SMCI (78.87) raises Dec Q2 guidance to midpoint $3.15 adj from $2.77 previously -
Supermicro (Nasdaq: SMCI), a Total IT Solution Provider for Cloud, AI/ML, Storage, and 5G/Edge, today announced preliminary financial information for its second quarter of fiscal 2023 ended December 31, 2022.
Due to Supermicro's expanding markets and diversified customer base adopting our rack-scale Total IT Solutions, Supermicro anticipates the following results:
Expected Range
Prior Guidance
Net sales
$1.77B to $1.80B
$1.7B to $1.8B
GAAP diluted net income per common share
$2.95 to $3.10
$2.54 to $2.81
Non-GAAP diluted net income per common share
$3.07 to $3.22
$2.64 to $2.90
This unaudited financial information is based on preliminary results and management's estimates and is inherently uncertain and subject to revision in connection with the Company's financial closing procedures and finalization of the Company's financial statements for its second quarter of fiscal 2023. Actual results for the second quarter of fiscal 2023 may differ materially from these preliminary unaudited financial results.
Conference Call and Webcast Information
Supermicro will release second quarter of fiscal 2023 financial results in a press release on Tuesday, January 31, 2023, after the close of regular trading. The Company will hold a phone conference to discuss these results with investors and financial analysts beginning at 2:00 p.m. Pacific Time (PST).
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