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Dec 31, 2024
Supermicro Q2 2025 Earnings Report
Supermicro announced preliminary financial information for its second quarter of fiscal year 2025.
Key Takeaways
Supermicro reported strong preliminary financial results for Q2 FY25, with net sales between $5.6 billion and $5.7 billion, reflecting 54% year-over-year growth. GAAP diluted EPS was flat year-over-year, while non-GAAP diluted EPS grew by 5%.
Net sales reached $5.6 billion to $5.7 billion, demonstrating 54% year-over-year growth.
GAAP diluted net income per common share remained flat year-over-year at $0.50 to $0.52.
Non-GAAP diluted net income per common share increased by 5% year-over-year to $0.58 to $0.60.
The company ended the quarter with approximately $1.4 billion in cash and cash equivalents and $1.9 billion in total debt.
Supermicro
Supermicro
Forward Guidance
For fiscal year 2025, Supermicro updated its revenue guidance to a range of $23.5 billion to $25 billion. For Q3 FY25, the company expects net sales between $5.0 billion and $6.0 billion, GAAP diluted EPS of $0.36 to $0.53, and non-GAAP diluted EPS of $0.46 to $0.62.
Positive Outlook
- Strong positioning for AI infrastructure design wins with leading direct-liquid cooling (DLC) technology.
- Anticipated expansion of leadership as a premier US-based data center infrastructure solution provider.
- Technology transition sets a strong foundation for future growth, targeting $40 billion revenue in FY26.
- Expects continued growth in net sales for Q3 FY25, ranging from $5.0 billion to $6.0 billion.
- Projected non-GAAP diluted EPS for Q3 FY25 is $0.46 to $0.62.
Challenges Ahead
- Updated fiscal year 2025 revenue guidance downwards from $26-$30 billion to $23.5-$25 billion.
- GAAP diluted net income per common share for Q3 FY25 is projected lower than non-GAAP, at $0.36 to $0.53.
- The company received subpoenas from the Department of Justice and SEC following a short seller report.
- Several securities litigation complaints and derivative suits were filed against the company.
- Preliminary financial information is subject to change and may differ from final audited results.