Supermicro Cuts Q3 Revenue Guidance to $4.6B, Margins Drop
Supermicro has released preliminary financial results for Q3 fiscal 2025, showing significant deviation from prior guidance. The company expects net sales between $4.5B to $4.6B, down from the previous guidance of $5.0B to $6.0B.
Key highlights:
- GAAP earnings per share projected at $0.16 to $0.17, below prior guidance of $0.36 to $0.53
- Non-GAAP earnings per share estimated at $0.29 to $0.31, lower than previous $0.46 to $0.62
- Gross margin declined 220 basis points from Q2 due to higher inventory reserves and expedite costs
- Some customer platform decisions were delayed, shifting sales to Q4
- New generation product design wins remain strong
The company will host a conference call on May 6, 2025, at 5:00 p.m. ET to discuss these results. These preliminary results are subject to revision during financial closing procedures.
Supermicro ha pubblicato i risultati finanziari preliminari per il terzo trimestre fiscale 2025, evidenziando una significativa deviazione rispetto alle previsioni precedenti. L'azienda prevede vendite nette tra 4,5 e 4,6 miliardi di dollari, in calo rispetto alla precedente stima di 5,0-6,0 miliardi di dollari.
Punti chiave:
- Utile per azione GAAP previsto tra 0,16 e 0,17 dollari, inferiore alla precedente stima di 0,36-0,53 dollari
- Utile per azione non GAAP stimato tra 0,29 e 0,31 dollari, più basso rispetto ai precedenti 0,46-0,62 dollari
- Margine lordo diminuito di 220 punti base rispetto al secondo trimestre a causa di maggiori riserve di inventario e costi di accelerazione
- Alcune decisioni sulle piattaforme dei clienti sono state posticipate, spostando le vendite al quarto trimestre
- Le acquisizioni di design per prodotti di nuova generazione rimangono solide
L'azienda terrà una conference call il 6 maggio 2025 alle 17:00 ET per discutere questi risultati. Questi dati preliminari sono soggetti a revisioni durante le procedure di chiusura finanziaria.
Supermicro ha publicado resultados financieros preliminares para el tercer trimestre fiscal 2025, mostrando una desviación significativa respecto a las previsiones anteriores. La compañía espera ventas netas entre 4.5 y 4.6 mil millones de dólares, por debajo de la guía previa de 5.0 a 6.0 mil millones de dólares.
Puntos clave:
- Ganancias por acción GAAP proyectadas entre 0.16 y 0.17 dólares, por debajo de la guía previa de 0.36 a 0.53
- Ganancias por acción no GAAP estimadas entre 0.29 y 0.31 dólares, menores que los anteriores 0.46 a 0.62
- Margen bruto disminuyó 220 puntos básicos respecto al segundo trimestre debido a mayores reservas de inventario y costos de aceleración
- Algunas decisiones sobre plataformas de clientes se retrasaron, trasladando ventas al cuarto trimestre
- Las ganancias en diseño de productos de nueva generación siguen siendo fuertes
La compañía realizará una llamada conferencia el 6 de mayo de 2025 a las 5:00 p.m. ET para discutir estos resultados. Estos resultados preliminares están sujetos a revisión durante el cierre financiero.
Supermicro가 2025 회계연도 3분기 예비 재무 결과를 발표했으며, 이전 가이던스와 상당한 차이를 보였습니다. 회사는 순매출이 45억 달러에서 46억 달러 사이일 것으로 예상하며, 이전 가이던스인 50억 달러에서 60억 달러보다 낮습니다.
주요 내용:
- GAAP 주당순이익은 0.16달러에서 0.17달러로 예상되며, 이전 가이던스인 0.36달러에서 0.53달러보다 낮음
- 비GAAP 주당순이익은 0.29달러에서 0.31달러로 추정되며, 이전 0.46달러에서 0.62달러보다 낮음
- 재고 충당금 증가와 긴급 비용으로 인해 2분기 대비 총마진이 220 베이시스 포인트 하락
- 일부 고객 플랫폼 결정이 지연되어 매출이 4분기로 이동
- 신세대 제품 설계 수주는 여전히 강세
회사는 2025년 5월 6일 오후 5시(동부시간)에 이 결과를 논의하기 위한 컨퍼런스 콜을 진행할 예정입니다. 이 예비 결과는 재무 마감 절차 중 수정될 수 있습니다.
Supermicro a publié des résultats financiers préliminaires pour le troisième trimestre de l'exercice 2025, montrant un écart significatif par rapport aux prévisions précédentes. La société prévoit un chiffre d'affaires net compris entre 4,5 et 4,6 milliards de dollars, en baisse par rapport à la fourchette précédente de 5,0 à 6,0 milliards de dollars.
Points clés :
- Bénéfice par action GAAP prévu entre 0,16 et 0,17 $, inférieur à la fourchette précédente de 0,36 à 0,53 $
- Bénéfice par action non-GAAP estimé entre 0,29 et 0,31 $, inférieur aux 0,46 à 0,62 $ précédents
- La marge brute a diminué de 220 points de base par rapport au deuxième trimestre en raison de provisions plus élevées pour les stocks et de coûts d'accélération
- Certaines décisions sur les plateformes clients ont été retardées, reportant les ventes au quatrième trimestre
- Les succès dans la conception des produits de nouvelle génération restent solides
La société tiendra une conférence téléphonique le 6 mai 2025 à 17h00 ET pour discuter de ces résultats. Ces résultats préliminaires sont susceptibles d'être révisés lors des procédures de clôture financière.
