Supermicro's shares surged by 9% after CEO Charles Liang projected annual revenue to exceed $40 billion by fiscal year 2026, driven by the growing adoption of their direct-liquid cooling technology. This optimistic forecast came as Wall Street analysts were anticipating only $29.18 billion in revenue. Despite presenting preliminary financial results for the second quarter of fiscal 2025, concerns lingered over an ongoing accounting scandal after the company parted ways with Ernst & Young. Their second-quarter earnings projections slightly missed market expectations, indicating challenges ahead.
He explained that the increasing adoption of Supermicro's direct-liquid cooling technology in data centers is helping the company grow its annual revenue to at least $40 billion by fiscal year 2026.
Liang said the $40 billion is a conservative estimate because it is based on current demand, order backlog, and existing sales commitments, suggesting the final figure could be even higher.
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