Supermicro Posts $10.2 Billion Q3 Revenue as $7 Billion Equity Plan Triggers 28% Stock Slide
Updated
Updated · Barchart · Jun 17
Supermicro Posts $10.2 Billion Q3 Revenue as $7 Billion Equity Plan Triggers 28% Stock Slide
3 articles · Updated · Barchart · Jun 17
Summary
$10.2 billion in fiscal Q3 revenue more than doubled from a year earlier, while EPS of $0.84 beat estimates even though sales missed consensus by 17%.
CEO Charles Liang said the revenue shortfall reflected customer-site delays rather than weak AI demand, with revenue expected to shift into coming quarters; Q4 guidance of $11 billion to $12.5 billion and EPS of $0.65 to $0.79 topped consensus.
$7 billion in planned equity issuance to buy components for $39 billion of AI server orders has rattled investors, sending the stock down 28% in five days on dilution fears.
Those concerns are amplified by Supermicro's balance sheet — $9.1 billion of debt against $1.31 billion in cash — and lingering governance questions after its 2024 near-delisting episode.
Wall Street remains split: Goldman kept a Sell with a $30 target, Mizuho lifted its target to $44 with a Neutral rating, and the 20-analyst consensus is Hold.