Overview

* IT solution provider Super Micro Computer Inc's ( SMCI ) fiscal Q1 net sales fall to $5 bln from $5.9 bln yr/yr

* Adjusted EPS for fiscal Q1 misses analyst expectations

* Company projects at least $36 bln in revenue for fiscal year 2026

Outlook

* Company expects Q2 net sales between $10.0 bln and $11.0 bln

* Super Micro sees FY 2026 net sales of at least $36 bln

* Company projects Q2 GAAP EPS of $0.37 to $0.45

Result Drivers

* ORDER BACKLOG - Co reports a rapidly expanding order book, including over $13 bln in Blackwell Ultra orders

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Miss $0.35 $0.40

Adjusted (18

EPS Analysts

)

Q1 EPS $0.26

Q1 Net $168 mln

Income

Q1 9.50%

Adjusted

Gross

Margin

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 10 "hold" and 3 "sell" or "strong sell"

* The average consensus recommendation for the computer hardware peer group is "buy."

* Wall Street's median 12-month price target for Super Micro Computer Inc ( SMCI ) is $48.00, about 5.7% below its November 3 closing price of $50.75

* The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)