Financial Performance - Revenue for Fiscal Q4 2025 reached $5757 million, a 25% increase QoQ and an 8% increase YoY[28] - Non-GAAP gross margin for Fiscal Q4 2025 was 96%, a decrease of 10 bps QoQ and 70 bps YoY[28] - Non-GAAP earnings per share for Fiscal Q4 2025 were $041, up $010 QoQ but down $013 YoY[28] - Cash flow from operations was $864 million, up $237 million QoQ but down $1511 million YoY[28] Revenue Mix - Server and Storage Systems revenue was $5618 million, up 26% QoQ and 10% YoY[28] - Subsystems & Accessories revenue was $139 million, down 1% QoQ and 48% YoY[28] Future Outlook - The company projects revenue between $60 billion and $70 billion for FQ1 2026[30] - The company anticipates GAAP diluted net EPS between $030 and $042 and non-GAAP diluted net EPS between $040 and $052 for FQ1 2026[30] - The company expects at least $33 billion in revenue for FY26[30] Strategic Initiatives - The company is targeting ~30%+ of global new data center deployments to use DLC solutions in the next 12 months[10]

Core Insights - Super Micro Computer shares fell 15% in extended trading after disappointing fiscal fourth-quarter results and weak earnings guidance [1] - The company reported a 7.5% increase in revenue for the quarter ending June 30, 2023 [1] Financial Performance - For the current quarter, Super Micro expects adjusted earnings per share between $0.40 and $0.52, with revenue projected at $6 billion to $7 billion, while analysts anticipated $0.59 per share and $6.6 billion in revenue [2] - The company reported adjusted earnings per share of $0.41, which was below the expected $0.44, and revenue of $5.76 billion, also below the expected $5.89 billion [4] Future Outlook - For the fiscal year 2026, Super Micro anticipates at least $33 billion in revenue, exceeding the LSEG consensus of $29.94 billion [2] - Demand for Super Micro's data center servers, particularly those equipped with Nvidia technology for AI workloads, surged in 2023 but has since slowed [3] Market Performance - As of the latest close, Super Micro shares have increased approximately 88% in 2025, significantly outperforming the S&P 500 index, which gained 7% [3] - The company managed to avoid delisting from Nasdaq despite delays in quarterly financial filings and the departure of its auditor [3]

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Core Insights - Super Micro Computer, Inc. is set to release its fourth-quarter earnings results on August 5, with analysts expecting earnings of 44 cents per share, a decrease from 62 cents per share in the same quarter last year [1] - The company anticipates quarterly revenue of $5.91 billion, an increase from $5.31 billion year-over-year [1] Company Performance - The upcoming earnings results are viewed as a crucial indicator of Super Micro Computer's ability to adapt in a challenging environment for AI hardware suppliers [2] - The company's stock rose by 2.8%, closing at $58.23 on the preceding Monday [2] Analyst Ratings - Wedbush analyst Matt Bryson has a Neutral rating with a price target of $30 [7] - JP Morgan analyst Samik Chatterjee maintains a Neutral rating, raising the price target from $35 to $46 [7] - Citigroup analyst Asiya Merchant also holds a Neutral rating, increasing the price target from $37 to $52 [7] - B of A Securities analyst Ruplu Bhattacharya initiated coverage with an Underperform rating and a price target of $35 [7] - Mizuho analyst Vijay Rakesh maintains a Neutral rating, raising the price target from $40 to $47 [7]

Core Viewpoint - Super Micro Computer is expected to report its fourth-quarter fiscal year 2025 results, with analysts projecting revenue of approximately $6.13 billion and earnings of $0.75 per share, despite a bearish sentiment and downward revisions in price targets [1][2]. Group 1: Financial Performance Expectations - The anticipated revenue for the fourth quarter is around $6.13 billion, with earnings projected at $0.75 per share [1]. - The company had previously estimated revenue between $5.6 billion and $6.4 billion, with non-GAAP EPS expected in the range of $0.40 to $0.50 [1]. Group 2: Analyst Sentiment and Ratings - Sentiment has turned more bearish, with many analysts revising price targets downward; Super Micro has missed revenue expectations in five of the past eight quarters [2]. - Wedbush analyst Matt Bryson maintained a Neutral rating with a price target of $30, citing concerns over limited visibility and margin pressures [2]. - According to TipRanks data, the stock has a Hold consensus rating, with 5 Buy ratings, 7 Hold recommendations, and 2 Sell ratings [5]. Group 3: Market Dynamics and Opportunities - Spending from neocloud providers, AI model builders, and government-backed buyers is increasing, with more customers turning to OEMs like Super Micro for AI server needs [3]. - Bryson noted that Nvidia prioritizing GB200 shipments to OEMs could benefit Super Micro [3]. - Citi raised its price target to $52 from $37, highlighting the ramp-up of GB200/300 products and growing demand in sovereign and enterprise AI markets [4]. Group 4: Future Projections - Bryson believes Super Micro could eventually achieve $10 billion in quarterly sales, although demand visibility remains unclear due to reliance on related parties for key components [4]. - The average 12-month price target for SMCI stock is $42.85, indicating a potential decline of 24.35% from current levels, with targets ranging from $70.00 to $24.00 [8].

