How did SMCI's Q3 2025 EPS forecast compare to past trends?

Super Micro Computer (SMCI) is forecasted to report Q3 2025 earnings per share (EPS) of $7.37, according to KeyCorp analyst T. Blakey. This compares to the following: 1. **Historical Trends**: SMCI's EPS has shown significant year-over-year increases from 2018 to 2019, with an EPS of $1.60 in 2018 rising to $2.21 in 2019, an increase of 16.93%. However, there was a decline from 2017 to 2018, with EPS decreasing from $0.79 to $1.60, a decrease of 35.77%. 2. **Recent Performance**: The EPS forecast for Q3 2025 is higher than the EPS reported in the same quarter of the previous year. For Q3 2024, SMCI is expected to earn $5.44 per share. This indicates a positive trend in the company's earnings, assuming the Q3 2025 forecast is accurate. 3. **Market Analysts' Expectations**: The consensus estimate for SMCI's current full-year earnings is $20.24 per share. This suggests that analysts are optimistic about SMCI's earnings potential, which is a positive indicator for the Q3 2025 forecast. 4. **Growth Factors**: SMCI's diverse business model, which includes Graphics Processing Units (GPU), AI, core computing, storage, 5G telco, edge, and Internet of Things solutions, has been a key driver of its growth. The company's expanding pipeline of AI-backed software solutions and strong momentum across its H100-based systems and AI inferencing systems are likely to have contributed to the positive EPS forecast. In conclusion, SMCI's Q3 2025 EPS forecast of $7.37 represents a significant upside from the previous year's Q3 earnings, and it is in line with the company's historical growth trajectory and market analysts' expectations. The company's diverse business model and technological strengths are likely to have played a crucial role in this positive outlook.