Super Micro reported net sales of $19.95 billion in the first quarter of its fiscal 2027, up 298% year over year and $3.7 billion above market estimates. Diluted earnings per share reached $1.75 on a GAAP basis and $1.81 on a non-GAAP basis. The company raised its full-year revenue forecast to between $72 billion and $82 billion and guided to second-quarter revenue of $19.5 billion to $21.5 billion. However, one unnamed customer accounted for 44% of sales, while gross margin was 12.7%, making customer concentration and the conversion of demand into revenue the main risks to monitor.
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