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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 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.)
