Super Micro shares jump 19% after strong earnings guidance despite revenue miss

Super Micro Computer's shares surged 19% in after-hours trading following the release of its fiscal third-quarter results. While the company reported revenue of $10.24 billion, below the expected $12.33 billion, its adjusted earnings per share of 84 cents exceeded the 62 cents forecast. For the fiscal fourth quarter, Super Micro expects earnings between 65 to 69 cents per share and revenue between $11 billion to $12.5 billion, beating analyst estimates. The company, a key player in AI server markets using Nvidia GPUs, recently cut ties with a co-founder implicated in a federal indictment related to illegal server exports to China. Despite these challenges, Super Micro is expanding manufacturing capacity in Silicon Valley to meet growing AI demand.