智通财经APP获悉，花旗将超微电脑(SMCI.US)的目标价从37美元上调至52美元，但维持"中性"评级不 变。花旗分析师表示，对人工智能(AI)服务器的需求正在改善。超微电脑管理层对在未来两个季度内完 成"当前的交付承诺"持乐观态度，因为Blackwell GPU 供应限制正在缓解。 据悉，超微电脑将于美东时间8月5日美股盘后发布2025财年第四季度业绩报告。根据TipRanks预测数 据，华尔街分析师预计该公司每股收益为0.45美元，同比下滑29%;但营收有望同比增长13%，达到59.8 亿美元。 尽管如此，由于戴尔科技(DELL.US)和慧与科技(HPE.US)的竞争，分析师仍然对超微电脑的利润率感到 担忧。 花旗预测，超微电脑2025财年第四季度营收将达到60.7亿美元，同比增长13.4%，环比增长32%;预计每 股收益为0.45美元，与市场普遍预期基本一致。 花旗还预计该公司2026财年第一季度营收将增长至70.2亿美元，每股收益将达到0.65美元，这两项数据 均高于市场预期。 ...

Group 1 - Xindong Company (02400) reported a positive earnings forecast, expecting revenue of at least RMB 3.05 billion for the first half of 2025, a year-on-year increase of approximately 37%, and a net profit of at least RMB 790 million, a year-on-year increase of about 215% [1] - Yimai Sunshine (02522) also announced a positive earnings forecast, expecting revenue between RMB 450 million to 480 million for the first half of the year, a year-on-year increase of approximately 8.77% to 16.03%, and a net profit of RMB 14.5 million to 16.5 million, a year-on-year increase of about 1350% to 1550% [1] - Tianli International Holdings (01773) plans to repurchase shares up to a total of HKD 200 million based on market conditions, believing that the share buyback plan is in the best interest of the company and its shareholders [2] Group 2 - Liaogang Co., Ltd. (02880) reported a total operating revenue of RMB 5.693 billion for the first half of 2025, a year-on-year increase of 5.93%, and a net profit attributable to shareholders of RMB 956 million, a year-on-year increase of 110.78% [2] - Yuan Zheng Technology (02488) reported a revenue of RMB 982 million for the first half of 2025, a year-on-year increase of 9.75%, and a net profit of RMB 195 million, a year-on-year increase of 27.74% [2] - Geekplus Technology (02590) expects revenue between RMB 995 million to 1.03 billion for the first half of the year, a year-on-year increase of 27% to 32%, while the net loss is expected to narrow significantly [3] Group 3 - Lee & Man Paper Manufacturing (02314) and other leading companies in the paper industry have initiated a price increase for various products starting August 1, indicating a significant acceleration in price adjustment frequency within the industry [3] - Xinda Biopharmaceutical (01801) announced that its innovative oral small molecule GLP-1R agonist IBI3032 has received IND approval from the FDA [4] - Heyu-B (02256) reported a revenue of RMB 612 million for the first half of the year, a year-on-year increase of 23.1%, and a net profit of RMB 328 million, a year-on-year increase of 58.84% [4] Group 4 - Bilibili (BILI.US) is expected to achieve a revenue growth of 20% year-on-year to RMB 7.3 billion in the second quarter, driven by stable performance in mobile games [5][6] - Li Auto (LI.US) launched the Li Xiang i8, with deliveries starting on August 20, and received positive outlooks from multiple institutions [6] - Xpeng Motors (XPEV.US) achieved a new monthly delivery record in July, delivering 36,717 smart electric vehicles, a year-on-year increase of 229% [7]

