Supermicro Announces Preliminary Financial Results For Q4 2023; Now Sees Q4 EPS $3.35-$3.45 Vs $2.21-$2.71 Prior; Revenue $2.15B-$2.18B Vs $1.7B-$1.9B Prior
Portfolio Pulse from Happy Mohamed
Supermicro (NASDAQ:SMCI) has announced preliminary financial results for Q4 2023, with expected EPS of $3.35-$3.45, up from the prior estimate of $2.21-$2.71, and revenue of $2.15B-$2.18B, up from the prior estimate of $1.7B-$1.9B. The company has experienced record design wins, orders, and a fast-growing backlog. The final results may differ materially from these preliminary results.
July 20, 2023 | 1:08 pm
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Supermicro's preliminary Q4 2023 results show higher than expected EPS and revenue, indicating strong performance.
Supermicro's preliminary results for Q4 2023 show higher than expected EPS and revenue, indicating strong performance. This could lead to a positive impact on the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100