Super Micro Computer$Super Micro Computer (SMCI.US)$CEO Charles Liang expressed caution regarding the sales growth of Nvidia Blackwell GPU in the latest earnings call, and predicted that there will be no significant growth before Q1 2025. While Super Micro Computer may see initial sales of Blackwell GPU in the December quarter, Liang firmly believes that the real sales peak will come in Q1 2025. $NVIDIA (NVDA.US)$However, major customers of Nvidia including Meta Platforms, Google, and Microsoft have hinted that the release of Blackwell may be delayed. Due to design issues encountered in the manufacturing process, Nvidia had to redo trial production with Taiwan Semiconductor, resulting in customers having to wait until Q1 2025 for significant shipments.

This delayed sales expectation directly affects Super Micro Computer's forecast for revenue in the 2025 fiscal year. Liang expects revenue to be between $26 billion and $30 billion for the year, lower than market expectations. Previously, Nvidia CEO Huang Renxun had said in May that it is expected that Blackwell devices will be widely available by the end of the year.

However, major customers of Nvidia including$Meta Platforms (META.US)$Google $GOOGL.US$ and Microsoft$Microsoft (MSFT.US)$had hinted that the release of Blackwell might be delayed.$Taiwan Semiconductor (TSM.US)$Due to design issues encountered in the manufacturing process, Nvidia had to redo trial production with Taiwan Semiconductor, resulting in customers having to wait until Q1 2025 for significant shipments.

Despite this challenge, Liang remains optimistic about the prospects of Blackwell GPU. He said that once Blackwell GPU is on the market, Super Micro Computer is ready and has system and rack scale designs optimized for Blackwell.

The market has reacted strongly to Super Micro Computer's earnings report, with the company's stock price falling 20% on Wednesday. At the same time, Nvidia's stock price also fell 5% that day, with the company cumulatively down about 18% in the past month, and its share price has doubled since the beginning of the year.

Super Micro Computer's earnings report for the fourth quarter of the 2024 fiscal year showed that the company's revenue and profits did not meet analysts' expectations. Fourth-quarter sales were $5.31 billion, a year-on-year increase of 143.6%, but slightly lower than the market's expected $5.32 billion. Net income was $0.353 billion, a significant increase from $0.194 billion in the same period last year; adjusted earnings per share were $6.25, lower than the company's previous forecast and the analyst average expected $8.25.

Despite the uncertainty of Blackwell GPU sales growth, Super Micro Computer and Nvidia are actively preparing to meet market changes and maintain their leading positions in the competitive technology industry.

Editor/ping