Shares of Super Micro Computer (NASDAQ: SMCI) jumped 10% on Monday, closing at $60.05, a sharp rise from the previous session’s $54.47.
The surge extends a strong uptrend in the stock, which has gained 112% over the past six months and nearly 100% year-to-date.
Monday’s rally was fueled by growing investor optimism ahead of the company’s upcoming fiscal fourth-quarter earnings report, scheduled for August 5.
Analysts expect Super Micro to report earnings of $0.44 per share for the current quarter, down 30.2% from the same period last year. Full-year earnings are projected at $2.07 per share, reflecting a 6.3% year-over-year decline.
Revenue for the current quarter is forecasted at $5.99 billion, representing a 12.8% increase from the same period last year. For the full fiscal year, revenue is expected to reach $22.2 billion, rising to $29.63 billion in fiscal 2026, representing annual growth of 48.6% and 33.5%, respectively.
In the previous quarter, Super Micro reported revenue of $4.6 billion, representing a 19.5% year-over-year increase. However, earnings slipped to $0.31 per share, down from $0.67 a year earlier.
SMCI stock fundamentals
Further fueling the rally, the United States government’s move to delay new technology export restrictions to China has provided a boost to semiconductor and AI-related stocks.
Reports indicate the Commerce Department was instructed to hold off on strict enforcement, a decision aimed at maintaining trade dialogue with China and paving the way for a potential meeting between President Donald Trump and Chinese President Xi Jinping later this year.
Overall, the AI server manufacturer has been riding strong momentum driven by the broader boom in artificial intelligence infrastructure. Its customizable rack servers, equipped with AI GPUs, are increasingly vital for data centers powering next-generation AI applications.
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