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Dec 31, 2024

Supermicro Q2 2025 Earnings Report

Expected Revenue:$5.94B
+94.4% YoY
Expected EPS:$0.75
+36.4% YoY

Key Takeaways

Supermicro's Q2 2025 preliminary results show net sales between $5.6 billion and $5.7 billion, reflecting a 54% year-over-year growth. The company anticipates revenue between $23.5 billion and $25 billion for fiscal year 2025.

Net sales are expected to be in the range of $5.6 billion to $5.7 billion, a 54% year-over-year increase.

GAAP gross margin is projected to be between 11.8% and 11.9%.

GAAP diluted net income per common share is expected to be between $0.50 and $0.52.

Non-GAAP diluted net income per common share is anticipated to be between $0.58 and $0.60, a 5% year-over-year growth.

Total Revenue
$5.68B
Previous year: $3.66B
+54.9%
Gross Profit
$670M
Previous year: $564M
+18.7%
Cash and Equivalents
$1.4B
Previous year: $726M
+92.8%
Free Cash Flow
-$267M
Previous year: -$610M
-56.2%
Total Assets
$9.73B
Previous year: $5.41B
+80.0%

Supermicro

Supermicro

Forward Guidance

For the third quarter of fiscal year 2025, Supermicro expects net sales between $5.0 billion and $6.0 billion, GAAP net income per diluted share of $0.36 to $0.53, and non-GAAP net income per diluted share of $0.46 to $0.62.

Positive Outlook

  • Net sales are expected to be in the range of $5.0 billion to $6.0 billion.
  • GAAP net income per diluted share of $0.36 to $0.53 is expected.
  • Non-GAAP net income per diluted share of $0.46 to $0.62 is expected.
  • Assumes a tax rate of approximately 10.7% for GAAP.
  • Assumes a tax rate of approximately 12.7% for non-GAAP.

Challenges Ahead

  • Includes approximately $65 million in expected stock-based compensation expense and other expenses for GAAP.
  • Updating 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.
  • The final financial results reported for this period may also differ from the results reported in this release.
  • The Company is cooperating with document requests from the Department of Justice and the Securities and Exchange Commission.
  • Several securities litigation complaints and derivative suits were filed against the Company.