Company’s preliminary figures show sales and earnings well above expectations
- Super Micro Computer Inc. expects to report fiscal second-quarter results significantly above expectations
- Preliminary figures show net sales of $3.6 billion to $3.65 billion, surpassing the $2.8 billion consensus
- Adjusted earnings per share for the December quarter expected to be $5.40 to $5.55, higher than analysts’ estimates
- Super Micro shares up more than 6% in aftermarket trading
- Good news for the chip sector as Taiwan Semiconductor Manufacturing Co. issues better-than-expected forecast
- Super Micro’s stock has almost quadrupled in the past year, driven by AI-related servers
Super Micro Computer Inc., a partner of Nvidia Corp., has announced that it expects to report fiscal second-quarter results significantly above the consensus view. Preliminary figures show net sales of $3.6 billion to $3.65 billion, surpassing the $2.8 billion consensus. Adjusted earnings per share for the December quarter are expected to be $5.40 to $5.55, higher than analysts’ estimates. This news has caused Super Micro shares to rise more than 6% in aftermarket trading. The positive outlook for Super Micro comes amidst other good news for the chip sector, as Taiwan Semiconductor Manufacturing Co. issued a better-than-expected forecast for the current quarter. Super Micro’s stock has almost quadrupled in the past year, driven by its revenue from AI-related servers.
Public Companies: Super Micro Computer Inc. (SMCI), Nvidia Corp. (NVDA), Taiwan Semiconductor Manufacturing Co. (TSM), Advanced Micro Devices Inc. (AMD)
Private Companies:
Key People:
Factuality Level: 7
Justification: The article provides information about Super Micro Computer Inc.’s preliminary quarterly figures, which are above the consensus view. It also mentions the company’s expectations for adjusted earnings per share for the December quarter. The article includes information about the performance of Super Micro’s stock and its revenue from AI-related servers. However, the article lacks in-depth analysis and context, and it does not provide a balanced perspective by not mentioning any potential risks or challenges the company may face.
Noise Level: 3
Justification: The article provides relevant information about Super Micro Computer Inc.’s positive fiscal second-quarter results and its partnership with Nvidia. However, it lacks in-depth analysis, scientific rigor, and actionable insights. The article also includes some irrelevant information about Taiwan Semiconductor Manufacturing Co.’s forecast and the performance of other chip stocks, which is not directly related to Super Micro’s results.
Financial Relevance: Yes
Financial Markets Impacted: The news article pertains to the chip industry and specifically mentions Super Micro Computer Inc., Nvidia Corp., Taiwan Semiconductor Manufacturing Co., and Advanced Micro Devices Inc.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the positive outlook for Super Micro Computer Inc. in the chip industry, highlighting its strong sales and earnings expectations. There is no mention of any extreme events or disruptions.
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