Super Micro Computer, Inc. lifted its preliminary fiscal 2027 first-quarter revenue outlook, citing stronger demand for AI platforms as it projected sales above its previous range.
Revenue for the quarter ended Sept. 30 is now estimated at $18.5 billion to $19.5 billion, compared with the prior estimate of $14.5 billion to $15.5 billion. Each end of the range increased by $4 billion. The figures are unaudited and may change as the company completes its financial statements.
Super Micro also raised its gross margin estimate to 12.0% to 12.5%, from 10.4% to 10.8%, citing its customer and product mix. EconoTimes reported that shares closed at $35.55, up 9.5%, on Oct. 21 following the outlook revision.
Super Micro will discuss its fiscal 2027 first-quarter results on a call scheduled for Nov. 3 at 5 p.m. ET.
