Super Micro Earnings: Stock Split Is Coming, But Stocks Are Down

Super Micro shares rose 10.7% in the aftermarket session after fiscal fourth-quarter profit fell short of expectations but revenue guidance was upbeat amid continued record demand for new AI infrastructure.

Net income for the quarter ended June 30 rose to $352.7 million, or $5.51 per share, from $193.6 million, or $3.43 per share, in the same period a year earlier.

Excluding one-time items, adjusted earnings per share rose to $6.25 from $3.51, but fell well short of the FactSet consensus of $8.12, marking the first miss in six quarters.

Net sales rose 143% to $5.31 billion, but were slightly below the FactSet consensus of $5.32 billion.

For the first quarter, the company expects sales of $6 billion to $7 billion, higher than the current FactSet consensus of $5.52 billion, and forecast adjusted earnings per share of $6.69 to $8.27, compared with expectations of $7.58.