How has SMCI's earnings performance evolved over recent quarters?

Super Micro Computer (SMCI) has demonstrated a fluctuating earnings performance over the past quarters, with notable variations in net income and diluted EPS within the span of five quarters.

1. **Growth Trend in Net Income**:
- SMCI's net income has experienced a significant increase from $295.97 million on December 31, 2023, to $424.33 million on September 30, 2024.
- This indicates a strong upward trajectory in the company's profitability, with the highest net income recorded in Q3 2024.
2. **Revenue Growth**: The company's total revenue has also shown substantial growth, rising from $3.66 billion on December 31, 2023, to $5.94 billion on September 30, 2024.
- This revenue growth complements the net income trend, suggesting that SMCI has been successful in generating higher profits alongside increased sales.
3. **Diluted EPS Variation**: The diluted EPS has shown a more volatile pattern, with a peak of $6.56 in Q1 2024, followed by a decline to $0.67 in Q3 2024.
- This fluctuation in diluted EPS indicates that while the company's net income has been increasing, the number of diluted shares may have varied, affecting the EPS calculation.
4. **Recent Performance**: The most recent data available is from Q2 2025, showing a net income of $402.46 million and a total revenue of $3.85 billion.
- It is important to note that the net income and revenue figures for Q2 2025 are lower than the previous quarter's figures, which may reflect short-term fluctuations or seasonal factors.

In conclusion, SMCI has exhibited robust growth in net income and total revenue over the past quarters, with a peak in Q3 2024. However, the diluted EPS has shown more variability, which could be influenced by factors such as share issuances or buybacks. The recent quarter's performance indicates a slight dip in net income and revenue, which requires monitoring for insights into the company's operational health and market conditions.

|code|Ticker|Name|Date|Total Revenue|Net Income|Diluted EPS|market_code|
|---|---|---|---|---|---|---|---|
|SMCI|SMCI.O|Super Micro Computer|2024 Q3|3.850066E9|4.02459E8|6.56|185|
|SMCI|SMCI.O|Super Micro Computer|2024 Q4|5.308192E9|3.52727E8|5.51|185|
|SMCI|SMCI.O|Super Micro Computer|2025 Q1|5.937256E9|4.24327E8|0.67|185|
|SMCI|SMCI.O|Super Micro Computer|2025 Q2|5.677962E9|3.20596E8|0.51|185|