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SMCI Earnings

SMCI released earnings after market close yesterday and blew out estimates. This was a beat on revised earnings guidance that they provided last week.

These results are bringing all semiconductors up with them and you should expect a very active opening today as a result.

The Numbers

SMCI’s key earnings numbers are as follows:

• Revenues: Actual- $3.66B; Expected- $3.26B

• Earnings per Share: Actual - $5.59; Expected- $5.16

They also raised guidance for the upcoming quarter.

The Stock

SMCI stock rocketed after this announcement, reaching as high as $550 after hours. The stock closed +10.5% after hours.

This name will be very active off the open along with the rest of the semiconductor stocks such as AMD and NVDA.

For tips on how to trade these stocks and what to watch for, watch the clip below: