Overview
- Super Micro reduced its Q3 revenue forecast to $4.5–$4.6 billion, down from $5–$6 billion, and cut EPS guidance to $0.29–$0.31 from $0.46–$0.62.
- The company attributed the shortfall to delayed customer platform decisions, pushing some sales into the fourth quarter.
- Gross margins declined by 220 basis points due to higher inventory reserves for older products and expedited costs for new product launches.
- Shares plummeted over 15% in after-hours trading, reflecting investor concerns over operational missteps and broader AI market uncertainties.
- Super Micro plans to address the financial shortfall and provide updates during an analyst call on May 6.