Super Micro Stock Dips 6% After Missing Revenue Targets in Weak Preliminary Q1 Report
Super Micro Computer Inc. saw its shares drop over 6% on Thursday after releasing weaker-than-expected preliminary results for the first quarter of fiscal year 2026.
The AI server manufacturer announced it anticipates revenue of around $5 billion for the quarter, falling short of its earlier guidance range of $6 billion to $7 billion. The shortfall, according to the company, was largely due to “design win upgrades” that shifted part of the projected Q1 revenue into the following quarter.
“We’re seeing accelerating customer demand and continued growth in AI server market share, and we reaffirm our fiscal 2026 revenue outlook of at least $33 billion,” said Super Micro CEO Charles Liang in a statement.
The company also disclosed that it secured new design wins worth more than $12 billion, with deliveries scheduled for the second fiscal quarter. Super Micro plans to share more details regarding these upcoming shipments and its updated revenue outlook during its official earnings call on November 4, when it will publish complete Q1 results.
Despite the short-term setback, analysts note that Super Micro’s strong pipeline and rising AI-related demand could help the company rebound in the second half of the fiscal year.
