the first quarter.

** The stock is rated "hold" on average by 21 analysts, with a median price target of $37.5, data compiled by LSEG show.

** SMCI's shares have risen about 8% year to date, lagging the Nasdaq's .IXIC roughly 14% advance.