secwatch.observer — SEC 8-K summary
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Issuer:     Super Micro Computer, Inc. (SMCI)
CIK:        0001375365
Form:       8-K
Filed at:   2025-02-11T23:59:59+00:00
Accession:  0001375365-25-000001
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Supermicro reports Q2 rev $5.6-5.7B (+54% YoY) but cuts FY25 revenue guide to $23.5-25B; DOJ/SEC subpoenas
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- Q2 FY2025 preliminary: rev $5.6-5.7B (+54% YoY); GAAP EPS $0.50-0.52 flat; non-GAAP EPS $0.58-0.60 (+5%).
- FY2025 revenue guidance cut from $26-30B to $23.5-25B; Q3 rev guide $5-6B, GAAP EPS $0.36-0.53.
- Gross margin 11.8-11.9% extremely low; prior quarter inventory reserve charge of ~$45M adjusted EPS down $0.09.
- Company discloses DOJ and SEC subpoenas received late 2024; cooperating; securities litigation deemed without merit.
- Issued $700M new 2.25% convertible notes due 2028; amended existing 0.00% notes to 3.50% interest due 2029.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1375365/000137536525000001/0001375365-25-000001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1375365/000137536525000001/smci-20250211.htm
  HTML page:      https://secwatch.observer/filing/0001375365-25-000001

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