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Super Micro Computer Stock Skyrockets After Q4 Guidance Hike

IT solutions provider Super Micro Computer, Inc. (NASDAQ:SMCI) shares are soaring in after-hours trading after the company provided preliminary financial information…
byAkanksha Bakshi
July 20, 2022
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  • IT solutions provider Super Micro Computer, Inc. (NASDAQ:SMCI) shares are soaring in after-hours trading after the company provided preliminary financial information for Q4 results.
  • SMCI, reflecting on the customer design wins ramping, and its total IT solution value raised the guidance for Q4.
  • Super Micro Computer expects net sales of $1.58 billion to $1.63 billion (prior guidance of $1.4 billion to $1.48 billion) vs. a consensus of $1.43 billion.
  • It sees GAAP EPS of $2.20 to $2.30 (prior $1.45 to $1.64) and Non-GAAP EPS of $2.30 to $2.40 (prior $1.51 to $1.69) vs. a consensus of $1.57.
  • Price Action: SMCI shares are trading higher by 21.57% at $55.40 during the post-market session on Wednesday.
 
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