Super Micro Computer Inc

Fiscal Q3 Performance: Supermicro reported net revenue of $4.6 billion for Q3, a 19% increase year-over-year but a 19% decrease quarter-over-quarter, primarily due to delays in customer commitments as they evaluate new GPU platforms (Hopper vs. Blackwell). Non-GAAP EPS was $0.31, down from $0.66 year-over-year, affected by a one-time inventory write-down of older GPUs.

Strong Q4 Guidance and Forecasts: The company anticipates Q4 revenues between $5.6 billion and $6.4 billion, projecting GAAP diluted EPS of $0.30 to $0.40 and non-GAAP diluted EPS of $0.40 to $0.50. Charles Liang expressed confidence in strong demand, particularly for the Blackwell product line and new Data Center Building Block Solutions (DCBBS) launching soon.

Market Challenges: Supermicro faces challenges due to macroeconomic uncertainties, tariff impacts, and a transition period between GPU platforms. The updated guidance anticipates a gross margin of approximately 10% in Q4, reflecting continued prudence amidst these challenges.