data center server, recently released a solid third-quarter financial report, with stock price rising more than 10% in after-hours trading.
The quarter's earnings per share after excluding stock compensation and other costs were $1.55, with net income of $77 million and revenue of $1.36 billion, up from $895.8 million in the same period last year, and higher than the previous Wall Street analysts' previous earnings per share of $1.45, and revenue of $1.23 billion.
Supermicro shares rose nearly 11% during the extended trading period, and rose 2% earlier in the day.
Supermicro, Chairman and CEO of Supermicro, said this is the fourth consecutive quarter of Supermicro's revenue exceeding $1 billion.
He said: "The annualized revenue for the past four quarters was $4.6 billion, which makes me firmly believe that we far exceed our long-term goals. Strong growth and growth in EPS are a testament to the efficiency of our global operational leverage, and the value of our customers in key segments such as AI, enterprise, cloud, edge/telecommunications."
High-micro mainly sells energy-efficient and application-optimized rack servers and blade computer servers, as well as other hardware such as storage devices for enterprise data centers, with ultra-large data center operators and enterprises running their own local data centers.
Although hardware sales are crucial to Super Micro, investors may be more impressed by Super Micro's improvement of overall profitability, because this also reflects the company's gross profit margin. Ultramicro's gross profit margin was 15.5% in the quarter, up from 14% in the previous quarter and 13.7% in the same period last year.
Ultramicron's optimistic expectations for the next few months have also excited investors. Supermicro is confident about the outlook for the next quarter, saying it expects revenue to be between $1.4 billion and $1.48 billion, well above analysts' general expectations of $1.21 billion.
Ultramicro also raised its full-year forecast for fiscal 2022, with total annual revenue expected to be between US$4.96 billion and US$5.04 billion, higher than the previous estimate of US$4.2 billion to US$4.6 billion. Currently, analysts' expected full-year revenue is US$4.65 billion.
