What's Going On With Super Micro Computer Stock Tuesday?

Super Micro Computer Inc SMCI shares are in the spotlight Tuesday ahead of earnings. Here’s what you need to know before the report.

What To Know: Super Micro is set to report financial results for its fiscal fourth quarter after the market close on Tuesday. Analysts are looking for earnings of $8.10 per share and quarterly revenue of $5.314 billion, according to estimates from Benzinga Pro.

Last quarter, Super Micro beat earnings estimates, turning in earnings per share of $6.65 versus estimates of $5.78, but the company missed revenue estimates of $3.952 billion, delivering quarterly revenue of $3.85 billion.

“This year-over-year revenue growth of 200% and year-over-year non-GAAP EPS growth of 308% was well above our industry peers. Strong demand for AI rack scale PnP solutions, along with our team’s ability to develop innovative DLC designs, enabled us to expand our market leadership in AI infrastructure,” Super Micro president and CEO Charles Liang said at the time.

Super Micro guided for fourth-quarter revenue of $5.1 billion to $5.5 billion and adjusted earnings of $7.62 to $8.42 per share. The company expects full-year revenue to be between $14.3 billion and $14.7 billion and full-year earnings to be between $23.29 and $24.09 per share.

Wedbush on Friday reiterated Super Micro with a Neutral rating and maintained a price target of $800. Here’s a look at other recent analyst changes leading up to earnings.

• Susquehanna analyst Mehdi Hosseini maintained Super Micro with a Negative rating and raised the price target from $285 to $325.

• Nomura analyst Donnie Teng downgraded Super Micro from Buy to Neutral and set a price target of $930.

• Goldman Sachs analyst Michael Ng maintained Super Micro with a Neutral and lowered the price target from $937 to $800.

• Rosenblatt analyst Hans Mosesmann maintained Super Micro with a Buy and a price target of $1,300.

SMCI Price Action: Super Micro shares are up approximately 112% year-to-date heading into the print. The stock was up 0.5% Tuesday morning, trading at $611.82 at the time of writing, per Benzinga Pro.

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