The server maker reported preliminary results and said sales for the quarter ended Sept. 30 will land between $18.5 billion and $19.5 billion, ahead of the $15 billion consensus based on Bloomberg-compiled estimates. It also put gross margin in a 12% to 12.5% range.
After a $32.47 New York close, the shares were up roughly 12% in the after-hours session. Even before the pop, shares were up 11% this year.
The company is riding a sharp upswing in demand for equipment that trains and operates AI workloads. Its systems are built around Nvidia chips, now the preferred parts for most AI data centers.
Super Micro remains under scrutiny due to an investigation that claims a co-founder and two others unlawfully routed servers valued in the billions of dollars to China, contravening US law. The company has not been charged, and an independent review concluded that senior leadership was unaware of the alleged scheme.
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The company said it will review the results on a Nov. 3 conference call and did not provide a reason for releasing the numbers ahead of the scheduled report.
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