Super Micro shares tumble 15% after missing Q4 estimates, issuing soft outlook
NEW YORK: Shares of Super Micro Computer (SMCI.O) fell 15% in after-hours trading on Tuesday after the server manufacturer posted weaker-than-expected fiscal fourth-quarter results and issued tepid guidance for the current quarter.
The company reported adjusted earnings of 41 cents per share, missing analysts’ expectations of 44 cents, according to LSEG data. Revenue came in at $5.76 billion, below the $5.89 billion consensus. Despite the miss, revenue rose 7.5% year-over-year for the quarter ended June 30.
Looking ahead, Super Micro projected adjusted earnings of 40 to 52 cents per share on revenue between $6 billion and $7 billion for its fiscal first quarter. Analysts had anticipated 59 cents per share and $6.6 billion in revenue.
For the full fiscal year 2026, the company expects revenue of at least $33 billion, topping the LSEG consensus of $29.94 billion.
Super Micro experienced a surge in demand beginning in 2023 for its AI-optimized data center servers featuring Nvidia (NVDA.O) chips. However, growth has moderated in recent quarters.
The company recently avoided delisting from the Nasdaq after delays in quarterly financial filings and the departure of its auditor.
Despite Tuesday’s drop, Super Micro shares have gained roughly 88% year-to-date, outperforming the broader S&P 500 index, which is up 7%.