--- title: "SMCI Stock Braces for Q2 Earnings – Analysts Cautious, Options Eye 12% Swing" type: "News" locale: "en" url: "https://longbridge.com/en/news/274484940.md" description: "Super Micro Computer (SMCI) is set to release its Q2 fiscal 2026 results on February 3, with analysts cautious as shares have dropped 7.5% recently. Expected adjusted EPS is $0.49, down from $0.51 last year, while sales are forecasted to rise 83.4% to $10.42 billion. Investors will focus on the order backlog of over $13 billion and potential supply chain issues. The stock is anticipated to swing 12.30% post-earnings, higher than its average of 7.06% in the past four quarters." datetime: "2026-02-02T08:22:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274484940.md) - [en](https://longbridge.com/en/news/274484940.md) - [zh-HK](https://longbridge.com/zh-HK/news/274484940.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/274484940.md) | [繁體中文](https://longbridge.com/zh-HK/news/274484940.md) # SMCI Stock Braces for Q2 Earnings – Analysts Cautious, Options Eye 12% Swing Super Micro Computer (SMCI) will release its second-quarter fiscal 2026 results after market close tomorrow, February 3. Shares have been under pressure, dropping 7.5% over the past five days. Analysts expect sales to rise drastically and earnings to fall compared to the prior-year quarter. ### Claim 50% Off TipRanks Premium - Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions - Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential SMCI is one of the U.S.' largest providers of high-performance servers, focusing on energy-efficient solutions for data centers, AI, cloud computing, and edge infrastructure. Investors will focus on the company's order backlog, a key performance metric. In Q1FY26, SMCI reported a backlog of over $13 billion, signaling robust demand. However, supply chain constraints could hinder conversion to sales. Additionally, SMCI's margins will be under scrutiny, as they have contracted amid intensifying competition. ## **Expectations from SMCI** The Street expects SMCI to post adjusted earnings per share (EPS) of $0.49, lower than Q2FY24's figure of $0.51. Sales are forecast to surge 83.4% year-over-year to $10.42 billion. Unfortunately, SMCI has missed earnings estimates in five of the past eight quarters. Investors will compare results against the company's guidance. SMCI previously projected Q2 revenues of $10 to $11 billion and adjusted EPS of $0.46-$0.54. The Justice Department continues to scrutinize SMCI's accounting practices, spotlighted by short-seller Hindenburg Research's report last year. Any updates on the same could sway the stock. ## **Options Traders' View** According to TipRanks' Options Tool, options traders expect about a 12.30% move in either direction for SMCI stock in reaction to Q2FY26 results. Notably, this implied move is considerably higher than Super Micro Computer stock's average post-earnings move (in absolute terms) of 7.06% over the past four quarters. ### Related Stocks - [GraniteShares YieldBOOST SMCI ETF (SMYY.US)](https://longbridge.com/en/quote/SMYY.US.md) - [State Street® SPDR® S&P® Smcndctr ETF (XSD.US)](https://longbridge.com/en/quote/XSD.US.md) - [Defiance Daily Target 2X Long SMCI ETF (SMCX.US)](https://longbridge.com/en/quote/SMCX.US.md) - [First Trust Nasdaq Semiconductor ETF (FTXL.US)](https://longbridge.com/en/quote/FTXL.US.md) - [GraniteShares 2x Long SMCI Daily ETF (SMCL.US)](https://longbridge.com/en/quote/SMCL.US.md) - [Invesco S&P 500® Equal Weight Tech ETF (RSPT.US)](https://longbridge.com/en/quote/RSPT.US.md) - [iShares Future AI & Tech ETF (ARTY.US)](https://longbridge.com/en/quote/ARTY.US.md) - [YieldMax SMCI Option Income Strategy ETF (SMCY.US)](https://longbridge.com/en/quote/SMCY.US.md) - [VanEck Semiconductor ETF (SMH.US)](https://longbridge.com/en/quote/SMH.US.md) - [iShares Global Tech ETF (IXN.US)](https://longbridge.com/en/quote/IXN.US.md) - [Invesco Semiconductors ETF (PSI.US)](https://longbridge.com/en/quote/PSI.US.md) - [Defiance Daily Target 2X Short SMCI ETF (SMCZ.US)](https://longbridge.com/en/quote/SMCZ.US.md) - [Invesco PHLX Semiconductor ETF (SOXQ.US)](https://longbridge.com/en/quote/SOXQ.US.md) - [iShares Semiconductor ETF (SOXX.US)](https://longbridge.com/en/quote/SOXX.US.md) - [Super Micro Computer, Inc. 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