Super Micro shares fall as it cuts Q1 forecast following delayed AI server deliveries
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The news: Super Micro Computer said it expects revenue of USD5 billion ($7.7 billion) for the first quarter of fiscal 2026, falling short of its earlier guidance of USD6 billion to USD7 billion due to changes in customer delivery timelines and “design win upgrades”.
The numbers: The company said some sales initially anticipated for Q1 were moved to the second quarter, contributing to the shortfall. Analysts had expected USD6.5 billion, according to LSEG data.
Shares of the AI server maker fell as much as 8.2%.
Super Micro said it had secured more than USD12 billion in recent design wins, with delivery requested in Q2 of fiscal 2026, and reaffirmed its full-year revenue target of at least USD33 billion.
The company has also been addressing internal control weaknesses disclosed last year. Super Micro is scheduled to report full Q1 results on 4 November.
What they said: CEO Charles Liang said in a statement that demand is increasing and the company is gaining AI market share.
“Supermicro is seeing outstanding levels of customer engagements for newly released AI liquid cooled solutions along with numerous key customers ramping large, multi-quarter, volume deployments,” said Liang
“We see customer demand accelerating, and we are gaining AI share, reiterating revenue of at least USD33 billion for FY 2026 with the expectation of delivering more.”
The sources: Super Micro Computer, Bloomberg, Reuters
