Super Micro Computer Inc. (NASDAQ:SMCI) reported a challenging fourth quarter for fiscal year 2025, with management attributing a decline in earnings per share primarily to the impact of tariffs imposed by President Donald Trump.
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What Happened: Despite the weak financial results, the company is strategically mitigating future risk by leveraging its diversified global supply chain, a critical move as it positions itself at the heart of the booming AI infrastructure market.
During the earnings call, CEO Charles Liang directly addressed the issue, stating that non-GAAP earnings per share were “down year over year… primarily due to the tariff impact.”
The significance of this comment becomes clear when viewed alongside the company’s core business. The CFO, David Wiegand, noted that demand for “next-generation air-cooled and liquid-cooled GPU AI platforms… represented over 70% of Q4 revenues.”
By linking the tariff impact to the company’s overall financial performance and noting that the majority of its business is AI-related, the earnings call implied the direct threat tariffs …