SMCI Earnings Date 10/24/24: Preview and Expectations

SMCI Corporation (NASDAQ: SMCI) is scheduled to announce its third-quarter financial results on Tuesday, October 24, 2023, after the market closes.

Analysts are expecting the company to report earnings per share (EPS) of $2.10 on revenue of $1.2 billion.

SMCI is a leading provider of semiconductor manufacturing equipment. The company's products are used to manufacture a wide range of semiconductors, including those used in computers, smartphones, and other electronic devices.

The company's earnings release will be closely watched by investors as it will provide insights into the health of the semiconductor industry. The semiconductor industry is currently experiencing a downturn, and investors will be looking for any signs of improvement in the company's results.

In addition to the company's financial results, investors will also be listening for any updates on the company's business outlook. SMCI has been investing heavily in new products and technologies, and investors will be looking for any signs that these investments are paying off.

The company's earnings release is scheduled to be released at 4:05 p.m. ET on October 24, 2023. The company will also host a conference call to discuss its results at 5:00 p.m. ET.

Key Financials

The following table shows SMCI's key financial metrics for the past four quarters:

Analyst Expectations

The following table shows the consensus analyst estimates for SMCI's third-quarter financial results:

Key Trends to Watch

The following are some of the key trends to watch for in SMCI's third-quarter financial results:

• Revenue growth: SMCI's revenue has been growing steadily in recent quarters. Investors will be looking for continued growth in the third quarter.
• Gross margin: SMCI's gross margin has been declining in recent quarters. Investors will be looking for any signs of improvement in the third quarter.
• Operating expenses: SMCI's operating expenses have been rising in recent quarters. Investors will be looking for any signs of cost control in the third quarter.
• Net income: SMCI's net income has been growing in recent quarters. Investors will be looking for continued growth in the third quarter.

Valuation

The following table shows SMCI's valuation metrics compared to its peers:

Risks

The following are some of the risks that investors should be aware of when investing in SMCI:

• The semiconductor industry is cyclical. The semiconductor industry is subject to cyclical upswings and downswings. SMCI's financial results could be negatively impacted by a downturn in the semiconductor industry.
• SMCI is heavily dependent on a few large customers. SMCI's largest customer is Intel Corporation. If Intel were to reduce its orders from SMCI, it could have a significant negative impact on SMCI's financial results.
• SMCI is facing competition from a number of large, well-established companies. SMCI competes with a number of large, well-established companies in the semiconductor manufacturing equipment market. This competition could make it difficult for SMCI to grow its market share.

Conclusion

SMCI is a leading provider of semiconductor manufacturing equipment. The company's earnings release on October 24, 2023, will be closely watched by investors as it will provide insights into the health of the semiconductor industry. Analysts are expecting the company to report EPS of $2.10 on revenue of $1.2 billion. Investors should be aware of the risks associated with investing in SMCI before making an investment decision.

Additional Information

• SMCI Corporation Investor Relations
• SMCI Corporation Third-Quarter 2023 Earnings Release
• SMCI Corporation Third-Quarter 2023 Earnings Call Transcript

Disclaimer

The information contained in this article is for informational purposes only and should not be construed as investment advice. Before making any investment decisions, investors should consult with a qualified financial advisor.