Super Micro Q2 revenue beats estimates

Overview

• IT solutions provider's fiscal Q2 revenue rose, beating analyst expectations

• Adjusted EPS for fiscal Q2 beat analyst expectations

• Company expanding manufacturing for AI and enterprise deployments

Outlook

• Company expects Q3 net sales of at least $12.3 bln

• Super Micro projects full-year net sales of at least $40 bln

• Company anticipates Q3 GAAP EPS of at least $0.52 and non-GAAP EPS of at least $0.60

Result Drivers

• REVENUE GROWTH - Significant increase in net sales to $12.68 bln, more than double compared to Q2 last year

• EXPANDING MANUFACTURING - Co scaling operations to support large AI and enterprise deployments, leveraging global manufacturing footprint

• DCBBS SOLUTIONS - Co's Data Center Building Block Solutions enable faster, greener, and lower-cost scaling for customers

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 8 "hold" and 3 "sell" or "strong sell"

• The average consensus recommendation for the computer hardware peer group is "buy."

• Wall Street's median 12-month price target for Super Micro Computer Inc is $45.00, about 51.5% above its February 2 closing price of $29.71

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nBwbQTn18a

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