TECH - Assessing Super Micro Computer Ahead of Q3 Earnings | Benzinga
Super Micro Computer (NASDAQ: SMCI) is scheduled to report its third-quarter fiscal 2024 results on Apr 30.
The company has been benefiting from its diverse business model, which encompasses Graphics Processing Units (GPU), AI, core computing, storage, 5G telco, edge and Internet of Things solutions. Its expanding pipeline of AI-backed software solutions continues to strengthen its foothold in the booming AI market in the to-be-reported quarter.
Strength in the Server & Storage Systems segment, owing to continuous AI integrations into its storage systems, is expected to have been the key growth driver of the company during the quarter under review.
Strong momentum across its H100-based systems and AI inferencing systems are likely to have boosted the performance of the Subsystems & Accessories segment in the third quarter.
The Zacks Consensus Estimate for third-quarter fiscal 2024 Subsystems and accessories revenues is pegged at $277.71 million, indicating a significant jump from the year-ago quarter's reported figure of $119.60 million.
The company's solid traction across top-tier data centers, emerging cloud service providers, enterprise/channel, and edge/IoT/telco customers, owing to its robust ...