Supermicro hat vorläufige Finanzergebnisse für das dritte Quartal des Geschäftsjahres 2025 veröffentlicht, die eine deutliche Abweichung von den bisherigen Prognosen zeigen. Das Unternehmen erwartet einen Nettoumsatz zwischen 4,5 und 4,6 Milliarden US-Dollar, was unter der vorherigen Prognose von 5,0 bis 6,0 Milliarden US-Dollar liegt.
Wichtige Punkte:
- GAAP-Gewinn je Aktie wird auf 0,16 bis 0,17 US-Dollar geschätzt, unter der vorherigen Prognose von 0,36 bis 0,53 US-Dollar
- Non-GAAP-Gewinn je Aktie wird auf 0,29 bis 0,31 US-Dollar geschätzt, niedriger als zuvor 0,46 bis 0,62 US-Dollar
- Die Bruttomarge sank im Vergleich zum zweiten Quartal um 220 Basispunkte aufgrund höherer Lagerbestandsrückstellungen und Eilkosten
- Einige Kundenplattform-Entscheidungen wurden verzögert, wodurch sich der Umsatz in das vierte Quartal verschiebt
- Design-Erfolge bei Produkten der neuen Generation bleiben stark
Das Unternehmen wird am 6. Mai 2025 um 17:00 Uhr ET eine Telefonkonferenz abhalten, um diese Ergebnisse zu besprechen. Diese vorläufigen Ergebnisse können während der Abschlussarbeiten noch angepasst werden.
- New generation product design wins are robust
- Strong revenue guidance of $4.5B-$4.6B despite miss
- Revenue guidance missed previous target of $5.0B-$6.0B
- Customer platform decisions delayed to Q4
- Gross margin declined 220 basis points from Q2
- Higher inventory reserves due to older generation products
- GAAP EPS guidance lowered to $0.16-$0.17 from $0.36-$0.53
- Non-GAAP EPS guidance lowered to $0.29-$0.31 from $0.46-$0.62
Insights
Supermicro's significant Q3 revenue and earnings miss raises concerns about execution despite management attributing shortfall to delayed customer decisions.
Supermicro's preliminary Q3 FY2025 results show a substantial shortfall against previous guidance. Revenue is expected at
The gross margin deterioration of
Management attributes the revenue miss to "delayed customer platform decisions" that pushed sales into Q4, suggesting timing issues rather than lost business. However, the magnitude of the shortfall raises questions about visibility into the sales pipeline and forecasting accuracy. While the press release mentions "robust" design wins for new generation products, this qualitative statement requires validation through actual future revenue performance.
The fundamental question is whether these challenges represent temporary execution issues or signal broader changes in AI infrastructure demand patterns. The May 6th earnings call will be crucial for management to rebuild credibility around their forecasting and provide concrete evidence that Q4 will indeed capture the delayed sales as suggested.
Supermicro Reports Preliminary Q3 Fiscal 2025 Results Below Previous Guidance
Super Micro Computer Inc. (Nasdaq: SMCI) announced preliminary financial results for its third quarter of fiscal year 2025 that fell short of the company's prior guidance. The IT solutions provider reported expected net sales of
According to the company's business update, Supermicro expects GAAP diluted net income per common share of
The company attributed the performance shortfall primarily to "delayed customer platform decisions" that shifted sales into the fourth quarter. Supermicro also reported that its GAAP and Non-GAAP gross margin for the third quarter was 220 basis points lower than the second quarter, which the company said was primarily due to "higher inventory reserves resulting from older generation products and expedite costs to enable time-to-market for new products."
Business Outlook
Despite the disappointing quarterly results, Supermicro characterized its new generation product design wins as "robust." The company did not provide updated guidance for the fourth quarter or full fiscal year in this preliminary announcement.
Supermicro emphasized that the financial information provided is preliminary, unaudited, and subject to revision during the company's financial closing procedures. Actual third quarter fiscal 2025 results "may differ materially from these preliminary unaudited financial results," the company cautioned.
The IT solutions provider plans to present a live audio webcast and conference call to review its complete third quarter fiscal year 2025 results on Tuesday, May 6, 2025, at 5:00 p.m. ET / 2:00 p.m. PT. The webcast will be accessible through the company's investor relations website and will remain available for one year.
For the reconciliation between GAAP and non-GAAP figures, Supermicro disclosed that the third quarter fiscal year 2025 calculations include stock-based compensation expense of approximately
This article is based solely on information provided in Super Micro Computer Inc.'s press release dated 29 April, 2025. The content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. Stock Titan and its writers make no representations as to the accuracy, completeness, or timeliness of the information. Investors should conduct their own due diligence before making any investment decisions.
Source: Supermicro
FAQ
What are Supermicro's (SMCI) Q3 2025 revenue expectations?
Why did Supermicro (SMCI) lower its Q3 2025 earnings guidance?
What is Supermicro's (SMCI) expected earnings per share for Q3 2025?
When will Supermicro (SMCI) release its full Q3 2025 earnings report?
How much stock-based compensation expense did Supermicro (SMCI) report for Q3 2025?