Core Viewpoint - Super Micro Computer (SMCI.US), an AI server manufacturer, is set to release its Q4 FY2025 earnings report on August 5, 2023, after market close, with expectations of a mixed performance in earnings and revenue [1] Financial Performance Expectations - Analysts predict a decline in earnings per share (EPS) to $0.45, representing a 29% year-over-year decrease [1] - Revenue is expected to increase by 13% year-over-year, reaching $5.98 billion [1] Analyst Ratings and Price Target - Citigroup analyst Asiya Merchant raised the target price for Super Micro Computer from $37 to $52 while maintaining a "Neutral" rating [1]

Core Viewpoint - Supermicro Computer (SMCI) is set to release its Q4 FY2025 earnings report, with analysts predicting a 29% year-over-year decline in EPS to $0.45, while revenue is expected to grow 13% to $5.98 billion [1] Financial Performance and Outlook - In the previous quarter, Supermicro reported revenue of $4.6 billion, a 19% year-over-year increase, but fell short of expectations by 2.84% due to delayed orders during the transition from Hopper to Blackwell GPUs [2] - Management indicated that these delayed demands will be fulfilled in Q4 and Q1 FY2026, alleviating profit margin pressures caused by inventory reserves [2] Positive Signals for Q4 - There is a surge in demand for liquid cooling solutions, supported by Supermicro's accelerated investment in Europe and industry dynamics [3] - The company is set to launch new products, including the B300/GB300 systems, and is expected to experience a shipping peak from Q4 to Q1 FY2026 [3] - Supermicro has secured a $20 billion multi-year agreement with Saudi DataVolt for AI infrastructure, enhancing its global footprint [3] Management Confidence vs. Market Expectations - CEO Charles Liang expressed confidence in achieving at least $6 billion in revenue for Q4, which is higher than current market expectations by 1.2% [4] Revenue Estimates - Analysts project revenue estimates for upcoming quarters, with Q4 FY2025 expected at $5.91 billion, Q1 FY2026 at $6.228 billion, and Q2 FY2026 at $7.27 billion, reflecting growth rates of 11.40%, 10.31%, and 28.03% respectively [5] Valuation Recovery Potential - Following a valuation compression at the end of 2024, Supermicro's current forward EV/EBITDA of 16 is below historical levels, with expectations for recovery to at least 25 by the end of 2025 [6] Target Price Projections - Based on optimistic EPS estimates for FY2026, target prices could reach $81.25, indicating a 30% upside potential from current levels [8] - Even with conservative estimates, a target price of $49.25 suggests that current Wall Street average target prices may be overly conservative [8] Divergent Wall Street Opinions - Citigroup analyst raised the target price for Supermicro from $37 to $52, maintaining a "neutral" rating, citing growth from AI server demand [9] - In contrast, Bank of America analyst initiated coverage with an "underperform" rating and a target price of $35, highlighting concerns over profit margin pressures and increased competition [9] - Overall, 14 Wall Street analysts have a consensus rating of "moderate buy" for Supermicro, with a mix of buy, hold, and sell recommendations [9]

Core Insights - Super Micro Computer (SMCI) is expected to report its fourth-quarter fiscal 2025 results on August 5, with a focus on its server and storage business driven by demand from hyperscalers, high-performance computing, and AI customers [1][2] Group 1: Business Performance - The Server and Storage Systems segment is a key driver of SMCI's financial strength, with increasing demand for GPU-optimized servers for AI workloads contributing significantly to its success [3] - SMCI's integration of Intel Gaudi, NVIDIA Blackwell Chips, and AMD processors is anticipated to attract more customers in high-performance computing, AI, and hyperscale markets [3][4] - The early availability of systems based on NVIDIA's new Blackwell GPU architecture, along with strong performance from Hopper-based systems, is expected to enhance the segment's momentum [4] Group 2: Market Trends - The expansion of SMCI's Datacenter Building Block Solutions is likely to have increased adoption among enterprises and hyperscalers, providing a comprehensive solution for servers, storage, networking, and cooling [4] - There is strong customer interest in both air-cooled and direct liquid cooling (DLC) rack-scale platforms, which are crucial for the next phase of AI data center expansion [5] - Leadership in DLC technology is a competitive advantage for SMCI, as data centers are increasingly adopting these solutions to meet energy efficiency and density requirements [5] Group 3: Financial Outlook - Despite strong demand, some customers are delaying orders for newer AI platforms like NVIDIA's Blackwell, which may negatively impact SMCI's order book for the upcoming quarter [6] - Margins are expected to remain under pressure due to factors such as customer mix, competitive pricing, and rising costs associated with DLC AI GPU cluster deployments [6][7] - However, strong top-line growth in the Server and Storage Systems business is anticipated to partially offset earnings challenges [7]