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Supermicro Shares Plunge on Outlook Amid Revenue Misses
Supermicro Shares Plunge on Outlook Amid Revenue Misses
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BTCCSquare news:
Supermicro (SMCI) shares tumbled after another quarterly revenue miss, continuing a pattern of downward revisions that began in late 2023. The server builder's fiscal Q4 results showed 7% annual growth to $5.76 billion—below both analyst consensus and the company's own guidance range.
Volatility remains the defining characteristic for SMCI, with shares still up 50% year-to-date despite a 25% annual decline. The stock's whipsaw action reflects persistent forecasting challenges, including three consecutive quarters of reduced revenue projections and compressed gross margins.
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