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Investors were pleasantly surprised on Tuesday by Super Micro’s Computer’s second-quarter earnings, as the maker of computer hardware topped Wall Street’s expectations and provided proof that some delayed orders from last year finally materialized.
Super Micro
SMCI, which produces computer hardware and infrastructure, reported revenue of $12.7 billion, which the company called a record and represents a 123% year-over-year increase. Adjusted earnings came out to 69 cents a share for the quarter. Analysts polled by FactSet were anticipating $10.4 billion in revenue and diluted earnings per share of 49 cents.
