GuruFocus News
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In This Article:
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Revenue: Projected to range between $5.6 billion and $5.7 billion for Q2 fiscal 2025, a 54% year-on-year increase.
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Non-GAAP Earnings Per Share (EPS): Estimated between $0.58 and $0.63, representing approximately a 5% year-on-year growth.
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Non-GAAP Gross Margin: Approximately 11.9%.
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Non-GAAP Operating Margin: Approximately 7.9%.
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GAAP Net Income: Estimated between $315 million and $325 million.
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Non-GAAP Net Income: Estimated between $375 million and $392 million.
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Cash Used in Operations: Approximately $240 million.
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Ending Cash Balance: Approximately $1.4 billion at the end of December.
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Convertible Senior Notes: $700 million in new 2.25% convertible senior notes due 2028 issued.
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Inventory: Approximately $3.6 billion, down from $4.9 billion last quarter.
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CapEx: $28 million.
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Cash Conversion Cycle: Increased to 104 days from 97 days in Q1.
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Fiscal Year 2025 Revenue Guidance: Updated to a range of $23.5 billion to $25 billion.
Release Date: February 11, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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Super Micro Computer Inc (NASDAQ:SMCI) reported a significant year-on-year revenue increase of 54% for Q2 fiscal 2025, driven by strong AI demand.
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The company is optimistic about its growth trajectory, with expectations of continued growth in new-generation platforms as supply ramps up.
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Super Micro Computer Inc (NASDAQ:SMCI) has announced a private placement of $700 million in convertible senior notes to support rapid business growth.
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The company is expanding its manufacturing capacity in the US, Taiwan, and Europe to meet increasing demand, particularly for liquid-cooled data center solutions.
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Super Micro Computer Inc (NASDAQ:SMCI) is a leader in liquid cooling technology, which is expected to be adopted by more than 30% of new data centers worldwide within the next 12 months.
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The delay in filing the company’s fiscal year 2024 10-K and 10-Qs has negatively impacted cash flow and market perception.
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Non-GAAP gross margin decreased to 11.9% from 13.1% last quarter, due to lower margins from product and customer mix.
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The company has lowered its fiscal year 2025 revenue guidance from a range of $26 billion to $30 billion to a new range of $23.5 billion to $25 billion.
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Super Micro Computer Inc (NASDAQ:SMCI) is facing temporary margin pressure due to new product R&D investments and customer and product mix.
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There are concerns about potential margin pressure through the Blackwell product cycle due to increased competition in the AI server market.