Super Micro raises quarterly revenue forecast to $19.5 billion, driving up stock prices of SMCI, Dell, and HPE
2026-10-22 00:58:45
CoinMeta Data: Super Micro announces an upward revision of its quarterly revenue forecast to $19.5 billion, an increase of $4 billion from the previous estimate, driving the stock price of SMCI up by about 12%. The company expects its quarterly revenue as of September 30 to range from $18.5 billion to $19.5 billion, a significant rise from the previous forecast of $14.5 billion to $15.5 billion. Super Micro has also raised its estimated gross margin to 12%-12.5%. This news has also boosted the stock prices of competitors Dell and HPE, as the market demand for artificial intelligence infrastructure remains strong.
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Source:Coinpaper
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