04:52 PM EDT, 04/30/2024 (MT Newswires) -- Super Micro Computer ( SMCI ) reported fiscal Q3 non-GAAP net income Tuesday of $6.65 per diluted share, up from $1.63 a year earlier.

Analysts polled by Capital IQ expected $5.57.

Net sales for the quarter ended March 31 rose to $3.85 billion from $1.28 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.90 billion.

For fiscal Q4, the company is projecting non-GAAP net income in a range of $7.62 to $8.42 per share on net sales of $5.1 billion to $5.5 billion. Analysts polled by Capital IQ expect $6.96 and $4.86 billion, respectively.

Super Micro Computer ( SMCI ) said it raised its fiscal 2024 revenue guidance to a new range of $14.7 billion to $15.1 billion from $14.3 billion to $14.7 billion previously. Analysts polled by Capital IQ expect $14.59 billion.

The company expects fiscal 2024 non-GAAP EPS of $23.29 to $24.09. Analysts surveyed by Capital IQ expect $21.85.

Shares of the company were down 5.3% in after-hours trading.

Price: 813.00, Change: -45.80, Percent Change: -5.33