Overview

• Super Micro reported fiscal Q3 revenue of $4.6 billion, falling short of the $5.42 billion expected by analysts, with adjusted EPS of $0.31 versus $0.50 forecasted.
• The company projected Q4 revenue between $5.6 billion and $6.4 billion, below the $6.82 billion consensus estimate, and cut its fiscal 2025 revenue guidance to $21.8–$22.6 billion from $23.5–$25 billion.
• Management attributed the revenue shortfalls to new tariffs, macroeconomic uncertainty, and delayed customer orders tied to the transition to Nvidia’s next-generation Blackwell GPUs.
• Super Micro’s stock fell over 5% in after-hours trading, reflecting investor concerns about demand volatility, competitive pressures, and the company's governance history.
• CEO Charles Liang expressed optimism that deferred orders will boost revenue in the June–September quarters, highlighting strong positioning in AI infrastructure and liquid-cooled technologies.