SUPER MICRO COMPUTER INC forecast fourth-quarter revenue and adjusted profit above Wall Street estimates on Tuesday, banking on robust demand for its artificial intelligence servers, sending its shares up 17% in premarket trading on Wednesday.
The projections will likely reassure investors following the U.S. Justice Department in March charging three people linked to the company for helping smuggle billions of dollars of AI chips to China.
Novo-Nordisk A/S beat first-quarter profit forecasts and nudged up its full-year outlook on Wednesday, as sales of its new obesity pill came in stronger than expected, narrowing the gap with rival Eli Lilly.
Shares in the Danish drugmaker were up 7% in premarket trading on Wednesday.
Tempus AI reported its Q1 2026 earnings, revealing robust revenue growth but a significant earnings per share (EPS) miss. The company posted a revenue of $348.1 million, marking a 36.4% increase year-over-year. However, the EPS came in at -$0.71, far below the forecasted -$0.10, resulting in a negative surprise of 610%. Tempus AI’s stock fell 6% in premarket trading on Wednesday.
Lumentum stock rose 1% after it reported fiscal third quarter earnings that topped estimates, while revenue boomed but still came in slightly below Wall Street targets. The company's guidance for Lumentum stock beat expectations.
While Lumentum still sells fiber-optic devices to telecom companies, its new growth engine has been internet giants and cloud computing service providers. They're deploying clusters of artificial intelligence computer servers in data centers that require faster optical communications.
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