Super Micro crushes estimates for Q2, offers strong guidance
The AI server company just released its fiscal Q2 results.
Super Micro Computer just released its fiscal Q2 results:
Net sales of $12.7 billion (estimate: $10.43 billion, guidance for $10 billion to $11 billion).
Adjusted net income per share of $0.69 (estimate: $0.49, guidance for $0.46 to $0.54).
For the current quarter, management expects:
Net sales of “at least” $12.3 billion (estimate: $10.25 billion).
Adjusted net income per share of “at least” $0.60 (estimate: $0.52).
Shares spiked 7% in after-hours trading.
Three months ago, management’s guidance for better-than-expected sales in Q2 but lower-than-expected profits indicated strained profitability for the AI server company, disappointing investors.
The company attributed this to a substantial design award, which offered both below-average margins and would compress profitability during the initial ramp. Ahead of those results, management pre-announced a sales miss, saying it would be made up in this report.
CEO Charles Liang had indicated that a double-digit gross margin is still in Super Micro’s plans; it’s just going to “take a little bit longer.”
Calendar 2025 was a year of big promises and little follow-through from Super Micro. This year looks to be starting on a much more promising note.
