Super Micro Computer reports earnings beat and raises full-year guidance

Super Micro Computer beat analyst expectations in its first fiscal quarter, reporting revenue of nearly $20 billion. Analysts had expected around $17.5 billion. Earnings per share came in at $1.81, well above the $1.23 forecast. The company's profit margin also improved, rising to 12.8% from 9.5% a year earlier.

The company then raised its forecasts for the rest of the year. It expects full-year revenue of between $72 billion and $82 billion, higher than analysts had predicted. The CEO pointed to strong demand for AI servers as the main reason for the strong results.

After the announcement, the company's stock rose by around 8 to 9 percent. Super Micro had seen its share price fall sharply in the previous month.