Super Micro (SMCI) Q2 Earnings: What To Expect

Server solutions provider Super Micro (NASDAQ:SMCI) will be reporting earnings this Tuesday after the bell. Here’s what investors should know.

Super Micro missed analysts’ revenue expectations by 2.7% last quarter, reporting revenues of $4.6 billion, up 19.5% year on year. It was a slower quarter for the company, with a significant miss of analysts’ operating income estimates and a significant miss of analysts’ EPS guidance for next quarter estimates.

Is Super Micro a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Super Micro’s revenue to grow 12.1% year on year to $6.00 billion, slowing from the 145% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.44 per share.

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 4 downward revisions over the last 30 days (we track 10 analysts). Super Micro has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Super Micro’s peers in the it services & other tech segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Xerox posted flat year-on-year revenue, beating analysts’ expectations by 1.6%, and Applied Digital reported a revenue decline of 13%, in line with consensus estimates. Xerox traded down 24.7% following the results while Applied Digital was up 31.3%.

Read our full analysis of Xerox’s results here and Applied Digital’s results here.

Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the it services & other tech stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.4% on average over the last month. Super Micro is up 19.5% during the same time and is heading into earnings with an average analyst price target of $45.38 (compared to the current share price of $56.31).

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