Cardiff Oncology shares plunge after Q2 earnings miss
Investing.com -- Super Micro Computer, Inc. (NASDAQ:SMCI) reported third-quarter earnings that narrowly beat estimates but fell short on revenue and lowered its full-year outlook, sending shares down 5% in after-hours trading.
The data center solutions provider posted adjusted earnings per share of $0.31, edging past analyst expectations of $0.30. However, revenue came in at $4.6 billion, declining 19% from the previous quarter and in line with its lowered guidance of $4.5-$4.6 billion.
Super Micro Computer also reduced its fiscal year 2025 revenue guidance to a range of $21.8 billion to $22.6 billion, down from its previous forecast of $23.5 billion to $25.0 billion. The new outlook falls below the analyst consensus of $23.5 billion.
For the fourth quarter, the company projects revenue between $5.6 billion and $6.4 billion, below the $6.81 billion analysts were expecting. Adjusted EPS guidance of $0.40 to $0.50 also came in under the $0.64 consensus estimate.
CEO Charles Liang attributed the weaker performance to customer delays in platform decisions, stating, "We do expect many of those commitments to land in the June and September quarters, reinforcing my confidence in our ability to meet our long-term targets, however economic uncertainty and tariff impacts may have a short-term impact."
The company’s gross margin contracted to 9.6% from 15.5% YoY, while net income fell to $109 million from $402 million in the same quarter last year.
Despite the near-term challenges, Liang expressed optimism about the company’s positioning, saying, "We believe that we are well positioned in the long-term to capitalize on the growing market opportunity."