markets

Luke Kawa8/5/25

Super Micro craters after earnings and revenues miss

Super Micro Computer is down double digits after posting fiscal fourth-quarter results that missed on the top and bottom lines.

For the three months ending June 30, the AI server company reported:

Adjusted diluted earnings per share of $0.41 (estimated $0.44, guidance for $0.40 to $0.50).
Net sales of $5.76 billion (estimated $6 billion, guidance for $5.6 billion to $6.4 billion).

Super Micro had been warning that it would take time for Nvidia’s Blackwell ramp to pay dividends for the company, and it looks like the payoff will have to wait a little longer.

Management said first-quarter net sales would come in between $6 billion and $7 billion, which fits neatly with the Street’s view, but that adjusted earnings per share would range from $0.40 to $0.52, well below the $0.59 consensus estimate.

And so begins a massive fiscal year for Super Micro, as CEO Charles Liang had previously outlined a massive $40 billion revenue target for the 12 months ending June 2026, which is now lowered to at least $33 billion. That’s still higher than the $30 billion analysts had anticipated.

Prior to Friday’s sell-off, Super Micro had been at its 2025 highs in what’s been a tumultuous year so far. The stock doubled in February as management filed the necessary paperwork to stay listed on the Nasdaq on the heels of its accounting issues last year.

The stock’s price was then cut in half during the ensuing rout in momentum stocks and tariff-driven angst that brought the S&P 500 to the verge of a bear market in April.

Shares rebounded as President Donald Trump watered down and paused tariffs, with Super Micro’s $20 billion deal with a Saudi Arabian data center firm and a renewed AI boom powering the stock higher once again.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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