Super Micro craters after earnings and revenues miss
Super Micro Computer is down double digits after posting fiscal fourth-quarter results that missed on the top and bottom lines.
For the three months ending June 30, the AI server company reported:
Adjusted diluted earnings per share of $0.41 (estimated $0.44, guidance for $0.40 to $0.50).
Net sales of $5.76 billion (estimated $6 billion, guidance for $5.6 billion to $6.4 billion).
Super Micro had been warning that it would take time for Nvidia’s Blackwell ramp to pay dividends for the company, and it looks like the payoff will have to wait a little longer.
Management said first-quarter net sales would come in between $6 billion and $7 billion, which fits neatly with the Street’s view, but that adjusted earnings per share would range from $0.40 to $0.52, well below the $0.59 consensus estimate.
And so begins a massive fiscal year for Super Micro, as CEO Charles Liang had previously outlined a massive $40 billion revenue target for the 12 months ending June 2026, which is now lowered to at least $33 billion. That’s still higher than the $30 billion analysts had anticipated.
Prior to Friday’s sell-off, Super Micro had been at its 2025 highs in what’s been a tumultuous year so far. The stock doubled in February as management filed the necessary paperwork to stay listed on the Nasdaq on the heels of its accounting issues last year.
The stock’s price was then cut in half during the ensuing rout in momentum stocks and tariff-driven angst that brought the S&P 500 to the verge of a bear market in April.
Shares rebounded as President Donald Trump watered down and paused tariffs, with Super Micro’s $20 billion deal with a Saudi Arabian data center firm and a renewed AI boom powering the stock higher once again.
