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What’s Going On With Super Micro Computer Shares Today

Super Micro Computer Inc (NASDAQ: SMCI) shares are trading lower Thursday after the company reported
byLekha Gupta
July 20, 2023
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Super Micro Computer Inc (NASDAQ:SMCI) shares are trading lower Thursday after the company reported Q4 preliminary results.

For Q4, the company expects net sales of $2.15 billion-$2.18 billion (vs. prior guidance of $1.7 billion-$1.9 billion and consensus of $1.8 billion) and adjusted EPS of $3.35-$3.45 (vs. $2.21-$2.71 prior guidance and consensus of $2.45).

The company is benefiting from strong record design wins, orders, and a fast-growing backlog. 

The company will release Q4 FY23 results on August 8, 2023. 

Also Read: Super Micro Computer Is Well Positioned In The ‘Mother of All Cycles,’ Says Analyst

Price Action: SMCI shares are trading lower by 4.13% at $291.13 on the last check Thursday.

 
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