Supermicro Announces For FY24 Ending June 30, 2024, The Company Maintains Its Guidance For Net Sales From A Range Of $10B-$11B Vs $10.1B Est
Portfolio Pulse from Benzinga Newsdesk
Supermicro has maintained its FY24 guidance for net sales in the range of $10B-$11B, despite ongoing GPU supply constraints. The company reported first quarter revenue of $2.12B and is seeing strong demand for AI infrastructure and new compute and storage products.
November 01, 2023 | 8:40 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Supermicro's maintained FY24 guidance and strong Q1 revenue, despite supply constraints, may positively impact its stock price.
Supermicro's ability to maintain its FY24 guidance and report strong Q1 revenue, despite ongoing supply constraints, demonstrates strong operational efficiency and demand for its products. This could boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100