Following the release of preliminary quarterly financials, Super Micro Computer Inc. (NASDAQ: SMCI) shares were up 16.71% to trade at $64.88 at the time of the previous check.
What did SMCI disclose?
Preliminary financial data for the first quarter of Supermicro’s fiscal year 2023, which concluded on September 30, 2022, was released today by Super Micro Computer (SMCI).
Because of our complete IT solution value and the ramping up of client design wins, SMCI expects the following outcomes:
- Compared to the previous forecast of $1.52B to $1.62B, Supermicro anticipates Net Sales to reach $1.78B to $1.82B.
- Compared to earlier projections of $2.01 to $2.27, the business now anticipates GAAP diluted net income per common share to be in the range of $3.00 to $3.15.
- In contrast to prior estimate of $2.07 to $2.32, non-GAAP diluted net income per common share is now expected to be in the range of $3.05 to $3.20.
On Tuesday, November 1, 2022, following the conclusion of normal trading, SMCI will issue a press release detailing its financial results for the fiscal first quarter of 2023. At 2:00 p.m. Pacific Time, Super Micro Computer will have a phone conference with investors and financial experts to go over these findings.
SMCI’s expansion efforts:
SMCI last week announced further integration of important open hardware and open source technologies into the foundation of the SMCI server range. By reducing proprietary lock-in, these open technologies foster innovation across a large developer and supplier community.
The new and forthcoming 8U 8-GPU Rack Optimized Systems comprises a wide range of open technologies and offers higher power and thermal characteristics for large-scale AI training. This system includes an open, OCP ORV2-compliant DC-powered rack bus bar, OCP 3.0-compliant AIOM cards, and an OAM universal baseboard design for the GPU complex.
With the use of these open technologies, the system may be made more effective with consistent power delivery, increased cooling, and future flexibility for a variety of servers and GPU alternatives. With support for up to 400W CPUs and 700W GPUs, up to 8TB of memory with 32 DIMMs of DDR4 RAM, future support for DDR5, up to 6 NVMe All-Flash SSDs, and up to 10 dedicated I/O modules, the 8U 8-GPU System offers best-in-class performance.
What other areas has SMCI been growing?
The usage of OCP 3.0 compatible Advanced IO module (AIOM) cards, which will offer up to 400 Gbps bandwidth based on PCI-E 5.0, has also been increased by Super Micro Computer (SMCI). The 8U Universal GPU System, 1U Cloud DC with twin AIOM expansion slots, 2U Hyper and GrandTwin systems with next-generation CPUs, and AIOM expansion slots all support SMCI’s Open I/O modules.