SMALL CAP SERVER Solutions Provider SUPER MICRO (NASDAQ:SMCI) to Announce Q1 Earnings
Super Micro's Q1 earnings are expected to be announced tomorrow afternoon, following a slower quarter with a significant miss of analysts' operating income estimates. The company missed analysts' revenue expectations by 3.5% last quarter, reporting revenues of $5.68 billion, up 54.9% year on year. This quarter, analysts are expecting Super Micro's revenue to grow 34.6% year on year to $5.18 billion, slowing from the 200% increase it recorded in the same quarter last year.
- The upcoming earnings report could mark a turning point for small-cap server solutions providers, which have been struggling to maintain momentum amid a downturn in the tech sector.
- How will Super Micro's Q1 earnings performance influence the broader outlook for enterprise software stocks, which are increasingly reliant on their own generative AI capabilities?