AI (artificial intelligence) player Super Micro Computer SMCI -6.39% ▼ is set to release its Q1 FY25 results on November 5. Wall Street analysts anticipate the company will report earnings of $0.73 per share, reflecting a remarkable 115% year-over-year increase. Additionally, revenues are expected to rise by 205% from the same quarter last year, reaching $6.46 billion, according to data from the TipRanks Forecast page.
However, despite these positive expectations for Q1, SMCI stock has declined by over 60% in the past six months. This decline was due to several factors, including concerns about the company’s reputation and financial restatements.
