SMCI: Preliminary Results Disappoint

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$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 ...