[{"data":1,"prerenderedAt":233},["ShallowReactive",2],{"triple-beat-SMCI":3,"og-beat-monitoring-SMCI":232},{"ticker":4,"name":5,"description":6,"epsLabel":7,"guidanceLabel":8,"stockLabel":9,"quarters":10,"tableNotes":206,"highlightQuarter":181,"highlightDescription":209,"sources":210},"SMCI","Super Micro Computer","Super Micro Computer（SMCI）はAIサーバー・液冷ラックの専業組み立てメーカーで、NVIDIA H100/H200/Blackwell世代のGPUサーバーを最も早く出荷できるベンダーとしてAIブームに乗って急成長した。直近8四半期はFY24Q3（2024年3月期）からFY26Q3（2026年3月期）までで、2024年8月にHindenburg Researchのショートレポートを受けて10-K提出が遅延、Nasdaq上場廃止リスクと監査法人EY辞任で株価が一時暴落するなど、純粋なAI上振れ銘柄から「ガバナンス＋競争激化」をくぐる銘柄に変質した。FY26にはBlackwell Ultraの大型受注（$13B超）で売上は四半期で$12B超まで拡大した一方、粗利率が9%台→6%台へ低下し利益伸長は鈍化。「売上はビート、利益は不安定」のパターン。","EPS ($, 非GAAP)","次Q売上ガイド (midpoint, $B)","株価反応 ($, 10-for-1分割調整後)",[11,37,62,87,108,134,156,180],{"quarter":12,"reportDate":13,"event":14,"revenue":15,"eps":20,"guidance":24,"stock":33},"Q3 FY24","2024/4/30","AIサーバー需要爆発、通期ガイ上方修正",{"actual":16,"consensus":17,"beatPct":18,"yoyPct":19},"$3.85 B","$3.95 B",-2.5,200,{"actual":21,"consensus":22,"beatPct":23},"$6.65","$5.78",15.1,{"revenue":25,"eps":29},{"company":26,"consensus":27,"beatPct":28},"$5.30 B","$4.75 B",11.6,{"company":30,"consensus":31,"beatPct":32},"$0.80","$0.76",5.3,{"reportClose":34,"nextClose":35,"changePct":36},"$85.64","$84.50",-1.3,{"quarter":38,"reportDate":39,"event":40,"revenue":41,"eps":46,"guidance":50,"stock":58},"Q4 FY24","2024/8/6","Hindenburgショートレポート、株式分割",{"actual":42,"consensus":43,"beatPct":44,"yoyPct":45},"$5.31 B","$5.32 B",-0.2,143,{"actual":47,"consensus":48,"beatPct":49},"$6.25","$8.03",-22.2,{"revenue":51,"eps":55},{"company":52,"consensus":53,"beatPct":54},"$6.50 B","$5.69 B",14.2,{"company":56,"consensus":31,"beatPct":57},"$0.75",-1.6,{"reportClose":59,"nextClose":60,"changePct":61},"$61.74","$44.74",-27.5,{"quarter":63,"reportDate":64,"event":65,"revenue":66,"eps":71,"guidance":74,"stock":83},"Q1 FY25","2024/11/5 (暫定)","10-K遅延、EY辞任、Nasdaq通知",{"actual":67,"consensus":68,"beatPct":69,"yoyPct":70},"$5.94 B (暫定)","$6.45 B",-7.9,180,{"actual":72,"consensus":31,"beatPct":73},"n/a (暫定発表のみ)",null,{"revenue":75,"eps":79},{"company":76,"consensus":77,"beatPct":78},"$5.80 B","$6.83 B",-15.1,{"company":80,"consensus":81,"beatPct":82},"$0.61","$0.58",4.3,{"reportClose":84,"nextClose":85,"changePct":86},"$34.13","$26.31",-22.9,{"quarter":88,"reportDate":89,"event":90,"revenue":91,"eps":96,"guidance":99,"stock":104},"Q2 FY25","2025/2/11 (暫定)","通期ガイ$26-30B→$23.5-25Bに引下げ",{"actual":92,"consensus":93,"beatPct":94,"yoyPct":95},"$5.65 B (暫定)","$5.83 B",-3.1,54,{"actual":97,"consensus":80,"beatPct":98},"$0.59 (暫定)",-3.3,{"revenue":73,"eps":100},{"company":101,"consensus":102,"beatPct":103},"$0.54","$0.30",80,{"reportClose":105,"nextClose":106,"changePct":107},"$40.04","$35.55",-11.2,{"quarter":109,"reportDate":110,"event":111,"revenue":112,"eps":117,"guidance":121,"stock":130},"Q3 FY25","2025/5/6","顧客プラットフォーム移行待ちで失速、通期再下方修正",{"actual":113,"consensus":114,"beatPct":115,"yoyPct":116},"$4.60 B","$5.50 B",-16.4,19,{"actual":118,"consensus":119,"beatPct":120},"$0.31","$0.50",-38,{"revenue":122,"eps":126},{"company":123,"consensus":124,"beatPct":125},"$6.00 B","$5.85 B",2.6,{"company":127,"consensus":128,"beatPct":129},"$0.45","$0.44",2.3,{"reportClose":131,"nextClose":132,"changePct":133},"$32.81","$32.55",-0.8,{"quarter":135,"reportDate":136,"event":137,"revenue":138,"eps":143,"guidance":146,"stock":152},"Q4 FY25","2025/8/5","通期FY26 $33B＋ガイダンス公表",{"actual":139,"consensus":140,"beatPct":141,"yoyPct":142},"$5.76 B","$5.89 B",-2.2,7.5,{"actual":144,"consensus":128,"beatPct":145},"$0.41",-6.8,{"revenue":147,"eps":149},{"company":52,"consensus":68,"beatPct":148},0.8,{"company":150,"consensus":150,"beatPct":151},"$0.46",0,{"reportClose":153,"nextClose":154,"changePct":155},"$58.86","$48.46",-17.7,{"quarter":157,"reportDate":158,"event":159,"revenue":160,"eps":164,"guidance":168,"stock":176},"Q1 