Super Micro Expects 3Q Earnings Well Below Initial Expectations -- Update
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The alert signal of the AI boom reappears! Super Micro Computer (SMCI.US) preliminary performance far below expectations, causing a post-market plunge that triggers an earthquake in the Industry.
After Post-Market Trading on Tuesday, Super Micro Computer's stock price plummeted, as the preliminary performance results announced were far below Analyst expectations, indicating that the company's business recovery plan is progressing slowly.
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The trade agreement is expected to boost US stocks, while Gold pulls back; the S&P has risen for six consecutive days, with Super Micro Computer and Snap experiencing significant declines after hours.
The S&P 500 has recorded its longest consecutive rise in three years; Tesla rose over 2%, while General Motors, which revoked its guidance, initially fell 4% but later reduced most of its losses; Meta has risen for six consecutive days; Super Micro Computer saw a sharp drop of 20% after hours, and Snap declined over 10% in after-hours trading. US Treasury yields have hit a three-week low. The USD has rebounded. The offshore Chinese renminbi once rose over 300 points, breaking above 7.26. Crude Oil Product fell 3% during the day.
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Super Micro Computer's performance forecast falls far short of expectations, plunging 20% in after-hours trading, dragging down NVIDIA and Dell.
Super Micro Computer's adjusted EPS preliminary data for the third quarter is between $0.29 and $0.31, significantly lower than the Analyst's expectation of $0.53. Revenue is estimated to be between $4.5 billion and $4.6 billion, with an expectation of $5.35 billion. Super Micro Computer stated that during the third quarter, due to delays in platform decisions by some customers, part of the sales have been pushed to the fourth quarter. Due to Super Micro Computer's performance drag, Dell's after-hours Trade dropped nearly 5%, HP Inc declined about 2%, and NVIDIA temporarily fell by 2.9%.
Super Micro Computer Shares Are Trading Lower After the Company Cut Its Q3 Guidance Below Estimates.
Super Micro Computer Lowers Q3 Adj EPS Guidance From $0.46-$0.62 to $0.29-$0.31 Vs $0.54 Est; Lowers Q3 Sales Guidance From $5.00B-$6.00B to $4.50B-$4.60B Vs $5.49B Est
Super Micro Computer | 8-K: Supermicro Provides Third Quarter Fiscal 2025 Business Update and Preliminary Financial Results
Super Micro Preliminary 3Q EPS 16c to 17c >SMCI