Super Micro Computer, Inc. shares rose 13% Monday afternoon after Super Micro Computer, Inc. announced preliminary financial information for Q3, which exceeded its previous guidance. This was in line with the Street consensus.

The company increased its estimates due to the high growth of customer demand and total IT solutions value. It now expects Net Sales to range from $1.3-$1.35 Billion to $1.3 billion, compared with the $1.1-$1.2Billion and Street estimate of $1.14 Billion.

It expects that Q3 non-GAAP, diluted EPS will be between $1.40 and $1.50 (vs. $0.70-$0.90 in the prior), as opposed to $0.80 on Street.

By Davit Kirakosyan