Super Micro Stock Split: AI Demand Boosts Revenue Guidance | Investing.com
Super Micro's revenue guidance for the current quarter exceeds expectations despite Q1 earnings missing estimates. The data center company announces a 10-for-1 stock split to capitalize on growing demand for AI hardware.
Super Micro (NASDAQ:) reported adjusted earnings of $6.25 per share on sales of $5.31 billion for Q4, falling short of analyst estimates. The company expects non-GAAP net income per diluted share for Q1 to range from $6.69 to $8.27 on sales of $6.0 billion to $7.0 billion, compared to Wall Street estimates of $7.58 on revenue of $5.45B.
Looking ahead to fiscal year 2025, Super Micro forecasts net sales between $26.0B and $30.0B, lower than estimates of $33.54B. The company attributes this to record demand for new AI infrastructures.
Despite the positive guidance, Super Micro's stock (NASDAQ:) dropped 8% in after-hours trading following the report.
Analysis:
- Super Micro's stock split and revenue guidance show the company's confidence in the growing demand for AI hardware.
- The missed earnings in Q4 and lower-than-expected fiscal year 2025 sales forecast may raise concerns among investors.
- Investors should monitor Super Micro's performance closely to assess its ability to capitalize on the AI market and generate returns.