Super Micro +14.3% AH on FQ2 beat, strong FQ3 top-line guidance

Shares of Super Micro Computer (SMCIspike 14.3% AH following an across-the-board FQ2 beat and strong FQ3 guidance.

Gross margin during the quarter expanded 170 bp Y/Y and 40 bp Q/Q to 15.5%.

Management expects FQ3 EPS of $0.24-$0.30 (vs. analyst consensus of $0.25) on revenue of $320M-$350M (well above the consensus of $317.4M). CEO Charles Liang expects "strong growth" in CY2014 with the upcoming launches of the TwinPro series with SAS 3 and NVMe.

PR, Conference call at 5pm ET

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