What is Northland Securities' Estimate for SMCI Q2 Earnings?

Key Points

• Northland raised its Q2 2027 EPS estimate for Super Micro Computer to $1.76 from $1.31. It also forecasts FY2027 EPS of $6.26 and FY2028 EPS of $6.76.
• Super Micro’s latest reported quarter delivered $1.81 EPS, beating the $1.28 consensus, while revenue reached $19.95 billion—up 297.5% year over year.
• Analyst sentiment is mixed: MarketBeat reports an average “Hold” rating and a $41.29 consensus price target, based on four Buy, twelve Hold, and three Sell ratings.

Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) - Northland Securities upped their Q2 2027 EPS estimates for shares of Super Micro Computer in a research note issued to investors on Wednesday, November 4th. Northland Securities analyst N. Chokshi now expects that the company will post earnings per share of $1.76 for the quarter, up from their previous estimate of $1.31. The consensus estimate for Super Micro Computer's current full-year earnings is $4.52 per share. Northland Securities also issued estimates for Super Micro Computer's Q3 2027 earnings at $1.31 EPS, Q4 2027 earnings at $1.50 EPS, FY2027 earnings at $6.26 EPS, Q1 2028 earnings at $1.78 EPS, Q2 2028 earnings at $1.93 EPS, Q3 2028 earnings at $1.42 EPS and FY2028 earnings at $6.76 EPS.

Other research analysts have also recently issued research reports about the company. Oppenheimer upgraded Super Micro Computer to an "outperform" rating in a research report on Wednesday, November 4th. Mizuho boosted their target price on Super Micro Computer from $35.00 to $43.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 6th. The Goldman Sachs Group restated a "sell" rating and issued a $34.00 price target (up from $30.00) on shares of Super Micro Computer in a research note on Wednesday, August 12th. Citigroup reaffirmed a "neutral" rating and set a $45.00 price target (up from $39.00) on shares of Super Micro Computer in a report on Thursday, October 8th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Super Micro Computer in a research report on Monday, September 21st. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, Super Micro Computer currently has an average rating of "Hold" and a consensus target price of $41.29.

Super Micro Computer Price Performance

Shares of SMCI stock opened at $27.79 on Wednesday. The company has a quick ratio of 1.66, a current ratio of 3.02 and a debt-to-equity ratio of 0.56. Super Micro Computer has a twelve month low of $19.48 and a twelve month high of $51.40. The company has a market cap of $18.32 billion, a P/E ratio of 5.93, a P/E/G ratio of 0.41 and a beta of 2.17. The business has a fifty day simple moving average of $37.08 and a 200 day simple moving average of $32.62.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.28 by $0.53. Super Micro Computer had a net margin of 6.77% and a return on equity of 38.97%. The business had revenue of $19.95 billion during the quarter, compared to the consensus estimate of $16.29 billion. During the same period in the previous year, the business earned $0.35 earnings per share. The company's revenue was up 297.5% on a year-over-year basis.

Insider Activity at Super Micro Computer

In related news, Director Scott Angel acquired 1,715 shares of the firm's stock in a transaction that occurred on Friday, November 6th. The stock was acquired at an average cost of $29.12 per share, for a total transaction of $49,940.80. Following the completion of the acquisition, the director directly owned 8,770 shares of the company's stock, valued at approximately $255,382.40. This trade represents a 24.31% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Chiu-Chu Liang sold 100,000 shares of the firm's stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of $45.02, for a total value of $4,502,000.00. Following the transaction, the director directly owned 337,506 shares of the company's stock, valued at approximately $15,194,520.12. This represents a 22.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 400,000 shares of company stock worth $16,442,000 over the last three months. Company insiders own 16.10% of the company's stock.

Hedge Funds Weigh In On Super Micro Computer

A number of hedge funds have recently made changes to their positions in SMCI. Dimensional Fund Advisors LP raised its stake in Super Micro Computer by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,082,780 shares of the company's stock worth $92,872,000 after buying an additional 111,388 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Super Micro Computer by 1,770.4% during the second quarter. Assenagon Asset Management S.A. now owns 2,174,863 shares of the company's stock valued at $63,789,000 after acquiring an additional 2,058,588 shares during the last quarter. Swiss National Bank boosted its position in Super Micro Computer by 7.6% during the first quarter. Swiss National Bank now owns 1,576,800 shares of the company's stock valued at $35,904,000 after acquiring an additional 111,100 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Super Micro Computer by 1.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,158,768 shares of the company's stock worth $47,591,000 after acquiring an additional 19,942 shares during the period. Finally, Public Sector Pension Investment Board grew its holdings in Super Micro Computer by 513.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 618,712 shares of the company's stock worth $24,210,000 after acquiring an additional 517,783 shares during the period. 84.06% of the stock is currently owned by institutional investors.

More Super Micro Computer News

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

• Positive Sentiment: Super Micro raised its fiscal 2027 revenue forecast to $72 billion–$82 billion from $65 billion–$72 billion, with its CEO calling the new range conservative. The outlook points to continued demand for the company’s AI-server systems. Article: Super Micro CEO Calls Its Outlook Conservative
• Positive Sentiment: Director Scott Angel bought 1,715 shares for about $49,941, increasing his holdings by 24.31%—a modest but potentially confidence-boosting insider signal. Article: Super Micro Director Buys Shares
• Neutral Sentiment: Northland Securities raised its FY2027 EPS estimate to $6.26 from $5.38, but trimmed its FY2028 forecast to $6.76 from $6.85 and made mixed quarterly revisions. The estimates suggest stronger near-term expectations but a slightly lower view for FY2028.
• Negative Sentiment: Despite September-quarter revenue of nearly $19.9 billion, operating cash flow was negative $434 million as receivables and inventory grew. Investors may worry about working-capital demands and whether rapid sales growth is converting into cash. Article: Cash Drain Shadows Sales Growth
• Negative Sentiment: Pressure on NVIDIA shares spilled over to AI-server makers, adding sector-wide weakness for SMCI alongside its company-specific cash-flow concerns. Article: NVIDIA Weakness Weighs on AI-Server Stocks

About Super Micro Computer

Super Micro Computer, Inc. designs and sells server and storage systems, networking equipment, and related software and services. Its offerings include systems for data centers, cloud computing, enterprise applications, high-performance computing, artificial intelligence, and edge computing. The company emphasizes application-optimized solutions, including integrated rack-scale systems that combine computing, storage, networking, and management tools. It also provides system configuration, deployment, and support services.

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