Charles Liang, CEO of Super Micro Computer, was at the Computex conference in Taipei, Taiwan on June 5, 2024.
Annabelle Chih | Bloomberg | Getty Images
Super micro Stocks fell 19% on Tuesday after server manufacturers announced preliminary results for the fiscal third quarter, which were lower than analysts’ forecasts.
Here is the company's preliminary figures compared to the LSEG consensus:
- Earnings per share: 29 to 31 cents, adjusted with expected 54 cents
- income: $4.5 billion to $4.6 billion vs. $5.5 billion expected
A statement said the Super Micro lowered the range from the quarterly guide ending on March 31. The new revenue range means 18% growth, down from the 200% growth Super Micro delivered a year ago.
"In the third quarter, some delayed customer platform decisions moved sales to the fourth quarter," the company said in a statement. Super Micro said it also saw "higher library storage generated by older products."
The company had previously asked to earn $5 billion to $6 billion in revenue, with earnings of 46 cents to 62 cents per share. Super Micro said gross margins in the quarter were 220 basis points lower than the previous period.
Shares of server competitors Dell After-get off work trading fell almost 5%, while HP Packard Enterprise It fell by about 2%. Nvidia Stocks fell about 2%.
Over the past year, Super Micro Stocks.
The announcement was the latest blow to the Super Micro, which has been controversial over the past year due to delays in financial documents and short sellers’ worries reports. In February, the company submitted its finances in the first two quarters of fiscal year 2024 and fiscal year 2025, just in time to meet the Nasdaq deadline to remain listed.
Last year, after Super Micro delayed its annual report, it lost auditor Ernst & Young on the grounds of governance issues. In November, the company named BDO the new auditor.
After more than triple in 2023, Super Micro Shoess fell last year in the second third and fourth quarters, cutting more than 80% of its market cap due to the company's position in the AI boom and sales of servers equipped with Nvidia's processors.
"We are confident that our 2025 calendar year growth could be a repetition of the 2023 calendar year assuming supply chains can keep pace with demand," Super Micro CEO Charles Liang told analysts on a February call in February.
The stock rose 18% in 2025 ahead of the announcement on Tuesday, which rallyed as the broader tech market declined.
Super Micro will conduct results with analysts on a conference call Tuesday, May 6 at 5 p.m. ET.
- CNBC's ARI levy contributes to this report.