SMCI Readies Q2 Report as Analysts Stay Cautious and Options Signal Big Move
SMCI is set to report its Q2 FY2026 results after the close on Feb 3; the Street expects revenue to surge about 83% year over year to around $10.42 billion with adjusted EPS near $0.49, down from a year ago, while a backlog above $13 billion underscores robust demand but margins may come under pressure from competition and supply constraints. DOJ accounting scrutiny remains a potential risk; options traders price in roughly a 12.3% move post-earnings, and analysts are mixed with a Hold consensus (targets from $26 to $63, average around $44, implying about 51% upside).
