Super Micro offers strong guidance

|About: Super Micro Computer, Inc. (SMCI)|By:, SA News Editor

Super Micro (NASDAQ:SMCI) expects FQ3 revenue of $450M-$500M and EPS of $0.46-$0.52. The former is mostly above a $457.8M consensus, and the latter entirely above a $0.43 consensus.

FQ2 gross margin rose 110 bps Q/Q and 130 bps Y/Y to 16.8%. GAAP opex rose 19% Y/Y to $41.6M (compares with revenue growth of 41%). One customer made up over 10% of sales.

SMCI +1.5% AH. Some good news has been priced in since the server vendor posted an FQ1 beat three months ago.

FQ2 results, PR.

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