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22h ago

Super Micro Cuts Q1 Sales Outlook to $5 Billion as AI Orders Shift to Next Quarter

Investors are weighing a reaffirmed $33 billion annual target against rising timing risk tied to large AI contracts.

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Logos of Super Micro Computer are pictured at a computer and technology trade show, in Taipei, Taiwan, May 30, 2023. REUTERS/Ann Wang
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SMCI stock Super Micro Computer

Overview

  • First‑quarter revenue is now expected at $5 billion, down from prior guidance of $6 billion to $7 billion and below roughly $6.5 billion consensus.
  • Management said recent design win upgrades pushed deliveries into fiscal Q2, with more than $12 billion requested for that quarter.
  • The company reiterated a fiscal 2026 revenue floor of at least $33 billion, citing robust demand for its AI server platforms.
  • Shares fell roughly 6% to 9% on Thursday following the update, making the stock one of the day’s notable decliners.
  • Further details on delivery timing and guidance are slated for Nov. 4, as investors also monitor previously disclosed control weaknesses and recurring timing shifts.