Super Micro Computer(US:SMCI) 智通财经网·2025-05-06 23:37Core Viewpoint - Super Micro Computer (SMCI) reported disappointing Q3 results for FY2025, with earnings per share of $0.31 and sales of $4.6 billion, falling short of market expectations [1][2] - The company anticipates Q4 sales between $5.6 billion and $6.4 billion, with earnings per share projected at $0.40 to $0.50, while analysts expected $6.59 billion in sales and $0.64 in earnings per share [1][2] Group 1 - The poor performance and forecasts have raised concerns among investors, attributed to customers delaying procurement plans [1] - CEO Charles Liang expressed confidence in achieving long-term goals despite short-term impacts from economic uncertainty and tariffs [1] - The gross margin for Q3 decreased by 220 basis points compared to the previous quarter, primarily due to increased inventory reserves from older products and costs associated with accelerating new product launches [1] Group 2 - Analysts suggest that some customers may delay purchases until Super Micro's products are equipped with NVIDIA's new Blackwell chips, with uncertainties related to tariffs and macroeconomic issues potentially impacting near-term demand [2] - Super Micro had previously been optimistic about long-term revenue, projecting sales of $40 billion for FY2026, nearly double the current fiscal year's expectations, driven by strong demand for AI servers [2] - The company faced risks of delisting due to late submission of its FY2024 annual report, with its auditor resigning over concerns about governance and transparency [2] Group 3 - Following the earnings report, Super Micro's stock fell by 5.7% in after-hours trading [3]