Description

Super Micro Computer shares experienced their steepest decline in months after the company released preliminary third-quarter fiscal 2025 results that came in well below Wall Street expectations. SMCI stock fell 14% to $30.96, marking its largest one-day drop since late February. The artificial intelligence server maker reported revenue between $4.5 billion and $4.6 billion and adjusted earnings per share of $0.29 to $0.31, significantly below analysts’ forecasts of $5.4 billion in revenue and $0.53 EPS. The miss was attributed to delayed customer platform decisions, particularly around the transition from Nvidia’s Hopper GPUs to the newer Blackwell series. This delay has temporarily slowed server deployments, as customers hold off on upgrades in anticipation of the newer chips. One major issue is the slower ramp-up of Nvidia GB200 and H20 chips and competitive pricing pressure from Dell as near-term headwinds.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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