Super Micro Shares Jump 8% on 123% Revenue Surge and Gold Series Launch
Super Micro reported 123% revenue growth to $12.68 billion and non-GAAP EPS of $0.69, exceeding estimates. Shares rose about 8% after heavy call option activity and the launch of pre-configured Gold Series servers ready to ship within three business days, despite an ongoing export-control probe involving former associates.
1. Q1 Financial Highlights
In Q1, Super Micro reported revenue of $12.68 billion, up 123% year-over-year, and non-GAAP EPS of $0.69, beating the $0.49 consensus and driving heavy call option volume that fueled an 8% share increase.
2. Gold Series Product Launch
The company unveiled its Gold Series enterprise servers, featuring over 25 pre-configured single- and dual-processor systems with CPUs, GPUs, memory and storage integrated and ready to ship within three business days to accelerate AI and data workloads deployment.
3. Export-Control Probe and Legal Review
A legal overhang persists as three former associates, including a co-founder, face indictments for alleged export-control violations involving server shipments; Super Micro has initiated an independent review and says it may have been victimized by the scheme.