SMCI: Preliminary Results Disappoint
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Here’s our initial take on Super Micro’s preliminary results.Key Metrics
Metric
Q3 2024
Q3 2025
Change
vs. Expectations
Revenue
$3.85 billion
$4.5 billion to $4.6 billion
+18%
Missed
GAAP earnings per share
$0.66
$0.16 to $0.17
-75%
n/a
Non-GAAP earnings per share
$0.67
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