NASDAQ$SMCI

Super Micro Computer, Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Super Micro Computer reported Q1 fiscal 2025 net sales of $5.94B with net income of $424.3M and diluted EPS of $0.67.

Net sales were $5.94 billion for the quarter ended September 30, 2024, up 180% year over year on AI server demand. Net income was $424.3 million ($0.67 diluted EPS) as gross margin expanded on higher volumes.

  • Q1 net sales $5.94B (+180% YoY).
  • Net income $424.3M; diluted EPS $0.67.
  • AI-optimized server and storage systems drove the topline surge.
  • Customer concentration and supply chain remain key swing factors.

Headline financials

Total Revenue

$5.94B

Previous: $2.12B+180.1%
EPS (adj)

$0.67

Previous: $0.34+95.3%
Adjusted EBITDA

$590M

No prior period
Adj. EBITDA % Sales

9.9%

No prior period
Gross Margin

13.1%

No prior period
Non-GAAP Gross Margin

13.1%

No prior period
Operating Expenses

$266M

No prior period
Non-GAAP OpEx

$206M

No prior period
Effective Tax Rate

15.0%

No prior period
Non-GAAP Tax Rate

16.1%

No prior period
Capital Expenditures

-$44.3M

Previous: -$2.63M-1583.8%
Free Cash Flow

$380M

Previous: $154M+146.2%
Net Income

$424M

Previous: $157M+170.3%
Operating Income

$509M

Previous: $173M+195.2%
Gross Profit

$776M

Previous: $354M+119.3%
Cash & Equivalents

$2.09B

Previous: $543M+284.6%
Total Assets

$10.9B

Previous: $4.1B+164.9%
R&D Expense

$132M

Previous: $111M+19.1%

Revenue & EPS history

Supermicro · Revenue · Quarterly

$5.94B

Q1 2025+180.1%vs Q1 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

Outlook tied to cloud, AI infrastructure, and enterprise software demand rather than explicit quarterly EPS targets.

Tailwinds

  • AI-related bookings and infrastructure investments support growth.
  • Subscription mix and cost actions may expand margins over time.

Headwinds

  • Competition and macro IT spending can affect deal timing.
  • Integration and R&D spend may pressure near-term profitability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+3.4%

Avg return

Earnings day

+3.9%

Avg return

5 days after

+13.6%

Avg return

30 days after

61%

39 / 64 earnings

Positive

+33.7%

Q3 2022

Best reaction

-24.7%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-0.5%+21.8%+49.3%
Q2 2026+13.8%+13.0%+5.5%
Q1 2026-1.7%-15.2%-26.8%
Q3 2025-1.2%+1.8%+26.1%
Q1 2025-3.5%+2.2%-13.7%
Q2 2025+2.8%+24.1%+9.2%
Q4 2024-19.1%-16.4%-31.9%
Q3 2024-17.1%-12.1%-7.0%
Q2 2024+8.2%+22.2%+72.2%
Q1 2024+2.7%+5.5%+12.6%
Q4 2023-24.7%-28.0%-24.3%
Q3 2023+27.5%+30.6%+119.8%
Q2 2023+10.5%+16.9%+36.4%
Q1 2023+16.1%+10.1%+30.1%
Q4 2022+4.3%+6.9%+6.4%
Q3 2022+33.7%+20.8%+30.9%
Q2 2022+8.1%-5.7%+3.9%
Q1 2022+14.2%+27.1%+16.9%
Q4 2021-0.3%-6.7%-6.2%
Q3 2021-2.7%-2.3%-2.3%
Q2 2021+4.8%+1.3%+3.4%
Q1 2021+23.5%+21.6%+29.0%
Q4 2020-13.9%-13.6%-15.8%
Q3 2020+15.5%+8.9%+29.9%
Q2 2020-6.4%-1.6%-14.3%
Q1 2020-3.2%-2.2%+18.1%
Q4 2019+9.8%+6.4%+27.6%
Q2 2018+9.8%+6.4%+27.6%
Q1 2019+9.8%+6.4%+27.6%
Q3 2019+9.8%+6.4%+27.6%
Q2 2019+9.8%+6.4%+27.6%
Q1 2018+9.8%-0.2%+2.6%
Q4 2018-2.5%-3.8%+2.0%
Q3 2018-0.8%-0.8%+7.7%
Q4 2017+0.4%-0.7%-0.7%
Q3 2017-1.2%-3.8%-1.6%
Q2 2017-6.3%-7.0%-5.1%
Q1 2017+9.9%+2.9%+21.2%
Q4 2016+4.9%+4.4%+7.8%
Q3 2016-6.3%
Q2 2016+9.2%
Q1 2016+12.2%
Q4 2015+4.9%
Q3 2015-14.0%
Q2 2015-2.8%
Q1 2015+13.4%
Q4 2014-7.5%
Q3 2014+2.1%
Q2 2014+27.8%
Q1 2014-4.9%
Q4 2013+11.0%
Q3 2013-2.5%
Q2 2013+21.4%
Q1 2013-12.8%
Q4 2010+0.8%
Q4 2012+0.0%
Q3 2011-2.4%
Q3 2012+5.2%
Q2 2011+0.6%
Q2 2012+1.8%
Q1 2011+0.6%
Q4 2011+0.6%
Q1 2012+0.6%
Q3 2010+5.3%

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