Overview

• IT solution provider Super Micro Computer Inc's 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

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 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: ID:nBw9lk6CYa

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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.)