Super Micro Computer Announces 10-for-1 Stock Split Amid Mixed Q4 Results
By Kristoff De Turck - reviewed by Aldwin Keppens
Last update: Aug 6, 2024
Super Micro Computer has announced a 10-for-1 stock split, aimed at making its shares more accessible to smaller investors interested in AI opportunities.
Despite this positive move, the company's Q4 earnings report delivered mixed results.
Key Points
Stock Split:
Existing shareholders will receive nine additional shares for each share they own. The split is intended to make the stock more affordable and attract small investors.
Stock Performance:
The stock has more than doubled since the beginning of the year, reaching $617.
Q4 Financial Results:
Revenue: Doubled to $5.31 billion, aligning with market expectations. Fell within the company's forecasted range of $5.1 billion to $5.5 billion.
Earnings Per Share (EPS):
Rose from $3.51 to $6.25. Fell short of analysts' expectations of $8.25.
Gross Margin:
Reported at 11.3%, below the expected 14%.
Future Projections:
Revenue:
Q1 forecast: $6 billion to $7 billion, surpassing analysts' expectations of $5.47 billion.
Annual forecast: $26 billion to $30 billion, above analysts' estimates of $23.6 billion.
EPS:
Q1 forecast: $6.7 to $8.3, below consensus estimates.
Conclusion
Super Micro Computer's announcement of a 10-for-1 stock split aims to make its shares more accessible, reflecting its strong position in the AI sector. However, mixed Q4 results, with revenue in line with expectations but earnings and margins falling short, led to a volatile stock reaction. The company's optimistic revenue projections for the upcoming quarters highlight its growth potential despite current profitability challenges.
Long Term Chart
40.02
-1.13 (-2.75%)
Find more stocks in the Stock Screener
SMCI Latest News and Analysis
7 hours ago - ChartmillWhich S&P500 stocks are the most active on Friday?Curious about the most active S&P500 stocks in today's session? Get insights into the stocks that are leading the way in terms of trading volume and market attention.
8 hours ago - ChartmillDiscover which S&P500 stocks are making waves on Friday.Wondering what's happening in today's session for the S&P500 index? Stay informed with the top movers within the S&P500 index on Friday.
10 hours ago - ChartmillFriday's session: gap up and gap down stock in the S&P500 indexWondering what's happening in today's session regarding gap up and gap down stocks? Explore the S&P500 index on Friday to uncover the stocks that are gapping in the S&P500 index.
a day ago - ChartmillThursday's session: most active stock in the S&P500 indexLooking for the most active S&P500 stocks in today's session? Join us as we dive into the US markets on Thursday and discover the stocks that are dominating the trading activity and setting the pace for the market.
2 days ago - ChartmillWondering what's happening in today's S&P500 pre-market session?The US market is yet to commence its session on Thursday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.
2 days ago - ChartmillTop S&P500 movers in Wednesday's after hours sessionLet's have a look at what is happening on the US markets after the closing bell on Wednesday. Below you can find the top S&P500 gainers and losers in today's after hours session.
2 days ago - ChartmillWhich S&P500 stocks are the most active on Wednesday?Explore the S&P500 index on Wednesday and find out which stocks are the most active in today's session. Stay updated with the stocks that are capturing market interest and driving market movements.
3 days ago - ChartmillThese S&P500 stocks are moving in today's sessionGet insights into the S&P500 index performance on Tuesday. Explore the top gainers and losers within the S&P500 index in today's session.
3 days ago - ChartmillStay informed about the most active stocks in the S&P500 index on Tuesday's session.Curious about the most active S&P500 stocks in today's session? Get insights into the stocks that are leading the way in terms of trading volume and market attention.
3 days ago - ChartmillExplore the top gainers and losers within the S&P500 index in today's session.Stay updated with the movement of S&P500 stocks in today's session. Discover which S&P500 stocks are making waves on Tuesday.
4 days ago - ChartmillThese S&P500 stocks are moving in today's pre-market sessionAs we await the opening of the US market on Tuesday, let's delve into the pre-market session and discover the S&P500 top gainers and losers shaping the early market sentiment.
7 days ago - ChartmillFriday's session: most active stock in the S&P500 indexLooking for the most active S&P500 stocks in today's session? Join us as we dive into the US markets on Friday and discover the stocks that are dominating the trading activity and setting the pace for the market.
