With just one subscription to Beyond the Wall Investing , you can save thousands of dollars a year on equity research reports from banks. You'll keep your finger on the pulse and have access to the latest and highest-quality analysis of this type of information.Back in early March, I published my bullish upgrade on Super Micro Computer, Inc. (NASDAQ: SMCI ) stock (from "Hold" to "Buy"), expecting that SMCI should keep reversing massively in the span of the next few weeks as itsHe leads the investing group B ...

Financial Data and Key Metrics Changes - The company's Q3 net revenue was $4.6 billion, down 19% quarter over quarter but up 19% year over year [19][7] - Non-GAAP EPS for Q3 was $0.31, a decline from $0.66 in the previous year, primarily due to inventory write-downs [9][24] - Non-GAAP gross margin for Q3 was 9.7%, down 220 basis points from 11.9% in Q2, attributed to higher inventory reserves and lower volumes [22][23] Business Line Data and Key Metrics Changes - AI GPU platforms accounted for over 70% of revenues, with significant contributions from both enterprise and cloud service provider markets [19] - The enterprise channel vertical generated $1.9 billion, representing 42% of revenues, up from 25% in the previous quarter [20] - OEM appliance and large data center vertical revenues were $2.6 billion, down from 75% in the last quarter to 57% in Q3 [21] Market Data and Key Metrics Changes - The US represented 60% of Q3 revenues, with Asia at 30%, Europe at 6%, and the rest of the world at 4% [22] - Year-over-year, US revenues increased by 3%, while Asia saw a 77% increase [22] - China continued to represent less than 1% of sales in Q3 [22] Company Strategy and Development Direction - The company is focused on expanding its market share in IT and AI despite macroeconomic challenges [8] - Introduction of the DCBBS (Data Center Building Block Solutions) aims to streamline data center deployment and reduce costs [12][16] - The company is committed to enhancing its direct liquid cooling (DLC) technology, aiming to double the volume of AI racks shipped in the coming year [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting long-term growth targets despite near-term macroeconomic uncertainties [17] - Anticipated Q4 revenue is projected to be at least $6 billion, with a cautious outlook on gross margins around 10% [17][28] - The company expects to navigate financial challenges while strengthening its leadership in product and technology innovation [16] Other Important Information - The company raised $700 million in gross proceeds from a new convertible note to strengthen working capital and support R&D investments [26] - Q3 cash flow from operations was $627 million, a significant improvement from a cash flow usage of $240 million in the previous quarter [25] Q&A Session Summary Question: Customer order trends amid macroeconomic uncertainty - Management noted that while tariffs and macroeconomic concerns are present, they still see strong orders and anticipate a strong June quarter [34][35] Question: Changes in gross margin expectations - Management indicated that the cautious guidance on margins is due to tariff concerns and the transition from older technology platforms to newer ones [36][38] Question: Midterm demand outlook and revenue targets - Management remains confident in achieving the $40 billion revenue target for fiscal 2026, citing strong demand for new products [41][42] Question: Differences in demand between product lines - Management observed strong demand for both GB 200 MVL 72 and liquid cooling solutions, although some customers are delaying decisions [44][45] Question: Impact of tariffs on U.S. manufacturing - Management emphasized the advantages of U.S. domestic manufacturing in responding quickly to new technologies and mitigating tariff impacts [82][83] Question: Supplier allocations for new products - Management acknowledged ongoing allocation issues but noted improvements compared to previous periods [86] Question: Clarification on inventory reserves - Management explained that inventory reserves impacted margins significantly in Q3, but they expect a reduction in reserves for the upcoming quarters [72][74]

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Dell Technologies (DELL) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Dell Technologies curren ...

登录新浪财经APP 搜索【信披】查看更多考评等级 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 会议召开时间：2025年5月15日（星期四）15:00-16:30 ● 会议召开地点：上海证券交易所"上证路演中心"网站（网址：https://roadshow.sseinfo.com/） ● 会议召开方式：上证路演中心网络文字互动 ● 投资者可于2025年5月8日（星期四）至5月14日（星期三）16:00前登录"上证路演中心"网站首页点 击"提问预征集"栏目或通过公司邮箱IR@foundertech.com进行提问。公司将在说明会上对投资者普遍关 注的问题进行回答。 方正科技集团股份有限公司（以下简称"公司"）已于2025年3月29日发布公司2024年年度报告、于2025 年4月26日发布公司2025年第一季度报告。为便于广大投资者更全面深入地了解公司2024年度、2025年 一季度的经营成果、财务状况，公司计划于2025年5月15日（星期四） 15:00-16:30参加2025年上海辖区 上市公司年报集体业 ...

