Companies /Technology

Super Micro Computer Inc

NASDAQ: SMCI Computer Hardware
$39.09
▼ $1.26 (−3.12%) today
Markets closed · 10:06pm ET

Q4 2025 Earnings

Reported Aug 5, 2025, 4:08pm ET · SEC source
$0.41
Miss −6.58%
EPS · est. $0.44
$5.8B
Miss −2.64%
Revenue · est. $5.9B
−17.0%
Trailing market
SMCI vs S&P since report
3 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−8%0+8%Aug 5Aug 6report 4:08pm ETearnings+0.8%−9.8%
−8%0+8%Aug 5Aug 6earnings+0.8%−9.8%
SMCI −9.8%S&P 500 +0.8%
−8%0+8%Aug 5Aug 6report 4:08pm ETearnings+1.3%−9.8%
−8%0+8%Aug 5Aug 6earnings+1.3%−9.8%
SMCI −9.8%NASDAQ +1.3%
−9%0+9%+18%Aug 4Aug 13report 4:08pm ETearnings+2.7%−7.3%
−9%0+9%+18%Aug 4Aug 13earnings+2.7%−7.3%
SMCI −7.3%S&P 500 +2.7%
−9%0+9%+18%Aug 4Aug 13report 4:08pm ETearnings+3.7%−7.3%
−9%0+9%+18%Aug 4Aug 13earnings+3.7%−7.3%
SMCI −7.3%NASDAQ +3.7%
−18.29%
Day of report
−0.26%
Next session
−1.54%
One week
−14.43%
30 days

S&P 500 over the same 30 days: +2.54%.

Did SMCI Beat Earnings? Q4 2025 Results

Super Micro Computer delivered a mixed fiscal fourth quarter, with both revenue and adjusted earnings falling short of Wall Street expectations and sending shares sharply lower. The server and AI infrastructure maker posted revenue of $5.76 billion for the three months ended June 30, 2025, up from $5.35 billion a year ago, while non-GAAP diluted EPS came in at $0.41, compared to $0.54 in the prior-year period. The shortfall traced largely to continued margin compression, as GAAP gross margin slipped to 9.5% from 10.2%, reflecting the pricing dynamics of serving hyperscale and neocloud customers with GPU-heavy configurations that carry lower margin profiles. For the full fiscal year, revenue climbed 47% to $21.97 billion, though profitability lagged that growth. Adding further pressure, the company reduced its fiscal 2026 revenue target to at least $33.00 billion from a prior forecast of $40.00 billion, a retreat that rattled investors; for Q1 FY26, Supermicro guided revenue of $6.00 billion to $7.00 billion, with non-GAAP EPS of $0.40 to $0.52.

Key Takeaways
  • 47% annual revenue growth driven by AI solution demand
  • Growing customer base across Neoclouds, CSPs, Enterprises, and Sovereign entities
  • Significant operating cash flow improvement from negative $2.5 billion in FY24 to positive $1.7 billion in FY25

“We made solid progress in FY25 by growing our AI solution leadership in Neoclouds, CSPs, Enterprises, and Sovereign entities, which fueled our 47% annual growth.”

Super Micro Computer CEO, on the earnings call

Forward Guidance & Outlook

For Q1 FY2026 (ending September 30, 2025), Supermicro expects net sales of $6.0 billion to $7.0 billion, GAAP diluted EPS of $0.30 to $0.42, and non-GAAP diluted EPS of $0.40 to $0.52, assuming tax rates of approximately 13.0% (GAAP) and 15.5% (non-GAAP) and diluted share counts of 631 million (GAAP) and 644 million (non-GAAP). For full fiscal year 2026, the company expects net sales of at least $33.0 billion. The company expects to grow large-scale datacenter customers from four in FY25 to six to eight in FY26, with additional customer commitments expected in Q2 and Q3 FY26.

SMCI YoY Financials

Revenue$5.8B
Gross Profit$544.1M
Operating Income$228.4M
Net Income$195.2M

Figures from SEC filings and company reports. Not investment advice.