2024-05-05 01:05:20 ET
Summary
- Super Micro Computer, Inc. announced financial results for Q3 of fiscal year 2024, beating analyst estimates.
- The SMCI stock dropped significantly despite beating estimates, and this article explores potential reasons.
- Super Micro's cash flow statement shows concerning inventory buildup, creating both a risk and a possible opportunity for future quarters.
- I reiterate Sell and explain what I'd need to see to upgrade the stock.
Super Micro Computer, Inc. (SMCI) announced financial results for its third quarter of fiscal year 2024 ended March 31, 2024. In this article, I analyze the company's quarterly results, dig deeper into the bottom-line profitability, and highlight a concerning trend in the cash flow statement....
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Super Micro Computer: Reiterate Sell Despite Margin Improvement