FY26","2025/11/4","設計勝利の出荷ずれでQ1売上未達、でも通期$36B＋に上方",{"actual":161,"consensus":123,"beatPct":162,"yoyPct":163},"$5.02 B",-16.3,-15,{"actual":165,"consensus":166,"beatPct":167},"$0.35","$0.40",-12.5,{"revenue":169,"eps":173},{"company":170,"consensus":171,"beatPct":172},"$10.50 B","$7.40 B",41.9,{"company":119,"consensus":174,"beatPct":175},"$0.49",2,{"reportClose":177,"nextClose":178,"changePct":179},"$43.05","$36.71",-14.7,{"quarter":181,"reportDate":182,"event":183,"revenue":184,"eps":189,"guidance":193,"stock":202},"Q2 FY26","2026/2/3","売上$12.7B史上最高、粗利率6.4%へ圧迫",{"actual":185,"consensus":186,"beatPct":187,"yoyPct":188},"$12.74 B","$10.40 B",22.5,123,{"actual":190,"consensus":191,"beatPct":192},"$0.69","$0.55",25.5,{"revenue":194,"eps":198},{"company":195,"consensus":196,"beatPct":197},"$12.30 B (下限)","$11.20 B",9.8,{"company":199,"consensus":200,"beatPct":201},"$0.60 (下限)","$0.63",-4.8,{"reportClose":203,"nextClose":204,"changePct":205},"$29.70","$29.67",-0.1,[207,208],"SMCIは2024/10/1付で10-for-1株式分割を実施したため、表の株価はすべて分割後ベースに調整。","Q1 FY25（2024/11/5）とQ2 FY25（2025/2/11）は10-Kの遅延により正式決算ではなく「予備的（preliminary）財務情報」のリリース日。","最も化けた四半期はQ2 FY26（2026/2/3発表）で、売上$12.74B（コンセンサス$10.4Bに対し+22.5%）、前年同期比+123%とハイパーグロースを再点火した。ドライバーはNVIDIA Blackwell Ultraラック向けの大口受注で、累計受注は$13B超に積み上がり、通期FY26ガイドも$36B→$40B＋に引き上げ。Q3 FY26ガイダンスも$12.3B＋とコンセンサス$11.2Bに対し+9.8%上振れ。一方で粗利率は6.4%まで低下し、AIサーバー組み立ての価格競争・Blackwell初期生産のコスト高が露呈した。発表翌日の株価騰落率は-0.1%とほぼ無風で、市場は「売上のビートを利益率の悪化が相殺している」と冷静に受け止めた。FY25Q3〜Q1 FY26までの連続ミスから一旦立ち直った「化けの瞬間」だが、AAPLやNVDAのような単純な「ビート＝株価上昇」のパターンには戻っていない。",[211,214,217,220,223,226,229],{"label":212,"url":213},"Supermicro Announces Third Quarter Fiscal Year 2024 Financial Results","https://ir.supermicro.com/news/news-details/2024/Supermicro-Third-Quarter-Fiscal-Year-2024-Financial-Results/default.aspx",{"label":215,"url":216},"Supermicro Announces Fourth Quarter and Full Fiscal Year 2024 Financial Results","https://ir.supermicro.com/news/news-details/2024/Supermicro-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2024-Financial-Results/default.aspx",{"label":218,"url":219},"Supermicro Announces First Quarter Fiscal Year 2025 Preliminary Financial Information","https://ir.supermicro.com/news/news-details/2024/Supermicro-Announces-an-Update-from-the-Independent-Special-Committee-and-First-Quarter-Fiscal-Year-2025-Preliminary-Financial-Information/default.aspx",{"label":221,"url":222},"Supermicro Announces Third Quarter Fiscal Year 2025 Financial Results","https://ir.supermicro.com/news/news-details/2025/Supermicro-Announces-Third-Quarter-Fiscal-Year-2025-Financial-Results/default.aspx",{"label":224,"url":225},"Supermicro Announces Fourth Quarter and Full Fiscal Year 2025 Financial Results","https://ir.supermicro.com/news/news-details/2025/Supermicro-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2025-Financial-Results/default.aspx",{"label":227,"url":228},"Supermicro Announces First Quarter Fiscal Year 2026 Financial Results","https://ir.supermicro.com/news/news-details/2025/Supermicro-Announces-First-Quarter-Fiscal-Year-2026-Financial-Results/default.aspx",{"label":230,"url":231},"Supermicro Announces Second Quarter Fiscal Year 2026 Financial Results","https://ir.supermicro.com/news/news-details/2026/Supermicro-Announces-Second-Quarter-Fiscal-Year-2026-Financial-Results/default.aspx","https://log.eurekapu.com/og/pages/general/beat-monitoring-SMCI.png?title=SMCI%20Super%20Micro%20Computer%20-%20%E3%83%93%E3%83%BC%E3%83%88%E3%83%A2%E3%83%8B%E3%82%BF%E3%83%AA%E3%83%B3%E3%82%B0&sig=7fc78b04f8be49ae",1779172236067]