Super Micro Computer TodaySMCISuper Micro Computer$33.71 +0.98 (+2.99%) 52-Week Range$17.25▼$101.40P/E Ratio16.92Price Target$48.73Add to WatchlistShares of Super Micro Computer Inc. NASDAQ: SMCI have been on a roller coaster of a ride over the past 12 months, swinging by triple-digit percentage points due to company-specific speculation and industry-wide uncertainties impacting future expectations of the business fundamentals. Some of these uncertainties have been cleared, while others seem to still have ...

Group 1: AI Market Overview - The AI market was valued at $189 billion in 2023 and is expected to surpass $4 trillion by 2032 [1] Group 2: Company Profiles - Nvidia and Super Micro Computer are both positioned to benefit from rising AI demand, but they have different strategies [2][3] - Super Micro Computer specializes in selling custom servers designed for AI applications, while Nvidia supplies GPUs that are integral to these systems [4] Group 3: Financial Performance - Both companies are projected to achieve over 50% sales growth this year due to increased AI infrastructure spending [5] - Nvidia's gross margins are over six times higher than those of Super Micro Computer, and its price-to-earnings (P/E) ratio is more than double [5] Group 4: Competitive Position - Nvidia controls 70% to 95% of the AI GPU market, while Super Micro Computer holds only 8% of the AI server market, indicating Nvidia's stronger competitive position [8] - Nvidia's business model is harder to replicate compared to Super Micro Computer's, which is more susceptible to commoditization [7] Group 5: Future Outlook - Super Micro Computer's revenues are expected to grow with rising AI infrastructure investments, but its gross margins are not anticipated to expand significantly due to the commoditized nature of its business [9] - Nvidia is expected to maintain its industry-leading margins and is considered a fair investment at 25 times forward earnings, given its dominant market position and growth potential [9]

Core Viewpoint - Super Micro Computer (SMCI) has lowered its preliminary guidance for third-quarter revenue and adjusted EPS, leading to a significant decline in stock price and analysts revising their price targets [1][2]. Financial Guidance - The company now expects third-quarter revenue to be between $4.5 billion and $4.6 billion, a decrease from the previous guidance of $5 billion to $6 billion [1]. - Adjusted EPS is now projected to be between $0.29 and $0.30, down from the earlier guidance of $0.46 to $0.62 [2]. Margin Analysis - The adjusted gross margin for the third quarter is expected to be 220 basis points lower than that of the second quarter, primarily due to higher inventory reserves from older-generation products and expedited costs for new products [2]. - Margin issues related to Hopper-based products are anticipated to be short-lived, while the inventory write-down impact is expected to be temporary [4]. Analyst Insights - JP Morgan analyst Samik Chatterjee maintains a Neutral rating and has updated his model based on the new guidance, projecting third-quarter revenue of $4.55 billion and adjusted EPS of $0.30 [3][5]. - Chatterjee does not believe the revenue miss indicates an industry-wide demand slowdown but is more related to specific customer decisions [3]. Investor Sentiment - The outcome for the fiscal third quarter has raised concerns about the company's credibility with investors regarding guidance practices, leading to increased scrutiny on future revenue and margin forecasts [5].

Here's our initial take on Super Micro's preliminary results.Key MetricsMetricQ3 2024Q3 2025Changevs. ExpectationsRevenue$3.85 billion$4.5 billion to $4.6 billion+18%MissedGAAP earnings per share$0.66$0.16 to $0.17-75%n/aNon-GAAP earnings per share$0.67$0.29 to $0.31-55%MissedSales and Profits TumbleSuper Micro Computer (SMCI -16.94%) released preliminary results for the third quarter of fiscal 2025 on Tuesday afternoon, disclosing that it would fall well short of its previous guidance. The company now expe ...

OSS to deliver 80 best-in-class high performance servers and field-programmable gate array systems designed for a mobile intelligence platform Record $6.5 million contract reflects the Company’s multi-year growth strategy that is focused on establishing production platform positions ESCONDIDO, Calif., April 30, 2025 (GLOBE NEWSWIRE) -- One Stop Systems, Inc. (OSS or the Company) (Nasdaq: OSS), a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML) and sensor proc ...

Are Supermicro's preliminary results a warning for AI stock investors?In today's video, I discuss Super Micro Computer (SMCI -3.34%) and whether its preliminary results serve as a warning for artificial intelligence (AI) stock investors. To learn more, check out the short video, consider subscribing, and click the special offer link below.*Stock prices used were the after-market prices of April 29, 2025. The video was published on April 29, 2025. ...