Super Micro CEO Charles Liang spoke at the Humanx AI conference in Las Vegas on March 10, 2025.
Big Event Media | HumanX Conference | Getty Images
Super micro A week after the server manufacturer provided preliminary results for the latest quarter, disappointing guidance was released Tuesday. The stock fell about 4% in expansion trading.
Here is the company's report compared to the LSEG consensus:
Although the latest figures are below analyst estimates, they are consistent with the early results disclosed by Super Micro last week. The company said revenue in the third quarter would be between $4.5 billion and $4.6 billion, and earnings per share would be between 29 cents and 31 cents. The stock plummeted 12% after this release.
But Super Micro gave investors a first glimpse of the fourth quarter results on Tuesday, and those results were also lower than expected. Super Micro demands adjusted revenue per share of $5.6 billion to $6.4 billion, demanding a price of 40 cents to 50 cents. Analysts who voted for LSEG have been looking for adjusted 69 cents per share, with revenue of $6.82 billion.
The company said the macroeconomic environment could weigh performance after Donald Trump announced new tariffs on imported goods in early April.
In the third quarter, Super Micro saw “customers waited and evaluated the AI platform between the current hopper and the upcoming Blackwell GPU, resulting in a commitment to delay,” CEO Charles Liang said on a conference call with analysts. He said he expects the commitment to be realized in the June and September quarters.
Liang said the company did not provide guidance for fiscal 2026 due to uncertainties related to tariffs.
Super Micro's revenue rose 19% year-on-year in the quarter ending March 31. Net income of 17 cents per share was lower than 66 cents in the same quarter a year ago.
For Super Micro, this is a danger of the past year. Prior to this, the stock kept crying due to the company's position in the AI market Nvidia's Graphics processing unit.
In the summer, short seller Hindenberg Research published a report on the super microscopic claiming it has found evidence of "accounting manipulation." In October, Ernst & Young resigned as the company's auditor after concerns about internal controls on financial reports and other matters.
An independent special committee investigated but “had no significant concern about the integrity of the Super Micro-Senior Management or the Audit Committee or their commitment to ensuring the company’s financial statements.”
In February, Super Micro ended its fiscal 2024 annual report on June 30, helping to prevent the stock from being phased out on Nasdaq stock. A statement said the exchange staff had informed Super Micro that the company had re-complied with the application requirements.
As of Tuesday's closing ceremony, Super Micro has risen 9% so far in 2025, while the S&P 500 has fallen 4%.
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watch: Supermicrocomputer cuts full-year revenue guidance