At one point, it surged 10% after the market! The quarterly revenue outlook for ultra-micro computers (SMCI.US) far exceeds the most optimistic expectations, and the AI computing power frenzy is further proof

The Zhitong Finance App learned that the current quarterly revenue guidelines issued by Ultra Micro Computer Company (SMCI.US) far exceeded analysts' estimates, once again confirming that the booming artificial intelligence (AI) market continues to drive sales of its server products. The company announced on Tuesday that revenue for the quarter ending September is expected to reach 14.5 billion to 15.5 billion US dollars, and earnings per share after excluding specific projects are expected to be 1.01 to 1.10 US dollars. According to market compilation data, analysts expect average revenue of about US$12 billion and earnings per share of US$0.74, and this outlook has even surpassed the market's most optimistic revenue forecast of US$13.3 billion.

Boosted by this, after closing at $31.60 during the regular trading session in New York, the stock surged 10% in after-hours trading and 7.25% as of press time. Since this year, the cumulative increase in its stock price has reached 8%.

In the fourth fiscal quarter ending June 30, ultra-microcomputer revenue increased 93% year-on-year to US$11.1 billion, with earnings per share of 1.70 US dollars after excluding specific projects; analysts expected average revenue of 11.3 billion US dollars and earnings per share of 1.59 US dollars. The adjusted gross margin was 17.6%.

Ultramicrocomputers, headquartered in San Jose, California, are fully benefiting from the explosive demand for AI training and inference infrastructure. Its servers are equipped with Nvidia (NVDA.US) chips, which have become the main computing power of the vast majority of AI data centers. At the same time, the company continues to work to improve profit margins by increasing the proportion of high-profit products and controlling costs.

CEO Charles Liang said in a statement: “Combined with continued investment in technology leadership, manufacturing scale, and global compliance, we are helping customers deploy AI infrastructure faster and more efficiently.”

Last month, when the server manufacturer released its preliminary fourth fiscal quarter results, it soared 20% in a single day. At that time, its backlog of orders reached a record high due to the addition of more than 60 billion US dollars in new orders. The company also said that profit margins would be better than expected.

On Tuesday, Ultramicrocomputer further predicted that revenue for the new fiscal year beginning in July would reach 65 billion to 72 billion US dollars, while analysts' average expectations were only 54.4 billion US dollars.

Analyst Woo Jin Ho pointed out in the report that the annual outlook “reflects strengthened AI opportunities and improved sales execution, while normalized gross margin also improved slightly.”

In March of this year, the US prosecution charged Yih-Shyan, the co-founder of ultra-microcomputer, of illegally transferring multi-billion dollar servers equipped with Nvidia chips to China, suspected of violating US export control regulations. Ultramicrocomputer was not listed as a defendant, and the company said it was cooperating with the authorities in the investigation. In late June, the Taiwanese prosecution detained two company employees after raiding the ultra-small local office.