Super Micro sees quarterly revenue soaring on AI server boom
SMCI•Super Micro Computer expects first-quarter revenue of $18.5 billion to $19.5 billion, above analysts’ average estimate of $15.23 billion, and gross margins of 12% to 12.5%.
1. Revenue forecast rises
Super Micro Computer expects first-quarter revenue of $18.5 billion to $19.5 billion, compared with its prior forecast of $14.5 billion to $15.5 billion and analysts’ average estimate of $15.23 billion.
2. Margins improve
The company now expects gross margins of 12% to 12.5%, up from its prior forecast of 10.4% to 10.8% and above analysts’ estimate of 10.15%. It attributed the margin outlook primarily to customer and product mix.
3. AI demand supports growth
The server maker said it was benefiting from demand for AI data centers. The top four cloud-computing companies are expected to spend more than $700 billion on AI infrastructure this year.
