Get them here FREE<\/a>.<\/p>\n Cash Constraints and the Export-Control Cloud <\/p>\n
The balance sheet is where the story gets uncomfortable. Supermicro burned $6.6 billion in cash from operations in Q3 while total liabilities expanded to $15.88 billion (+264.22% YoY) and bank debt plus convertibles hit $8.8 billion. Cash on hand fell to $1.29 billion, down 49.12% YoY.<\/p>\n
Layered on top: results are preliminary and unaudited while an independent Board review of export-control matters continues. The company is cooperating with authorities and is not implicated at this time, but the overhang is real until the review closes.<\/p>\n
Numbers Tell the Story: Beat, Miss, and a Raised Bar <\/p>\n
Key Figures<\/p>\n
Non-GAAP EPS: $0.84 (vs. $0.6245 consensus); 34.51% beat<\/p>\n
Revenue: $10.24 billion (vs. $12.45 billion consensus); up 122.68% YoY<\/p>\n
GAAP Gross Margin: 9.9% (from 6.3% sequentially)<\/p>\n
Operating Income: $625.87 million, up 326.4% YoY<\/p>\n
Net Income: $483 million, up 344.38% YoY<\/p>\n
You should look at gross margin. Mix shifting toward DCBBS and rack-scale liquid-cooled systems is what made the EPS beat possible despite the top-line shortfall.<\/p>\n
Liang Leans Into the AI Buildout <\/p>\n
CEO Charles Liang said, “Supermicro’s transformation into a total datacenter infrastructure provider is accelerating. Our margin recovery and the rapid growth of our DCBBS business demonstrate that our business remains robust.” He pointed to new US manufacturing facilities in Silicon Valley as the bridge to meeting AI demand. The tone was confident, and CEO sentiment was scored positive.<\/p>\n
Can the Margin Trajectory Hold? <\/p>\n
Two things worth tracking: whether Q4 revenue lands in the upper half of the $11.0B to $12.5B guide, and whether cash from operations turns. Analyst consensus sits at $33.20, just above today’s price, with the rating split skewing cautious at 5 Buys, 9 Holds, and 4 Sells. The export-control review is the wildcard.<\/p>\n
The analyst who called NVIDIA in 2010 just named his top 10 AI stocks <\/p>\n
This analyst’s 2025 picks are up 106% on average. He just named his top 10 stocks to buy in 2026. Get them here FREE<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Quick Read Super Micro Computer (SMCI) beat EPS by 34.51% at $0.84 but missed revenue expectations at $10.24B,…\n","protected":false},"author":2,"featured_media":422962,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[345,343,344,44236,85,46,115365,27918,125],"class_list":["post-428758","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-gross-margin","tag-il","tag-israel","tag-operating-income","tag-super-micro-computer","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/428758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=428758"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/428758\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/422962"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=428758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=428758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=428758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}