Super Micro Computer Inc reports results for the quarter ended June 30 - Earnings Summary

• Super Micro Computer Inc SMCI reported quarterly adjusted earnings of 41 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 63 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 44 cents per share. Wall Street expected results to range from 35 cents to 50 cents per share.

• Revenue rose 8.5% to $5.76 billion from a year ago; analysts expected $5.89 billion.

• Super Micro Computer Inc's reported EPS for the quarter was 31 cents​.

• The company reported quarterly net income of $195.15 million.

• Super Micro Computer Inc shares had risen by 18.8% this quarter and gained 91.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy," 9 "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 is $37.97, about 50.8% below its last closing price of $57.26

This summary was machine generated from LSEG data August 6 at 12:00 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)