Super Micro Computer sharply raises revenue outlook. Why is Bank of America still worried about margins?
Super Micro Computer’s first-quarter revenue outlook for fiscal 2027 far exceeds its original guidance. Bank of America raised its full-year revenue forecast to 79.6 billion dollars and its price target to 38 dollars. However, a sequential decline in gross margin and continued cash tied up in working capital have led it to maintain its Underperform rating.
Bank of America ·