Super Micro Computer Q2 Earnings Preview: Accounting Updates, Nasdaq Deadline On Watch

Super Micro Computer, Inc. SMCI shares are climbing on Monday ahead of the company's second-quarter business update scheduled after Tuesday's closing bell. Here's a look at what investors will be watching in the report.

What To Watch: Wall Street will be eager for updates on SMCI's ongoing accounting troubles ahead of the Feb. 25 deadline to file its financial statements or be delisted from the Nasdaq.

Investors will also be looking for communication from the company regarding improvements to its financial controls and transparency in order to reassure shareholders about its governance practices.

SMCI’s partnerships with NVIDIA Corp. NVDA and other major players are fueling optimism about its ability to recover from recent accounting troubles and shares are up more than 30% year-to-date.

Super Micro stock has a consensus price target of $467.47 based on the ratings of 17 analysts. However, there is a wide range among analysts with the high price target being $1300 issued by Rosenblatt in August 2024 and a low of $23 issued by JP Morgan in November 2024.

Loop Capital Markets analyst Ananda Baruah maintained a Buy rating on Super Micro and raised the price target from $35 to $40 heading into the company's second-quarter report. The analyst highlighted SMCI as an "important company in an important space," according to Business Insider.

Analysts expect Super Micro to report quarterly earnings of 75 cents on revenue of $6.13 billion, according to estimates from Benzinga Pro.

SMCI Price Action: According to data from Benzinga Pro, Super Micro Computer shares are up 9.9% at $39.90 at the time of publication Monday.

Read Next: