Shares in US data centre hardware outfit Super Micro Computer (SMCI:NASDAQ) have extended their remarkable gains over the last 12 months to 491% as the company flagged an exceptional second quarter performance (19 January).

Revenue for the three-month period to 31 December is expected to total between $3.6 billion and $3.65 billion, well in excess of previous guidance of $2.7 billion to $2.9 billion and ahead of the analyst consensus of $3.06 billion.

Adjusted earnings are pegged at $5.40 to $5.55 per share, up from the $4.40 to $4.48 per share which had previously been penciled in.

Super Micro makes and sells hardware behind servers for websites, data storage and AI (artificial intelligence). Its offering of liquid cooling solutions for data centres is seen as particularly important given the amount of power consumed and the heat generated when running AI applications.

Super Micro’s fortunes are therefore closely tied to those of its partner Nvidia (NVDA:NASDAQ), which makes the chips used to power AI.

Investors will be looking for more colour on the outlook and detail on what is driving earnings when the second-quarter numbers are reported in full around the end of this month.

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