Super Micro Computer Shares Drop After Earnings Miss, Despite Upbeat Q2 Guidance
Super Micro Computer's stock tumbled 9% in premarket trading following a disappointing first-quarter earnings report. The AI server manufacturer posted earnings of 35 cents per share on $5.02 billion in revenue, falling short of analyst expectations of 40 cents per share and $6 billion. Year-over-year revenue declined 15%, while net income plummeted by more than half to $168.3 million.
The company attributed the shortfall to design changes requested by a high-volume customer, which delayed approximately $1.5 billion in expected revenue into the second quarter. Despite the Q1 miss, Super Micro raised its Q2 revenue guidance to $10-11 billion, significantly above the $7.83 billion analyst consensus, and increased its full-year outlook to at least $36 billion.
