US Stock Market Move | Fiscal year 2026 revenue target of $40 billion far exceeds expectations. Super Micro Computer, Inc. (SMCI.US) surged over 11% in pre-market trading.
On Wednesday, Super Micro Computer Inc. (SMCI.US) surged over 11% in pre-market trading, reaching $43.05.
On Wednesday, Super Micro Computer, Inc. (SMCI.US) surged more than 11% in pre-market trading, reaching $43.05. On the news front, the company announced its preliminary performance for the second quarter of fiscal year 2025, with sales expected to be between $5.6 billion and $5.7 billion, lower than analysts' expectations of $5.77 billion; adjusted earnings per share are expected to be between $0.58 and $0.60, slightly lower than analysts' expectations of $0.61. At the same time, Super Micro Computer, Inc. CEO Charles Liang announced a long-term goal, expecting revenue to reach $40 billion in fiscal year 2026, far exceeding analysts' expectations of $29.18 billion.
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