Super Micro Computer Misses Earnings Estimates, Announces 10-for-1 Stock Split

stock split.

The company’s revenue for the quarter more than doubled year-over-year to $5.31 billion and came in slightly ahead of analysts’ expectations, but margins fell as costs rose, holding back profits. Net income of $353 million or $5.51 per share surged from the year prior, but missed analysts’ projections.

Record Demand for New AI Infrastructure

Super Micro Computer CEO Charles Liang said the company has benefited from “record” demand for artificial intelligence infrastructure.

The CEO added the company could be “well positioned to become the largest IT infrastructure company, driven by our technology leadership including rack-scale DLC liquid cooling and business values of our new Datacenter Building Block Solutions.”

Super Micro Computer said it expects revenue to be between $6 billion and $7 billion for the first quarter of fiscal 2025, while its full-year sales outlook was in the range of $26 billion and $30 billion, above analysts’ projections.

The company also announced a 10-for-1 forward split, with split-adjusted trading expected to start on Oct. 1.

Super Micro Computer shares were down more than 12% at $540.02 in extended trading as of 6:50 p.m. ET Tuesday following the company’s earnings release.

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