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Super micro reports q1 revenue down 15% yoy to $5b, vs Smci) , a total it solution provider for ai, cloud, storage and 5g/edge, today announced financial results for its second quarter of fiscal year 2024 ended december 31, 2023. $6.09b est., and forecasts q2 profit below estimates
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Smci drops 9%+ after hours — super micro computer inc $6.09b est., and forecasts q2 profit below • • world • one news page Investor concerns were further fueled by super micro’s weak forward guidance
The company projected adjusted earnings per share of 40 to 52 cents on revenue of $6 billion to $7 billion for the upcoming fiscal quarter, well below the analyst consensus of 59 cents and $6.6 billion, respectively.
Next quarter’s revenue guidance of $6.5 billion underwhelmed, coming in 2.9% below analysts’ estimates
