What's Going On With Super Micro Computer Shares Today
Portfolio Pulse from Lekha Gupta
Super Micro Computer Inc (SMCI) shares are trading lower despite the company reporting higher than expected Q4 preliminary results. The company expects net sales of $2.15 billion-$2.18 billion and adjusted EPS of $3.35-$3.45, both higher than prior guidance and consensus. The company attributes this to strong record design wins, orders, and a fast-growing backlog. Q4 FY23 results will be released on August 8, 2023.

July 20, 2023 | 3:41 pm
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Super Micro Computer Inc's shares are trading lower despite reporting higher than expected Q4 preliminary results. The company attributes this to strong record design wins, orders, and a fast-growing backlog.
Despite the company reporting higher than expected Q4 preliminary results, the shares of Super Micro Computer Inc are trading lower. This could be due to a variety of factors such as market sentiment, overall market conditions, or specific investor concerns not mentioned in the article.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100