The earnings call reflected a mixed sentiment with strong year-over-year growth and strategic advancements in AI products and global operations. However, the challenges with quarterly revenue decline, decreased EPS, and lower gross margins, primarily due to inventory and platform transition issues, tempered the positive achievements.

Company Guidance

During the Super Micro Computer, Inc. Q3 2025 earnings call, the guidance provided highlighted several key metrics and future expectations. The company reported Q3 fiscal net revenue of $4.6 billion, marking a 19% year-over-year increase but a 19% decrease from the previous quarter, primarily due to delayed customer commitments amid technology transitions from Hopper to Blackwell GPUs. This delay impacted their non-GAAP EPS, which stood at $0.31, down from $0.66 the previous year, largely due to a one-time inventory write-down of older-generation GPUs. Looking ahead, Supermicro expects Q4 revenues between $5.6 billion and $6.4 billion, with a non-GAAP EPS forecast of $0.40 to $0.50. The company remains confident about its long-term growth trajectory, despite macroeconomic uncertainties, and anticipates that new innovations in AI infrastructure, such as their Datacenter Building Block Solutions (DCBBS) and the upcoming DLC-2 technology, will enhance their market position. They project fiscal year 2025 revenues to range from $21.8 billion to $22.6 billion, driven by strong demand for their new Blackwell platforms and DCBBS solutions.

Strong Revenue Growth Year-Over-Year

Fiscal Q3 2025 revenues were $4.6 billion, up 19% year-over-year.

Volume Shipments of New AI Products

Achieved volume shipments of air-cooled 10U and liquid-cooled 4U NVIDIA B200 HGX systems, AMD MI-325X solutions, and GB200 NVL72 racks.

Introduction of DCBBS

Launched Datacenter Building Block Solutions (DCBBS) featuring second-generation system liquid cooling technology, offering up to 30% lower TCO and reducing power consumption, space, and water usage.

Expansion of Global Operations

Expanded operations in Malaysia, Taiwan, and Europe, with new facilities in the Midwest U.S., aiming to meet rising demand and enhance quality and security.

Improved Cash Position

Closing Q3 balance sheet cash position was $2.54 billion, resulting in a net cash position of $44 million versus a negative net cash position of $479 million last quarter.

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Super Micro Computer (SMCI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SMCI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 12, 2025	2025 (Q4)	0.48 / -	0.625	―	―	―
May 06, 2025	2025 (Q3)	0.41 / 0.31	0.665	-53.38% (-0.36)
Feb 11, 2025	2025 (Q2)	0.58 / 0.51	0.559	-8.77% (-0.05)	―
Nov 05, 2024	2025 (Q1)	0.73 / 0.75	0.343	118.66% (+0.41)	―
Aug 06, 2024	2024 (Q4)	0.81 / 0.63	0.351	78.06% (+0.27)
Apr 30, 2024	2024 (Q3)	0.57 / 0.67	0.163	307.98% (+0.50)
Jan 29, 2024	2024 (Q2)	0.52 / 0.56	0.326	71.47% (+0.23)
Nov 01, 2023	2024 (Q1)	0.33 / 0.34	0.342	0.29% (<+0.01)
Aug 08, 2023	2023 (Q4)	0.29 / 0.35	0.262	33.97% (+0.09)
May 02, 2023	2023 (Q3)	0.17 / 0.16	0.155	5.16% (<+0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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SMCI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 06, 2025	$32.94	$32.48	-1.40%
Feb 11, 2025	$38.61	$39.68	+2.77%
Nov 05, 2024	$27.70	$22.70	-18.05%
Aug 06, 2024	$61.69	$49.27	-20.13%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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