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With a market cap of $2.6 billion, Super Micro Computer, Inc. (SMCI) specializes in high-performance server and storage solutions. It designs and manufactures energy-efficient, application-optimized systems based on modular, open x86 architecture for data centers, cloud computing, AI, and 5G markets. The San Jose, California-based company is expected to release its fiscal Q1 earnings results on Wednesday, Nov. 6.
Ahead of this event, analysts project the AI server maker to report a profit of $0.51 per share, reflecting an increase of 82.1% from $0.28 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in two of the last four quarters while missing on two other occasions. In the most recent quarter, SMCI missed the consensus EPS estimate by 27.6%.