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1 day agoSupermicro co-founder charged with smuggling AI chips
Three individuals linked to Supermicro are charged with smuggling $2.5 billion in AI technology to China through Taiwan and Southeast Asia.
These orders, which pushed expected first-quarter revenue into the second quarter, finally showed up in the results. Adjusted earnings per share came in at $0.69, beating estimates of $0.49 by a wide margin. More importantly, management raised its full-year fiscal 2026 revenue target to at least $40 billion, up from the prior $33 billion target. Third-quarter guidance calls for revenue of at least $12.3 billion, also above consensus.