Super Micro Computer shares climbed more than 8% after the data center infrastructure company issued stronger-than-expected guidance for its first quarter earnings and revenue, while also surpassing Wall Street expectations for the fourth quarter.
The company expects adjusted earnings of between $1.01 and $1.10 per share, significantly above the LSEG consensus estimate of 76 cents. Revenue guidance was projected between $14.5 billion and $15.5 billion, exceeding analyst expectations of $11.68 billion.
AI infrastructure stocks gain momentum
CoreWeave, an artificial intelligence cloud infrastructure provider, saw its shares rise 14% after reporting stronger-than-expected second quarter results. The company posted an adjusted operating income margin of 5%, compared with the StreetAccount consensus estimate of 2.7%.
CoreWeave reported $2.58 billion in revenue for the quarter, representing a 112% increase compared with the same period last year. The figure also surpassed analyst expectations of $2.56 billion, according to LSEG data.
Lumentum Holdings shares were slightly lower despite the optical and photonic products manufacturer reporting fourth quarter adjusted earnings and revenue above expectations. The company, considered a beneficiary of artificial intelligence infrastructure growth, has declined more than 22% over the past three months but remains up more than 120% year to date.
Companies report stronger outlooks
H&R Block shares surged 15% after the tax preparation company provided an optimistic outlook for fiscal 2027. The company expects adjusted earnings between $6.04 and $6.24 per share and revenue between $4.11 billion and $4.16 billion.
The forecast compares with analyst expectations of $5.86 per share in earnings and $4.05 billion in revenue, according to LSEG consensus estimates.
Cava Group, the Mediterranean fast-casual restaurant chain, saw shares rise nearly 7% after reporting second quarter earnings of 19 cents per share, slightly above the expected 18 cents.
The company generated $368.4 million in revenue, exceeding analyst expectations of $361 million, as investors responded positively to its latest financial performance.
