Super Micro Computer reports revenue miss despite surging AI-driven profits

Super Micro Computer reported second-quarter revenue of $11.12 billion, a 93.2% increase year-on-year, though the figure fell short of analyst estimates of approximately $11.55 billion to $11.60 billion.

Despite the revenue miss, the company significantly exceeded profitability expectations. Adjusted earnings per share (EPS) reached $1.70, far surpassing the $0.96 forecast. Adjusted EBITDA was reported at $1.61 billion, and operating margins expanded to 13.4%, up from 4% in the same quarter last year. Management attributed this growth to a healthier product mix and strong demand for AI and data center solutions.

Looking ahead, Super Micro provided optimistic guidance, setting third-quarter revenue at a midpoint of $15 billion, which is well above market expectations. The company also reported an order book exceeding $60 billion and projected fiscal 2027 revenue to fall between $65 billion and $72 billion. CEO Charles Liang noted that the company is shifting toward total data center building block solutions (DCBBS) to drive further margin improvement.