Data center specialist Super Micro Computer (SMCI), better known as Supermicro, late Monday easily beat expectations for its fiscal second quarter. It also raised its sales guidance for the full year. SMCI stock rose in extended trading.

X

The San Jose, Calif.-based company earned an adjusted $5.59 a share on sales of $3.66 billion in the quarter ended Dec. 31. Analysts polled by FactSet had expected Supermicro earnings of $5.05 a share on sales of $2.8 billion. In the year-earlier period, Supermicro earned an adjusted $3.26 a share on sales of $1.8 billion.

Supermicro preannounced better-than-expected results for the December quarter on Jan. 18. The news sent SMCI stock soaring 35.9% in the next trading session. SMCI stock hit a regular-session all-time high of 496.78 on Jan. 24.

In after-hours trading on the stock market today, SMCI stock jumped 6.3% to 526.80. During the regular session Monday, SMCI stock advanced 4.5% to close at 495.67.

Supermicro sales have gotten a lift from major cloud service providers investing in systems for generative artificial intelligence. The computer systems maker works closely with AI chip providers including Advanced Micro Devices (AMD), Intel (INTC) and Nvidia (NVDA).

Earnings report details to follow.

SMCI stock is on the IBD 50 and Tech Leaders stock lists.

Follow Patrick Seitz on X, formerly Twitter, at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.

YOU MAY ALSO LIKE:

Logitech’s New Chief Executive Targets Return To Growth

Arm Elbows Into New Arenas As Chip Designer Takes On AI, Auto, Cloud, Other Markets

Intel Stock Flashes Sell Signals After Chipmaker’s Outlook Badly Misses

See Stocks On The List Of Leaders Near A Buy Point

Find Winning Stocks With MarketSmith Pattern Recognition & Custom Screens