Super Micro Computer released preliminary financial results for its second quarter of fiscal year 2025, projecting net sales between $5.6 billion and $5.7 billion, a 54% year-over-year increase at the midpoint. Non-GAAP diluted EPS is expected to be between $0.58 and $0.60, representing approximately 5% year-on-year growth. The company noted that AI-related platforms contributed over 70% of revenue for the quarter.
Despite the strong year-over-year growth, Super Micro revised its full fiscal year 2025 revenue guidance downward to a range of $23.5 billion to $25 billion, from a previous forecast of $26 billion to $30 billion. This adjustment was attributed to customer delays in platform decisions as they evaluated solutions between current and upcoming GPU generations. Gross margin for Q2 was approximately 11.9%, down from 13.1% in the prior quarter, due to product and customer mix and new product R&D investment.
Looking ahead, management expressed confidence in reaching $40 billion in revenue for fiscal year 2026, driven by continued AI demand and the ramp-up of new GPU platforms. The company also announced a private placement of $700 million in new 2.25% convertible senior notes due 2028 and amended its existing 2029 convertible notes to support rapid business growth and strategic initiatives like Datacenter Building Block Solutions. Additionally, the company reiterated confidence in filing its delayed financial reports by the February 25 deadline.
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