Super Micro Computer (NASDAQ:SMCI) reported its Q2 earnings results on Monday, January 29, 2024 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Super Micro Computer beat estimated earnings by 13.39%, reporting an EPS of $5.59 versus an estimate of $4.93.
Revenue was up $1.86 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.23 which was followed by a 2.53% drop in the share price the next day.
Here’s a look at Super Micro Computer’s past performance:
| Quarter | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|
| EPS Estimate | 3.20 | 2.57 | 1.71 | 3.03 |
| EPS Actual | 3.43 | 3.51 | 1.63 | 3.26 |
| Revenue Estimate | 2.06B | 1.90B | 1.39B | 1.78B |
| Revenue Actual | 2.12B | 2.19B | 1.28B | 1.80B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Super Micro Computer management provided guidance for Q2 2024, expecting earnings between $5.4 and $5.55 per share.
To track all earnings releases for Super Micro Computer visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
