Overview

• President Trump’s July 29 decision to freeze export restrictions to China drove a 10.24% rally in SMCI shares to $60.05.
• SMCI’s stock has nearly doubled year-to-date on robust global investments in AI-focused server systems.
• Wall Street analysts project fourth-quarter EPS of $0.44 and revenue of $5.88 billion when SMCI reports after market close on August 5.
• New high-memory X14 servers and liquid-cooled GPU systems using AMD Instinct MI350s are expected to boost Q4 sales even as margin pressures persist.
• SMCI’s gross margin slid to 9.6% in Q3 FY 2025 from 15.5% a year earlier, underscoring tariff impacts despite a $36 billion market valuation.