Super Micro Computer (SMCI) Q2 2025 Earnings Call Transcript – The Motley Fool
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SMCI earnings call for the period ending December 31, 2024.
Super Micro Computer (SMCI 2.77%)Q2 2025 Earnings CallFeb 11, 2025, 5:00 p.m. ET
Thank you for standing by [Technical difficulty] Charles Liang, founder, president, and chief executive officer; David Weigand, CFO; and Michael Staiger, senior vice president of corporate development. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator instructions] Thank you.
Michael Staiger — Vice President of Corporate Development
Good afternoon, and thank you for attending Super Micro’s second quarter fiscal 2025 business update conference call for the second quarter, which ended December 31st, 2024. With me today are Charles Liang, founder, chairman, and chief executive officer; and David Weigand, chief financial officer. At the end of today’s prepared remarks, we will have a Q&A session for sell-side analysts. Additionally, the company will not address any questions regarding the delay in the filing of the company’s fiscal year 2024 10-K and 10-Qs due thereafter.
During today’s conference call, Super Micro will address business and market trends from the second quarter of fiscal ’25, including our financial outlook and operations, our strategy, technology and its advantages, our current and new product offerings and competitive industry and economic trends. We will discuss the estimated financial results but reference to any financial results are preliminary and subject to change based on finalized results contained in future filings with the SEC. By now, you should have received a copy of today’s news release that was issued after the close of market and is posted on our website where this call is being simultaneously webcast. Any forward-looking statements that we make are based on facts and assumptions as of today, and we undertake no obligation to update them.
Our actual results may differ materially from the results forecasted, and reported results should not be considered as an indication of future performance. A discussion of some of the risks and uncertainties relating to our business is contained in our filings with the SEC, and we refer you to those public filings, including our most recent annual report on Form 10-K. During this call, all financial metrics associated and growth rates are non-GAAP measures other than revenue and cash and investments. This call is being live broadcast and the Super Micro investor relations website and is being recorded for playback purposes.
An archive of the webcast will be available on the IR website and is the property of Super Micro. Our third quarter fiscal 2025 quiet period begins at the close of business Friday, March 14th, 2025. With that, I will turn it over to Charles.
Charles Liang — Chairman, President & Chief Executive Officer
Thank you, Michael, and thank you to everyone for joining us. We have some important updates today on our financial filings, operational progress, technology innovation, and business opportunities as we cross the midpoint of our fiscal 2025, I will begin by reviewing some key financial highlights from the December quarter. Our preliminary fiscal Q2 net revenue is projected to range between $5.6 billion and $5.7 billion, making a 54% year-on-year increase at the midpoint. Despite some negative impacts on cash flow and market misperception due to the 10K delay, we achieved a fairly good quarter, driven by sustained AI demand from both existing and new customers.
Our growth trajectory for fiscal year ’25 remains promising. Highlighted by the beginning of our transition from Hopper to Blackwell GPUs, we expect the growth in new generation platform to accelerate as supply ramp this quarter and beyond. We have confidence that our calendar year ’25 growth could be a repeat of calendar year ’23, if not better, assuming that supply chain can keep pace with demand. Our preliminary fiscal Q2 non-GAAP
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