Charles Liang, CEO of Super Micro, speaks at the Computex conference in Taipei, Taiwan on June 1, 2023.
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super microcomputer Shares fell 6% on Thursday after the company announced weak preliminary results for the first quarter of fiscal 2026.
The server maker said it expects revenue of $5 billion for the quarter, a downward revision from the company’s previously announced guidance of $6 billion to $7 billion.
Supermicro said “design win upgrades” pushed some of its expected first-quarter sales into the second quarter.
“Customer demand is accelerating, we are gaining AI share, and we reiterate that we expect more, with revenue expected to be at least $33 billion in fiscal 2026,” Supermicro CEO Charles Liang said in a statement.
Supermicro said it has “recent design wins” worth more than $12 billion, with delivery requested during the second quarter of its fiscal year.
The company plans to provide further updates on expected second-quarter deliveries and revenue during its Nov. 4 earnings call, when it will formally report first-quarter results.
Super Micro’s stock price chart from the beginning of the year to the present.
