Super Micro Computer (NASDAQ: SMCI) is set to report its fourth quarter fiscal year 2025 results after the bell on Tuesday, August 5. Ahead of the release, the stock rose 2.81% on Monday to close at $58.23.
Analysts expect Super Micro to deliver around $6.13 billion in fourth-quarter revenue and report earnings of $0.75 per share. The company previously projected revenue between $5.6 billion and $6.4 billion, with non-GAAP EPS in the range of $0.40 to $0.50.
However, sentiment has grown more bearish ahead of the earnings call, with many price targets revised downward. Notably, Super Micro has missed revenue expectations in five of the past eight quarters.
Recent analyst updates and 12-month price target
On Monday, Wedbush analyst Matt Bryson kept his Neutral rating and $30 price target on Super Micro. He acknowledged the company’s strong position in the growing AI infrastructure space but raised concerns about limited visibility in the near term and ongoing pressure on margins.
Bryson said spending from neocloud providers, AI model builders, and government-backed buyers continues to climb, and more of these customers are turning to OEMs like Super Micro for their AI server needs. He also pointed out that Nvidia (NASDAQ: NVDA) prioritizing GB200 shipments to OEMs instead of directly to hyperscalers could give Super Micro a boost.
Looking ahead, Bryson believes Super Micro could eventually reach $10 billion in quarterly sales. However, he cautioned that it’s still hard to get a clear read on demand, partly because the company relies on related parties for key components.
On July 11, Citi raised its price target to $52 from $37 while maintaining a Neutral rating. The firm pointed to the ramp-up of GB200/300 products that began in May and growing demand in sovereign and enterprise AI markets.
According to TipRanks data from 14 analysts, the stock has a Hold consensus rating with 5 Buy ratings, 7 Hold recommendations, and 2 Sell ratings.
The average 12-month price target is $42.85, suggesting a 24.35% decline from current levels. Price targets range from $70.00 to $24.00.
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