Super Micro Computer (SMCI) Q4 Earnings Miss, Revenues Up Y/Y

Super Micro Computer (SMCI) reported fourth-quarter fiscal 2024 non-GAAP earnings of $6.25 per share, which surged 78.1% year over year. The figure missed the Zacks Consensus Estimate by 22.2%.Revenues surged 143% on a year-over-year basis to$ 5.31 billion. The top line surpassed the Zacks Consensus Estimate by 0.3%.Year-over-year revenue growth was driven by strong momentum across the Server and Storage Systems and Subsystems & Accessories businesses.Strength across Enterprise & Channel and OEM Appliance & ...