Super Micro Computer beats by $0.91, misses on revs; guides Q4 EPS above consensus, revs above consensus; guides FY24 EPS above consensus, revs above consensus (858.80 -31.55)
- Reports Q3 (Mar) earnings of $6.65 per share, excluding non-recurring items, $0.91 better than the FactSet Consensus of $5.74; revenues rose 200.0% year/year to $3.85 bln vs the $3.96 bln FactSet Consensus.
- Co issues upside guidance for Q4 (Jun), sees EPS of $7.62-8.42, excluding non-recurring items, vs. $7.13 FactSet Consensus; sees Q4 revs of $5.1-5.5 bln vs. $4.86 bln FactSet Consensus.
- Co issues upside guidance for FY24, sees EPS of $23.29-24.09, excluding non-recurring items, vs. $21.85 FactSet Consensus; sees FY24 revs of $14.7-15.1 bln vs. $14.58 bln FactSet Consensus.
- Co added, "Strong demand for AI rack scale PnP solutions, along with our team's ability to develop innovative DLC designs, enabled us to expand our market leadership in AI infrastructure. As new solutions ramp, including fully production ready DLC, we expect to continue gaining market share."