What is the story about?
Shares of Super Micro Computers, a manufacturer of servers for data centers, plunged as much as 16% in extended trading on Wall Street on Tuesday, August 5, after its quarterly results missed expectations, and the firm also issued
weak guidance.
For the quarter, Super Micro reported $5.76 billion in revenue, which is lower than expectations of $5.89 billion, while its Earnings Per Share (EPS) stood at $0.41 from $0.44 earlier.
Super Micro has guided for EPS to be in the range of $0.4 to $0.52 during the ongoing quarter, while analysts were projecting a figure of $0.59. On the revenue front, that is likely to be between $6 billion to $7 billion, while the analysts projections lie at the mid-point, at $6.6 billion.
For the
full year though, Super Micro expects $33 billion in revenue, which is higher than the analysts estimates of $29.94 billion.
Super Micro recently avoided being delisted from the Nasdaq after it fell behind its deadline to report financial statements and the abrupt exit of its auditor.
The company saw a demand surge in 2023 for its data centre servers that comprise of Nvidia chips for handline AI models and workloads. Growth has slowed since then.
Super Micro shares fell 16.5% in extended trading to
$47.88. The stock ended 1.7% lower in regular trading and was up 90% so far in 2025 as of close.
(With Inputs From Agencies.)
For the quarter, Super Micro reported $5.76 billion in revenue, which is lower than expectations of $5.89 billion, while its Earnings Per Share (EPS) stood at $0.41 from $0.44 earlier.
Super Micro has guided for EPS to be in the range of $0.4 to $0.52 during the ongoing quarter, while analysts were projecting a figure of $0.59. On the revenue front, that is likely to be between $6 billion to $7 billion, while the analysts projections lie at the mid-point, at $6.6 billion.
For the
Super Micro recently avoided being delisted from the Nasdaq after it fell behind its deadline to report financial statements and the abrupt exit of its auditor.
The company saw a demand surge in 2023 for its data centre servers that comprise of Nvidia chips for handline AI models and workloads. Growth has slowed since then.
Super Micro shares fell 16.5% in extended trading to
(With Inputs From Agencies.)
Do you find this article useful?
