TradingKey – As of pre-market trading on October 21 ET, SMCI (SMCI) shares surged over 13% in pre-market trading following the release of its preliminary Q1 fiscal 2027 performance update, rising above $35 and poised to target the $40 mark.
Q1 Revenue Guidance Substantially Raised as AI Server Demand Exceeds Previous Expectations
According to SMCI’s latest estimate, revenue for the first quarter of fiscal 2027 ending September 30 will range between $18.5 billion and $19.5 billion, significantly higher than the company’s previous guidance of $14.5 billion to $15.5 billion. Based on the midpoint of $19 billion, the year-over-year growth is close to 280%. The company stated that the upward revision in revenue was mainly driven by increased…
