Deep Dive: Super Micro Computer (SMCI) — AI Server Demand and Valuation Risks
Executive summary Summary fundamentals Detailed fundamental analysis Revenue trends Supermicro’s FY2025 revenue surge to $22.0B reflects accelerated demand for AI servers and large design wins, but the quarterly cadence is lumpy: Q3 showed ~$4.6B and Q4 jumped to $5.76B, indicating order timing and customer fulfillment dynamics (Supermicro press releases and earnings script). Investors must model…