US Stock Market Move | Raise Annual Revenue Expectations: Super Micro Computer, Inc. (SMCI.US) Surges Over 12% at Opening.

On Wednesday, Super Micro Computer, Inc. (SMCI.US) opened up more than 12%, to $33.40. On the news front, the company announced its second fiscal quarter performance ending on December 31, with sales increasing by over 123% year-on-year to $12.68 billion, surpassing analysts' expectations of $10.22 billion; adjusted earnings per share were 69 cents, also exceeding analysts' expectations of 49 cents. Looking ahead to the third fiscal quarter, Super Micro Computer, Inc. expects revenue to reach at least $12.3 billion, with adjusted earnings per share at least 60 cents, both exceeding expectations. In addition, the company raised its sales guidance for the fiscal year from at least $36 billion to at least $40 billion. "With our leading AI server and storage technology foundation, strong customer relationships, and expanding global manufacturing footprint, we are rapidly expanding our scale to support large-scale AI and enterprise deployments, while continually strengthening our operational and financial performance," said Liang Zhiqiang, Founder, President, and CEO of Super Micro. "Our Data Center Building Block Solutions (DCBBS) can help customers expand their scale more quickly, in a more environmentally friendly manner, at lower costs. Super Micro is well prepared to meet the next wave of AI and IT infrastructure demand."