Super Micro Computer: Q2 Earnings Insights

Super Micro Computer SMCI reported its Q2 earnings results on Monday, January 29, 2024 at 04:05 PM.

Here's what investors need to know about the announcement.

Super Micro Computer beat estimated earnings by 13.39%, reporting an EPS of $5.59 versus an estimate of $4.93.

Revenue was up $1.86 billion from the same period last year.

Last quarter the company beat on EPS by $0.23 which was followed by a 2.53% drop in the share price the next day.

Here's a look at Super Micro Computer's past performance:

Quarter	Q1 2024	Q4 2023	Q3 2023	Q2 2023
EPS Estimate	3.20	2.57	1.71	3.03
EPS Actual	3.43	3.51	1.63	3.26
Revenue Estimate	2.06B	1.90B	1.39B	1.78B
Revenue Actual	2.12B	2.19B	1.28B	1.80B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Super Micro Computer management provided guidance for Q2 2024, expecting earnings between $5.4 and $5.55 per share.

To track all earnings releases for Super Micro Computer visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Calendar