The company's quarterly sales forecast significantly surpassed analyst projections, signaling that the artificial intelligence boom continues to fuel demand for its servers.

SUPER MICRO COMPUTER INC announced on Tuesday that revenue for the quarter ending in September is expected to range between $14.5 billion and $15.5 billion. On an adjusted basis, earnings per share are projected to be between $1.01 and $1.10. Analysts surveyed by Bloomberg had anticipated average revenue of $12 billion and earnings per share of $0.74. The company's guidance even exceeded the highest analyst estimate of $13.3 billion in revenue.

Based in San Jose, California, SUPER MICRO COMPUTER INC benefits from surging demand for equipment used to train and run AI tasks. The company's servers are equipped with NVIDIA chips, which have become the core hardware for the vast majority of AI data centers. SUPER MICRO COMPUTER INC is also enhancing profitability by selling higher-margin products and cutting costs.

After closing at $31.60 in New York, the company's shares rose about 9% in after-hours trading. The stock has gained a total of 8% so far this year.