Server solutions provider Super Micro Computer Inc. (SMCI), Tuesday reported a decline in profit, due mainly to higher operating expenses.
The San Jose, California-based company reported a third-quarter net profit of $7.08 million or $0.16 per share, compared to $10.70 million or $0.25 per share last year.
Excluding stock-based compensation expense, adjusted net income for the quarter declined to $8.81 million or $0.19 per share from $12.26 million from $0.28 per share in the prior-year quarter. On average, five analysts polled by Thomson Reuters expected the company to earn $0.23 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter grew 2.5 percent to $240.18 million from $234.29 million in the prior-year quarter. Five analysts had a consensus revenue estimate of $251.74 million for the quarter.
Operating expenses for the quarter increased to $31.14 million from $22.70 million in the prior-year quarter.
Looking ahead, the company expects fourth quarter adjusted earnings in the range of $0.27 to $0.32 per share. Revenues for the fourth quarter are anticipated in the range of $280 million to $310 million. Analysts currently expect the company to earn $0.29 per share for the quarter, with revenues of $274.88 million.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.