Super Micro shares plunge 15% on weak results, disappointing guidance

1 month ago 22

Charles Liang, CEO of Super Micro, speaks astatine the Computex league successful Taipei, Taiwan, connected June 1, 2023.

Walid Berrazeg | Sopa Images | Lightrocket | Getty Images

Super Micro Computer shares slid 15% successful extended trading connected Tuesday aft the server shaper reported disappointing fiscal fourth-quarter results and issued anemic quarterly net guidance.

Here's however the institution did successful examination with LSEG consensus:

  • Earnings per share: 41 cents adjusted vs. 44 cents expected
  • Revenue: $5.76 cardinal vs. $5.89 cardinal expected

Super Micro's gross accrued 7.5% during the quarter, which ended connected June 30, according to a statement.

For the existent quarter, Super Micro called for 40 cents to 52 cents successful adjusted net per stock connected $6 cardinal to $7 cardinal successful gross for the fiscal archetypal quarter. Analysts surveyed by LSEG were looking for 59 cents per stock and $6.6 cardinal successful revenue.

For the 2026 fiscal year, Super Micro sees astatine slightest $33 cardinal successful revenue, supra the LSEG statement of $29.94 billion.

Super Micro saw surging request starting successful 2023 for its information halfway servers packed with Nvidia chips for handling artificial quality models and workloads. Growth has since slowed.

The institution avoided being delisted from the Nasdaq aft falling down connected quarterly fiscal filings and seeing the departure of its auditor.

As of Tuesday's close, Super Micro shares were up astir 88% truthful acold successful 2025, portion the S&P 500 scale has gained 7%.

Executives volition sermon the results connected a league telephone starting astatine 5 p.m. ET.

Don’t miss these insights from CNBC PRO

We person  a runaway bull marketplace  close    now, says Jim Cramer

Read Entire Article