Super Micro Computer shares tumbled 15% in after-hours trading on Tuesday after the server manufacturer posted weaker-than-expected fiscal fourth-quarter results and issued disappointing guidance for the upcoming quarter.
Results vs. LSEG consensus:
- Adjusted earnings per share: $0.41 vs. $0.44 expected
- Revenue: $5.76 billion vs. $5.89 billion expected
Revenue for the quarter ended June 30 rose 7.5% year-on-year, the company said.
For the fiscal first quarter, Super Micro projected adjusted earnings per share between $0.40 and $0.52 on revenue of $6 billion to $7 billion. Analysts surveyed by LSEG had forecast $0.59 per share and $6.6 billion in revenue.
Looking ahead to fiscal 2026, the company expects revenue of at least $33 billion, exceeding LSEG’s consensus estimate of $29.94 billion.
Super Micro’s growth surged in 2023, driven by demand for its Nvidia-powered data center servers designed for artificial intelligence workloads, but momentum has since slowed.
The company recently avoided a Nasdaq delisting after delays in quarterly filings and the resignation of its auditor.
As of Tuesday’s close, Super Micro shares had risen about 88% year-to-date, compared with a 7% gain for the S&P 500. Company executives will discuss the results on a conference call at 5 p.m. ET.
Source: CNBC
