Super Micro Computer Inc (NASDAQ:SMCI) shares are dropping on Tuesday. Investors are looking ahead to the company’s second‑quarter earnings report, which is set to be released today after the market close.
- Super Micro Computer stock is trending lower. What’s driving SMCI stock lower?
What To Expect
Super Micro is expected to report earnings of 46 cents per share on revenue of $10.38 billion. The estimates come in near the lower end of the company’s guidance from November, when it projected second‑quarter revenue between $10 billion and $11 billion and non‑GAAP earnings between 46 cents to 54 cents per share.
A Look Back At Last Quarter
Last quarter, the company reported net sales of $5.0 billion, down from $5.8 billion in …