Equities Analysts Offer Predictions for SMCI Q2 Earnings

Key Points

• Northland Securities expects SMCI to earn $1.17 per share in Q2 2028, followed by estimates of $1.23 in Q3, $1.24 in Q4 and $4.80 for full-year 2028.
• Super Micro’s latest quarter delivered EPS of $1.70 versus the $0.92 consensus, while revenue rose 93.2% year over year to $11.12 billion but fell short of analysts’ $11.60 billion forecast.
• Analyst sentiment remains cautious, with 12 Hold, four Buy and two Sell ratings and an average price target of $42.13; SMCI shares opened at $36.58 after a reported 2.2% decline.

Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) - Research analysts at Northland Securities issued their Q2 2028 earnings per share (EPS) estimates for Super Micro Computer in a research note issued to investors on Wednesday, August 12th. Northland Securities analyst N. Chokshi expects that the company will earn $1.17 per share for the quarter. The consensus estimate for Super Micro Computer's current full-year earnings is $2.97 per share. Northland Securities also issued estimates for Super Micro Computer's Q3 2028 earnings at $1.23 EPS, Q4 2028 earnings at $1.24 EPS and FY2028 earnings at $4.80 EPS.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.78. Super Micro Computer had a return on equity of 27.83% and a net margin of 5.71%.The firm had revenue of $11.12 billion during the quarter, compared to analysts' expectations of $11.60 billion. During the same quarter last year, the business posted $0.31 earnings per share. The firm's revenue was up 93.2% on a year-over-year basis. Super Micro Computer has set its Q1 2027 guidance at 1.010-1.100 EPS.

SMCI has been the topic of several other research reports. Citigroup boosted their target price on shares of Super Micro Computer from $33.00 to $39.00 and gave the stock a "neutral" rating in a report on Wednesday, August 12th. Bank of America reaffirmed an "underperform" rating on shares of Super Micro Computer in a research note on Wednesday, August 12th. CJS Securities upgraded shares of Super Micro Computer from a "market underperform" rating to a "market perform" rating in a research note on Wednesday, May 6th. Wedbush lifted their target price on Super Micro Computer from $34.00 to $40.00 and gave the stock a "neutral" rating in a report on Wednesday, August 12th. Finally, Barclays set a $39.00 price target on Super Micro Computer and gave the company an "equal weight" rating in a research note on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $42.13.

Super Micro Computer Trading Down 2.2%

SMCI stock opened at $36.58 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.87 and a quick ratio of 2.07. Super Micro Computer has a 1-year low of $19.48 and a 1-year high of $58.78. The business has a 50 day simple moving average of $30.16 and a two-hundred day simple moving average of $30.73. The company has a market capitalization of $22.00 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.12 and a beta of 1.95.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Elyxium Wealth LLC bought a new position in Super Micro Computer in the 4th quarter valued at $26,000. Arax Advisory Partners bought a new stake in shares of Super Micro Computer during the fourth quarter worth $28,000. SHP Wealth Management purchased a new stake in shares of Super Micro Computer during the fourth quarter valued at $29,000. Concord Wealth Partners boosted its stake in shares of Super Micro Computer by 2,564.1% during the fourth quarter. Concord Wealth Partners now owns 1,039 shares of the company's stock valued at $30,000 after purchasing an additional 1,000 shares during the period. Finally, Advisors Asset Management Inc. bought a new position in shares of Super Micro Computer in the first quarter worth about $39,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer News Summary

Here are the key news stories impacting Super Micro Computer this week:

• Positive Sentiment: Super Micro reported record quarterly revenue of approximately $11.1 billion, up 93% year over year, while EPS of $1.70 significantly exceeded the $0.92 consensus estimate. Management also cited more than $60 billion in new orders, supporting its fiscal 2027 growth outlook. Super Micro Computer Q4 2026 Earnings Call Transcript
• Positive Sentiment: Early availability of AI systems, liquid-cooling capabilities and full-stack data-center solutions could help SMCI benefit from continued AI infrastructure spending and compete with Hewlett Packard Enterprise and Dell Technologies. Can Leading AI Chip Collaborations Help SMCI Challenge HPE & DELL?
• Positive Sentiment: Analysts and investors continue to highlight near-doubling sales, strong AI and data-center demand, broader enterprise and CPU-focused products, and management’s shift toward complete data-center building blocks. Super Micro’s Q2 Earnings Call: Our Top 5 Analyst Questions
• Neutral Sentiment: A filing-related report said Soros Fund Management made a targeted investment in several lesser-known AI infrastructure companies, adding to broader institutional interest in the sector, although the direct impact on SMCI is unclear. 5 AI Infrastructure Stocks Soros Just Bought
• Negative Sentiment: Quarterly revenue of $11.1 billion fell short of the roughly $11.6 billion analyst forecast, tempering the otherwise strong earnings beat and contributing to the recent pullback. What’s Behind the Super Micro Computer Stock Pullback Tuesday?
• Negative Sentiment: Compared with nVent Electric, SMCI is viewed as having a less predictable earnings outlook and weaker backlog visibility, despite trading at a lower valuation. This reinforces concerns about execution and intense competition in data-center infrastructure. NVT vs. SMCI: Which Data Center Infrastructure Stock is a Better Buy?
• Negative Sentiment: Legal and governance headwinds remain an overhang, even as the company’s rapid growth and comparatively low valuation attract bullish investors. Super Micro: Explosive Growth And Severe Valuation Discount Outweigh Legal Headwinds

About Super Micro Computer

Super Micro Computer, Inc (Supermicro) is a technology company that designs, develops and manufactures high-performance server, storage and networking solutions for enterprise, cloud, data center, high performance computing (HPC) and edge computing customers. The company's product portfolio includes rackmount and blade servers, storage subsystems, motherboards, chassis, power supplies and networking components, with an emphasis on high-density, energy-efficient configurations and platforms optimized for GPU-accelerated workloads and artificial intelligence applications.

Headquartered in San Jose, California, Supermicro combines in-house engineering with a global manufacturing and distribution footprint to deliver configurable, application-specific systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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